Pigments Market Size and Share

Pigments Market (2025 - 2030)
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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.

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.

Pigments Market: Market Share by Product Type
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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.

Pigments Market: Market Share by Application
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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.

Pigments Market CAGR (%), Growth Rate by Region
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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

  1. DIC Corporation

  2. Kronos Worldwide, Inc.

  3. Sudarshan Chemical Industries Limited (Heubach GmbH)

  4. The Chemours Company

  5. Tronox Holdings Plc

  6. *Disclaimer: Major Players sorted in no particular order
Pigments Market - Market Concentration
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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.

Table of Contents for Pigments Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Surging paints and coatings demand in emerging economies
    • 4.2.2 Regulatory push toward eco-friendly/bio-based pigments
    • 4.2.3 Rising adoption of high-performance and effect pigments
    • 4.2.4 Nano-enabled digital and 3-D printing applications
    • 4.2.5 Supply-chain localization incentives in US-EU
  • 4.3 Market Restraints
    • 4.3.1 Stringent environmental and toxicology regulations
    • 4.3.2 Raw-material price volatility (TiO₂, iron-oxide feedstocks)
    • 4.3.3 Nano-particle food-grade bans (E171, cosmetics limits)
  • 4.4 Value Chain Analysis
  • 4.5 Porter's Five Forces
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitutes
    • 4.5.5 Degree of Competition

5. Market Size and Growth Forecasts (Value)

  • 5.1 By Product Type
    • 5.1.1 Inorganic Pigments
    • 5.1.1.1 Titanium Dioxide
    • 5.1.1.2 Zinc Oxide
    • 5.1.1.3 Other Product Types (Carbon Pigments, Dry Earth, Ultramarine Pigments, Cadmium, Lead Chromate, and Others)
    • 5.1.2 Organic Pigments
    • 5.1.3 Specialty Pigments and Other Product Types (Functional Pigments, Magnetic Pigments, and Others)
  • 5.2 By Application
    • 5.2.1 Paints and Coatings
    • 5.2.2 Textiles
    • 5.2.3 Printing Inks
    • 5.2.4 Plastics
    • 5.2.5 Leather
    • 5.2.6 Other Applications
  • 5.3 By Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 ASEAN
    • 5.3.1.6 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Spain
    • 5.3.3.6 Russia
    • 5.3.3.7 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share (%)/Ranking Analysis
  • 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
    • 6.4.1 ALTANA
    • 6.4.2 Cathay Industries
    • 6.4.3 DIC Corporation
    • 6.4.4 Heubach GmbH
    • 6.4.5 Kronos Worldwide, Inc.
    • 6.4.6 Lanxess
    • 6.4.7 LB Group
    • 6.4.8 Shepherd Color
    • 6.4.9 Sudarshan Chemical Industries Limited (Heubach GmbH)
    • 6.4.10 The Chemours Company
    • 6.4.11 Tronox Holdings Plc
    • 6.4.12 Trust Chem Co., Ltd.
    • 6.4.13 Venator Materials PLC

7. Market Opportunities and Future Outlook

  • 7.1 White-space and Unmet-Need Assessment
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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).

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
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
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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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