Pigments Market Growth, Size, Share (2022-27) | Industry Report

 

Market Overview:

The market for pigments is expected to grow at a CAGR of over 6% over the course of the forecast period, with a market value of over USD 22 billion in 2020. (2021–2026).

COVID-19 had a negative effect on the market in 2020. The demand for pigments has been negatively impacted by the disruption in the global supply chain as well as the decreased demand from a number of end-user industries, including paints and coatings, plastics, textiles, and others. The global automotive industry saw a decline in production in 2020, with about 77.6 million units produced, down 16% from 2019. This had a significant impact on the paints and coatings industry. The demand for paints and coatings was also impacted by the construction industry’s decreased demand as a result of work stoppages and labor shortages.

Scope of the Report:

By product type, application, and geography, the market is divided. The market is divided into inorganic, organic, specialty pigments, and other product types based on product type. The market has been divided into different application categories, including paints and coatings, textiles, printing inks, plastics, leather, and other applications. The market size and forecasts for the pigments market in 17 countries across major regions are also covered in the report. The market sizing and forecasting for each segment are based on revenue (USD million).

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