Pigments Market Analysis by Mordor Intelligence
The Pigments Market size is estimated at USD 31.93 billion in 2025, and is expected to reach USD 39.61 billion by 2030, at a CAGR of 4.40% during the forecast period (2025-2030). Resilient demand for construction, packaging, and mobility applications underpins this expansion even as producers navigate supply chain realignments and tightening safety rules. Inorganic grades retain cost-based advantages in bulk architectural coatings, while organic and specialty chemistries capture share in high-performance automotive and electronics uses. Regional diversification of titanium dioxide (TiO₂) sourcing, coupled with initiatives to phase out PFAS and other restricted substances, is accelerating product reformulation activity across the pigments market. Competitive dynamics are further shaped by consolidation, exemplified by Kronos Worldwide’s July 2024 acquisition of Louisiana Pigment Company, which is allowing scale players to streamline raw-material procurement and reinforce downstream distribution reach[1]Kronos Worldwide, “Kronos to Acquire Remaining Interest in Louisiana Pigment Company,” kronosww.com .
Key Report Takeaways
- By product type, inorganic pigments commanded 76.03% of the pigments market share in 2024, while organic pigments are forecast to grow at a 5.40% CAGR through 2030.
- By application, paints and coatings accounted for 56.72% of the pigments market size in 2024; plastics applications are poised to expand at a 5.22% CAGR to 2030.
- By geography, Asia-Pacific led with 45.89% revenue contribution in 2024, and the region is expected to register the fastest 5.54% CAGR through 2030.
Global Pigments Market Trends and Insights
Driver Impact Analysis
| Drivers | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Surging paints and coatings demand in emerging economies | +1.2% | Asia-Pacific, Middle East and Africa, South America | Medium term (2-4 years) |
| Regulatory push toward eco-friendly/bio-based pigments | +0.8% | Global, with early adoption in North America and EU | Long term (≥ 4 years) |
| Rising adoption of high-performance and effect pigments | +0.6% | Global, concentrated in automotive and electronics hubs | Medium term (2-4 years) |
| Nano-enabled digital and 3-D printing applications | +0.4% | North America, Europe, Asia-Pacific technology centers | Long term (≥ 4 years) |
| Supply-chain localization incentives in US-EU | +0.3% | North America and EU | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Surging Paints and Coatings Demand in Emerging Economies
Infrastructure programs in Indonesia, Nigeria, and Vietnam are driving a steady uptick in architectural coatings volumes, evidenced by Indonesia’s paint output surpassing 1.00 million tons in October 2024. Growing cement capacity across sub-Saharan Africa—bolstered by nine Chinese-backed projects completed in 2023 and five more slated for 2024—continues to lift demand for construction-grade pigments. Governments’ drive toward water-based, low-VOC formulations is forcing suppliers to deliver cost-competitive dispersions compatible with stricter emission limits. The result is a larger addressable base for mid-tier pigment producers able to localize blending and logistics operations near major construction clusters. Over the medium term, recurring housing and transport infrastructure outlays are expected to translate into multi-year offtake contracts that stabilize volumes even when private sector repaint cycles slow.
Regulatory Push Toward Eco-Friendly/Bio-Based Pigments
Global regulators are methodically narrowing the palette of allowable pigment chemistries. California’s AB 418 will prohibit TiO₂ in foods from January 2025, while New Zealand’s cosmetics ban on PFAS enters force in December 2026. Large formulators such as L’Oréal have pledged to source 95% bio-based ingredients by 2030, signaling an industry-wide pivot toward renewable colorants. Academic and industrial programs are commercializing seaweed-derived phycobiliproteins and fucoxanthin using enzyme-assisted extraction and hydrodynamic cavitation, achieving color strength comparable with conventional azo pigments. As compliance costs rise for incumbent chemistries, early-scale bio-based suppliers can exploit a pricing corridor that was previously unavailable in volume markets. Adoption, however, hinges on overcoming the capital cost of new biorefinery infrastructure and meeting the durability expectations of demanding end uses such as outdoor coatings.
