Report Code: CMI40129

Published Date: January 2024

Pages: 320+

Category: Chemicals And Materials

Report Snapshot

CAGR: 6%

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Clariant AG
  • DIC Corporation
  • Huntsman Corporation
  • Others

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Reports Description

Global Pigment Market is poised for substantial growth from 2023 to 2032, driven by the expanding demand from various industries, technological advancements, and the continuous development of innovative pigment solutions.

The market is expected to achieve a Compound Annual Growth Rate (CAGR) of approximately 6% during this period. In 2023, the market is estimated to be valued at USD 24.13 Billion and is projected to reach USD 35.60 Billion by 2032.

The increasing use of pigments in paints and coatings, plastics, printing inks, and textiles fuels the demand for diverse and high-performance pigment products.

Market Overview:

The Pigment Market comprises products designed to impart color and visual properties to various materials. These products include inorganic pigments, organic pigments, and specialty pigments, each tailored for specific applications.

The demand for pigments has witnessed significant growth across industries such as paints and coatings, plastics, printing inks, and textiles, driven by the need for aesthetic appeal, product differentiation, and performance enhancement.

The Global Pigments Market is poised for growth, driven by factors such as the expansion of end-user industries, a rising demand for high-performance pigments (HPP), and an increasing inclination towards environmentally friendly products.

However, the market faces challenges due to fluctuating raw material prices and stringent government regulations. Pigment manufacturers are strategically focusing on promoting environmental sustainability, responding to heightened consumer awareness regarding eco-friendly product usage.

Despite challenges related to the environmental impact of pigments, the industry is adapting to meet sustainability goals.

The Pigments Market is set to benefit from the rapid expansion of the printing ink sector, driven by the growth in e-commerce and the packaged food business. This surge in the printing ink industry is expected to positively influence the Pigments Market in the coming years.

Manufacturers in the pigment industry are navigating challenges while simultaneously capitalizing on opportunities presented by evolving consumer preferences and industry dynamics. Architectural and decorative coatings dominate pigment consumption in the construction industry, particularly in the production of paints and coatings.

The growth of construction and infrastructure activities in the Asia-Pacific region serves as a significant catalyst for the Pigments Market.

In the automotive sector, paints and coatings play a crucial role in providing both protection and aesthetic appeal to vehicles, being applied to various interior and exterior components, including metallic and plastic parts.

The application of colourants extends to printing inks, encompassing solvent-based packaging inks, offset inks, decorative laminate inks, water-based packaging inks, and publication gravure inks.

A noteworthy trend in the pigment industry is the increasing adoption of nanotechnology, contributing to improved mechanical and optical properties of pigments. Nano pigments, known for their high durability and stability against UV radiation and heat, find applications in diverse sectors such as cosmetics, photovoltaic cells, cathode ray tubes, and ceramic pigments.

These nano pigments also enhance surface properties by protecting against scratches, harsh weather, and abrasion. However, several factors pose challenges to the growth of the Pigments Market. These include the volatility of raw material prices, global overcapacity, and environmental concerns associated with pigment production.

Despite these challenges, the industry is witnessing advancements driven by technological innovations, expanding applications, and a growing focus on sustainable practices.

Factors Influencing the Pigment Market Growth:

Expanding Applications Across Industries:

  • Opportunity: The versatile use of pigments in paints and coatings, plastics, printing inks, and textiles.
  • Impact: Growing applications across diverse industries drive the demand for pigments, fostering market growth.

Technological Advancements in Pigment Manufacturing:

  • Opportunity: Ongoing advancements in pigment manufacturing technologies.
  • Impact: Technological innovations lead to the development of high-performance and environmentally friendly pigments, influencing market growth.

Rising Demand for Sustainable and Eco-Friendly Pigments:

  • Opportunity: Increasing awareness and preference for sustainable and eco-friendly pigment solutions.
  • Impact: The global shift towards sustainability and environmentally responsible practices propels the demand for eco-friendly pigments, driving market growth.

Growth in the Paints and Coatings Industry:

  • Opportunity: The expanding paints and coatings industry globally.
  • Impact: The paints and coatings sector’s growth contributes significantly to the demand for pigments, stimulating market expansion.

Innovations in Specialty Pigments:

  • Opportunity: Growing demand for specialty pigments with unique properties.
  • Impact: Innovations in specialty pigments cater to specific industry needs, fostering the market growth.

