The growing usage of pigments in various industries such as polymer, construction, automotive, and paints, is propelling their demand across the globe. Pigments are primarily needed in the paints, varnishes, and ink industry for adding color, which assists in transmitting or reflecting light. Moreover, pigments can modify or alter certain characteristics such as transparency, heat resistance, opacity, refractive index, pH value, and oil absorption. Because of these reasons, the sales of pigments are surging sharply around the world.
Besides the above-mentioned factors, the burgeoning requirement for high performance pigments (HPP) and the growing popularity of eco-friendly and biodegradable products, on account of the increasing environmental concerns being raised in several countries, are also fueling the sales of pigments across the world. Furthermore, the soaring requirement for specialty pigments, due to their mushrooming utilization in the cosmetics industry, is causing a massive rise in the global demand for pigments.
Moreover, the ballooning requirement for titanium dioxide in the automotive industry is significantly augmenting the worldwide sales of pigments. This is subsequently propelling the expansion of the global pigments market. Pigments are basically chemical substances that provide color to materials. They are usually used with water, oil, or any other base for producing paints or similar products in the paints and coatings industry. Organic, specialty, and inorganic are the three major types of pigments used across the world.
Out of these, the demand for inorganic pigments was the highest in the world during the last few years and this trend will continue in the coming years as well. The sales of organic pigments will also rise rapidly in the coming years, as per the estimates of the market research company, P&S Intelligence. Quinacridone, phthalocyanine, phthalonitrile, antimony oxide, azo compounds, calcium carbonate, titanium dioxide, and zinc oxide are some of the major pigment compounds used in various industries.
This was because of the rapid industrial development and urbanization in the regional countries such as India, Indonesia, and China. In the coming years, the demand for pigments will explode in North America. Clariant International Ltd., Zhejiang Longsheng Group Co. Ltd., E.I. du Pont de Nemours and Company, Dainichiseika Color & Chemicals Mfg. Co. Ltd., ECKART GmbH, Kronos Worldwide Inc., BASF SE, Huntsman International LLC., and Sun Chemical Corporation are some of the major pigments producing companies in the world.
Hence, it can be said with full confidence that the sales of pigments will rise sharply across the world in the forthcoming years, primarily because of their growing requirement in various end-use industries such as paints and coatings and automotive.
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