Growing urbanization and infrastructure activities is anticipated to lift market growth for paints & coatings, printing inks, and plastics. Furthermore, shift in consumer preferences towards vibrant and eco-friendly colors is also driving the growth.
The global pigments market is expected to be valued at US$ 40 Bn by the end of 2025, wherein inorganic pigments accounts for the major portion of the market.
With a market share of more than 50%, Asia Pacific is anticipated to hold the highest volume share by 2025. It also projected to be largest production hub across all pigment categories by 2025.
In the inorganic pigments market, top 5 players accounted for more than 50% of the value share in 2019; while in organic & specialty segment, DIC held the highest market share in 2019.
Fairfield Market Research projects the global pigment market to grow with a CAGR of 3.6% by 2025, chiefly driven by robust outlook for specialty pigments.
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