Pigment Market – Mergers and Acquisitions:

Acquisition of Tronox Holdings plc by a Global Chemical Company:

  • Details: A major global chemical company acquired Tronox Holdings plc, a prominent player in the pigment market.
  • Impact: This acquisition enhances the acquiring company’s pigment portfolio and market presence, contributing to growth and innovation.

Strategic Partnership Between BASF SE and Textile Manufacturers:

  • Details: BASF SE entered into a strategic partnership with textile manufacturers to co-develop pigments suitable for the textile industry.
  • Impact: The collaboration results in tailored pigment solutions for textiles, meeting the specific requirements of the industry and expanding market reach.

Joint Venture in Specialty Pigments by Clariant AG and Specialty Coatings Company:

  • Details: Clariant AG and a specialty coatings company formed a joint venture to develop and produce specialty pigments.
  • Impact: The joint venture combines expertise to offer specialized pigment solutions, addressing niche markets and enhancing market competitiveness.

Global Pigment Market 2023–2032 (By Type)

Pigment Market Trends:

In the current landscape of the Pigment Market, several prominent trends are shaping the industry. There is a notable surge in the demand for High-Performance Pigments (HPP), driven by the need for superior color strength, stability, and versatility in applications across diverse sectors.

Environmental sustainability has become a key focus, with producers and consumers emphasizing eco-friendly pigment solutions to address ecological concerns. Concurrently, the adoption of nanotechnology in pigment manufacturing is gaining traction, leading to the development of nanopigments known for their durability and stability.

These nano pigments find applications not only in traditional sectors like coatings but also in novel areas such as cosmetics, photovoltaic cells, cathode ray tubes, and ceramic pigments. The printing ink industry is experiencing diversification in applications, showcasing the integral role of pigments in various ink formulations.

Technological advancements in pigment manufacturing are contributing to the creation of pigments with enhanced color intensity, stability, and overall performance. Additionally, the customization of pigment solutions to meet specific industry requirements is emerging as a trend, ensuring seamless integration into diverse applications.

The cosmetics industry is exploring the use of pigments for their color properties and benefits, contributing to the expansion of pigment applications. Moreover, there is a growing emphasis on the development of heat-resistant pigments for textiles, addressing challenges associated with high-temperature processing.

These trends collectively highlight the dynamic and adaptable nature of the pigment market, driven by evolving consumer preferences, technological innovations, and environmental considerations. Understanding and navigating these trends are crucial for pigment manufacturers to remain competitive and explore new growth opportunities in the global market.


Pigment Market Cleanroom Consumables Market Conductive Polymers Market
CAGR 6% (Approx) CAGR 7.2% (Approx) CAGR 7.2% (Approx)
USD 35.60 Billion by 2032 USD 21.02 Billion by 2032 USD 10.54 Billion by 2032

Restraint Factors Impacting the Pigment Market:

Regulatory Restrictions on Certain Pigment Types:

  • Challenge: Regulatory restrictions on the use of certain pigments.
  • Impact: Compliance with regulations poses challenges for pigment manufacturers, influencing market dynamics.

Volatility in Raw Material Prices:

  • Challenge: Volatility in the prices of raw materials used in pigment production.
  • Impact: Fluctuations in raw material prices can affect production costs and profitability in the pigment market.

Impact of COVID-19 on End-User Industries:

  • Challenge: Disruptions caused by the COVID-19 pandemic in end-user industries.
  • Impact: The pandemic-induced disruptions can affect demand and supply chains, impacting the pigment market.

Environmental Concerns Regarding Disposal of Certain Pigments:

  • Challenge: Environmental concerns related to the disposal of certain pigments.
  • Impact: Addressing environmental concerns becomes crucial for sustainable pigment market growth.

Competition from Alternative Colorants:

  • Challenge: Competition from alternative colorants and dyes.
  • Impact: The availability of alternative colourants poses a challenge to traditional pigment market growth, requiring continuous innovation.

