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Last updated on April 19, 2014 at 21:20 EDT

Global Pigments Market is Expected to Reach USD 14.7 Billion in Terms of Revenue and 4.4 Million Tons in Terms of Volume by 2018: Transparency Market Research

March 12, 2013

NEW YORK, March 12, 2013 /PRNewswire/ –

According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) “Pigments (Organic, Inorganic & Specialty)
Market – Global Industry Analysis, Size, Share, Trends, Growth and Forecast, 2012 – 2018,”
the global pigments market revenues are expected to reach USD 14.7 billion in 2018,
growing at a CAGR of 4.5% from 2013 to 2018. In terms of volumes, pigments demand is
expected to reach 4.4 million tons by 2018. Specialty pigments market is expected to have
fastest growth potential among the global pigments market
[http://www.transparencymarketresearch.com/pigments-market.html ], growing at a CAGR of
5.4% during the analysis period. Availability of large variety of products and ability to
encompass high and unique visual effects is primarily fueling the growth of the specialty
pigments market.

Browse the full report at

http://www.transparencymarketresearch.com/pigments-market.html

Increasing demand for paints and coatings, particularly from key end-use industries
such as construction, is expected to drive demand over the next five years. Fluctuating
and volatile prices of key raw materials including benzene and toluene coupled with an
increasingly stringent regulatory environment are critical challenges to this industry.

Inorganic pigments dominated the market, accounting for over 51% of the global demand
in 2011. Specialty pigments are expected to be the most promising product segment, and are
estimated to grow at a CAGR of 4.7% from 2013 to 2018. Under growing regulatory pressure,
specialty and organic pigments are being increasingly investigated for substitution
potential over their inorganic counterparts.

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The paints & coatings industry continues to take away major share of the global
pigments market, accounting for 38.5% of the overall end user market. This is mainly due
to growth in this industry along with the preference of consumers towards unique optical
effect colors in certain segments such as automobiles. The global paints and coatings end
use market is projected to grow at a CAGR of 5.1% during the forecast period.

Asia Pacific was the largest regional market for pigments, accounting for 40.7% of
global demand in 2011. Major factors fuelling the growth of the Asia Pacific market is
increasing spending capacity of consumers along with preference for high end products with
attractive packaging. The Asia Pacific pigments market revenue is expected to reach market
size of over USD 6.4 billion by 2018.

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BASF SE occupies the major share of the global pigments market followed by Huntsman
International LLC and Tronox, Inc. Market players continue to rely on the merger and
acquisition strategy in order to expand their existing market further. The other players
in the market include Clariant International Limited, DIC Corporation, Rockwood Holdings,
Inc, Lanxess AG, Atlanta AG, Ferro Corporation and Merck. The global market for pigments
has been categorized on the basis of product segments, applications as well as geography.
This categorization is explained in detail below.

Pigments market – By product type

        - Organic Pigments

Azo

Phthalocyanine

Quinacridone

        - Inorganic Pigments

Titanium Dioxide

Iron Oxide

Cadmium Pigments

Carbon Black

Chromium Oxide

Other inorganic pigments (Chromate, ultramarine)

        - Specialty Pigments

Classic Organic

Metallic

High performance organic

Light Interference

Complex Inorganic

Fluorescent

Luminescent/phosphorescent

Thermochromic

Pigments market – By application

        - Paints & Coatings
        - Printing Inks
        - Plastics
        - Construction Materials
        - Other (Rubber, Paper, Glass and Ceramic)

Pigments market – By geography

        - North America
        - Europe
        - Asia Pacific
        - Latin America
        - RoW (Rest of the World)

Browse all Chemical Industry Research Reports @

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