Global Pigment Additives Market - Overview

Pigment additives are materials that can offer several benefits such as anti-skid, reflection, conduction, insulation, and light absorption. They can be employed in applications such as building & construction, automobiles & transport, and electrical & electronic industry. Also, pigments additives helps to improve the opacity, texture, and pseudo-plasticity for flow of pigments. Pigment additives offers better color strength, stability and retention, improved gloss, good finishing and visual appearance. Organic pigment additives are soluble colorants, which are derived from different trees or fruits.

Pigment additives market: segmentation outlook

The global pigment additives market can be segmented based on type, end-user industry and region. In terms of type, the pigment additives market can be classified into inorganic, organic, and others pigment additives. The organic pigments additives segment is projected to expand at a fast paced during the forecast period. Growing awareness related to ecology, there will be high demand for bio-based & recyclable organic products. This in-turn will drive the market demand for pigment additives during the forecast period.

In terms of end-user industry, the pigment additives market can be classified into building & construction, food & beverages, aerospace, automobiles & transport, and electrical & electronic industry. The building & construction segment is projected to expand at a fast paced during the forecast period. Developing countries such as India, China, Australia, and South Korea are expected to rising infrastructural activities, rapid industrial expansion, and economic progress can rise the demand for paint & coating industry. Paint & coating industry will boost the demand for pigment additives market during the forecast period.

Organic pigment additives are employed in food & beverages to avoid deterioration & adulteration of food & beverages. Growing economies such as China & India there will be high demand for food, in-turn this will drive the demand for organic pigment additives market during the anticipated period. 

Pigment additives market: regional outlook

In terms of region, the pigment additives market can be segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. Asia pacific is expected to be remain the leading region for the global building & construction market during the forecast period. Increases in population, there will be high demand for infrastructural development in prominent countries such as India & China, is major factor to drive the demand for paint & coating market. Paint & coating manufacturers will drive the demand for pigment additives market during the forecast period. The pigment additives market in South Africa is expected to low growth rate during the anticipated period. Presence of underdeveloped economy and lack of technological advancements are projected restrain the market of pigment additives during the forecast period.

Further, North America and Middle East regions are anticipated to witness significant growth over the forecast period recognized to high occurrence of major market players in these regions. BASF and AkzoNobel industries are expected to offer advanced pigment additives to Americans. However, DowDuPont and Huntsman International is projected to provide effective pigment additives to consumers in Europe region.

Pigment additives market: key player

The global pigment additives market is fragmented. Large numbers of companies operate at the global and regional level. Major companies include AkzoNobel Corporation, BASF SE, DowDuPont, Evonik Industries, and Huntsman International. Most companies are likely to invest in research & development activities to develop organic pigment additive products and gain traction among consumers.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

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Below is a snapshot of these quadrants.

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4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Pigment Additives Market

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