Global Pigments Market Size to Hit the US$40 Bn Mark by

London, Sept. 29, 2022 (GLOBE NEWSWIRE) — Significant demand generated from key end-use industries like paints and coatings, leather, plastics, and paper, continues to drive sales of pigments worldwide. Fairfield Market Research in its recently released report states that the global pigments market has been progressing at a stable pace and the trend will continue throughout the period projection, 2021 – 2025. Manufacturers of printing inks are also likely to generate sizeable demand for pigments, in turn driving the growth of market in the near future. Exhibiting the estimated growth of over 4.5% during the stipulated period, pigments market is projected to reach the revenue of around US$40 Bn by 2025 end.

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Key Research Insights

• Global pigments market size to expand at a steady 4.6% CAGR during 2021 – 2025
• Sales of TiO₂ sales dominant, accounting for over 65% of global pigment demand
• Demand from paints and coatings industry accounts for more than 50% of global pigment demand

Insights into Segmental Analysis

Global pigment production volume reached around 10 MT in 2018 and titanium dioxide recorded to be the bestselling inorganic pigment category. Besides, iron oxide, and carbon black were also estimated to be among the widely used inorganic pigments in global pigments market. While TiO₂ continues to hold its dominance in terms of sales that account for over 65% share of the total demand, the market will also witness gradual rise of the other two segments, i.e., organic, and specialty pigments. Moreover, eco-friendly pigments are also likely to gain traction given the growing interest of consumer industries worldwide. In terms of end-use, pigment consumption by paints and coatings manufacturers is expected to account for more than half the global demand. While this is clearly attributable to rapid expansion of the building and…