Pigments Market – Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Product Type (Inorganic, Organic, and Specialty Pigments, and Other Product Types), Application (Paints & Coatings, Textiles, Printing Inks, Plastics, Leather, and Other Applications), and Geography.

Market Snapshot

Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for pigments is expected to register a CAGR of 5.75% during the forecast period (2019-2024). The major factors driving the market studied are rising demand for paints and coatings in the automotive industry in Europe and Asia-Pacific, and consistent industrial developments in Middle East and Asia-Pacific. Factors, such as stringent government regulations on coatings,are expected to hinder the growth of the market studied.

  • The paints and coatings industry dominated the market in 2018, 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:

By Product Type
Titanium Dioxide
Zinc Oxide
Specialty Pigments and Others
By Application
Paints & 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 & Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle East & Africa

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

Key Market Trends

Increasing Demand from Paints & 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.


Pigments Market

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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. Furthermore, the paints and coatings segment accounts for the largest share of the market, and is estimated to be the fastest growing end-user industry. Architectural and decorative coatings account for the largest consumption of pigments in their production. 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. In the government’s budget for 2017-2018, the construction sector was allotted USD 61.92 billion. The government aims to boost the construction of buildings in the country, with plans to devise a single window clearance facility, in order to provide speedy approval for the construction projects. 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.

pigments chart

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Competitive Landscape

The market for pigments is consolidated. The top five players account for more than 50% of the global market share. Major companies include BASF SE, the Chemours Company, Venataor, Kronos, and Clariant.

Major Players

  1. BASF SE
  2. Chemours Company
  3. Venataor
  4. Kronos
  5. Clariant

* Complete list of players covered available in the table of contents below


Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for Paints and Coatings in the Automotive Industry in Europe and Asia-Pacific

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

      3. 4.1.3 Consistent Demand from the Textile Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Government Regulations on Coatings

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters 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 By 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 Others

    2. 5.2 By Application

      1. 5.2.1 Paints & 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 & Africa

        1. Saudi Arabia

        2. South Africa

        3. Qatar

        4. United Arab Emirates

        5. Rest of Middle East & Africa


    1. 6.1 Market Share Analysis**

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Altana AG

      2. 6.3.2 BASF SE

      3. 6.3.3 DIC Corporation

      4. 6.3.4 Clariant

      5. 6.3.5 The Chemours Company

      6. 6.3.6 The National Titanium Dioxide Company Ltd (Cristal)

      7. 6.3.7 Kronos Worldwide Inc.

      8. 6.3.8 Lanxess AG

      9. 6.3.9 Sudarshan Chemical Industries Limited

      10. 6.3.10 Venator Materials PLC

      11. 6.3.11 Tronox

      12. 6.3.12 Merck KGaA

      13. 6.3.13 Pidilite Industries Ltd

      14. 6.3.14 Lomon Billions Group Co. Ltd

    4. *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

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