Coating Pigments Market to Garner USD 41.9 billion by 2032 - Latest Fact.MR Report

NEW YORK, Feb. 2, 2022 /PRNewswire/ -- The global coating pigments market is expected to increase at a CAGR of 5.5% from 2022 to 2032, from USD 24.5 billion in 2022 to USD 41.9 billion in 2032.

Europe will have almost one-fifth of the global coating pigments market, followed by North America, which will hold around one-fourth of the market.

Coating pigments, which are an important component of coatings raw materials, account for more than 30% of total raw material volume. On the back of rapid development in the construction and infrastructure sector, as well as other end-use sectors, coating pigment dominates the global market in terms of value and volume.

For More Valuable Information on Market Dynamics, Request a Report Sample

https://www.factmr.com/connectus/sample?flag=S&rep_id=2402

New technologies are being introduced by key firms to improve the features and efficiency of coating pigments. Coating pigment demand is being boosted by organic coating pigments. Manufacturers have been drawn to organic coating pigments with improved performance for sustainable products.

There has been an evolution in the formulas of coating solvents, with the goal of achieving better results. Furthermore, coating pigments' current characteristics, such as color variation and effective binding properties, are allowing the coating pigments market to expand. In the foreseeable term, the development of novel coatings solvents is expected to enhance the usage of advanced coating pigments.

The lucrative market for coating pigments in the Asia Pacific area has enticed a number of significant names in the paint and coatings business to relocate their operations there. As a result, East Asia now holds a one-fifth share of the global coating pigments industry.

Key Takeaways:

• German coating pigments market is expected to rise at a CAGR of about 5.6% by 2032.
• China to garner over 72% of the East Asia coating pigments market share.
• Organic coating pigments are expected to gain significant growth in developed regions.
• Demand for coating pigments in architectural application to account for nearly 38% of the market share.

Growth Drivers:

• The coating pigments market has been impacted by an increase in the use of colored packaging materials for a variety of end-use sectors such as food packaging, consumer goods packaging, and so on.
• Increasing demand for thermal preference coatings in residential building, as well as increased use of automotive coatings to address and fulfil the needs of outpacing the automotive sector, are driving the market for coating pigments.

For Critical Insights on Coating Pigments Market, Request for Methodology here

https://www.factmr.com/connectus/sample?flag=RM&rep_id=2402

Competitive Landscape

The development of new products is a prominent trend in the coating pigments industry. Coating pigments producers have boosted their R&D investment, which is reflected in the market's sustained expansion.

Companies are strategically investing in R&D operations in order to spread their manufacturing units across regions in rising economies and gain a new consumer base.

Key Companies Profiled by Fact.MR are –

• PPG INDUSTRIES INC.
• THE Sherwin Williams Company
• DuPont Inc.
• Akzo Nobel N.V.
• BASF SE
• Axalta Coating Systems Ltd.
• Kansai Paint Co., ltd.
• Hempel A/S
• Nippon Paints Holding Co., ltd.
• Jotun Group
• NOF Coatings Pigment Group
• Alucoil
• United Metal Coating LLC
• Jinhu Color Powder Coating Co., ltd.
• The Magni Group, Inc.

More Valuable Insights on Coating Pigments Market

Fact.MR provides an unbiased analysis of the coating pigments market, presenting forecast statistics for the period from (2022-2032). The study divulges compelling insights on the global coating pigments market with a detailed segmentation on the basis of:

• By Composition Type 
• Extenders/Fillers
• Titanium Dioxide (TiO2)
• Color Pigments
• Others (anticorrosive, metallic, pearlscent)
• By Product Type
• Inorganic
• Organic
• By End-Use Industry
• Automotive
• Protective & Marine
• Refinish
• Architectural
• Aerospace
• Packaging
• By Region :
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Key Questions Covered in Coating Pigments Market Report

• The report offers insight into the coating pigments market demand outlook for 2022-2032.
• The market study also highlights projected sales growth for coating pigments market between 2022 and 2032.
• Coating pigments market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
• Coating pigments market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

Explore Fact.MR's Coverage on the Chemical & Materials Domain –

Coating Additives Market Analysis - Coating additives are becoming more and more essential to meet zero-VOC emission standards. Governments all around the world are upping the ante in their efforts to minimize carbon emissions from construction. This has resulted in a significant and rapid shift, which is boosting the market for coating additives.

Architectural Coatings Market Forecast - The building sector is responding to the increase in people migrating to metropolitan areas by developing cheap housing and infrastructure. As a result, demand for diverse equipment and architectural coatings materials is increasing. The need for exterior architectural coatings to protect a structure from moisture, UV rays, and bacteria is growing.

Glass Coatings Market Insights - Due to increased demand for glass coatings from various industries such as automotive, aerospace, marine, aviation, building and construction, the worldwide glass coatings market is expected to develop significantly over the forecast period.

Automotive Coatings Market Trends - Demand and supply trends in the automotive coatings market are still being driven by coating process innovation and automotive design, with automakers researching materials for building multi-substrate designs and manufacturing light-weight cars.

About Fact.MR

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.

Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: [email protected]

SOURCE Fact.MR