Pigments Market Latest Trends and Future Growth Study by 2027

May 29, 2024, 11:58 AM

TDD-global

10596

Guide

Highlights at a glance

The pigments market is expanding due to increasing demand in various sectors like paints, coatings, and plastics. With a valuation of US$ 30.35 billion in 2018, the market is forecasted to grow at a CAGR of ~4.6% from 2019 to 2027, fueled by the need for high-performance pigments in automotive, consumer goods, and construction industries.

The utilization of pigments in paints and coatings formulations opens several application areas for pigments market. Revenues stem from the growing demand for pigments to meet the growing consumption of paints and coatings and inks in plastics, automotive and consumer goods, and construction industries, especially in developing regions of the world. Key attributes are coloring effect, gloss, environmental stability, tribology and optical properties.

In 2018, the global valuation of the pigments market was estimated to be US$ 30.35 bn.Businesses from the plastics industry are constantly demanding pigments with better performance attributes, broadening the horizon of the pigments market. During the forecast period of 2019 – 2027, the pigments market is expected to rise at CAGR of ~4.6%.

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