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Pigments Market to Come out with Flying Colors as Developing Economies Witness Surge in Building and Construction Activities


Albany, NY -- (SBWIRE) -- 11/09/2018 -- announced the addition of a new research report to its repository. The research report, titled "Pigments Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026", allows readers to get a clear insight of the strengths, weaknesses, threats, and opportunities that this market has. Analysts have compiled this research report using primary and secondary research methodologies to offers the readers an holistic outlook.

The global market for pigments is projected to grow at a healthy CAGR in the coming years as their demand in various end-user industries continues to be on the rise. The obvious reason for the growth of the global pigments market is the increasing consumption of paints and coatings. Various types of pigments such as metallic and non-metallic, which are essentially derived from organic or in-organic sources. The wide spectrum of colors and constant addition to it has made pigments crucial to the paint industry. Today, paints and coatings are used in many industries, which in turn has upped the consumption for pigments.

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The end users in the global pigments market are construction materials, printing inks, paints and coatings, and plastics amongst others. Out of these, the paints and coatings segment is projected to lead the global pigments market as it promises to register a CAGR of 4.8% between 2018 and 2026. The segment will be driven by the rise in construction activities, overhauling and preservation of buildings, and increasing disposable incomes which is allowing consumers to spend on paints and coatings. Plastics has also been identified as another key segment in the global pigments market as it continues to be an indispensable material.

Geographically, the global pigments market is segmented into North America, the Middle East & Africa Europe, Latin America, and Asia Pacific. Analysts anticipate that Asia Pacific is expected to lead the global market in terms of demand as the region is witnessing massive infrastructural changes, rapid urbanization, and industrialization. Increasing building and construction activity is also expected to have a positive impact on the demand for paints and coatings, which in turn will raise the uptake of pigments in the coming years across Asia Pacific. Emergence of the automotive sector in the developing economies of China and India is also projected to lead to massive demand for pigments as paints and coatings remain an integral market of automobile manufacturing.

Some of the leading players operating in the global pigments market are The Chemours Company, Tronox Limited, CRISTAL, BASF SE, Sun Chemical Corporation, Clariant International AG, LANXESS, Ferro Corporation, KRONOS Worldwide Inc., Heubach GmbH, Cathay Industries Group, and Gharda Chemicals Limited. The research report offers a detailed understanding of the competitive landscape present in the global pigments market. It evaluates the financial outlooks of these companies, their research and development statuses, and their expansion plans for the coming years. The publication also offers an insightful take on the recent developments, business strategies, and lucrative investment opportunities for market enthusiasts.