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Pigments Market Size Is Predicted to Grow Significantly in The Coming Years, Asia Pacific To Be Major Revenue Contributor

Author : Ronak Bora | Published Date : 2019-08-09 

In 2017, Asia Pacific was having the major share in pigments market and it is likely to grow with a significant CAGR over the forecast timespan. This can be attributed to the increasing disposable income of consumers which has majorly driven construction market in this region. North America had a significant share in colorant market and shall grow with a prominent CAGR in the coming years.

Pigments market size demand is driven by growing applications in plastics and paint and coatings industries. These two industries are likely to create major chunk of product demand in North America. Established automobile manufacturing industry in the U.S. shall show a moderate product demand during the forecast timespan.

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Speaking along similar lines, in a bid to sustain in the fiercely competitive scenario, some of the contenders of pigments market share are also focusing on strengthening their distribution network for a better market hold. Terra Firma’s recent expansive partnership with Ferro’s Pigment Division is an exemplar precedent depicting the same. Reportedly, the U.S. based pigment supplier has chosen Terra Firma to represent its full product lines across Southeast, in effect from July this year. The private equity firm would be also distributing Ferro’s recently acquired Cappelle line of technologies across the Southeastern and Northeastern belt of U.S, effective from August this year. Allegedly, the deal encompasses Ferro’s full dry pigment range that include Nubiola, Ferro, and Cappelle. The deal, as per experts’ opinion, would substantially enhance Ferro Pigment Division’s stance in the global pigments market.

The pigments market is having presence of giant multinational and medium-scale players. Many of them have their own distribution channel and supply network. Major players operating in the market are BASF SE, Cristal, Clariant AG, Carl Schlenk AG, Cathay Industries Group, Tronox Limited, Tokan Material Technology Co., Ltd, Pidilite Industries Limited, Merck Group, LANXESS AG, Ferro Corporation, DIC Corporation and Huntsman Corporation. Major players in the industry are involved in merger & acquisition strategy to increase their customer base and product range. For instance, Clariant AG in May 2017, agreed to buy Huntsman Corporation for USD 6.4 billion. This merger will help Clariant to further expand its global footprint in strategically important Chinese and American market.

German chemical giant BASF has recently come up with its latest breakthrough product in pigments market. The globally acclaimed player has unveiled a revolutionary stir-in-pigment that claims to offer enhanced color depth, sparkle, and flop for automotive coatings applications. Christened as expand!™ Red (EH 3427), this groundbreaking pigment technology is reportedly the first pigment resulting from the strategic partnership between BASF and Landa Labs, which got through last year. Launched at the American Coatings Show this year, the full-fledged commercialization of the technology is certain to bring forth a disruption of sorts in the automotive coatings landscape. Not only this, the latest innovation is also claimed to have added a dynamism to the competitive terrain of the pigments market.

 

Glimpse of Table of Content (ToC)

Chapter 3. Pigments Market Insights

3.1.  Pigments Market segmentation

3.2.  Pigments Market size and forecast, 2014 - 2025

3.3.  Pigments Market ecosystem analysis

3.3.1.   Raw material analysis

3.3.2.   Manufacturing trends

3.3.3.   Profit margin

3.3.4.   Value addition

3.3.5.   Distribution channel analysis

3.3.6.   Vendor matrix

3.3.6.1.   List of key raw material suppliers

3.3.6.2.   List of key manufacturers/distributors

3.3.6.3.   List of key/potential customers

3.4.  Innovation & sustainability

3.4.1.   Patent analysis

3.4.2.   Technology landscape

3.4.3.   Production process

3.4.4.   Comparison of manufacturing techniques

3.4.5.   Future trends

3.5.  Industry impact forces

3.5.1.   Growth drivers

3.5.1.1.   Global drivers

3.5.1.2.   Regional drivers

3.5.2.   Industry pitfalls & challenges

3.6.  Regulatory landscape

3.6.1.   U.S.

3.6.2.   Europe

3.6.3.   China

3.7.  Growth potential analysis

3.8.  Regional price trends

3.8.1.   Cost structure analysis

3.8.1.1.   R&D cost

3.8.1.2.   Manufacturing & equipment cost

3.8.1.3.   Raw material cost

3.8.1.4.   Distribution cost

3.8.1.5.   Operating cost

3.8.1.6.   Miscellaneous cost

3.8.2.   Price by product

3.8.3.   Price by application

3.9.  Competitive landscape, 2017

3.9.1.   Company market share analysis, 2017

3.9.1.1.   Global

3.9.1.2.   Regional

3.9.2.   Brand analysis

3.9.3.   Key stakeholders

3.9.4.   Strategic dashboard

3.10.    Porter’s analysis

3.10.1.   Supplier power

3.10.2.   Buyer power

3.10.3.   Threat of new entrants

3.10.4.   Threat of substitutes

3.10.5.   Industry rivalry

3.11.    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/pigments-market

 

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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