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Paint Pigments Market Poised To Expand At 4.8 % Cagr During 2019 - 2022

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By Author: Market Research Future
Total Articles: 235
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Key Players

BASF SE, Dow Chemical Company, Huntsman Corporation, Nippon Kayaku Company, Cabot Corporation, Clariant, Sensient Technologies, Synthesia, Shanghai Road Dyestuffs & Chemicals, Evonik Degussa, Ei Dupont De Nemours, Dic Corporation are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Paint Pigments Market.

Global Paint Pigments Market Overview

According to a recent study report published by the Market Research Future, The global market of Paint Pigments has experienced an enormous growth over the past decade and is projected to gain prominence over the forecast period.
The Market is forecasted to witness a phenomenal growth by 2022; with a striking CAGR during forecast period 2016-2022 and the global market will grow at higher rate of around 4.8 % during the forecast years.

Infrastructure spending is likely to boost Paint Pigments market during the forecast period. Globally, the paint & coating market is boosting the overall market which in turn has created a platform for paint pigment manufacturers to cover the market. Increasing competition with some colour index types, the need for specialty products in specific applications and the further globalization of both the pigment supplier and customer base. Additionally, the increase in demand for environmental and regulatory information and a more environmentally aware market overall. Meanwhile, customers continue to desire pigments to help them reach new colour spaces with unique appearance to differentiate their products. The major trends and challenges influencing the global pigment market today include energy and TiO2 pricing. However, the challenge in the market is keeping ahead of these trends. For instance, the automotive market space continues to push the boundaries on performance and cost efficiency with primer-less and compact, low film build coatings. This challenges pigment manufacturers to produce high hide, durable pigments that do not adversely impact gloss.

Pigments provide other properties to paints than just colour and hiding power. Anti-corrosive pigments are a very important area of study. Steel is probably the metal most often requiring protection against corrosion and the development of pigments to inhibit the corrosion of steel has occupied chemists for many years. The anti-corrosive pigment which has been used for many years in red lead, Pb3O4. In combination with linseed oil, red lead has in the past been the standard anti-corrosive primer for iron and steel. Unfortunately, red lead is toxic and much research has been, and is still being, carried out worldwide to find anti-corrosive pigments which are as effective as red lead. Anti-corrosive pigments for iron and steel commonly in use include zinc phosphate, zinc chromate, zinc molybdate and barium metaborate, although alternatives to chromates are being sought as they are toxic and environmentally hazardous.

The metallic pigment has become of importance in recent years -. Many modern cars have metallic finishes and this appearance is due to the inclusion of finely divided aluminium. Bronze may also be used as a decorative pigment. Zinc and lead powders may also be used as pigments, but in this case the metal powder has anti-corrosive properties. Galvanic-type coatings containing zinc powder are an important tool in the protection of steelwork, and are the subject of continuous research and development.

Paint Pigments Market Competitive Analysis

Manufacturers continues to innovate the sustainable product portfolio to deliver solutions to customers and meet the needs of a dynamic market space. They respond to demands by adding functionality to their pigments portfolio. Manufacturers strive to offer a range of near infrared transparent and opaque pigments to aid in heat management and energy conservation, they ensure that their product offering also includes next generation pigments that are helping to replace pigments containing heavy metals or utilizing chrome treatments for improved weathering. Characterized by the presence of several well-established and small players, the global Market of Paint Pigments appears to be highly fragmented and competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. The Key players operating in the market compete based on pricing, product launch, technology launch, reputation and services.

Paint Pigments Market Segmentation

Paint Pigments Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation on the basis of Forms : Comprises Liquid and Powder and others.

Segmentation on the basis of Applications : Comprises Residential Coating, Architectural Products, Industrial Coatings (Automotive, Consumer Products, and Aerospace), Specialty Coatings and Others.

Segmentation on the basis of Mixtures : Comprises Solvent, Binder and Pigment.

Segmentation On the basis of Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Browse Report Summary @ https://www.marketresearchfuture.com/reports/paint-pigments-market

Paint Pigments Market Regional Analysis

Geographically, Asia-Pacific is expected to be the fastest growing as well as the largest market for paint pigment where both China and India’s contribution to the overall market has created several opportunities to the local as well as global players. North America and Europe would stand second and third rank in terms of value and volume.
APAC region will continue to be the growth motor of the Paint Pigments industry. Eastern Europe, the Middle East and South America will see demand rise as well and thus contribute to the positive development of the Paint Pigment industry. The rather saturated markets in Western Europe and North America will slowly return onto a growth path after they suffered losses in the past couple of years.

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