The global pigments market size is expected to reach USD 36.36 Billion in 2030 and register a revenue CAGR of 5.2% over the forecast period, according to the latest report by Reports and Data. The growing automobile and construction industry is a major factor expected to drive market revenue growth. In the construction industry, pigments are used to add lasting color to a number of building materials used in architecture and infrastructure projects. Architects and designers use colored cement as a tool to incorporate an element of innovation, differentiation, and exclusivity into their projects. Therefore, a continuous upturn in construction spending is expected to drive the pigments market revenue share globally. According to a report by European Parliament on 17 February 2020, more than 40% of buildings in Europe are built before 1960 and 90% before 1990; consuming more amount of energy compared to the new ones. Hence, renovation activities of these buildings are expected to increase in the forecast period, which in turn is expected to drive the market revenue growth.
The rapid growth of the printing ink industry owing to growth in e-commerce and package food business is expected to have a positive impact on the pigments market during the forecast period. Pigments are used in different types of printing inks, such as publication gravure inks, offset inks, decorative laminate inks, solvent-based packaging inks, and water-based packaging inks. Moreover, rising demand for cosmetics and other personal care products is expected to drive revenue growth of the pigments market. The beauty & makeup industry is growing rapidly due to increased globalization and the introduction of multiple new makeup brands. This is expected to drive the pigments market revenue growth over the forecast period.
However, volatility in raw materials prices and environmental concerns are resulting in an increasing preference for eco-friendly products, which are limiting revenue growth of the pigments market.
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Pigments Industry Overview
The global materials & chemicals industry revenue growth can be majorly attributed to increasing demand for essential consumer goods including soaps, detergents, and beauty & personal care products worldwide, rising preference for sustainable and eco-friendly raw materials, and growing use of advanced chemicals and raw materials in industries including agriculture, food & beverage industries, buildings & construction, automotive, packaging, and manufacturing industries. Other major factors driving the growth of this industry are rising pollution levels, increasing environmental awareness, increasing use of technologically advanced chemicals and materials, and rising demand for organic materials.
Demand for innovative materials is driven by transformations in the energy, automotive, logistics, manufacturing, construction, and other industries, as well as growing industry 4.0 technologies. Sustainability, lightweight, 3D printing, and surface engineering are all hot topics in the materials sector, as are intelligent materials, nano-formulations, and new composites with improved properties. Furthermore, increased adoption of artificial intelligence (AI), machine learning (ML), and data management strategies encourages scientists to investigate and develop novel materials considerably more quickly, reducing time-to-market from decades to only a few years.
Top Companies Profiled in the Report:
BASF SE, ECKART GMBH, Clariant AG, Ferro Corporation, DIC Corporation, Heubach GmbH, Trust Chem Co. Ltd., Toyocolor Co. Ltd., Colorfix, Huntsman International LLC, Kebotix, Inc., and Sudarshan Chemical Industries Ltd.
Product Type Outlook (Revenue, USD Billion; 2019–2030)
- Inorganic
- Organic
- Classic Organic
- Metallic
- High-Performance Organic
- Complex Inorganic
- Fluorescent
- Luminescent/Phosphorescent
- Thermochromic
Application Outlook (Revenue, USD Billion; 2019–2030)
- Paints and Coatings
- Printing Inks
- Textiles
- Plastics
- Leather
- Construction Materials
- Automotive Sector
- Others
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Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Global Pharma & Healthcare Market Segmentation
4.1. Global Pharma & Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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Fairfield Market Research assesses the serious need for sustainable solutions as the world finds itself in the tight grip of global warming.
In a bid to offer cleaner supplies, manufacturers are focusing on transforming existing techniques into greener ones.
The market is expected to face a shift towards eco-friendly and sustainable products due to the stringent regulation of government bodies.
Consumers are increasingly changing their preference and becoming more conscious hence, they are choosing eco-friendly alternative colour shades.
Increased raw material prices and energy cost are key factors that can bring challenges in the growth of the global pigment market.
Another major restrain faced by the market is maintaining stability in the supply of intermediaries and finished product as the market heavily relies on these two.
According to PayNXT360, the global mobile payment industry is expected to record a CAGR of 13.6% to reach US$ 117,786.8 billion by 2025.
The mobile wallet payment segment in value terms increased at a CAGR of 13.5% during 2019-2025.This offering from PayNXT360 is a bundled offering, combining 15 countries.
This report provides a comprehensive view on mobile payment / mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape globally.
The report focuses on data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks.
It details growth dynamics in 45+ market segments (600+ KPIs) across mobile commerce, mobile P2P transfer (domestic and international remittance), mobile lending, and a range of other payment avenues globally.ScopeThis report provides in-depth market opportunity analysis and growth dynamics of mobile payment industry.
Below is a summary of key market segments: Market Size and ForecastMobile payment and mobile wallet market size and forecast across 45+ markets segments on three essential KPIs – mobile payment transaction value, volume and average transaction value.Market Share of Key Mobile Wallet CompaniesProvides market share by key players in value terms.Market Share by Mobile Payment Technology: Provides market share by key mobile payment technologies –• SMS / USSD,• NFC,• Code Based, and• Web Based.
