Paint Pigments Market Size was valued at USD 28.44 Billion in 2022. The Paint Pigments industry is projected to grow from USD 28.62 Billion in 2023 to USD 43.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.3 % during the forecast period (2023 - 2032).
Infrastructure spending is likely to boost paint pigments market during the forecast period. Globally, the paint & coating market is boosting the overall market which in turn has created a platform for paint pigment manufacturers to cover the market.
In February 2023, Brilliant Group, Inc. signed a partnership agreement with Terra Firma of DKSH to allow Terra Firma to sell their world-famous fluorescent and phosphorescent pigments.
Geographically, Asia-Pacific is expected to be the fastest growing as well as the largest market for paint pigment where China’s contribution to the overall market has created several opportunities to the local as well as global players. North America and Europe would stand second and third rank in terms of value and volume.
Some of the key players in this market are BASF SE, Dow Chemical Company, Huntsman Corporation, Nippon Kayaku Company, Cabot Corporation, Clariant, Sensient Technologies, Synthesia, Shanghai Road Dyestuffs & Chemicals, Evonik Degussa, Ei Dupont De Nemours, Dic Corporation and others.
February 2023- Brilliant Group, Inc. signed a partnership agreement with Terra Firma of DKSH to allow Terra Firma to sell their world-famous fluorescent and phosphorescent pigments.
February 2023- Heritage Color Companies (a subsidiary of Vivify Specialty Ingredients) acquired Reitech Corporation, which manufactures and supplies water-based pigment dispersions.
After BASF Coatings invested in further expanding its automotive refinish coatings production capacity in Jiangmen City, Guangdong Province, South China, it can produce up to around 30 thousand metric tonnes per year since completing the expansion at its site this July 2022.
DIC Corporation opened its new plant Optima for liquid ink manufacturing at Saykha in Bharuch district, Gujarat, in March 2022. The factory covers an area of 92,500 square meters, and the initial capacity is more than 10 thousand tons per year (TF toluene-free) / KF/NTNK (ketone-free), liquid ink for two shifts during phase one.
In April, Kronos Worldwide Inc. announced that it has partnered with Brazil's leading distributor Additiva, under a strategic partnership where they will distribute titanium dioxide pigments throughout Brazil.
Cathay Industries completed the acquisition of Venator’s Iron Oxide Pigment Operations as a global environmentally friendly manufacturer specializing in comprehensive inorganic pigment solutions in November 2022.
Two pigments were introduced by Sudarshan Chemical Industries Limited under their organic pigments portfolio that can be used as plastics and coating applications this December 2022.
DIC Corporation has announced its second-phase agreement with Debut Biotechnology, Inc., on natural red pigments for nutrition food cosmetic applications in July 2022.
The report for Global Paint Pigments Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2030: Significant value |
| CAGR | 4.8 %(2022–2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019Â &Â 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Forms, By Mixture, By Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | BASF SE, Dow Chemical Company, Huntsman Corporation, Nippon Kayaku Company, Cabot Corporation, Clariant, Sensient Technologies, Synthesia, Shanghai Road Dyestuffs & Chemicals, Evonik Degussa, Ei Dupont De Nemours, Dic Corporation |
| Key Market Opportunities | The paint & coating market is boosting the overall market which in turn has created a platform for paint pigment manufacturers. |
| Key Market Drivers | Infrastructure spending is likely to boost paint pigments market during the forecast period. |
Paint Pigments Market Highlights:
Frequently Asked Questions (FAQ) :
The paint & coating industry to boost the paint pigments market.
The paint pigments market CAGR will be 4.8% during the forecast period.
Asia Pacific to dominate the global paint pigments market.
Players included in the paint pigments market are Dow Chemical Company, Huntsman Corporation, BASF SE, Cabot Corporation, Nippon Kayaku Company, Sensient Technologies, Ei Dupont De Nemours, Synthesia, Clariant, Evonik Degussa, Shanghai Road Dyestuffs & Chemicals, Dic Corporation, and others.
The forms discussed in the paint pigments market report are liquid and powder.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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