Specialty Pigments Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Specialty Pigments Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global specialty pigments market size reached US$ 13.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2022-2028.

Specialty pigments refer to high-performance coloring agents mixed with oil, paints, printing inks and plastics to disperse the desired color. They are naturally derived from iron, zinc, copper and aluminum and can also be synthesized artificially. These pigments improve the aesthetic appeal of the substrate and offer various benefits, such as fluorescence, luminescence and pearlescent effects and ultraviolet (UV) curing. Some of the commonly used specialty pigments include organic, metallic, high-performance, light interference and thermochromic pigments, which are available in a wide range of vibrant colors with high luster.

Significant growth in the textile industry, along with the increasing demand for flexible packaging materials, represents one of the key factors creating a positive outlook for the market. People are using specialty pigments to develop attractive packaging with metallic and color-shifting effects for high-end consumer products. Furthermore, rising environmental consciousness and the widespread adoption of sustainable paints are also driving the market growth. These pigments have low toxicity, high biodegradability and enhanced temperature control, especially in thermally effective pigments. They are also used for manufacturing durable and high-performance luster paints and coatings for automobiles, thereby contributing to the market growth. Additionally, various technological advancements, such as innovations in nanotechnology and the development of 3D printing materials, are acting as other major growth-inducing factors. Nanoparticles are widely used to provide aesthetically appealing optical effects in jewelry and cosmetics, thereby increasing the demand for specialty pigments significantly. Other factors, including rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities to create environment-friendly coatings and paints, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global specialty pigments market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on product type and application.

Breakup by Product Type:

Fluorescent

Luminescent

Metallic

High-Performance

Others



Breakup by Application:

Paints and Coatings

Printing Inks

Plastic Products

Construction Materials

Others



Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being BASF SE, Clariant AG, Dainichiseika Color & Chemicals Mfg. Co. Ltd., Day-Glo Color Corp. (RPM International Inc.), DIC Corporation, Dominion Colour Corporation (H.I.G. Capital, L.L.C.), Eckart GmbH, Massage Envy Franchising LLC, Ferro Corporation, Flint Group US LLC, Merck & Co. Inc., Nemoto & Co. Ltd. and Toyo Ink Co. Ltd. (Toyo Ink Mfg. Co. Ltd.).

Key Questions Answered in This Report:

How has the global specialty pigments market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global specialty pigments market?

What are the key regional markets?

What is the breakup of the market based on the product type?

What is the breakup of the market based on the application?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global specialty pigments market and who are the key players?

What is the degree of competition in the industry?