PUBLISHER: IMARC | PRODUCT CODE: 1702036
PUBLISHER: IMARC | PRODUCT CODE: 1702036
The global pigments market size reached USD 31.4 Billion in 2024. Looking forward, the market is expected to reach USD 59.6 Billion by 2033, exhibiting a growth rate (CAGR) of 7.02% during 2025-2033. The increasing demand for high-quality paints with metallic luster is primarily driving the market.
Pigments are a set of insoluble, colored chemical compounds that are incorporated in the medium and mixed physically. They aid in absorbing the light of selective wavelength for emitting colors through transmission, hiding the substrate, and enhancing the surface property of the material. On account of these applications, pigments are extensively deployed as a key component in paints, coatings, plastics, printing inks, and light-emitting sources. At present, they are broadly categorized in two varying pigments forms, including organic and Inorganic. Amongst these, organic pigments are extracted from natural sources, whereas inorganic or synthetic pigments are derived from petrochemicals or synthesized from calcinations.
The widespread adoption of pigments across various industrial verticals, such as commercial, residential, electronics, and automotive, due to the increasing demand for high-quality paints with metallic luster is primarily driving the market toward growth. This is further supported by the increasing awareness regarding the several benefits offered by the pigments, including protection against high temperature, ultraviolet (UV) radiation, blowing sand, acid rain, and corrosive materials. In line with this, the rising environmental concerns amongst consumers have prompted manufacturers to shift toward organic and eco-friendly, high-performance pigments (HPP), which, in turn, is positively stimulating the market growth across the globe. Additionally, the extensive utilization of pigments in cosmetics, liquids, fruits, paint, paper, textiles, leather, shoe polish, candles, wood, and bamboo is contributing to the market growth. The significant expansion in the construction activities, along with the favorable initiatives undertaken by the government bodies of different nations for investing in constructing cost-effective housing facilities, are further propelling the market growth. Other factors, such as strategic collaborations amongst key players and the rising investments in the research and development (R&D) activities for introducing digital inks, are providing an impetus to the market growth.
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Cabot Corporation, Dainichiseika Color & Chemicals Mfg. Co. Ltd., DIC Corporation, Dupont De Nemours Inc., Heubach GmbH, Kronos Worldwide Inc. (Valhi Inc.), Lanxess AG, Merck KGaA, Pidilite Industries Limited, Sudarshan Chemical Industries Limited, The Shepherd Color Company and Tronox Holdings PLC.