Pigment Intermediates Market Growth Forecast Predicted To Witness...

Pigment Intermediates Market Growth Forecast Predicted To Witness Steady Growth During The Forecast Period 2027

Posted 2022-12-05 05:51:40

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Overview:

The global pigment intermediates Market Growth has been segmented by type, end-use industry, and region.

By type, the global pigment intermediates market has been divided into organic and inorganic intermediates. The inorganic pigment intermediates segment accounted for larger market share in 2022 owing to its benefits over the organic pigments. The inorganic pigments can withstand the impact of sunlight and chemical exposure in better way, and therefore are durable. They have also good opacity, increase rash inhibition, abrasion resistance, and rigidity to the molecules. Additionally, they are available at a competitive cost.

Based on end-use industry, the market has been segmented into paints & coatings, textiles, construction, paper, plastics, and others. The paints & coatings segment accounted for a major market share in 2022 on account of the high demand for paints & coatings in major end-use industries such as aerospace, automotive, construction, consumer electronics, marine, and ship-building.

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Regional Analysis

Regionally, the global market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The market in Asia-Pacific dominated the global pigment intermediates market overview in 2022 due to the high demand from textiles, paints & coatings, and construction industries. The rapid industrialization and urbanization in the emerging economies such as India, Thailand, and Indonesia are the primary factor affecting the growth of the pigment intermediates market.

The demand for paints & coatings from major end-use industries such as construction, military & defence, and aerospace as well as the high demand from textiles is driving the demand for pigment intermediates in the North American region.

The high production and sales of automobile parts in Western European countries such as Germany, Italy, UK, and France is expected to drive the demand for paints & coatings, which will further drive the demand for pigment intermediates.

Competitive Analysis

Some of the manufacturers operating in the global pigment intermediates market growth are Camex Limited (India), CALSAK CORPORATION (US), Ambuja Intermediates Pvt Ltd (India), Nova International (India), Sugai Chemical IND.CO.,LTD. (Japan), Wellton Chemical Co.,Ltd. (China), Minal Intermediates (India), Seya Industries Ltd. (India), Sarna Chemicals (India), Kawaguchi Chemical Industry Co., LTD (Japan), and Nantong Acetic Acid Chemical Co., Ltd. (China).

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