Pigments Market 2015 Share, Trend, Segmentation and Forecast to 2023 Pigments Market - Global Industry Analysis, Size,

Pigments Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015
- 2023
Global Pigments Market Gains Impetus from Rising Construction Activities
Worldwide
The revival of the building and construction and automotive industries is a direct
consequence of the economic rebound. This spinoff will not only boost urbanization
worldwide, but it will also fuel demand from the paints and coatings industry. The
recovery of the automotive and construction industries is therefore perceived to be
a predominant driver of the globally increasing demand for pigments.
While experts project the global pigments market to exhibit 3.8% CAGR between
2015 and 2023 in terms of revenue, rising demand from the emerging economies
will prove a major boon for the global pigments market. Apart from the paints and
coatings industry, pigments sale is also expected to be boosted by the rising
demand for plastics and printing inks. Demand from the personal care industry is
also expected to aid the market’s expansion.
Although, the global pigments market sees attractive opportunities in the rise of
construction activities, saturated prospects for the industry in developed countries
will be of little help for companies looking to expand operations here. Stringent
regulations implemented to curb adverse effects of emissions from pigments on
health and environment are also considered as major bottlenecks for the market to
overcome during the forecast period.
Nevertheless, the increasing use of nanoparticles in pigments is anticipated to
provide fresh opportunities in the forthcoming years, enabling the market to reach a
valuation US$31,983.6 mn by 2023. In the base year of 2014, the global pigments
market was valued at US$22,864.6 mn in 2014.
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market.html
Paints and Coatings Industry to Emerge as Foremost Driver of Pigments
Sale
Growth witnessed by the paints and coatings industry in the last couple of years has
been impressive in emerging regions. Industrial development in emerging
economies has created greater opportunities for the industry, thus fuelling demand
for pigments. As per TMR analysis, per capita consumption of paints is expected to