Pigments Market
Pigments Market to Witness Rising Demand for Eco-friendly and Organic Pigments during 2023 to 2033
Analysis of Pigments Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Pigments Market Growth Outlook (2023 to 2033)
Based on the analysis by Fact.MR, the global pigments market is valued to be US$ 39.8 billion in 2023 and it is anticipated to grow at a CAGR of 5.4% to reach US$ 67.4 billion by the end of 2033.
The pigments market is expected to grow in the coming years due to the increasing demand from end-use industries such as paints and coatings, plastics, and printing inks. These industries require pigments to enhance the color and durability of their products. The growing popularity of organic pigments, which are environmentally friendly and sustainable, is expected to further drive market growth.
| Report Attributes | Details |
|---|---|
| Pigments Market Size (2022A) | US$ 37.8 Billion |
| Estimated Market Value (2023E) | US$ 39.8 Billion |
| Forecasted Market Value (2033F) | US$ 67.4 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.4% CAGR |
| North America Market Share (2023) | 22.3% |
| Key Companies Profiled | Altana AG; Cathay Industries Group; DIC Corporation; Ferro Corporation; KRONOS Worldwide Inc.; Lomon Billions Group; TRONOX Holding PLC |
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Historic and Future Pathway Analysis for the Pigments Market
Technological advancements in pigment production and the increasing use of pigments in the food and beverage industry are expected to contribute to market growth. The influence of factors such as light, temperature, and pH on pigment stability and color is an area of active research and development, which may lead to new innovations and opportunities in the pigments market.
The increasing demand for pigments from emerging economies, such as India, China, and Brazil, is driving the growth of the global pigments market as these economies are witnessing immense growth in construction, automotive, and other end-use industries, thus, projecting high consumption patterns for the pigments.
- Short Term (2023 to 2026): The increasing awareness of environmental issues and the need for eco-friendly solutions are driving the shift towards water-based pigments. Water-based pigments are non-toxic and produce less waste, making them an attractive option for various industries, thus, driving the pigments market growth in the coming years.
- Medium Term (2026 to 2029): High-performance pigments offer better color stability, higher durability, and improved resistance to external factors such as light and heat. The increasing demand for high-performance pigments from industries such as automotive coatings, aerospace, and electronics is driving the growth of the pigments market during the forecast period.
- Long Term (2029 to 2033): Pigments are widely used in the packaging industry to enhance the visual appeal of products, improve branding, and increase product shelf life. The increasing demand for sustainable and eco-friendly packaging solutions is likely to drive the growth of the pigments market in the long run.
According to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 5.4% CAGR between 2023 and 2033.
Market Dynamics Outlook
“Water-based Pigments: A Step Towards Sustainability”
Water-based pigments are a type of pigment that is dispersed in water instead of oil or other solvents. They offer several advantages over traditional solvent-based pigments, such as being more environmentally friendly and easier to use. Water-based pigments are considered to be more environmentally friendly than solvent-based pigments. They produce less hazardous waste, emit fewer volatile organic compounds (VOCs), and have a lower carbon footprint.
As environmental regulations become increasingly strict worldwide, the demand for water-based pigments is expected to grow. In addition, water-based pigments are non-toxic and non-flammable, making them safer for use than solvent-based pigments.
They are also easier to clean up and less likely to cause skin or respiratory irritation. As health and safety concerns become more prevalent, particularly in the workplace, the demand for water-based pigments is expected to grow.
“Government Regulations to Hamper the Market Growth”
Increasing regulations and restrictions on the use of certain pigments due to their harmful effects on human health and the environment. This has led to a shift towards the use of eco-friendly and sustainable pigments, which are generally more expensive to produce and have a higher cost compared to traditional pigments.
The regulations and restrictions on pigments have also led to a decrease in the availability of certain types of pigments, which can affect market growth. For instance, some countries have banned the use of certain heavy metal-based pigments due to their toxicity, leading to a reduction in the supply of these pigments in the market. This has also led to a rise in the cost of production for manufacturers who need to use alternative, more expensive pigments.
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Country-wise Insights
Why is China Considered the Epicentre of Pigment Production & Consumption?
China's thriving economy and vast population make it a highly attractive market for pigment manufacturers. The country's GDP grew by 8.1% in 2021 and is projected to continue growing, driving increased demand for a range of products that require pigments, including paints and coatings, plastics, textiles, and printing inks.
- According to the National Bureau of Statistics of China, the country's pigment industry is experiencing significant growth, with a year-on-year increase of 18.6% in the first quarter of 2021. The industry's total sales revenue was CNY 23.5 billion, up 22.9% from the previous year.
