According to Fairfield, the pigment market will reach $40 billion in 2025. Find Out Why.

1. According to Fairfield, the pigment market will reach $40 billion in 2025. Find Out Why. The building and construction sector bounced back quickly after the epidemic, like a worker who took a power sleep and awoke rejuvenated and eager to pick up where they left off. Building and construction of pending projects not only resumed when the limitations were lifted. Construction projects are also on the rise across the world, resulting in constant expansion in linked businesses. If the current trend continues, expect a surge in the painting sector and pigment markets. After all, paints are used to keep structures secure from corrosion and dangerous substances and protect them from harsh weather conditions. They also contribute to the structures' beauty.

2. A new "Fairfield Industry Research report anticipates sustained growth of roughly 4.6 percent for the pigments market between 2021 and 2025, with a valuation of US$40 billion by the end of 2025," according to CoatingsWorld article. The following was found in the same study: The building and construction sector will most likely be the primary driver of the global pigments market's steady rise in the coming years. The growth in pigment sales can be ascribed to the "desirable aesthetics that they give painted surfaces," rather than just to preventing corrosion and preserving structures from dangerous elements. The digital printing sector is also predicted to have steady demand development. Organic pigment sales are expected to increase in accordance with the increased desire for eco-friendly materials in the building & construction, automotive, and printing industries. During the projected period, the pigments market would benefit from the fast-rising packaged food sector and a steady e-commerce boom.

3. Industrial painting and pigments The growth in construction projects will assist the paint and painting industries greatly. As more structures are built, the number of painting tasks increases. Because they are frequently involved in painting vast structures and surfaces, industrial painting contractors may be one of the largest consumers of pigment. Several builders and construction companies actively focus on strategic expansions and cooperation to improve their market position. Unfortunately, as demand grows, fluctuating raw material prices, supply chain instability, and high energy costs will continue to challenge. Some businesses have begun to investigate organic and (more) sustainable pigment manufacturing as a result of the strict regulatory regulations. PaintJet, for example, has the experience and technology to assist industrial painting contractors in meeting the industry's growing expectations. Painters can work better and quicker with our automation, which can be simply incorporated into their existing equipment. Painters will have safer alternatives with this while retaining productivity and quality of work. On the other hand, many businesses have been consciously lowering their reliance on China by seeking other service providers that can meet their demands and give the same or higher quality of work.