Global Pigments Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2027

Overview of the Pigments Market

Pigments are a class of substances that have a bright hue and are used to colour other materials. They absorb light of a specific wavelength and then, through reflection or transmission, emit a variety of colours. Pigments are used to enhance the appearance of a substrate or to provide colour to the media in which they are utilised.

Organic and inorganic pigments are both available. Carbon chains and carbon rings are the foundations of organic colours. They may, however, contain metallic components that aid in the stabilisation of the organic component's features. Metallic salts precipitated from solutions are the most common inorganic pigments.

Inorganic pigments have a higher particle size than organic pigments. Pigments can give paints, coatings, plastics, inks, and other materials a wide range of colours while also boosting their aesthetic features. These aid in the enhancement of qualities such as opacity, hiding power, light, and transparency.

What are the Global Pigments Market's Key Growth Drivers?

The pigments market's most important end-user sector is paints and coatings. Paints rely heavily on pigments for their formulation. Pigments give paints and coatings colour and a glossy finish, as well as improving their aesthetic appeal. Pigments are used to give the paint brilliance, heat stability, and light stability. Because of the increase in infrastructure development and construction activity in developing economies, the architectural paints and coatings business has developed significantly. Furthermore, the decorative paints and coatings industry has benefited from the expansion of the automotive and consumer goods industries. In industrialised countries, the paints and coatings business has higher per capita consumption but slow growth. Paint consumption per capita in emerging countries is lower than in Western Europe's wealthier countries. Paint consumption per capita in India, China, Singapore, South Korea, and ASEAN countries.