Rising Adoption of High-Performance and Effect Pigments
Automotive OEMs are specifying next-generation coatings that must remain LiDAR-detectable for autonomous driving systems yet retain deep black aesthetics. Products such as DIC’s Spectrasense™ Black L 0082 exemplify the premium that customers will pay for functional pigments able to satisfy those dual requirements. ALTANA’s acquisition of Silberline in January 2024 underscores the strategic value of metallic effect pigments for consumer electronics housings and luxury automotive finishes. Research at Oregon State University produced YInMn blue—the first new synthetic blue discovered in two centuries—offering superior heat stability and infrared reflectance, although its indium cost currently limits broad adoption[2]Carrie Arnold, “This Striking Blue Made Pigment History,” cen.acs.org . High-performance pigments with near-infrared management capability are also supporting energy-efficient roofing membranes and glazing films. In parallel, the luxury textile and leather sectors are purchasing pearlescent and interference pigments to enhance brand differentiation, enabling suppliers to sustain gross margins despite broader raw-material price inflation.
Nano-Enabled Digital and 3-D Printing Applications
Advances in digital light processing (DLP) and electrohydrodynamic (EHD) printing are opening entirely new channels for pigment consumption. Formulators are engineering photocurable resins that incorporate sub-100 nm pigment particles without impeding UV polymerization, thereby enabling high-resolution multicolor 3-D parts. EHD printing techniques can place conductive nano-pigment inks with micron-scale precision, facilitating embedded circuits and displays on flexible substrates. Pigment developers now routinely adjust refractive indices to match photopolymer matrices, balancing cure depth against optical vibrancy at high filler loadings. While grayscale DLP allows multi-tonal output from a single vat by modulating light dose, pigment interference with photoinitiators still constrains throughput on commercial lines. Over the long term, however, printing-centric demand is expected to outpace graphic-arts inks as additive manufacturing enters mainstream production.
Restraint Impact Analysis
| Restraints | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Stringent environmental and toxicology regulations | -0.9% | Global, strictest in EU and North America | Short term (≤ 2 years) |
| Raw-material price volatility (TiO₂, iron-oxide feedstocks) | -0.7% | Global, most acute in Asia-Pacific manufacturing | Short term (≤ 2 years) |
| Nano-particle food-grade bans (E171, cosmetics limits) | -0.3% | EU, North America, expanding to Asia-Pacific | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Stringent Environmental and Toxicology Regulations
OEKO-TEX updated its restricted-substance testing protocol in October 2024 to include alkaline hydrolysis screening for PFAS, and Canada enacted a nationwide coal-tar ban in March 2025. EU REACH Entry 79 introduced PFHxA controls in the same month, while several U.S. states imposed PFAS prohibitions on textiles from January 2025. Each new rule forces pigment suppliers to validate alternative chemistries and establish dual inventories to serve jurisdictions with divergent thresholds. Compliance requires sophisticated quality-management systems under ISO 22716, raising fixed costs that smaller producers struggle to absorb. The immediate impact is a wave of capacity rationalization in mature markets, reducing tactical price competition but heightening strategic barriers for new entrants.
Raw-Material Price Volatility (TiO₂, Iron-Oxide Feedstocks)
China’s consolidation of sulfate-route TiO₂ producers and stricter local air-emission caps have disrupted global supply, pushing spot prices higher and prompting EU anti-dumping duties on selected grades. Iron-oxide feedstock prices remain tied to natural-gas and electricity costs, which spiked across Europe in 2024 before receding in early 2025. Producers are therefore negotiating pass-through clauses and hedging programs to avoid margin compression. Diversification toward chloride-route TiO₂ assets in the Gulf Coast and Australia is underway, but ramp-up timelines mean supply tightness could persist through 2026. The volatility complicates budgeting for downstream masterbatch and dispersion producers, prompting them to shorten contract tenors and expand dual-sourcing strategies.
