The global Pigment Intermediates market was valued at US$ X. 10 Bn and is expected to reach XX.2 Bn by 2027, at a CAGR of X.10% during a forecast period.
Global Pigment Intermediates Market
Pigments are commonly organic/inorganic solid powder, colored, and are insoluble in organic solvents and water. The chemical and physical properties of pigments cannot be altered once incorporated in the substrate. Pigments provide extensive excellent solvent resistance, range of colors, high tinting strength, excellent light and weather fastness, heat stability, and consistency.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
The global pigment intermediates market is mainly driven by its application in growing end-use industries including paper, plastic, textiles, paints and coatings, and construction. The growth of the pigment intermediates market is driven by factors like growth in construction projects that are demanding efficient coating and painting materials expected to boost market growth. The growth of targeted industries is increasing in the developing markets of Asia-Pacific such as India, Malaysia, and Indonesia, hence driving the global pigment intermediates market in the APAC.
The growing trend and with high disposable income of the consumers across the developing economies are contributing to the market growth. Advancement in technology with huge growth observed by the textile industries in the past years considered as a major driving factor for the global pigment market. Paints and coating material have broad applications in various industry including aerospace, automotive, consumer good, electronics, and others, hence helping the overall market demand. Moreover, increasing trend in manufacturing and sales of automobiles across the globe are expected to push the demand for paints & coatings, which will further drive the market growth during the forecast period. On the other hand, the popularity of variability in the product like inorganic and organic is another factor to drive the market demand as per client needs in the coming years. Growth in end-users like paper, plastic, ink, and availability of different colors as per consumers need is projected to broaden the market demand and simultaneously will impact the market growth in order to maximize the market size by business growth.
Furthermore, fluctuation in the cost of raw materials and the presence of substitutes in the market will hinder the market growth in the coming years.
Pigment Intermediates Market Segment analysis:
By the end-user segment, the construction sector is expected to display persistent growth during the assessed year. Pigment intermediate granules are an invaluable tool in the concrete and construction industry owing to the number of other beneficial characteristics include reduced dust, improved flowability, and reduced product loss. The construction industry in the Asia Pacific is leading owing to the growth in population and with the growing activity of renovation in the sector are expected to push the market demand during the forecast period.
Pigment Intermediates Market Regional Analysis:
Regionally, the Asia Pacific region is expected to dominate the overall pigment intermediate market growth in the coming years resulting from the growth and development in the construction sector with an estimated XX % CAGR and have registered a market share growth by 42-50% which has increased compared to the last year. However, a major pandemic COVID-19 outbreak in the region will restrain market growth. The market size was calculated XX Bn at a CAGR of X.25 in the year 2019 and expected to show lucrative growth by 2027.
North America is expected to dominate the pigment intermediates market and is expected to grow at a CAGR of XX % during the forecast period. Developed regions like the U.S and Canada are considered to be the major contributors to the pigment intermediates market growth in the North American region.
The objective of the report is to present a comprehensive analysis of the Global Pigment Intermediates Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Pigment Intermediates Market dynamics, structure by analysing the market segments and project the Global Pigment Intermediates Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Pigment Intermediates Market make the report investor’s guide.
Scope of Pigment Intermediates Market
Global Pigment Intermediates market, By Type
• Organic Intermediates
• Inorganic Intermediates
Global Pigment Intermediates market, By End-users
• Paints & Coatings
Global Pigment Intermediates Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Pigment Intermediates Market,
• Kawaguchi Chemical Industry Co.LTD
• Sugai Chemical IND.CO.LTD
• Nantong Acetic Acid Chemical Co.Ltd
• CALSAK CORPORATION
• Ambuja Intermediates Pvt Ltd
• Nova International
• Wellton Chemical Co.,Ltd
• Minal Intermediates
• Seya Industries Ltd.
• Sarna Chemicals
• Camex Limited
• Prima Chemicals
• DIC Corporation
• Clariant AG
• Sudarshan Chemical Industries Limited
• Huntsman Coporation
• Atul Ltd.
• Cabot Corp.
• E.I. Dupont De Nemours and Co
• Kiri Industries Ltd
• Kronos Worldwide, Inc
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