Fact.MR’s report offers a detailed forecast on the coatings pigment market for the period 2018 to 2027. The report foresees the coatings pigment market to record a steady 4.9% volume CAGR through 2027. In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global coating pigments market considering 2013-2017 as the historic year and 2018–2027 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting coating pigments market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
Recognizing varied requirements of coatings manufacturers, myriad pigments have been introduced to the market ranging from extenders/fillers and titanium dioxide (TiO2) to color pigments and anti-corrosive, metallic, & pearlscent. Extenders/fillers have traditionally remained the pigment of choice in the coatings industry, however TiO2 variants have been gaining fast momentum in recent years.
Each segment of the coating pigments market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:
- North America (Canada, US)
- Latin America (Argentina, Mexico)
- Europe (NORDIC, UK)
- APEJ (China, India)
- Japan and MEA
Titanium dioxide has emerged as an effective coatings pigment in the recent past, owing to its incomparably high refractive index and light-phobic nature. Titanium dioxide sales in the coatings pigment market are expected to witness an increase of nearly 154,000 tons (50%) in 2018 over 2017.
High Gains from Architectural Industry
Notable positive trends influencing coatings pigment sales in the architectural industry, ranging from preference for hardwood flooring, and shift from wallpapering toward painting, have gained increased palpability. Coatings pigment sales in the architectural industry have also been influenced by development of innovative technologies for interior decorative applications.
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Coatings pigment sales in the architectural industry are estimated at 4,400,000 tons in 2018, registering a Y-o-Y growth of over 4%. Majority of this growth can be attributed to contribution of innovations, which in turn are spurring investments in the novel pigment technology development. Increasing efficiency and strength of pigments is currently a key focus area among manufacturers for delivering added value to end-users.