Take Up Global Synthetic Pigments Market Opportunities with Clear Industry Data – Includes Synthetic Pigments Market Analysis
The Business Research Company’s report goes into great detail on the synthetic pigments market size and growth, synthetic pigments market regional analysis, synthetic pigments market competitive landscape, and other critical information needed to excel in the synthetic pigments industry.
Major players in the synthetic pigments market include The Chemours Company, Tronox Holdings plc, BASF SE, Kronos Worldwide, Inc., Venator Materials PLC
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The synthetic pigments market is expected to grow from $35.90 billion in 2020 to $44.77 billion in 2025 at a rate of 4.5%. The synthetic pigments market is then expected to grow at a CAGR of 3.1% from 2025 and reach $52.10 billion in 2030.
Western Europe was the largest region in the synthetic pigments market, accounting for 32.1% of the total in 2021.
The synthetic pigments market consists of sales of pigments by entities that produce synthetic pigments which are generally solvent-insoluble substances that impart color to other materials without chemically binding to them. Synthetic pigments are generally applied on target materials along with an adhesive substance or a binding agent. The pigments are mostly applied on products as finely grounded solid particles mixed with a liquid.
The demand for high performance pigments and advanced technology engineered pigments such as cool pigments, nano pigments and pigments made from superior dispersion technologies is expected to drive the synthetic pigments market.
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Many synthetic pigments manufacturers are adopting IoT (Internet of Things) technology to connect equipment and smart devices to obtain real time insights and identify inefficiencies in the manufacturing process. The data obtained is processed, analyzed, and interpreted by plant managers and senior level management to improve quality, achieve optimum production levels, and reduce operational costs. IoT is a network of physical devices embedded with sensors, software, and electronics that continuously exchange data. IoT also help manufacturers in predictive maintenance of equipment and reducing downtime.
TBRC’s Global Synthetic Pigments Market Report Is Segmented:
By Product Type: Inorganic Pigments, Organic Pigments
By End-User Industry: Paints and Coatings, Plastics, Printing Inks, Textiles, Cosmetics and Personal Care, Others
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Synthetic Pigments Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the synthetic pigments market globally and regionally, analyzes and forecasts market size, share, synthetic pigments market players, synthetic pigments market segments, leading competitor revenues, profiles and market shares.
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