(I-BusinessNews.Com, March 16, 2019 ) Fact.MR has actively published a new research study titled ÂCoating Pigments Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2027Â to its broad online database. This assessment works to discourse the major trends, opportunities and drivers motivating the ÂCoating Pigments MarketÂ during the period between . The i2018-2027nsights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.
TheÂ coating pigments marketÂ remains consolidated at the top and fragmented at the bottom, with a large-scale presence of regional players. The tier 1 players account for around 55-60% of revenue share with strategic policies in tune with latest market trends and diverse customer needs.
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High Gains from Architectural Industry
Notable positive trends influencing coatings pigment sales in the architectural industry, ranging from preference for hardwood flooring, and shift from wallpapering toward painting, have gained increased palpability. Coatings pigment sales in the architectural industry have also been influenced by development of innovative technologies for interior decorative applications.
Coatings pigment sales in the architectural industry are estimated at 4,400,000 tons in 2018, registering a Y-o-Y growth of over 4%. Majority of this growth can be attributed to contribution of innovations, which in turn are spurring investments in the novel pigment technology development. Increasing efficiency and strength of pigments is currently a key focus area among manufacturers for delivering added value to end-users.
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The coating pigments market report also features a detailed taxonomy of the coating pigments market on the basis of various segments, such as composition type, product type, end use industry, and by region. By composition type, the coating pigments market has been classified into extenders/fillers, titanium dioxide, color pigments, and others (anticorrosive, metallic, pearlescent). By product type, the color pigments market has been segmented into inorganic and organic. By end use industry, the color pigments market has been classified into automotive, protective and marine, refinish, architectural, aerospace, packaging, and general.
Inorganic pigments are fundamentally manufactured from mineral compounds comprising of complex metal oxides. The popularity of inorganic coating pigments is increasing amid the end-user marketplace, owing to exceptional color stability and heat resistance offered. Functionality of inorganic pigments offers the convenience to be tailored as per requirement with excellent durability, which is another key factor accentuating its demand. However, potential side-effects related to the use of inorganic coating pigments might dent end-user confidence by a certain level.
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