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Global Pigments Market to Reach USD 14.7 Bn by 2018: Transparency Market Research

Published on 2015-03-25. Author : SpecialChem

A recent study by Transparency Market Research (TMR) forecasts that the global pigments market will grow at a 4.5% CAGR from 2013-2018. TMR, a market intelligence company based in the United States, in its recently released report states, that by 2018 the global pigments market will report a market value worth US$14.7 billion in revenue terms and 4.4 million tons in volume terms. The report is titled ‘Pigments Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2012 - 2018’.

The TMR report states that growing demand for specialty pigments, expansion of the construction materials market, and the expanding paints and coatings industry are some of the key factors that drive the global pigments market. It is anticipated that the surging demand for coatings and paints from the construction industry will contribute significantly to the robust growth of the pigments market in the forthcoming years. Pigments are dominant components in the overall colorants market and derive substantial demand from several industry verticals other than the coatings, paints, and construction industries. Presently, the global pigments market is characterized by high demand for unique and specialized end-use pigments.

According to this research report, the global pigments market is segmented on the basis of type, end-use, and geography. Based on pigment type, the market is classified into inorganic pigments, organic pigments, and specialty pigments. Few of the inorganic pigments include carbon black, titanium dioxide, chromium oxide, and iron oxide. Quinacridone, Azo, and Phthalocyanine are some of the extensively used organic pigments. The specialty pigments segment includes fluorescent, metallic, light interference, and thermochromic pigments amongst others. On the basis of end-use, the global pigments market is categorized into construction materials, paints and coatings, plastics, and printing inks. Ceramic, glass, rubber, and paper are the other end-user segments in this market.

Geographically, the market research study segments the global pigments market into Asia Pacific, Europe, North America, Latin America, and Rest of the World. At present, the global chemicals market is witnessing surging demand which has a direct impact on the overall market for pigments. Owing to substantial rise in the GDPs of key markets such as China and the U.S., the global pigments market is anticipated to witness surging demand in the forthcoming years. High focus of pigment manufacturers on producing environment friendly chemicals due to regulatory interventions has a prominent impact on the global pigments market. Majority of the regulatory measures that are implemented in the global pigments market, focus on replacing conventional feedstocks with renewable ones. Stringent regulatory measures and rising raw material prices are the two main factors that hamper the growth of the pigments market.

About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Source: Transparency Market Research

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