Pigments (Organic, Inorganic & Specialty) Market - Global Industry Analysis, Size, Share, Trends, Growth And Forecast 2012 - 2018
Albany, NY -- (SBWIRE) -- 10/08/2014 -- The global pigments market recorded a market value of $17.9 billion in 2009. With a current CAGR of 5.3%, the pigments market’s value is expected to reach a substantial point that can be considered as favorable growth.
Market Segmentation and Uses :
Pigments form the core component of the colorants industry. The general types of pigments may be classified into organic pigments, inorganic pigments and specialty pigments. Further categorization can be done using the above segments as umbrella groups and further segmenting the market using applications and geography. The market can be fragmented accordingly.
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The organic pigments market consists of:
The inorganic pigments market consists of:
- Carbon black
- Iron oxide
- Titanium dioxide
- Chromium oxide
- Cadmium pigments
- Other inorganic pigments
The specialty pigments market consists of:
- Classic organic
- High performance organic
- Complex inorganic
- Light interference
Specialty pigments are actually a category of color additives that are used to improving a product’s value and performance in their application areas. They are quite popular among costumers due to their metallic effect and special color-shifting effects. Their primary use is in high-end products and attractive packaging. Their main areas of application include plastics, paints and coatings, cosmetics, printing inks, and toiletries.
According to application, the pigments market can be categorized into paints and coatings, plastics, printing inks, construction materials, rubber, paper, glass, ceramic, and others.
To make the identification of the pigments easier, they are also classified according to a fixed system of numbers, chemical names, or even colors. The vast variety of pigments available in the market today is the sole reason for such a diverse categorization of the market. The wide array of pigments is used to enhance display characteristics of an object and offer visually different variants.
Pigments Market Inhibitors and Drivers :
The new coating technology used in water-borne paint is expected to drive this particular segment exponentially in the near future. This will create a growing restriction on the pigments market. Other inhibitors for the pigments market are the volatile nature of raw materials, growing need for more energy efficient solutions, increasing customer awareness regarding pigment safety and purity, and government regulations. All these factors, coupled with the growing preference of solvent-borne and water-borne dispersions over pigment powders are creating a constricting scope in the pigments market. The preference of water-borne paint is expected to continue over time, causing growth issues for the pigments market.
Enhanced visual appeal is the key driving factor for the pigments market, especially in the specialty pigments sector. Their eye-catching and attractive nature of product packaging helps increase product sales, thereby increasing demand within the pigments market. Another driving factor for the pigments market is the growth of relevant industries that they are used in. All consumer markets that rely on improving product aesthetics by increasing brightness and pigment concentration contribute largely towards the growth of the pigments market. Due to this, the market is expected to propel itself at a steady and positive rate. The market is also experiencing a shift towards high-performance metal-based inorganic pigments, which could be focused on to increase overall revenue.
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In conclusion, barring the regulatory activities of governing bodies, developed countries can promote growth of the pigments market by providing more research in creating safer and a wider range of pigments in terms of color. The EU contains one of the most active bodies of regulation. They have already imposed restrictions on the use of lead and cadmium pigments and their compounds, certain aromatic amines and their salts. Such control should only necessitate the creation of better and safer pigment compounds.
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