Market Research Report Global Pigments Market | Page 3

activities and automotive production in the region. North America witnesses significant
demand for pigments. The U.S. is considered a highly mature market for pigments in the
region. Growing plastics packaging industry, increasing plastics production, and the trend
of digital printing are expected to boost the demand for printing inks in North America
during the forecast period. Demand for pigments in Latin America and Middle East &
Africa is rising. Several manufacturers are striving to expand their business in these
regions to cater to the rising demand for paints, automotive refinishes, protective coatings,
printing inks, etc. in these regions.
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High degree of competition among established players
A large number of small- and large-scale manufacturers operate in the global pigments
market. These companies offer different types of pigments for various applications. Key
players profiled in the report on the global pigments market are The Chemours Company,
CRISTAL, Tronox Limited, BASF SE, LANXESS, Clariant International AG, Ferro
Corporation, KRONOS Worldwide Inc., Sun Chemical Corporation, Cathay Industries
Group, Heubach GmbH, Gharda Chemicals Limited, Sudarshan Chemical Industries
Limited, and Altana AG. A large number of pigment products are available for different
end-user industries. Market players are adopting strategies such as pricing and product
improvement to increase their profit margins and strengthen their market position.
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