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The Pigment Intermediates Market operates within a complex web of dynamics that are influenced by various factors, ranging from raw material availability to end-user demands. The pigment intermediates serve as the backbone of the pigments used in producing paints, coatings, plastics and textiles among others. These downstream sectors have direct implications on how the pigment intermediates move forward.
One of the key drivers shaping the market dynamics is the availability and cost of raw materials. Pigment intermediates typically consist of different chemical compounds obtained through continuous supply chains. Raw material prices fluctuation caused by geopolitical issues create ripple effects in terms of overall costs associated with pigment intermediaries. Players must be able to deal with such challenges in order to maintain their competitive positions and profitability values.
Moreover, environmental regulations and sustainability considerations play a pivotal role in shaping the dynamics of the pigment intermediates market. The global trends towards eco-friendly products has increased demand for sustainable pigment intermediates production processes. Therefore, companies operating within this industry are compelled to research and develop alternative products that are environmentally friendly thus ensuring they do not lag behind global campaign for greener industries.
In addition, pigment intermediates’ market dynamics are also influenced by global economic conditions. This can be observed in the fact that economic downturns can reduce consumer spending in areas such as construction or automotive that majorly consumes pigments. Alternatively, periods of economic growth may increase demand for pigment-intensive products thus stimulating the market for pigment intermediates. Therefore, pigment intermediates being cyclical in nature highlights the importance of adaptability and strategic planning by businesses operating within this sector.
Similarly, another major factor affecting market dynamics is competition. The presence of several key players vying for market share typifies the pigment intermediates industry. Innovations in production process, product formulation and cost-effective technology are important to keep ahead of competition. Strategic alliances, mergers and acquisitions have been used as common approaches to consolidate positions while broadening product portfolios within a specific market.
Pigment Intermediates Market Highlights:
Pigment Intermediates Market Regional Analysis
The pigment intermediates market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the global pigment intermediates market in 2017 due to the high demand for pigment intermediates from major end-use industries such as paints & coatings, textiles, construction, and plastics. The high growth of the market in this region can also be attributed to the fast-paced industrialization and urbanization in the emerging countries such as India, Thailand, Malaysia, and Singapore.
North American market is expected to witness a high growth of the market owing to the high demand from the paints & coatings and construction industries in the region.
The market is Europe is driven by the increased demand for paints & coatings, which is further used in production of automotive parts.
Key Players
Some of the manufacturers operating in the global pigment intermediates market are Camex Limited (India), CALSAK CORPORATION (US), Ambuja Intermediates Pvt Ltd (India), Nova International (India), Sugai Chemical IND.CO.,LTD. (Japan), Wellton Chemical Co.,Ltd. (China), Minal Intermediates (India), Seya Industries Ltd. (India), Sarna Chemicals (India), Kawaguchi Chemical Industry Co., LTD (Japan), and Nantong Acetic Acid Chemical Co., Ltd. (China).
Market Overview
Pigments are generally colored, organic or inorganic solid powder, and are insoluble in water and organic solvents. They have no physical and chemical alteration when incorporated in the substrate. Pigments offer a wide range of colors, excellent light and weather fastness, high tinting strength, excellent solvent resistance, heat stability, and consistency.
The pigment intermediates market is primarily driven by its use in major end-use industries such as textiles, paper, paints & coatings, plastics, and construction. The growth of these industries is high in the emerging economies of Asia-Pacific such as India, Thailand, Singapore, Malaysia, and Indonesia, which is driving the global pigment intermediates market. The high penetration of pigments in textiles industry is one of the major drivers of the pigment intermediates market. The high disposable income and the changing fashion trend of the consumers across the globe is a factor positively influencing the market growth. Furthermore, its use in paints & coatings is another primary driver of the global pigment intermediates market. Paints and coatings are used in almost every major industry such as automotive, aerospace, shipbuilding, electronics, and consume goods. Rapid industrialization and urbanization in the emerging economies of Asia-Pacific have resulted in increased construction, which is also fueling market growth. Moreover, high production and sales of automobiles across the globe are expected to propel the demand for paints & coatings, which will further drive the market growth during the forecast period.
However, the fluctuations in the pricing of titanium dioxide is likely to hamper market growth during the forecast period.
Global Pigment Intermediates Market, by Application (%)
Source: MRFR Analysis
Segmentation
The global pigment intermediates market has been segmented on the basis of type, end-use industry, and region.
Based on type, the market has been bifurcated into organic and inorganic intermediates.
By end-use industry, the market has been segmented into paints & coatings, textiles, construction, paper, plastics, and others.
Intended Audience
- Pigment intermediates manufacturers
- Traders and distributors of pigment intermediates
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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