(PRWEB) July 11, 2014
Pigments are insoluble colorants, which usually consist of inorganic compounds. They have mainly three functions namely protective coating, opacity, and coloring. These are water and oil insoluble natural & synthetic materials that impart color to substances such as paper, paints, plastics, and concrete. Binders are used to hold the pigments, which upon application impart color to the substance. Some examples of pigments are titanium dioxide, zinc oxide, carbon black, and hematite.
The coloring action of pigments is due to the scattering of light (wavelength between 0.4 μm to 0.7 μm) falling on the surface of the material. Hence, the more light is scattered, the darker the substance appears to be.
In the North American region, TiO2 pigments holds the highest share of around 67% as of 2013, with a consumption of 988 thousand MT. The consumption will rise and reach to 1,099 thousand MT by 2018, at a CAGR of 2.1%, from 2013 to 2018. The North American market is expected to observe gains during the forecast years, 2013 to 2018, after the decline due to sustained growth in the U.S. housing sector.
Browse through the market data tables, figures and detailed ToC on the “Americas Pigments Market.”
Asia-Pacific Pigments Market
In the Asia-Pacific region, organic pigment demand was valued at 225 thousand MT in 2013, which is expected to reach 310 thousand MT by 2018, at a CAGR of 6.6%, from 2013 to 2018. The demand for organic pigments will increase from the inks and coatings sectors, as these have an ability to provide intense and bright colors.
European Pigments Market
The European pigment consumption was valued at 2,220 thousand MT in 2013, and is expected to reach 2,425 by 2018, at a CAGR of 1.8%, from 2013 to 2018. The European market can be segmented in terms of companies, applications, and ingredients. The major players in the European pigments market include ADCO Global Inc., ACE Geosynthetics Enterprise Co., Ltd., AICELLO CHEMICAL CO. LTD, Atul Limited, Cabot Corporation, Clariant International Ltd, DIC Corporation, E.I. du Pont de Nemours and Company (DuPont), Huntsman Corporation, Lanxess AG, Rockwood Holdings, Inc., and BASF, among others.
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