Segment Analysis
By Product Type: Inorganic Dominance Faces Organic Growth
The inorganic cluster maintained 76.03% share of the pigments market in 2024, a position anchored by TiO₂’s indispensability for opacity and whiteness in architectural and packaging formulations. Within this cohort, iron oxides continue to dominate masonry coatings and construction materials thanks to cost and durability advantages. Organic pigments, although smaller in volume, are set to advance at a 5.40% CAGR to 2030, leveraging superior chroma and regulatory headroom in applications that demand low heavy-metal content. High-performance quinacridones and perylenes now populate automotive basecoats, while diketopyrrolo-pyrrole reds are penetrating consumer electronics housings. Specialty sub-segments—such as thermochromic and magnetic pigments—are winning premium contracts in security printing and electronic component marking.
Cost inflation for titania feedstock is tilting certain flexible-packaging jobs toward high-opacity organic alternatives, though functional equivalence still limits broader substitution. The introduction of zinc-oxide UV blockers in sun-care cosmetics is driving incremental growth for mineral pigments, offsetting softer demand in legacy paper applications. Carbon blacks retain a stable foothold in conductive polymer compounds and toner systems. Overall, the inorganic segment’s maturity has shifted competitive emphasis toward process efficiency, whereas organic suppliers compete on molecular innovation and end-user collaboration.
Note: Segment shares of all individual segments available upon report purchase
By Application: Plastics Surge Past Traditional Coatings
Paints and coatings delivered 56.72% revenue in 2024, yet plastics are forecast to log the strongest 5.22% CAGR, reflecting automakers’ pivot to lightweight, color-integrated polymer panels and the consumer-packaged-goods sector’s adoption of transparent barrier resins. Masterbatch processors are demanding heat-stable pigments that survive 300 °C compounding cycles without color drift. Dope-dyeing in synthetic textiles is simultaneously reducing wastewater loads and cutting batch-to-batch color variation, unlocking opportunities for aqueous-dispersible organic pigments tailored to polyester and nylon fibers.
Leather finishers are phasing out chromium tanning residues, leaning on high-solids, waterborne pigment dispersions that meet brand owners’ restricted-substance lists. Printing-ink demand remains resilient in flexible packaging and corrugated displays, relying increasingly on energy-curable and low-migration pigment systems. Collectively, these shifts illustrate how end-use innovation is redistributing volume growth toward applications that prize functional as much as aesthetic performance.
Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
Asia-Pacific held a 45.89% share of global revenue in 2024 and is expected to post the fastest 5.54% CAGR through 2030, cementing its lead in both scale and momentum. China accounts for roughly half of regional pigment output and continues to influence global price discovery through its TiO₂ capacity swings and energy-intensity levies. India’s production-linked incentives for specialty chemistry are encouraging joint ventures with Japanese and European pigment majors, thereby broadening the region’s product breadth. Indonesia’s output of architectural coatings exceeded 1.00 million tons in late 2024, signaling a maturing domestic market with rising quality expectations.
North America and Europe, though collectively smaller in volume, are pivoting toward value-add niches that reward technical differentiation and supply-chain security. U.S. federal funding for specialty chemicals under defense authorization acts is channeling capital into domestic pigment intermediates, partially insulating buyers from geopolitical disruptions.
The Middle East and Africa are emerging as opportunistic growth zones. Gulf Cooperation Council countries are investing in chloride-route TiO₂ as part of downstream diversification, while North African textile clusters are courting European brands seeking near-shore sourcing. South America’s trajectory is tied to macroeconomic stabilization and commodity export cycles that affect infrastructure spending and automotive assembly volumes.
Competitive Landscape
The market is highly fragmented in nature. Kronos Worldwide paid USD 185 million for Louisiana Pigment Company, giving it direct access to chloride-grade TiO₂ capacity and eliminating a tolling arrangement that previously constrained strategic flexibility. The competitive field now bifurcates between large enterprises that focus on commodity volumes and smaller innovators that excel in specialty niches. Scale leaders benefit from integrated chlor-alkali and TiO₂ assets, granting them leverage over feedstock volatility. Conversely, niche companies differentiate via proprietary chromophores, surface treatments, and nano-scaling techniques that deliver functional benefits such as IR reflectance or electrical conductivity. Supply-chain localization in the United States and Europe is enabling mid-sized regional players to win contracts previously held by Asian exporters, particularly where customers value agile delivery and regulatory alignment.
