DUBLIN, Mar. 13, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Pigments Market Size, Share, Development, Growth and Demand Forecast to 2022" report to their offering.

The global pigment market was valued at $17,587.6 million in 2015, and it is expected to grow at a CAGR of 6.8% during the forecast period.

Pigments are chemical compounds, which gives color to any materials, even to human tissues. In the coating and paint industry, they are usually used with water, oil or other base to produce paints and similar products. Pigments are totally different from phosphorescence, fluorescence and luminescence, which emit light.

On the basis of type the global pigment market has been broadly classified into organic, inorganic and specialty pigments. The compounds, such as phthalocyanine, phthalonitrile, quinacridone, azo compounds, calcium carbonate, antimony oxide, zinc oxide, etc are some examples of pigments that are being used in a wide range of industries. Among them, titanium dioxide has the highest demand in terms of consumption.

The major growth driving factors for the pigment industry include various environmental regulations concerning the use of eco-friendly or bio degradable products, growth of the end-user industry, along with the increasing demand for high performance pigments (HPP). The uses of specialty paints in vehicle coating purpose are being implemented by numerous automotive manufacturing companies, and the numbers are increasing day by day. The consumer demand for pure pigments is also increasing, due to its growing use in the cosmetic industry. In addition, the growing demand for titanium dioxide in automotive industry is expected to propel the growth of the pigment market.

In terms of volume, Asia-Pacific accounted for the largest share in the global pigment market in 2015. The major reason behind the growth of the market in the region include growing demand for pigments in the other Asia-Pacific countries, such as India, Indonesia, and Thailand, due to the growing demand for end-user applications, such as, paints & coatings, cosmetics, automobile, construction, and others.

Market Dynamics

Opportunities In The Global Pigments Market

Emerging Use Of Nanoparticles

Trends In The Global Pigments Market

• Major Operational Shift Toward Asia-Pacific
• Increased Use Of Eco-Friendly Organic Pigments
• Increasing Demand For High Performance Pigments

Factors Driving The Growth Of The Market And Its Impact On Market Forecast

• The Emerging Pigments Market In Asia-Pacific, Middle-East And Developing Nations
• Increasing Demand For Pigments From Various End-User Industries
• Impact Analysis Of Drivers On Global Pigments Market Forecast

Factors Hindering Growth Of The Global Pigments Market And Its Impact On The Market Forecast

• Volatility In Raw Material Prices
• Various Environmental Regulations
• Impact Analysis Of Restraints On Market Forecast

Company Profiles And Strategic Developments

• Basf Se
• Clariant Ag
• Huntsman International Llc.
• E I Dupont De Nemours And Company
• Lanxess Ag
• Sun Chemical Corporation
• Zhejiang Longsheng Group Co. Ltd
• Eckart Gmbh
• Dainichiseika Color & Chemicals Mfg. Co. Ltd.
• Kronos Worldwide, Inc.

For more information about this report visit http://www.researchandmarkets.com/research/5bk7x6/global_pigments

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SOURCE Research and Markets