In 2023, the UK market size for pigments, including metallic powders and flakes dispersed in non-aqueous media, was estimated at 15.1 million kilograms. Forecasts from 2024 to 2028 indicate a year-on-year decline in volume, beginning with 14.948 million kilograms in 2024 and reaching 14.4 million kilograms by 2028. The average annual decrease over this period is gradual, with a compound annual growth rate (CAGR) representing a slight downward trend.
Future trends to watch for in this market include:
- Technological advancements in pigmentation processes could influence market demand.
- Environmental regulations regarding non-aqueous based products might impact production and sales.
- Innovations in eco-friendly pigments could alter competitive dynamics.