The growth of the pigment industry in China is supported by the government's focus on promoting the development of high-value products and upgrading technology in the chemical industry. This focus is expected to further boost demand for pigments in the country. China's large and diverse economy offers many opportunities for pigment manufacturers to tap into new markets and expand their businesses.
Why Does Brazil have High Demand for Pigments?
Brazil has a high demand for pigments due to its large and diversified economy, which encompasses a broad range of industries that require pigments. For instance, the automotive industry, textile industry, and construction sector all rely heavily on pigments to produce their products. Brazil is also a significant producer and exporter of agricultural products, and pigments are widely used in agriculture for coloring fertilizers, pesticides, and animal feed.
Furthermore, Brazil has a growing middle class, which has led to increased demand for consumer goods that use pigments, such as cosmetics, personal care products, and food and beverages. The country's population growth and urbanization also contribute to the rising demand for pigments.
In recent years, there has been a growing focus on sustainability in Brazil, and pigments have become an essential component of sustainable practices. For instance, pigments are used in renewable energy technologies, such as solar panels and wind turbines, to enhance their efficiency and longevity. Additionally, pigments are used in environmentally friendly products, such as water-based paints and coatings, to reduce the use of harmful chemicals and promote eco-friendliness. Hence, Brazil has high growth potential for the pigments market players in coming years.
Category-wise Insights
Why are Azo Organic Pigments Gaining Traction in the Pigments Market?
Azo organic pigments are a type of organic pigment that contains the azo functional group (-N=N-) in their molecular structure. They are widely used in various applications due to their excellent color strength, brightness, and versatility.
Azo organic pigments offer a wide range of bright and vibrant colors, including yellows, oranges, reds, and purples. They are widely used in the manufacturing of inks, coatings, plastics, and textiles to provide excellent coloration and visual appeal. Azo organic pigments offer high stability, which means that they can withstand exposure to light, heat, and chemicals without degrading or fading. This property makes them highly durable and long-lasting in various applications.
Further, azo-organic pigments are generally more cost-effective than other types of pigments, such as phthalocyanine and quinacridone pigments. This is due to their high color strength, which means that less pigment is needed to achieve the desired coloration, resulting in lower production costs.
Hence, the demand for azo organic pigments is high among other available pigments due to their unique properties which make them highly desirable in various applications, resulting in increased demand for azo organic pigments.
How is the Paints & Coatings Industry Driving the Demand for Pigments?
Paints and coatings dominate the pigments market as they are the prominent consumers of pigments. Pigments are added to paints and coatings to give them color, opacity, and other desirable properties such as gloss or durability. Therefore, the demand for pigments is closely linked to the demand for paints and coatings.
The paints and coatings industry is one of the largest and fastest-growing industries globally. The growth of the construction industry, increasing urbanization, and rising consumer demand for durable and aesthetically pleasing products are driving the market growth of pigments. As the demand for paints and coatings increases, so does the demand for pigments, since they are essential components of these products.
Furthermore, the paints and coatings industry is constantly evolving, with new technologies and materials being developed to meet changing consumer needs and regulatory requirements. This creates opportunities for pigment manufacturers to develop new, innovative products that can help differentiate their offerings and capture a greater share of the market.
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Eminent Players Key Stratagems
Prominent pigments manufacturers are Altana AG, Cathay Industries Group, DIC Corporation, Ferro Corporation, KRONOS Worldwide Inc., Lomon Billions Group, and TRONOX Holding PLC
Manufacturers of pigments are strategizing on expanding their production capacity by investing more in production plants and focusing on product innovation.
For instances :
- In September 2022, Epsilon Carbon, a producer of carbon black used in black pigments, announced a plan to invest US$ 66.8 million to expand the capacity of its plant-based in Karnataka from 1,15,000 metric tonnes capacity to 2,25,000 metric tonnes.
- In November 2022, Cathay Industries entered into an agreement with Venator Materials PLC to purchase its iron oxide pigment business. Cathay Industries is a manufacturer of complete color solutions and a leader in the inorganic pigment industry.
