Paint Pigments Market Research Report, By Forms (Liquid and Powder), by Mixture (Solvent, Binder and Pigment), By Application (Residential Coating, Architectural Products, Industrial Coatings (Automotive, Consumer Products, and Aerospace), Specialty Coatings and Others) - Forecast To 2022
Pune, India -- (SBWIRE) -- 01/17/2018 -- Market Research Future published a Half Cooked Research Report on "Global Paint Pigments Market Research Report - Forecast to 2022"– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
BASF SE (Germany), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Akzo Nobel N.V. (the Netherlands), Clariant (Switzerland), RPM International Inc. (U.S.), Tikkurila Oyj (Finland), KANSAI PAINT CO.,LTD (Japan), Kelly-Moore Paints (U.S.), Paint Dyes & Pigments LLC (U.S.) and Dunn-Edwards Corporation (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Paint Pigments Market.
Paint Pigments Market - Overview
The Global Paint Pigments Market is increasing with the rapid growth owing to the proliferation of Paints & Coatings industry. According to a recent study report published by the Market Research Future, The global market of Paint Pigments is anticipated to grow at impulsive rate over the forecast period. The market is forecasted to demonstrate a significant growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2022).
Globally, the market for Paint Pigments, Asia Pacific is set to be the fastest growing market in the coming years, owing to the rising demand for paint pigments based paints & coatings from construction and automobile industry. Paint Pigments are extensively used in the paints & coatings manufacturing to resist chemical attacks, discoloration, weather, and harsh temperatures.
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Increasing industrialization also increases the growth of protection Paints & Coatings for industrial machinery. Since, paint pigments possess resistive properties to especially chemical attacks and weather. Moreover growing industries such as Automobile, Aerospace and furniture provide impetus to the Paint Pigments Market growth.
Moreover, paint pigments upon exposing to critical temperatures they release harmful volatile paint compounds (VOCs) is expected to hamper the market growth.
Paint Pigment is a suspension of insoluble solid particles either in organic solvent or water solvent. Their main function is to have high colour retention capacity for the substrate and widely used as colorant in the Paints & Coatings Industry. Colour intensity, gloss, hiding power, light fastness and weathering resistance are the properties can be maximized by utilizing pigment dispersion based paints & coatings. Paint Pigments are used in paints, coatings, furniture, plastics, chemical industries, construction, and aerospace.
Market growth rate of Paint Pigments is increasing mainly due to their resistive properties towards acid, alkali, detergents and lubricants in chemical plants, and rising demand for UV protection coatings for aircraft carriers.
Paint Pigments Market - Competitive Analysis
The Paint Pigments Market appears to be competitive with the presence of several large and small players operating in the Paint Pigments Market. The key players are competing based on the paint pigments product's colour index and colour retention capacity. These pigments are widely applied in the paints & coatings industry and more often used for the architectural coatings purposes. BASF is able to penetrate into wide range of applications such food contact materials and toys despite the stricter regulations in European countries. This insight gives strong competition for the other manufacturers in order to sustain their global business.
Industry/ Innovation/ Related News:
September 2012 – Clariant, Switzerland based speciality chemicals manufacturer is the global leader in manufacturing paint pigments, has today announced to increase products prices globally for the products containing titanium dioxide and carbon black pigments (REMAFIN®, RENOL®, CESA®, HiFormer® & MEVOPUR®) by 5-10 % a price increase globally for all products containing titanium dioxide and/or carbon black pigments by between 5%-10%. This is anticipated to impact heavily on the company growth and future investments by customers.
January 2017 – Paint Dyes & Pigments LLC has acquired Eastern Color & Chemical Company and is looking forward to expand their market in the U.S. region. There is a high chance for the company to develop new products by exchanging the technology and deliver better quality products to the paint pigments to wide range of customers across this region.
March 2017 – Evonik Industries AG (Switzerland) is one of the leading producer of paints & coatings, has announced that they have found a new technology to increase the compatibility between pigment and substrate. Many pigments have good binding properties with almost all coatings except alkyd resin coatings remain unsolved. Unlike dyes, pigments do not readily bind with substrate as they are binded physically but not chemically. Evonik Industries AG introduced a new product TEGO® Color Aid which can be used in the formulation to increase the pigment concentrate, colour retention capacity and the binder strength. This cutting edge technology allows the Evonik Industries AG to penetrate into the present scenarios paints & coatings industry's problems and increase the number of paint pigments coatings application in various industries. This is also strongly going to impact other competitors to sustain in the global paint pigment coatings business.
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