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Pigments Market Share

Report ID: GMI742
Published Date: Oct 2019
Report Format: PDF

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Pigments Market Share

Some major manufacturing companies include:

BASF
Merck
Lanxess
DIC Corporation
Clariant
Huntsman
Pidilite

Multinational companies in pigments industry have a major share in the market owing to strong distribution network. These companies are involved in strategic mergers & acquisitions to increase their foothold. For instance, in August 2019, BASF announce that DIC Corporation is going to acquire the global pigment business of the company at the cost of USD 1.27 billion. This acquisition will be completed by the end of 2020. This acquisition will further consolidate the industry and increase DIC Corporation’s dominance over the market.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

Pigments industry, which involves manufacturing of colorants that are used in plastics for UV protection, fire protection, long service life, etc. will record valuation of over USD 21 billion by 2026.

Specialty pigments market will witness a CAGR 5.8% through 2026 with increasing infrastructural investments and growing need for long-lasting product that resists harsh weather.

Organic pigments market will exhibit a CAGR of 5% through 2026 with the developments in terms of product innovation and cost competitiveness.

Paints & coatings segment in pigments market had recorded a valuation of over USD 128 billion in 2018.

North America will register a CAGR of over 4.5% through 2026 with increasing product demand driven by mature automobile industry in the region.