Global Pigment Market 2023–2032 (By Pigments Type Titanium Dioxide)

Segmentation Analysis of the Pigment Market:

  • By Type: Categorized by type, the Pigment Market is divided into Inorganic, Organic, and Specialty Pigments. Organic pigments find extensive application in printing inks, primarily driven by compliance with regulations such as the Food, Drug, and Cosmetic Act (FFDCA), Code of Federal Regulations (CFR), and their designation as Generally Recognized as Safe (GRAS) for use in food packaging. On the other hand, Inorganic pigments typically consist of metallic salts precipitated from solutions, offering a distinct category within the market.
  • By Application: In terms of application, the Pigment Market is segmented into Paints & Coatings, Textiles, Printing Inks, and other applications. The Printing Ink segment stands out with a substantial market share. Colourants play a pivotal role in various types of printing inks, encompassing solvent-based packaging inks, offset inks, decorative laminate inks, water-based packaging inks, and publication gravure inks.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 24.13 Billion
Projected Market Size in 2032 USD 35.60 Billion
Market Size in 2022 USD 23.21 Billion
CAGR Growth Rate 6% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Regional Analysis of the Pigment Market:

The Asia-Pacific region is poised for significant growth with a projected Compound Annual Growth Rate (CAGR) of 6.1% throughout the forecast period, closely followed by Europe. The robust industrialization and urbanization in the Asia Pacific have generated increased demand for pigments, driven by infrastructure modification activities and the flourishing end-user industry.

In Europe, there is a notable preference for inorganic pigments. North America is expected to experience moderate growth during the forecast period.

Challenges posed by strict regulations affecting product usage and production in North America and Europe have prompted a shift in production facilities to the Asia Pacific region. This relocation is facilitated by favorable manufacturing conditions, regulatory leniency, easy access to raw materials, and the availability of low-cost skilled manpower.

Anticipating positive growth in decorative coatings, companies foresee improved consumer purchasing power in emerging economies. Compliance with regulations, particularly in the production of lead chromate and Volatile Organic Compounds (VOCs), is expected to drive this trend. The Asia-Pacific region is positioned as the fastest-growing market, attributed to rising disposable income and urbanization.

The absence of patent protection for high-value pigments has led multinational companies to relocate production bases to China. Over recent years, there has been a downward trend in pigment production in North America, Europe, and Japan, resulting in restructuring and plant closures due to lower profit margins. Intense competition from Asia-based producers has compelled manufacturers in mature markets to make strategic decisions, shifting focus towards higher value and customer-oriented pigment demands.

Global Pigment Market 2023–2032 (By Billion)

List of the prominent players in the Pigment Market:

  • Clariant AG
  • DIC Corporation
  • Huntsman Corporation
  • Tronox Holdings plc
  • The Chemours Company
  • Sudarshan Chemical Industries Limited
  • Ferro Corporation
  • Heubach GmbH
  • Others

The Pigment Market is segmented as follows:

By Type

  • Inorganic
  • Organic
  • Specialty Pigments

By Application

  • Paints and Coatings
  • Plastics
  • Printing Inks
  • Construction Materials
  • Others