Fact.MR has provided detailed information about the price points of key manufacturers of pigments positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Pigments Industry Research
-
By Product Type :
- Inorganic
- Titanium Dioxide
- Iron Oxide
- Carbon Black
- Chromium Compounds
- Others
- Organic
- Azo
- Phthalocyanine
- Quinacridone
- Others
- Specialty
- Classic Organic
- Metallic
- High-performance organic
- Light Interference
- Complex Inorganic
- Fluorescent
- Luminescent/phosphorescent
- Thermochromic
- Others
- Inorganic
-
By Application :
- Paints & Coatings
- Printing Inks
- Plastics
- Commodity
- Engineered
- Construction materials
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Inorganic
- 7.1.1. Titanium Dioxide
- 7.1.2. Iron Oxide
- 7.1.3. Carbon Black
- 7.1.4. Chromium Compounds
- 7.1.5. Others
- 7.2. Organic
- 7.2.1. Azo
- 7.2.2. Phthalocyanine
- 7.2.3. Quinacridone
- 7.2.4. Others
- 7.3. Specialty
- 7.3.1. Classic Organic
- 7.3.2. Metallic
- 7.3.3. High-performance organic
- 7.3.4. Light Interference
- 7.3.5. Complex Inorganic
- 7.3.6. Fluorescent
- 7.3.7. Luminescent/phosphorescent
- 7.3.8. Thermochromic
- 7.3.9. Others
- 7.1. Inorganic
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Paints & Coatings
- 8.2. Printing Inks
- 8.3. Plastics
- 8.3.1. Commodity
- 8.3.2. Engineered
- 8.4. Construction materials
- 8.5. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Altana AG
- 18.2. Cathay Industries Group
- 18.3. Chemours
- 18.4. DIC Corporation
- 18.5. Ferro Corporation
- 18.6. Heubach GmbH
- 18.7. KRONOS Worldwide Inc.
- 18.8. LANXESS
- 18.9. Lomon Billions Group
- 18.10. TRONOX Holding PLC
- 18.11. Venator
- 18.12. Other Prominent Players
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) by Region, 2018 to 2022
Table 02. Global Market Value (US$ million) and Forecast by Region, 2023 to 2033
Table 03. Global Market Volume (Tons) by Region, 2018 to 2022
Table 04. Global Market Volume (Tons) and Forecast by Region, 2023 to 2033
Table 05. Global Market Value (US$ million), By Product Type, 2018 to 2022
Table 06. Global Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 07. Global Market Volume (Tons), By Product Type, 2018 to 2022
Table 08. Global Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 09. Global Market Value (US$ million), By Application, 2018 to 2022
Table 10. Global Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 11. Global Market Volume (Tons), By Application, 2018 to 2022
Table 12. Global Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 13. North America Market Value (US$ million), by Country, 2018 to 2022
Table 14. North America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 15. North America Market Volume (Tons), by Country, 2018 to 2022
Table 16. North America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 17. North America Market Value (US$ million), By Product Type, 2018 to 2022
Table 18. North America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 19. North America Market Volume (Tons), By Product Type, 2018 to 2022
Table 20. North America Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 21. North America Market Value (US$ million), By Application, 2018 to 2022
Table 22. North America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 23. North America Market Volume (Tons), By Application, 2018 to 2022
Table 24. North America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 25. Latin America Market Value (US$ million), by Country, 2018 to 2022
Table 26. Latin America Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 27. Latin America Market Volume (Tons), by Country, 2018 to 2022
Table 28. Latin America Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 29. Latin America Market Value (US$ million), By Product Type, 2018 to 2022
Table 30. Latin America Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 31. Latin America Market Volume (Tons), By Product Type, 2018 to 2022
Table 32. Latin America Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 33. Latin America Market Value (US$ million), By Application, 2018 to 2022
Table 34. Latin America Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 35. Latin America Market Volume (Tons), By Application, 2018 to 2022
Table 36. Latin America Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 37. Europe Market Value (US$ million), by Country, 2018 to 2022
Table 38. Europe Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 39. Europe Market Volume (Tons), by Country, 2018 to 2022
Table 40. Europe Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 41. Europe Market Value (US$ million), By Product Type, 2018 to 2022
Table 42. Europe Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 43. Europe Market Volume (Tons), By Product Type, 2018 to 2022
Table 44. Europe Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 45. Europe Market Value (US$ million), By Application, 2018 to 2022
Table 46. Europe Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 47. Europe Market Volume (Tons), By Application, 2018 to 2022
Table 48. Europe Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 49. East Asia Market Value (US$ million), by Country, 2018 to 2022
Table 50. East Asia Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 51. East Asia Market Volume (Tons), by Country, 2018 to 2022
Table 52. East Asia Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 53. East Asia Market Value (US$ million), By Product Type, 2018 to 2022
Table 54. East Asia Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 55. East Asia Market Volume (Tons), By Product Type, 2018 to 2022
Table 56. East Asia Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 57. East Asia Market Value (US$ million), By Application, 2018 to 2022
Table 58. East Asia Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 59. East Asia Market Volume (Tons), By Application, 2018 to 2022
Table 60. East Asia Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 61. South Asia & Oceania Market Value (US$ million), by Country, 2018 to 2022
Table 62. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 63. South Asia & Oceania Market Volume (Tons), by Country, 2018 to 2022
Table 64. South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 65. South Asia & Oceania Market Value (US$ million), By Product Type, 2018 to 2022
Table 66. South Asia & Oceania Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 67. South Asia & Oceania Market Volume (Tons), By Product Type, 2018 to 2022
Table 68. South Asia & Oceania Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 69. South Asia & Oceania Market Value (US$ million), By Application, 2018 to 2022
