Colorful world market: current Ceresana study on pigments

KONSTANZ, Germany - Feb. 21, 2024 - PRLog -- Around the world, green is considered the color of new beginnings, of growth, of life. However, finding truly "green" pigments is a challenge: cadmium, cobalt, copper and other heavy metals can be dangerous, while natural earth colors are less durable and more difficult to process. Nevertheless, the outlook for manufacturers and distributors of these small, coloring particles is predominantly positive.

Construction industry is the main customer for pigments

By far the most important sales market for the pigment industry is the paints and coatings application area, which currently consumes around 5 million tonnes of pigments per year. Around 2.5 million tonnes of this is accounted for by interior and exterior paints for the construction industry. There are major regional differences in the use of pigments, which is why Ceresana's current market study examines the individual application areas "paints and coatings", "plastics" and "printing inks" in detail.

Colorful plastics, building materials, printing inks

Plastics are the second largest area of application for pigments. Around 1.4 million tonnes of pigments are used every year for rigid and flexible packaging alone. Pigments are also used for numerous industrial plastic products. They are followed by construction materials, printing inks and paper. In contrast, soluble dyes are used instead of pigments for coloring liquids, such as textiles or inks. However, some natural dyes can be processed into pigments for paints.

Titanium dioxide, iron oxides and carbon black sell the best

Organic paints and eco-paints use non-toxic natural and mineral pigments, animal and plant dyes that contain no heavy metals and do not emit radioactivity. Organic pigments can be produced in part from biogenic materials – but currently only account for a small share of the  market. The best-selling pigment types are inorganic pigments, especially metal salts. Around 60% of total pigment demand is accounted for by the white pigment titanium dioxide (TiO2). Iron oxide pigments, the most widely used inorganic color pigments, come in second, followed by carbon black.

Current Market Study "Pigments - World" (8th edition):

Chapter 1 provides a description and analysis of the global pigments market - including forecasts up to 2032. Demand is given for the various types of pigments: Titanium dioxide, Carbon Black, Iron oxide, Other inorganic pigments, Organic pigments. The different application areas of pigments are examined: Paints and coatings, Plastics, Paper, Construction materials, Printing inks, other application areas.
Chapter 2 analyzes the 31 countries with the largest pigment markets in detail. Chapter 3 offers a clearly arranged directory of the 62 most important pigment manufacturers..

Further information: https://ceresana.com/en/produkt/pigments-market-report