Pigment manufacturers are enjoying strong sales, and are watching the impact of environmental regulations closely.
Catherine Diamond, Associate Editor03.23.15
Thanks to a rebounding global economy and more predictable raw material costs, pigment manufacturers have reported solid growth in 2014, and are optimistic for the future. According to a report titled “Pigments (Organic, Inorganic & Specialty) Market - Global Industry Analysis, Size, Share, Trends, Growth And Forecast 2012 – 2018” by Transparency Market Research, the global pigments market was valued at $17.9 billion in 2009, and was expected to grow at a compound annual growth rate (CAGR) of 5.3% through 2018, which would reach $30 billion.
MarketsandMarkets, which publishes numerous industry research reports annually, predicts that shipments of dyes and pigments markets would reach 11 million metric tons by 2018.
“In the pigments market, TiO2 holds the maximum share. Growth in TiO2 market will be favored by strong demand from emerging economies such as BRIC (Brazil, Russia, India, and China),” the report added.
However, industry experts do e
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