Coating Pigments Market Trends and Forecast
The future of the global coating pigments market looks promising with opportunities in the automotive, architectural, aerospace & defense, marine, and general industry markets. The global coating pigments market is expected to reach an estimated $32.0 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are increasing demand for eco-friendly and sustainable pigments, growth in the construction and automotive sectors globally, and rising investments in R&D for high-performance coatings.
• Lucintel forecasts that organic coating pigment is expected to witness higher growth over the forecast period.
• Within this market, automotive is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Coating Pigments Market
• United States: Companies like Sherwin-Williams and PPG Industries are expanding their production capacities for eco-friendly pigment formulations, aligning with government targets to reduce environmental impact.
• China: Chinese firms such as DIC Corporation and BASF are investing in R&D to develop high-performance pigments, supported by government initiatives promoting innovation in sustainable coatings.
• Germany: BASF has announced a partnership with local universities to enhance pigment research, aiming to achieve carbon neutrality by 2030, in line with national sustainability goals.
• India: Asian Paints and Berger Paints are focusing on enhancing pigment quality for premium coatings, encouraged by government incentives promoting indigenous manufacturing under the ÄX%$%XMake in IndiaÄX%$%X campaign.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Coating Pigments Market by Segment
The study includes a forecast for the global coating pigments market by type, application, and region.
Coating Pigments Market by Type [Value from 2018 to 2030]:
• Organic Coating Pigments
• Inorganic Coating Pigments
Coating Pigments Market by Application [Value from 2018 to 2030]:
• Automotive
• Architectural
• Aerospace & Defense
• Marine
• General Industries
• Others
Coating Pigments Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Coating Pigments Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies coating pigments companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the coating pigments companies profiled in this report include-
• Akzonobel
• Sherwin-Williams
• RPM International
• Nippon Paint
• Axalta Coating Systems
• BASF
• Kansai Paint
Recent Development in the Coating Pigments Market
• BASF SE: BASF launched a new range of high-performance pigments aimed at enhancing the durability and color vibrancy in architectural coatings, catering to the growing demand for sustainable solutions.
• Sherwin-Williams: Sherwin-Williams announced a strategic partnership with a leading technology firm to integrate smart pigment solutions into their coatings, focusing on improving efficiency and performance in industrial applications.
• PPG Industries: PPG Industries introduced a breakthrough inorganic pigment technology designed to reduce carbon footprint in automotive coatings, aligning with their sustainability goals and regulatory standards.
• Akzo Nobel: Akzo Nobel expanded its production capacity for organic pigments in Asia-Pacific, aiming to meet the rising demand in the regionÄX%$%Xs construction and automotive sectors, emphasizing local market responsiveness.
• Clariant: Clariant unveiled a new generation of pigments featuring enhanced weather resistance and light stability for use in high-performance coatings, targeting the aerospace and marine industries.
Features of the Global Coating Pigments Market
Market Size Estimates: Coating pigments market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Coating pigments market size by type, application, and region in terms of value ($B).
Regional Analysis: Coating pigments market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the coating pigments market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the coating pigments market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the coating pigments market size?
Answer: The global coating pigments market is expected to reach an estimated $32.0 billion by 2030.
Q2. What is the growth forecast for coating pigments market?
Answer: The global coating pigments market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the coating pigments market?
Answer: The major drivers for this market are increasing demand for eco-friendly and sustainable pigments, growth in the construction and automotive sectors globally, and rising investments in R&D for high-performance coatings.
Q4. What are the major segments for coating pigments market?
Answer: The future of the coating pigments market looks promising with opportunities in the automotive, architectural, aerospace & defense, marine, and general industry markets.
Q5. Who are the key coating pigments market companies?
Answer: Some of the key coating pigments companies are as follows:
• Akzonobel
• Sherwin-Williams
• RPM International
• Nippon Paint
• Axalta Coating Systems
• BASF
• Kansai Paint
Q6. Which coating pigments market segment will be the largest in future?
Answer: Lucintel forecasts that organic coating pigment is expected to witness higher growth over the forecast period.
Q7. In coating pigments market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the coating pigments market by type (organic coating pigments and inorganic coating pigments), application (automotive, architectural, aerospace & defense, marine, general industries, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Coating Pigments Market Market, Coating Pigments Market Market Size, Coating Pigments Market Market Growth, Coating Pigments Market Market Analysis, Coating Pigments Market Market Report, Coating Pigments Market Market Share, Coating Pigments Market Market Trends, Coating Pigments Market Market Forecast, Coating Pigments Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.