The Global Pigments
Market is expected to tick definite growth in forthcoming period. The
pigments market witnessed an upsurge in Asia Pacific with growth in constructions
sector auguring well for paint sector segment setting new standards in pigment
industry. Organic and inorganic pigments sectors are inherently linked to the
construction industry and any volatility in construction industry has cascading
effect on pigment and paints industry. The textile segment may have been the
most sought-after market by any yardstick but still has got to traverse some
distance before catching up with paints and coatings market that is still the
most growth driven segment for pigments market. The printing ink and papers
market is also a demand driver for growth of pigment industry.
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Asia Pacific is the soundest market as of now improving upon
itself with China and India fostering demand in pigments and middle-class are
ones attributed with this change in marketing wisdom. Asia pacific will be the
growth engine for pigments with India and China ruling from front and Western
Europe will be back on track after suffering reversals in not so distant
past. Pigments have three main functions
cut out for them and they impart color to the medium, hide the substrate, and
wipe out the existing color. They are black, white or colored. Organic pigments
consist of carbon atoms, are non –toxic in nature and are environmentally safe.
Various types of organic pigments exist which include azo, pthalocynanine,
quinacridone and others.
Inorganic
Pigments are coloring elements obtained from metal oxides by the method of
high-temperature calcinations. Inorganic pigments can withstand high
temperature conditions and are stronger than organic pigments, hence are widely
used in paints and coatings, plastics, constructions, printing ink and others.
Examples of inorganic pigments include titanium dioxide pigment, iron oxide
pigment, and cadmium pigment, carbon black pigment, chromium oxide pigment and
complex inorganic pigment. Specialty pigments produce a range of vibrant colors
with brilliant luster and have qualities asked of it in surplus ideal for high-performance
paints, coatings, plastics, and cosmetics.
Segmentation of pigments market by type includes Azo,
Pthalocyanine, Quinancidrone, Titanium dioxide, Iron Oxide, Cadmium Carbon
Black, Chromium Oxide, Complex Inorganic, Classic Organic, Metallic, High
Performance, light Interference, Luminescent, Fluoroscent and Thermo-Chromic.
Segmentation by geographical region includes North America, Europe, Asia
Pacific, MEA, and Latin America. The key industrial players in pigments market
include the shepherd Motor Company, Clariant international Limited, Huntsman
Corporation, DIC Corporation, Eckhart GmbH, Sudarshan Chemical Industries Ltd.,
and Fero Corporation.
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