Pigments Industry Leaders
-
DIC Corporation
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Kronos Worldwide, Inc.
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Sudarshan Chemical Industries Limited (Heubach GmbH)
-
The Chemours Company
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Tronox Holdings Plc
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- January 2025: Sudarshan Chemical Industries Limited, via its subsidiary Sudarshan Europe B.V., completed the acquisition of Germany-based Heubach Group.
- January 2024: ALTANA finalized the acquisition of Silberline, broadening its aluminum pigment manufacturing and distribution capabilities across North America and Asia.
Global Pigments Market Report Scope
Pigments are molecules or substances that absorb specific wavelengths of visible light to produce a particular hue. Pigments can be found in paintings, inks, cosmetics, and other items. Pigments are found in various products and services associated with coloring materials and related technology. Pigments are used in various sectors, including coatings, plastics, printing inks, building, paper, leather, and cosmetics.
The pigments market is segmented by product type, application, and geography. The market is segmented by product type into inorganic, organic, specialty pigments, and other product types. By application, the market is segmented into paints and coatings, textiles, printing inks, plastics, leather, and other applications. The report also covers the market size and forecasts for the pigments market in 16 countries across major regions.
For each segment, the market sizing and forecasts have been done based on value (USD).
| Inorganic Pigments | Titanium Dioxide |
| Zinc Oxide | |
| Other Product Types (Carbon Pigments, Dry Earth, Ultramarine Pigments, Cadmium, Lead Chromate, and Others) | |
| Organic Pigments | |
| Specialty Pigments and Other Product Types (Functional Pigments, Magnetic Pigments, and Others) |
| Paints and Coatings |
| Textiles |
| Printing Inks |
| Plastics |
| Leather |
| Other Applications |
| Asia-Pacific | China |
| India | |
| Japan | |
| South Korea | |
| ASEAN | |
| Rest of Asia-Pacific | |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| United Kingdom | |
| Italy | |
| France | |
| Spain | |
| Russia | |
| Rest of Europe | |
| South America | Brazil |
| Argentina | |
| Rest of South America | |
| Middle-East and Africa | Saudi Arabia |
| South Africa | |
| Rest of Middle-East and Africa |
| By Product Type | Inorganic Pigments | Titanium Dioxide |
| Zinc Oxide | ||
| Other Product Types (Carbon Pigments, Dry Earth, Ultramarine Pigments, Cadmium, Lead Chromate, and Others) | ||
| Organic Pigments | ||
| Specialty Pigments and Other Product Types (Functional Pigments, Magnetic Pigments, and Others) | ||
| By Application | Paints and Coatings | |
| Textiles | ||
| Printing Inks | ||
| Plastics | ||
| Leather | ||
| Other Applications | ||
| By Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| ASEAN | ||
| Rest of Asia-Pacific | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| Italy | ||
| France | ||
| Spain | ||
| Russia | ||
| Rest of Europe | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
| Middle-East and Africa | Saudi Arabia | |
| South Africa | ||
| Rest of Middle-East and Africa | ||
Key Questions Answered in the Report
How large is the pigments market in 2025?
The pigments market size is USD 31.93 billion in 2025.
What is the expected CAGR for pigments between 2025 and 2030?
The market is forecast to expand at a 4.40% CAGR through 2030.
Which product category leads the pigments market share today?
Inorganic pigments hold 76.03% share, owing mainly to TiO₂’s dominance in coatings.
Why are plastics applications gaining momentum?
Automotive lightweighting and advanced packaging are pushing plastics pigment demand at a forecast 5.22% CAGR.
Which region is growing fastest?
Asia-Pacific combines a 45.89% share with the highest 5.54% regional CAGR through 2030.
How is regulation influencing pigment innovation?
Growing PFAS and heavy-metal restrictions are accelerating the shift toward bio-based and high-performance organic pigments that meet new safety standards.
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