According to the new market research report "Pigments - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Pigments market size is projected to grow from USD 36220 million in 2023 to USD 50100 million by 2030, at a CAGR of 4.6% during the forecast period.
- Global Pigments MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Pigments - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Pigments Top20Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Pigments - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Pigments include BASF, Clariant, DIC, Dow Chemical, Huntsman, ALTANA AG, KRONOS Worldwide Inc., LANXESS, Lomon Billions, Merck KGaA, etc. In 2023, the global top 10 players had a share approximately 50.0% in terms of revenue.
Market Drivers: The promotion of industrialization, especially the continued growth in demand for pigments in the automotive, construction and packaging industries; innovation and technological progress, prompting the market for higher-performance, environmentally friendly pigments; and the continuous expansion of the consumer goods industry, such as cosmetics, paints, etc. The wide application of pigments in various fields has promoted the development of the market.
Restraint: The instability of raw material prices, pressure from environmental regulations on the industry, and fierce market competition may affect the profitability and development speed of enterprises.
Opportunity: The rapid development of emerging markets has brought growth opportunities to the pigment industry. The increased demand for high-performance pigments, renewable resource utilization and customization have also brought new development directions to the industry, promoting market diversification and sustainable development. .
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