World Pigment Market Growth Trends and Forecasts to 2025, Featuring Altana AG, Cathay Industries Group, Chemours, Ferro Corporation and More
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There has been an increased demand for pigment in the global market owing to its wide array of applications in industries such as plastics, construction, textiles, paints and coatings. Paints and coatings are the largest consumers of pigments. They lend the desired finish and color to the surface they are used on. Pigments also safeguard paints against extreme weather conditions and corrosion. Demand for pigments is accelerating due to growing infrastructure, urbanization, plastics and building materials and paint & coatings market. The market is expected to face a shift towards eco-friendly and sustainable products due to stringent regulation of government bodies. Consumers are increasingly changing their preference and becoming more conscious hence, they are choosing eco-friendly alternative color shades.