Research Overview

Frost & Sullivan’s analysis of the pigments market aims at quantifying the consumption and analyzing the impact of key disruptive, transformative, and competitive trends across the value chain order to present a forecast for the seven year period of 2020 to 2027. The scope of the study comprises analysis of the pigments market on the basis of key pigment types and sub-types, applications, and geographies.

The study comprises analysis of the pigments market focusing on three key product segments, namely inorganic pigments, organic pigments, and effect pigments. It further quantifies the consumption of key sub-types within each of these product segments. Furthermore, the study also analyzes the individual pigment segments on the basis of key applications, such as paints & coatings, plastics, inks, building & construction materials, and paper, among others. It highlights the consumption of individual pigment types across five key regional segments namely North America, Latin America, Europe, APAC, and MEA. The study quantifies the consumption and provides the corresponding dollar value for individual segments and geographies for the period of 2017 to 2027.

The relatively mature pigments market has been witnessing a significant consolidation in the last five years. The market, characterized by a handful of global companies and a large number of small and mid-sized companies operating regionally, continues to witness a steady increase in competition and ensuing erosion in margins, rapid commoditization, and supply-demand imbalance. The trend is expected to continue driving a wave of consolidations in the industry over the medium term.