Catherine Diamond, Associate Editor03.07.17
Since at least 2014, the global pigments market has remained stable and enjoyed healthy year-over-year growth. Recent research has found that this progress will likely continue for several more years. According to an August 2016 report by Global Market Insights, the global pigments market was worth $12.7 billion in 2015. It is anticipated to grow at a compound annual growth rate (CAGR) of 4.5% through 2024.
Growth is expected to be fueled largely by developments in the paints, coatings and construction industries. According to the report, pigments are primarily used as colorants and are extensively utilized in the paint and coatings industries to impart color and finish, as well as to protect from weathering and corrosion. The global paint and coatings market size is forecast to expand at more than 3% CAGR; researchers found that positive growth in this industry will complement the pigment market. As such, both inorganic pigments and specialty and high-performance pigments are expec
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