An increase in the production of automobiles and a rise in the demand for industrial paints are expected to contribute to the growth of the pigments market.
Pigments Market Size is Estimated to Hit US$ 67 4 Billion at a CAGR of 5 4% by 2033, States Fact MR einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Fact.MR – A Market Research and Competitive Intelligence Provider: According to the latest Fact.MR analysis, the global pigments market size.
Selbyville, Delaware, United States, September 8 2020 (Wiredrelease) Global Market Insights, Inc –:Endorsed by a massive end-user spectrum, the potential of pigments has been increasingly recognized by many chemical industry players. The wide requirement of corrosion inhibition and color imparting across various expanding domains like paints and coatings, construction, printing inks has led to a rise in the demand for superior performance specialty pigments.
Key players:
BASF SE, Merck Group, Ferro Corporation, Lanxess AG, Pidilite Industries Ltd., Clariant AG, DIC Corporation, Cathay Industries Group, Cristal, Tokan Material Technology Co., Ltd., Tronox, Inc and Huntsman International LLC.
In the year 2018, paints and coatings registered the highest demand for the products, especially from the construction and automobile applications. With the evolution of 3D printing technology, the global printing ink industry has witnessed unprecedented developments over the years.