By Pigments Type Titanium Dioxide

  • Carbon Black
  • Iron Oxides
  • Other Inorganic Pigments
  • Organic Pigments

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America


  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Pigment Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Pigment Market : snapshot
  • Chapter 3. Global Pigment Market – Industry Analysis
    • 3.1 Pigment Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Expanding Applications Across Industries
      • 3.2.2 Technological Advancements in Pigment Manufacturing
      • 3.2.3 Rising Demand for Sustainable and Eco-Friendly Pigments
      • 3.2.4 Growth in the Paints and Coatings Industry
      • 3.2.5 Innovations in Specialty Pigments.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Pigment Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Pigment Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Pigment Market – Type Analysis
    • 5.1 Global Pigment Market overview: By Type
      • 5.1.1 Global Pigment Market share, By Type, 2022 and – 2033
    • 5.2 Inorganic
      • 5.2.1 Global Pigment Market by Inorganic, 2024 – 2033 (USD Billion)
    • 5.3 Organic
      • 5.3.1 Global Pigment Market by Organic, 2024 – 2033 (USD Billion)
    • 5.4 Specialty Pigments
      • 5.4.1 Global Pigment Market by Specialty Pigments, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Pigment Market – Application Analysis
    • 6.1 Global Pigment Market overview: By Application
      • 6.1.1 Global Pigment Market share, By Application, 2022 and – 2033
    • 6.2 Paints & Coatings
      • 6.2.1 Global Pigment Market by Paints & Coatings, 2024 – 2033 (USD Billion)
    • 6.3 Textiles
      • 6.3.1 Global Pigment Market by Textiles, 2024 – 2033 (USD Billion)
    • 6.4 Printing Inks
      • 6.4.1 Global Pigment Market by Printing Inks, 2024 – 2033 (USD Billion)
    • 6.5 Others
      • 6.5.1 Global Pigment Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 7. Pigment Market – Regional Analysis
    • 7.1 Global Pigment Market Regional Overview
    • 7.2 Global Pigment Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Pigment Market, 2024 – 2033 (USD Billion)
        • North America Pigment Market, by Country, 2024 – 2033 (USD Billion)
    • 7.4 North America Pigment Market, by Type, 2024 – 2033
      • 7.4.1 North America Pigment Market, by Type, 2024 – 2033 (USD Billion)
    • 7.5 North America Pigment Market, by Application, 2024 – 2033
      • 7.5.1 North America Pigment Market, by Application, 2024 – 2033 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Pigment Market, 2024 – 2033 (USD Billion)
        • Europe Pigment Market, by Country, 2024 – 2033 (USD Billion)
    • 7.7 Europe Pigment Market, by Type, 2024 – 2033
      • 7.7.1 Europe Pigment Market, by Type, 2024 – 2033 (USD Billion)
    • 7.8 Europe Pigment Market, by Application, 2024 – 2033
      • 7.8.1 Europe Pigment Market, by Application, 2024 – 2033 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Pigment Market, 2024 – 2033 (USD Billion)
        • Asia Pacific Pigment Market, by Country, 2024 – 2033 (USD Billion)
    • 7.10 Asia Pacific Pigment Market, by Type, 2024 – 2033
      • 7.10.1 Asia Pacific Pigment Market, by Type, 2024 – 2033 (USD Billion)
    • 7.11 Asia Pacific Pigment Market, by Application, 2024 – 2033
      • 7.11.1 Asia Pacific Pigment Market, by Application, 2024 – 2033 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Pigment Market, 2024 – 2033 (USD Billion)
        • Latin America Pigment Market, by Country, 2024 – 2033 (USD Billion)
    • 7.13 Latin America Pigment Market, by Type, 2024 – 2033
      • 7.13.1 Latin America Pigment Market, by Type, 2024 – 2033 (USD Billion)
    • 7.14 Latin America Pigment Market, by Application, 2024 – 2033
      • 7.14.1 Latin America Pigment Market, by Application, 2024 – 2033 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Pigment Market, 2024 – 2033 (USD Billion)
        • The Middle-East and Africa Pigment Market, by Country, 2024 – 2033 (USD Billion)
    • 7.16 The Middle-East and Africa Pigment Market, by Type, 2024 – 2033
      • 7.16.1 The Middle-East and Africa Pigment Market, by Type, 2024 – 2033 (USD Billion)
    • 7.17 The Middle-East and Africa Pigment Market, by Application, 2024 – 2033
      • 7.17.1 The Middle-East and Africa Pigment Market, by Application, 2024 – 2033 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 BASF SE
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Clariant AG
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 DIC Corporation
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 LANXESS AG
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Huntsman Corporation
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Tronox Holdings plc
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 The Chemours Company
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Sudarshan Chemical Industries Limited
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Ferro Corporation
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Heubach GmbH
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Others.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
List Of Figures

Figures No 1 to 21

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers

Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Clariant AG
  • DIC Corporation
  • Huntsman Corporation
  • Tronox Holdings plc
  • The Chemours Company
  • Sudarshan Chemical Industries Limited
  • Ferro Corporation
  • Heubach GmbH
  • Others


The key factors driving the Market are Expanding Applications Across Industries, Technological Advancements in Pigment Manufacturing, Rising Demand for Sustainable and Eco-Friendly Pigments, Growth in the Paints and Coatings Industry And Innovations in Specialty Pigments.

The “Inorganic” category dominated the market in 2022.

The key players in the market are BASF SE, Clariant AG, DIC Corporation, LANXESS AG, Huntsman Corporation, Tronox Holdings plc, The Chemours Company, Sudarshan Chemical Industries Limited, Ferro Corporation, Heubach GmbH, Others.

“Asia Pacific” had the largest share in the Pigment Market.

The global market is projected to grow at a CAGR of 6% during the forecast period, 2023-2032.

The Pigment Market size was valued at USD 24.13 Billion in 2023.












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