Transparency Market Research, in its latest research report states, the global pigments market was valued at $17.9 billion in 2009. However, this market is expected to grow at a CAGR of 5.3% from 2013 to 2018. The report "Pigments (Organic, Inorganic & Specialty) Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2012 - 2018" is available for sale on the company's website.
Pigments form an integral component of the colorant industry. They are mainly categorized as inorganic pigments, specialty pigments, and organic pigments. To make their identification even more easy these pigments are further divided on the basis of their number, color, and chemical name. The main factors contributing to the growth of global pigments market is a huge array of products and their capability of providing desired visual effects. These pigments are in effect responsible for colors visuals and visualizations receive.
However, the global pigments market does face its set of market inhibitors such as volatile nature of raw materials, rising demands by customers for pigment purity and its safety, growing energy efficient solutions, tightening grip of governmental regulations with regards to production of pigments, and preference of solvent-borne and water-borne dispersions as compared to pigment powders. In fact, market research report on global pigments markets suggests, as measures are getting streamlined and production optimized, more and more customers are picking solvent-borne paint and water-borne paint as compared pigment powders. This inclination is expected to remain steady in the coming years. The demand for water-borne paint will grow exponentially as new coating technology it uses promises a better performance.
The report makes a careful scrutiny of the market segmentation of global pigments market. It studies the market depending on the region, the products, and their application. In terms of geography, the report analyzes the market based on five regions, which are North America, Europe, Latin America, Asia Pacific, and Rest of the World. Additionally, the report makes an analysis of factors that are affecting buyers' sentiments, determining the sellers' quotations, assessing the intensity of the competition, and rationalizing the possible effects of substitute products on the market. This information is of crucial for pigment manufacturers and distributors as it will help them identify the potential markets to expand the horizons of their business.
To help its readers to know the global pigments market better, the report profiles some of the key players of the market. In addition, the report also equips the reader with crucial strategies of the companies, their financial overview, their plans for the coming years, and their product line. The report is complete with a Porter's five forces analysis and SWOT analysis to map the growth of the global pigments market.
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