Pigments Market: By Product Type, By application and Region Forecast 2020-2031

Pigments Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Organic Pigments, Inorganic Pigments, Specialty Pigments), By application (Paints and Coatings, Textiles, Printing Inks, Plastics, Others) and Region Forecast 2020-2031

Pigments Market size was valued at US$ 30,401 million in 2024 and is expected to reach US$ 43,786 million by 2031, growing at a significant CAGR of 5.4% from 2025-2031. Rapid urbanization is a result of growing populations in both developed and developing economies, including the United States, China, India, and others. In order to create different prospective infrastructure projects, this has led to a rise in government spending on the building and construction sectors. In the building industry, pigments are an essential part of paints and coatings. Furthermore, pigments are added to cement-based goods like concrete to give them color and enhance their look. These elements are expected to support the expanding building and construction industry's need for pigments.

Key Developments:

  • In April 2023, A strategic relationship was formally announced between Additiva, a well-known Brazilian distributor that specializes in chemical supplies, and Kronos Worldwide Inc. The main goal of the partnership will be to supply the Brazilian market with a wide variety of titanium dioxide pigments.
  • In November 2022, The Iron Oxide Pigment Operations of Venator were fully acquired by Cathay Industries. Cathay Industries is a well-known producer with a focus on the environment and a global reach. They specialize in offering full solutions for inorganic pigments.

Pigments Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

5.4%

Largest Market

Asia-Pacific

Fastest Growing Market

Asia-Pacific

Pigments Market Dynamics

The primary drivers propelling the pigments market are the expansion of end-user industries, the increasing need for high performance pigments (HPP), and the growing inclination towards eco-friendly products. Pigments are used in many different applications, such as paints and coatings, textiles, building materials, printing inks, and polymers. The necessity for weather-resistant pigments that last has increased due to an increase in construction activity. Additionally, the market for pigments is growing due to the growing requirement to protect structures from fungi, rust, and moisture. However, the factors limiting the growth of the worldwide market are the volatility of material prices, global overcapacity, and environmental concerns. In addition, the growing consumer demand for packaged food items presents a fresh chance for the market to expand.

Pigments Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2024

US$ 30,401 million

Market Size in 2031

US$ 43,786 million

Market CAGR

5.4%

By product type

  • Organic Pigments
  • Inorganic Pigments
  • Specialty Pigments

By Application

  • Paints and Coatings
  • Textiles
  • Printing Inks
  • Plastics
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The pigments market report provides granular level information about the market size, regional market share, historic market (2020-2024), and forecast (2025-2031)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter Five Force Analysis.

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Frequently Asked Questions

Pigments market size was valued at US$ 30,401 million in 2024 and is expected to reach US$ 43,786 million by 2031, growing at a significant CAGR of 5.4% from 2025-2031.

The rise in construction activity has increased the demand for long-lasting pigments that can withstand harsh conditions.

Increasing demand for pigments in the paints and coatings industry.

Asia-Pacific is the fastest-growing region for market.

Author image

Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1.Executive Summary
2.Global Pigments Market Introduction 
2.1.Global Pigments Market  - Taxonomy
2.2.Global Pigments Market  - Definitions
2.2.1.product type
2.2.2.Application
2.2.3.Region
3.Global Pigments Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Pigments Market Analysis, 2020 - 2024 and Forecast 2025 - 2031
4.1.  Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Pigments Market  By product type, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
5.1. Organic Pigments
5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Inorganic Pigments
5.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Specialty Pigments
5.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Pigments Market  By Application, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
6.1. Paints and Coatings
6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Textiles
6.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Printing Inks
6.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Plastics
6.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7.Global Pigments Market  By Region, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Pigments Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
8.1. product type Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Organic Pigments
8.1.2.Inorganic Pigments
8.1.3.Specialty Pigments
8.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Paints and Coatings
8.2.2.Textiles
8.2.3.Printing Inks
8.2.4.Plastics
8.2.5.Others
8.3.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Pigments Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
9.1. product type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Organic Pigments
9.1.2.Inorganic Pigments
9.1.3.Specialty Pigments
9.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Paints and Coatings
9.2.2.Textiles
9.2.3.Printing Inks
9.2.4.Plastics
9.2.5.Others
9.3.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
10.Asia Pacific (APAC) Pigments Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
10.1. product type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Organic Pigments
10.1.2.Inorganic Pigments
10.1.3.Specialty Pigments
10.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Paints and Coatings
10.2.2.Textiles
10.2.3.Printing Inks
10.2.4.Plastics
10.2.5.Others
10.3.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Pigments Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
11.1. product type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Organic Pigments
11.1.2.Inorganic Pigments
11.1.3.Specialty Pigments
11.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Paints and Coatings
11.2.2.Textiles
11.2.3.Printing Inks
11.2.4.Plastics
11.2.5.Others
11.3.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Pigments Market ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million)
12.1. product type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Organic Pigments
12.1.2.Inorganic Pigments
12.1.3.Specialty Pigments
12.2.  Application Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Paints and Coatings
12.2.2.Textiles
12.2.3.Printing Inks
12.2.4.Plastics
12.2.5.Others
12.3.  Country Analysis 2020 - 2024 and Forecast 2025 - 2031 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Altana AG
13.2.2.DIC Corporation
13.2.3.Kronos Worldwide, Inc
13.2.4.Lanxess
13.2.5.LB Group
13.2.6.The Chemours Company
13.2.7.Tronox Holdings Plc
13.2.8.Venator Materials PLC
13.2.9.BASF SE
13.2.10.Gharda Chemicals Limited
13.2.11.Ferro Corporation
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

  • Altana AG
  • DIC Corporation
  • Kronos Worldwide, Inc
  • Lanxess
  • LB Group
  • The Chemours Company
  • Tronox Holdings Plc
  • Venator Materials PLC
  • BASF SE
  • Gharda Chemicals Limited
  • Ferro Corporation

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