The global synthetic pigments market was worth $27.55 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 11% and reach $40.84 billion by 2023.
Synthetic Pigments Market Global Report 2020 from the author provides the strategists, marketers and senior management with the critical information they need to assess the global synthetic pigments market.
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The synthetic pigments market consists of the sales of synthetic pigments and related services that is used in the field of paints, inks, plastics containing insoluble materials and minerals to endure high heat, intense light and exposure to weather or chemical agents.
The synthetic pigments market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. In 2019, Asia Pacific accounts for around 45% of the market.
The synthetic pigments market covered in this report is segmented by type into inorganic pigments, organic pigments . It is also segmented By end use industry into paints and coatings, plastics , printing inks , textiles , cosmetics and personal care, others
The demand for high performance pigments and advanced technology engineered pigments such as cool pigments, nano pigments and pigments made from superior dispersion technologies is expected to drive the synthetic pigments market. These new and advanced pigments have the capability to cater to the fast-growing novel end-use industries and technologies such as 3D-printing, automotive industry, and others. For instance, in 2017, DIC Corporation, a Japan-based chemical company launched Sunbrite Yellow 74, an azo based high performance pigment in the market. High performance pigments are becoming more affordable and their market share is expected to increase rapidly.
Recently, there has been an increasing migration of manufacturing capacities from the West to low-cost countries in the Asia-Pacific region. This is mainly due to stringent environmental compliance in Europe and North America. Gradually maturing production technologies and the presence of strong downstream customer bases within countries such as China and India have been propelling the demand for pigments in these countries in recent years. Examples of companies that have moved their manufacturing facilities to the Asia region are Huntsman Corp, DyStar and Clariant.
DIC Corporation, a Japanese chemical company is set to acquire BASF a German based chemical company for $1.27 billion (Euro 1.15 billion) on cash and debt-free basis. Acquisition of BASF will strengthen DIC corporation in global pigments business. BASF, a largest producer of chemicals, well known for portfolio in segments such as chemicals, materials, industrial solutions, surface technologies, nutrition & care and agricultural solutions.
Major players in the market are BASF SE, Archroma, DyStar, Huntsman, Clariant, Synthesia, Cromatos, Atul, Waterside colours, DIC Corp.
Key Topics Covered:
1. Executive Summary
2. Synthetic Pigments Market Characteristics
3. Synthetic Pigments Market Size And Growth
3.1. Global Synthetic Pigments Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Synthetic Pigments Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Synthetic Pigments Market Segmentation
4.1. Global Synthetic Pigments Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Inorganic Pigments
- Organic Pigments
4.2. Global Synthetic Pigments Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Paints And Coatings
- Printing Inks
- Cosmetics And Personal Care
5. Synthetic Pigments Market Regional And Country Analysis
5.1. Global Synthetic Pigments Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Synthetic Pigments Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- BASF SE
- Waterside colours
- DIC Corp.
- Lanxess AG
- DupontMerck KGAA
- OCI Company Ltd
- The Chemours Company
- Venator Materials PLC
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