Global Pigments Market – Global Industry Analysis, Size, Share, Trends, Growth and Forecast, 2012 - 2018
Albany, New York (PRWEB) August 15, 2013 -- According to a new market report published by Transparency Market Research "Pigments (Organic, Inorganic & Specialty) Market – Global Industry Analysis, Size, Share, Trends, Growth and Forecast, 2012 - 2018," the global pigments market revenues are expected to reach USD 14.7 billion in 2018, growing at a CAGR of 4.5% from 2013 to 2018. In terms of volumes, pigments demand is expected to reach 4.4 million tons by 2018. Specialty pigments market is expected to have fastest growth potential among the global pigments market, growing at a CAGR of 5.4% during the analysis period. Availability of large variety of products and ability to encompass high and unique visual effects is primarily fueling the growth of the specialty pigments market.
Related Report : Acrylic Acid Market; http://www.transparencymarketresearch.com/acrylic-acid-market.html.
Increasing demand for paints and coatings, particularly from key end-use industries such as construction, is expected to drive demand over the next five years. Fluctuating and volatile prices of key raw materials including benzene and toluene coupled with an increasingly stringent regulatory environment are critical challenges to this industry.
Inorganic pigments dominated the market, accounting for over 51% of the global demand in 2011. Specialty pigments are expected to be the most promising product segment, and are estimated to grow at a CAGR of 4.7% from 2013 to 2018. Under growing regulatory pressure, specialty and organic pigments are being increasingly investigated for substitution potential over their inorganic counterparts.
The paints & coatings industry continues to take away major share of the global pigments market, accounting for 38.5% of the overall end user market. This is mainly due to growth in this industry along with the preference of consumers towards unique optical effect colors in certain segments such as automobiles. The global paints and coatings end use market is projected to grow at a CAGR of 5.1% during the forecast period.
Related Report : Formaldehyde Market; http://www.transparencymarketresearch.com/formaldehyde-market.html.
Asia Pacific was the largest regional market for pigments, accounting for 40.7% of global demand in 2011. Major factors fuelling the growth of the Asia Pacific market is increasing spending capacity of consumers along with preference for high end products with attractive packaging. The Asia Pacific pigments market revenue is expected to reach market size of over USD 6.4 billion by 2018.
BASF SE occupies the major share of the global pigments market followed by Huntsman International LLC and Tronox, Inc. Market players continue to rely on the merger and acquisition strategy in order to expand their existing market further. The other players in the market include Clariant International Limited, DIC Corporation, Rockwood Holdings, Inc, Lanxess AG, Atlanta AG, Ferro Corporation and Merck. The global market for pigments has been categorized on the basis of product segments, applications as well as geography.
Browse Blog : http://nitinsirsat.blogspot.co.uk/.
This report titled ‘Pigments (Organic, Inorganic & Specialty) Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast, 2012 – 2018’, provides in depth analysis, market size estimates, market shares and forecast for the period 2013 – 2018 for the pigments market across the globe. The report analyzes regional markets for various segments of the pigments market based on product type, end-user industry and geography. The sub-segments of the pigments market – organic pigments, inorganic pigments and specialty pigments – are further segmented for additional cross sectional analysis.
Browse the full report at with TOC: http://www.transparencymarketresearch.com/pigments-market.html.
The market estimates and forecast are made after critical analysis of various macro and micro economic factors, which directly and indirectly influence the market trends. Inclusion of these factors has helped in estimation of numbers and in extending the scope of the report. Altogether, the report analyzes the market for five regions, namely – North America, Europe, Asia Pacific, Latin America and RoW.
The report also analyzes the various factors which will affect buying decisions, trends determining pigments market potential and the market attractiveness of individual pigments segments. The information will be helpful for pigments manufacturers and distributors in identifying markets with high potential. Market attractiveness for different segments of the pigments market is included in the report.
Browse All Market Research Reports: http://www.transparencymarketresearch.com/.
Sheela AK, Transparency Market Research, http://www.transparencymarketresearch.com, +1-518-618-1030, [email protected]
Share this article