Catherine Diamond, Associate Editor01.15.16
The global pigments market is expected to continue growing through at least 2018, according to multiple market analyses and reports. The global pigments market will generate $34.2 billion through 2020, according to Ceresana, an international market research and consultancy firm. Organic as well as inorganic pigments are expected to see significant growth, as they are intrinsically linked to the growth of the construction industry. While global textile production accounted for more than half of the world’s dye and pigment demand in 2014, paint and coatings applications are the fastest rising segment thanks to North American and Asian construction activity. Demand is also driven by the manufacturing of printing inks and papers.
Ceresana’s report, Market Study: Pigments, 3rd Edition, found that Asia-Pacific accounts for almost half of global consumption of pigments already and is expected to increase its share of the market even further. The rapidly growing middle class in both China and India are responsible for increased demand in the region.
“This region will continue to be the growth motor of the pigments industry, as China
Ceresana’s report, Market Study: Pigments, 3rd Edition, found that Asia-Pacific accounts for almost half of global consumption of pigments already and is expected to increase its share of the market even further. The rapidly growing middle class in both China and India are responsible for increased demand in the region.
“This region will continue to be the growth motor of the pigments industry, as China
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