Market Overview and Trends in Pigments Industry

1. Market Overview and Trends in Pigments Industry Well, if you are looking at this article, then I am sure you are searching for China Pigment Manufacturers in the market? The market demand for pigments is expected to register a CAGR of over 5% throughout the forecast period. The major factors driving the pigment market studied are rising demand from the paints, plastic, and coatings industry in Asia- Pacific and consistent industrial developments in the Middle East regions. Many factors such as powerful government regulations are expected to restrain the growth of the pigment market studied. The paints, plastic, and coatings industry controlled the pigment market share and is expected to rise during the forecast duration. Increasing demand for reliable commercial products, like 3d printing material, is likely to act as a possibility in the future. Asia-Pacific region dominated the market over the world, with the largest consumption from countries, such as India, China, and Japan, etc. Key Market Trends for Pigment Growing Demand from Paints, Plastic, and Coatings Industry Colors are majorly used in paints, plastic, and coatings manufacturing. These are managed, enabling them with a wide range of characteristics to withstand the tough demands, without compromising on the coating performance. When it comes to the construction industry, architectural and decorative coatings account for the largest consumption of pigments in their manufacturing. Therefore, rising construction and infrastructure enterprises in the Asia-Pacific region are a major driver for the market. Moreover, in the other sectors, pigments are used in the interior, as well as exterior parts of the vehicle, as they impart strength and appeal to vehicles. The main reason for using automotive coatings is to preserve the vehicle parts against various competitive environmental agents, such as light, acid materials, and environmental effects, such as acid rain, UV radiation, hot-cold shocks, stone chips, car washing, and blowing sand, among others. Furthermore, these coatings are used in body shops and repair centers for vehicle refinishing.