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Analysis of the Global Pigments Market : Increasing Demand for Vibrant and Attractive Colors along with Regulatory Compliant Products Accelerate Growth
Top industry drivers (e.g., regulations, specialty paints, packaging applications, vehicle coating), restraints (e.g., supply deficit/surplus, online publishing), regulatory (US and Europe) and technology trends (e.g., encapsulated pigments) affecting the global pigments market are discussed. The product segments include organic, inorganic, and metallic pigments. Major end-user segments covered are automotive, construction, printing, and personal care while major application segments include paints and coatings, plastics, publication, packaging, and cosmetics. The supply-demand trends, price trends, revenue and unit shipment, along with consolidation trends are discussed. The base year is 2015 and the forecast period ends in 2020.
The global pigments market is expected to witness robust growth owing to the expanding gross domestic product (GDP) in Asia-Pacific (APAC) and rest of world (ROW) regions and to the recovering macro-economic scenario in the European and North American regions. Demand from the construction and automotive industries is likely to accelerate demand for pigments during the forecast period.
2 Supply disruptions leading to volatility in prices remain a key challenge for pigment manufacturers. Inventory management, supply chain management, and approving secondary sellers are key strategies that the pigment manufacturers are focusing on in order to tackle uncertainties in the marketplace.
3 Stringent regulations in Europe and North America (NA) have remained a key factor facilitating the adoption of products with superior quality and performance. The trend is rapidly moving into the APAC markets, especially China and India. This is likely to result in a higher share of performance products in the APAC region.
4 Following the spur in demand for pigments in the APAC and ROW regions, pigment manufacturers are rapidly restructuring production to strengthen their presence in these regions. Cost competitiveness in these regions further contributes to the regional shift.
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