Pigments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Product Type (Inorganic, Organic, and Specialty Pigments and Other Product Types), Application (Paints and Coatings, Textiles, Printing Inks, Plastics, Leather, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Study Period:

2016 - 2026

Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific


5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The market for pigments is expected to register a CAGR of over 5% during the forecast period. The major factors driving the market studied are rising demand from the paints and coatings industry in Asia-Pacific and consistent industrial developments in the Middle East and Asia-Pacific regions. Factors, such as stringent government regulations, are expected to hinder the growth of the market studied.

  • The paints and coatings industry dominated the market share and is expected to grow during the forecast period.
  • Rising demand for reliable commercial products, like 3d printing material, is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China, India, and Japan, etc.

Scope of the Report

The pigments market report includes:

Product Type
Titanium Dioxide
Zinc Oxide
Specialty Pigments and Other Product Types
Paints and Coatings
Printing Inks
Other Applications
South Korea
Australia & New Zealand
Rest of Asia-Pacific
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand from Paints and Coatings Industry

  • Pigments are majorly used in paints and coatings production. These are engineered, enabling them with properties to withstand the tough demands, without compromising on the coating performance.
  • In the construction industry, architectural and decorative coatings account for the largest consumption of pigments in their production. Thus, rising construction and infrastructure activities in Asia-Pacific is a major driver for the pigment market.
  • Furthermore, in the automotive sector, paints and coatings are used in the interior, as well as exterior parts of the vehicle, as they impart protection and appeal to vehicles. They are used in metallic parts, as well as plastic vehicle components of automobiles.
  • The primary reason for using automotive coatings is to protect the vehicle parts against various aggressive environmental agents, such as sunlight, corrosive materials, and environmental effects, such as acid rain, hot-cold shocks, stone chips, UV radiation, car washing, and blowing sand, among others. In addition, these coatings are used in automotive body shops and repair centers for vehicle refinishing.
  • Thus, the increasing demand for paints and coatings in the construction and automotive industry is likely to drive up the demand for pigments at a significant rate, in the coming years.

To understand key trends, Download Sample Report

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific dominated the market,¬†primarily due to the increasing demand for construction activities in China and India.
  • In China, government spending has been increasing in the construction of affordable housing facilities, in order to cater to the housing demand. In India, the infrastructure sector has become one of the major focus areas for the government.
  • India is still a developing economy; the construction sector is one of the booming industries in the country. The infrastructure sector is an important pillar for the growth of the Indian economy. The government is taking various initiatives to ensure time-bound creation of excellent infrastructure in the country.
    • The government has announced a target of USD 376.5 billion investment in infrastructure, over a period of three years, including USD 120.5 billion for developing 27 industrial clusters, and USD 75.3 billion for road, railway, and port connectivity projects.
  • Moreover, with the consistent economic development, coupled with rising incomes, the automotive industry has been witnessing a continued shift in vehicle preferences i.e., evolving vehicle parc (with consumers moving from two-wheelers to four-wheelers).
  • Thus, all such construction activities and favorable government measures are expected to boost the construction activities in the region, which is further projected to boost the demand for paint and coating, thereby, increasing the demand for pigments.

To understand geography trends, Download Sample Report.

Competitive Landscape

The market for pigments is consolidated with top five players accounting for around 50% market share. The major companies include BASF SE, The Chemours Company, Venator Materials PLC, KRONOS Worldwide, Inc., and Clariant, among others.

You can also purchase parts of this report. Do you want to check out a section wise price list?

Table Of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Paints and Coatings Industry in Asia-Pacific

      2. 4.1.2 Consistent Industrial Developments in Middle East and Asia-Pacific Regions

      3. 4.1.3 Consistent Demand from the Textile Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Government Regulations

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Patent Analysis


    1. 5.1 Product Type

      1. 5.1.1 Inorganic

        1. Titanium Dioxide

        2. Zinc Oxide

        3. Others

      2. 5.1.2 Organic

      3. 5.1.3 Specialty Pigments and Other Product Types

    2. 5.2 Application

      1. 5.2.1 Paints and Coatings

      2. 5.2.2 Textiles

      3. 5.2.3 Printing Inks

      4. 5.2.4 Plastics

      5. 5.2.5 Leather

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Australia & New Zealand

        6. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Spain

        6. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. United Arab Emirates

        4. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ALTANA

      2. 6.4.2 BASF SE

      3. 6.4.3 DIC CORPORATION

      4. 6.4.4 Clariant

      5. 6.4.5 The Chemours Company

      6. 6.4.6 KRONOS Worldwide, Inc.

      7. 6.4.7 LANXESS

      8. 6.4.8 Sudarshan Chemical Industries Limited

      9. 6.4.9 Venator Materials PLC

      10. 6.4.10 Tronox Holdings plc

      11. 6.4.11 Merck KGaA

      12. 6.4.12 Pidilite Industries Ltd.

      13. 6.4.13 Lomon Billions Group Co. Ltd

  7. *List Not Exhaustive

    1. 7.1 Shifting Focus toward Eco-friendly Products

    2. 7.2 Rising Demand for Reliable Commercial Products, like 3D Printing Material

** Subject to Availability

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Related Reports