The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The demand for high-performance pigments and advanced technology engineered pigments such as cool pigments, nano pigments, and pigments made from superior dispersion technologies are expected to drive innovation in synthetic pigments manufacturing, thus driving the market during the forecast period.

The global synthetic pigments market is expected to grow from $44.78 billion in 2022 to $48.52 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The global synthetic pigments market size is expected to grow from $65.49 billion in 2027 at a CAGR of 7.8%.

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Global Synthetic Pigments Market Segments Include:

• By Product Type: Inorganic Pigments, Organic Pigments
• By End User Industry: Paints and Coatings, Plastics, Printing Inks, Textiles, Cosmetics and Personal Care, Other End Use Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global synthetic pigments market in 2021.

Major Market Players in the synthetic pigments market include BASF SE, Archroma, DyStar, Huntsman, Clariant, Synthesia, Cromatos, Atul, Waterside colors, and DIC Corp.

Recently, there has been an increasing migration of manufacturing capacities from the West to low-cost countries in the Asia-Pacific region. This is mainly due to stringent environmental compliance in Europe and North America. Gradually maturing production technologies and the presence of strong downstream customer bases within countries such as China and India have been driving the demand for pigments in these countries in recent years. Examples of companies that have moved their manufacturing facilities to the Asia region are Huntsman Corp., DyStar, and Clariant.

The Synthetic Pigments Global Market Report 2023  provides a synthetic pigments market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The synthetic pigments market forecast analyzes synthetic pigments market size, synthetic pigments market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The synthetic pigment is a carbon-based molecule made from petroleum compounds, acids, and other chemicals. The synthetic pigments are used in products containing insoluble materials and minerals to endure high heat, intense light, and exposure to weather or chemical agents.

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