Cadmium Pigment Market - Forecast(2022 - 2027)

Cadmium Pigment Market size is forecast to reach $XX Million by 2027, after growing at a CAGR of 4.5% during 2022-2027. These are commonly used because of their high temperature tolerance in different manufacturing sectors. For high performance applications, these pigments are the chosen option because they are compatible, have chemical stability, thermal stability and resistance to weather. The increase in the building and automobile industry worldwide will improve the demand growth rate of cadmium pigments as they are commonly used in various acrylics and Latex coatings.

Report Coverage

The "Cadmium Pigment Market report - Forecast (2022-2027)", by IndustryARC, covers an in-depth analysis of the following segments of the Cadmium Pigment Industry.

By Type: Cadmium Yellow, Cadmium Orange, Cadmium Red, Cadmium Green and Other.

By Application: Plastics, Nylon, High Density Polyethylene, Acrylonitrile Butadiene Styrene (ABS), Silicone Resins, Polycarbonates, Industrial Paints and Other.

By Geography: North America, South America, Europe, APAC and RoW.

Key Takeaways

Industry participants are involved in R&D activities for the manufacture of bio-based cadmium pigments. Due to it comply with strict environmental degradation laws, this is expected to drive demand development in Europe.

Market development is driven by increased use of plastics and ceramics for different applications and increased demand for industrial paints.

Cadmium pigments contribute to health issues, and consumer development is likely to be affected by related environmental concerns.

In automobile, manufacturing, electronics, and white goods, the prevalent pandemic situation has led to weakened demand for paints and coatings. The road to the industry's growth recovery is strongly contingent on the length of the constraints imposed and their effect on global economic activity.

Cadmium Pigment Market Segment Analysis - By Type

Cadmium orange segment has been the major market for Cadmium Pigment in 2019. These are various types of pigments used in a variety of products to convey different colors. Artists use these types of pigments, since they are the preferred alternative for water and oil paints. Due to the design of the application field, green, bright yellow and red color is not accomplished by the use of other pigments in different coil coatings although it can be achieved by using cadmium pigments since they have excellent light fastness.

Cadmium Pigment Market Segment Analysis - By Application

Plastics segment has been the major market for Cadmium Pigment in 2019 by growing at a CAGR of 5.3% during forecast period 2022-2027. In the plastic industry, the main use of cadmium pigments is that they are insoluble and have alkali resistance, which is responsible for the plastic's healthy life. Cadmium pigments are commonly applied in batteries, after plastics. Because of its important chemical properties, cadmium pigments are also used to enhance the corrosion resistance of different metals, such as iron steel, aluminum and titanium. Over the projected era, the growing use of cadmium pigments in coatings, stabilizers, advanced alloys and electronic compounds is expected to boost the demand for cadmium pigments. In power wires, gas pipes and fittings, beer crates, motor vehicle heater fans etc., cadmium pigmented manufacturing polymers are added. It also has some minor applications, such as rubber, paper and ink processing. Compared to other uses, these sectors account for a lower use of cadmium pigments. For ceramic glazes, porcelain and vitreous enamels, special properties of cadmium pigments, such as tolerance to high manufacturing and operation temperatures, make them preferable. They are also used for the production of decorative glasses.

Cadmium Pigment Market Segment Analysis - Geography

APAC dominated the Cadmium Pigment Market share with more than 47.9%, followed by North America and Europe. The market is expected to grow over the projected period with the huge demand for cadmium pigments from countries such as India, China and Japan. Asia-Pacific demand is expected to rise over the next seven years, primarily in Japan and China, due to the growing use of batteries. In the forecast timeframe, North America is expected to experience sluggish development. Owing to strict controls on its use, given its harmful effects on humans and the environment, Europe is supposed to have a detrimental impact on the development of the market for cadmium pigments. China is projected to be the region's largest economy for the next seven years, thereby expanding the Asia Pacific market. In the projected timeframe, India, Russia and Brazil are predicted to account for the largest market share, after China.

Cadmium Pigment Market Drivers

Due to the properties

The main factors driving the market for cadmium pigments are the high temperature tolerance, low melting point, strong electrical conductivity, and high corrosion resistance characteristics of cadmium. Cadmium pigments in commercial paints are still used widely. For steam pipes and chemical tanks, the chemical inertness and high temperature tolerance of cadmium pigments make them ideal. There are no major substitutes which are seldom imitated by other inorganic pigments due to the physical and chemical properties of cadmium pigments. The shortage of acceptable substitutes serves as a significant driver of the demand for cadmium pigments.

Cadmium Pigment Market Challenges

Health related issues

Due to many reasons, the growth of the demand for cadmium pigments is limited. Individuals exposed to cadmium are often affected by health conditions related to excessive exposure to cadmium pigments in the kidney and lungs. For human beings, cadmium pigments are non-essential and their proper disposal is of prime importance. When released into the soil or bodies of water, cadmium joins the food chain from which it is absorbed into the human body.

In 2011, the European Union prohibited all plastics from using cadmium pigments. This trend is hampering the growth of the market for cadmium pigments in Europe. The widespread use of cadmium pigments is largely discouraged by all countries because of their intrinsic environmental issues. Nevertheless, in the near future, the shortage of safer alternatives to cadmium pigments would lead to the steady rise of the global demand for cadmium pigments.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Cadmium Pigment Market. In 2019, the market of Cadmium Pigment has been consolidated by the top five players accounting for xx% of the share. Major players in the Cadmium Pigment Market are JMB Ltd, Hunan Jufa Technology Co. Ltd., Rockwood Pigments NA Inc., Proquimac Color S.L., Johnson Matthey, James M. Brown Ltd, and Huntsman Corporation, among others.