Table 70. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 71. South Asia & Oceania Market Volume (Tons), By Application, 2018 to 2022
Table 72. South Asia & Oceania Market Volume (Tons) and Forecast By Application, 2023 to 2033
Table 73. MEA Market Value (US$ million), by Country, 2018 to 2022
Table 74. MEA Market Value (US$ million) and Forecast by Country, 2023 to 2033
Table 75. MEA Market Volume (Tons), by Country, 2018 to 2022
Table 76. MEA Market Volume (Tons) and Forecast by Country, 2023 to 2033
Table 77. MEA Market Value (US$ million), By Product Type, 2018 to 2022
Table 78. MEA Market Value (US$ million) and Forecast By Product Type, 2023 to 2033
Table 79. MEA Market Volume (Tons), By Product Type, 2018 to 2022
Table 80. MEA Market Volume (Tons) and Forecast By Product Type, 2023 to 2033
Table 81. MEA Market Value (US$ million), By Application, 2018 to 2022
Table 82. MEA Market Value (US$ million) and Forecast By Application, 2023 to 2033
Table 83. MEA Market Volume (Tons), By Application, 2018 to 2022
Table 84. MEA Market Volume (Tons) and Forecast By Application, 2023 to 2033
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 03. Global Market Value (US$ million) and Volume (Tons) by Region, 2023 & 2033
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2023 to 2033
Figure 05. Global Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 06. Global Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 07. Global Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 08. Global Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 09. North America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 11. North America Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 12. North America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 13. North America Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 14. North America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 15. North America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 16. North America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 17. North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 18. North America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 19. North America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 20. Latin America Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 22. Latin America Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 23. Latin America Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 24. Latin America Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 25. Latin America Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 26. Latin America Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 27. Latin America Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 28. Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 29. Latin America Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 30. Latin America Market Attractiveness Analysis By Application, 2023 to 2033
Figure 31. Europe Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 33. Europe Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 34. Europe Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 35. Europe Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 36. Europe Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 37. Europe Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 38. Europe Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 39. Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 40. Europe Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 41. Europe Market Attractiveness Analysis By Application, 2023 to 2033
Figure 42. East Asia Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 44. East Asia Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 45. East Asia Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 46. East Asia Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 47. East Asia Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 48. East Asia Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 49. East Asia Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 50. East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 51. East Asia Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 52. East Asia Market Attractiveness Analysis By Application, 2023 to 2033
Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 55. South Asia & Oceania Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 57. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 59. South Asia & Oceania Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 61. South Asia & Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 63. South Asia & Oceania Market Attractiveness Analysis By Application, 2023 to 2033
Figure 64. MEA Market Value (US$ million) and Volume (Tons) Forecast, 2023 to 2033
Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2023 to 2033
Figure 66. MEA Market Value (US$ million) and Volume (Tons), by Country, 2023 & 2033
Figure 67. MEA Market Y-o-Y Growth Rate by Country, 2023 to 2033
Figure 68. MEA Market Value (US$ million) and Volume (Tons) By Product Type, 2023 & 2033
Figure 69. MEA Market Y-o-Y Growth Rate By Product Type, 2023 to 2033
Figure 70. MEA Market Value (US$ million) and Volume (Tons) By Application, 2023 & 2033
Figure 71. MEA Market Y-o-Y Growth Rate By Application, 2023 to 2033
Figure 72. MEA Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73. MEA Market Attractiveness Analysis By Product Type, 2023 to 2033
Figure 74. MEA Market Attractiveness Analysis By Application, 2023 to 2033
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- FAQs -
What was the Global Pigments Market Size Reported by Fact.MR for 2022?
The global pigments market size reported by Fact.MR for 2022 was US$ 37.8 billion.
What is the Global Pigments Market Estimated to Reach in 2033?
The global pigments market size is estimated to reach US$ 67.4 billion in 2033.
What is the Projected CAGR for the Global Pigments Market from 2023 to 2033?
The projected CAGR for the global pigments market from 2023 to 2033 will be 5.4%.
Who are the Major Players in the Pigments Market?
Market players include KRONOS Worldwide Inc., Lomon Billions Group, and TRONOX Holding PLC which are majorly operating and dominating in the market.
What are the Factors Driving the Pigments Sales Growth During the Forecast Period?
Factors such as growing demand for pigments from the expanding paints and coatings industry are anticipated to drive the demand for pigments.
Pigments Market