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Key Highlights of Global Pigments MarketThe global pigments market was valued at US$ 30.35 Bn in 2018 and is anticipated to expand at a CAGR of 4.6% during the forecast periodThe global pigments market is driven by rise in the demand for paints and coatings.Asia Pacific accounts for a major share of the global pigments market, due to increase in the demand for paints and coatings in the region.

Paints and coatings are employed in various end-user industries such as aerospace, automotive, architectural & refinishing, and building & construction.Pigments used in paints and coatings offer key attributes such as color strength, coverage, durability, chemical inertness, light and weather fastness, and good environmental performance.

This, in turn, generated considerable demand for pigments in the paints & coatings segment, making it the leading end-user segment in 2018.Surge in production and consumption of plastics across the globe to offer attractive growth opportunitiesPlastics is one of the major consumers of pigments.

Pigments are employed as colorants in a wide range of plastics, owing to their excellent compatibility with several types of plastics.Besides coloring effect and improved aesthetics, pigments increase the stability of plastics and improve resistance of plastics to climatic conditions such as heat and moisture.

Pigments contain heavy metals, which makes them pose a threat for human health and the environment.Growth of the pigments market, especially the inorganic segment, can be hampered by environmental effects and toxicity associated with heavy metals used in metal oxides, mixed metal oxides, and metallic pigments.Heavy metals include lead, chromium, cadmium, and mercury.

Disposal of heavy metals during the pigment production leads to pollution.

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