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The Pigment Intermediates Market is influenced by a myriad of market factors, which collectively shape its dynamics and growth trajectory. Among them is the global demand for pigments across different sectors such as paints and coatings, plastics, textiles and printing inks. Construction boom alongside increased expenditures on home renovations hugely drives the need for pigments thus affecting pigment intermediates market.
In addition, progressions in automotive industry are overriding influences that determine how pigment intermediates markets develop. In the manufacture of external as well as internal car components; auto industry uses pigments. With growing car making sector and innovative smarts’ there comes an increase in demand for high quality specialized pigments hence impacting the pigment intermediates market.
Raw material availability and pricing are critical market factors that directly impact the pigment intermediates industry. Geopolitical events or natural calamities among others can affect the cost and availability of these chemicals compounds which form the bulk of raw materials for pigment intermediates. Disruption in the chain supplying raw materials could therefore lead to negative effects on production and pricing of pigment intermediates.
Similarly, environmental regulations including concerns related to sustainability significantly contribute to shaping up pigment intermediates market. There is increasing environmental awareness leading to more eco friendly sustainable forms of colorant demands across all industries based on their various applications. Hence, manufacturers have been necessitated into research & development investment aimed at producing environmentally regulatory compliant intermediate pigments which has brought about extensive use within an industry towards more sustainable practices.
Market competition also plays a major role in explaining changes in the world’s paint sector however little attention is paid to it. High levels of rivalry between other players results into constant innovation taking place within this business area while competitive prices are offered together with new or improved formulations for colorants. Some firms attempt to distinguish themselves through unique offerings or by focusing on specific segments; Consequently, the competition in the pigments intermediates market has increased.
Global economic conditions and trade policies also contribute to the market dynamics of pigment intermediates. Global demand for these colorants is dictated by world economy or international politics that may influence industrial output as well as consumer spending directly deciding the consumption of pigments thus leading to changes in pigment intermediates market. Additionally, trade policies and tariffs affect raw material cost as well as finished product pricing thereby complicating further these global markets.
Pigment Intermediates Market Highlights:
Pigment Intermediates Market Regional Analysis
The pigment intermediates market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominated the global pigment intermediates market in 2017 due to the high demand for pigment intermediates from major end-use industries such as paints & coatings, textiles, construction, and plastics. The high growth of the market in this region can also be attributed to the fast-paced industrialization and urbanization in the emerging countries such as India, Thailand, Malaysia, and Singapore.Â
North American market is expected to witness a high growth of the market owing to the high demand from the paints & coatings and construction industries in the region.
The market is Europe is driven by the increased demand for paints & coatings, which is further used in production of automotive parts.
Key Players
Some of the manufacturers operating in the global pigment intermediates market are Camex Limited (India), CALSAK CORPORATION (US), Ambuja Intermediates Pvt Ltd (India), Nova International (India), Sugai Chemical IND.CO.,LTD. (Japan), Wellton Chemical Co.,Ltd. (China), Minal Intermediates (India), Seya Industries Ltd. (India), Sarna Chemicals (India), Kawaguchi Chemical Industry Co., LTD (Japan), and Nantong Acetic Acid Chemical Co., Ltd. (China).
Market Overview
Pigments are generally colored, organic or inorganic solid powder, and are insoluble in water and organic solvents. They have no physical and chemical alteration when incorporated in the substrate. Pigments offer a wide range of colors, excellent light and weather fastness, high tinting strength, excellent solvent resistance, heat stability, and consistency.
The pigment intermediates market is primarily driven by its use in major end-use industries such as textiles, paper, paints & coatings, plastics, and construction. The growth of these industries is high in the emerging economies of Asia-Pacific such as India, Thailand, Singapore, Malaysia, and Indonesia, which is driving the global pigment intermediates market. The high penetration of pigments in textiles industry is one of the major drivers of the pigment intermediates market. The high disposable income and the changing fashion trend of the consumers across the globe is a factor positively influencing the market growth. Furthermore, its use in paints & coatings is another primary driver of the global pigment intermediates market. Paints and coatings are used in almost every major industry such as automotive, aerospace, shipbuilding, electronics, and consume goods. Rapid industrialization and urbanization in the emerging economies of Asia-Pacific have resulted in increased construction, which is also fueling market growth. Moreover, high production and sales of automobiles across the globe are expected to propel the demand for paints & coatings, which will further drive the market growth during the forecast period.
However, the fluctuations in the pricing of titanium dioxide is likely to hamper market growth during the forecast period.
Global Pigment Intermediates Market, by Application (%)
Source: MRFR Analysis
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Segmentation
The global pigment intermediates market has been segmented on the basis of type, end-use industry, and region.
Based on type, the market has been bifurcated into organic and inorganic intermediates.
By end-use industry, the market has been segmented into paints & coatings, textiles, construction, paper, plastics, and others.
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Intended Audience
- Pigment intermediates manufacturers
- Traders and distributors of pigment intermediates
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratories
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