Global Synthetic Pigments Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The synthetic pigments market consists of the sales of synthetic pigments and related services that is used in the field of paints, inks, plastics containing insoluble materials and minerals to endure high heat, intense light and exposure to weather or chemical agents.

Global Synthetic Pigments Market Size And Drivers:

The global synthetic pigments market is expected to grow from $37.03 billion in 2020 to $40.07 billion in 2021 at a compound annual growth rate (CAGR) of 8.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $45.95 billion in 2025 at a CAGR of 3%. The demand for high performance pigments and advanced technology engineered pigments such as cool pigments, nano pigments and pigments made from superior dispersion technologies is expected to drive the synthetic pigments market.

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Trends In The Global Synthetic Pigments Market

Recently, there has been an increasing migration of manufacturing capacities from the West to low-cost countries in the Asia-Pacific region. This is mainly due to stringent environmental compliance in Europe and North America. Gradually maturing production technologies and the presence of strong downstream customer bases within countries such as China and India have been propelling the demand for pigments in these countries in recent years. Examples of companies that have moved their manufacturing facilities to the Asia region are Huntsman Corp, DyStar and Clariant.

Global Synthetic Pigments Market Segments:
The global synthetic pigments market is further segmented –
By Product Type: Inorganic Pigments, Organic Pigments
By End Use Industry: Paints And Coatings, Plastics, Printing Inks, Textiles, Cosmetics And Personal Care, Others
By Geography: The global synthetic pigments market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Synthetic Pigments Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides synthetic pigments market overviews, analyzes and forecasts market size and growth for the global synthetic pigments market, synthetic pigments market share, synthetic pigments market players, synthetic pigments market segments and geographies, synthetic pigments market’s leading competitors’ revenues, profiles and market shares. The synthetic pigments market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.