Global Pigments Market to Reach US$ 43,191.69 MN
By 2026
The global pigments market was valued at US$ 29,049.45 Mn in 2017 and is anticipated
to expand at a CAGR of 4.5% from 2018 to 2026, according to a new report published by
Transparency Market Research (TMR) titled ‘Pigments Market: Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast, 2018–2026.’ The global pigments market is
driven by rise in the demand for paints and coatings. Asia Pacific accounts for a major
share of the global pigments market, due to increase in the demand for paints and
coatings in the region.
Increase in consumption of paints and coatings to drive market
Paints and coatings are used to decorate and protect objects that they cover. Paints and
coatings are employed in various end-user industries such as aerospace, automotive,
architectural & refinishing, and building & construction. Pigments used in paints and
coatings offer key attributes such as color strength, coverage, durability, chemical
inertness, light and weather fastness, and good environmental performance. Pigments
have anticorrosive properties that make them suitable for use in direct-to-metal,
automotive, and industrial coatings. Rise in population coupled with increase in per capita