Asia-Pacific Pigments Market – Growth, Trends, and Forecast (2019 – 2024)

The Asia-Pacific Pigments Market is segmented by Product Type (Inorganic, Organic, Specialty Pigments, and Other Product Types), Application (Paints and Coatings, Textiles, Printing Inks, Plastics, Leather, and Other Applications), and Geography.

Market Snapshot

asia pacific pigment
Study Period:

2016-2024

Base Year:

2018

Key Players:

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Market Overview

The Asia-Pacific pigments market is expected to register a CAGR of more than 6.5% during the forecast period, 2019 – 2024. Growing demand from the paints and coatings industry is expected to drive the growth of the market.

  • Stringent government regulations are expected to hinder the growth of the market during the forecast period.
  • China dominated the market across the Asia-Pacific, with the largest consumption. This is primarily due to the rising demand for paints and coatings from various industries.

Scope of the Report

The Asia-Pacific pigments market report includes:

By Product Type
Inorganic
Titanium Dioxide
Zinc Oxide
Other Product Types
Organic
Specialty Pigments and Others
By Application
Paints and Coatings
Textiles
Printing Inks
Plastics
Leather
Other Applications
Geography
China
India
Japan
South Korea
Australia & New Zealand
Rest of Asia-Pacific

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Key Market Trends

Increasing Demand from Paints and Coatings

  • With the steady growth of the construction sector, the demand for paints and coatings has been increasing in numerous countries, across the world, thereby increasing the demand for vibrant shades/pigments.
  • The outlook for Asia's construction industry, in the coming years, remains positive, with the region's real estate growth estimated to reach over 5%, during 2019.
  • Southeast Asia is expected to be a major construction market, in the years to come. According to the Global Construction 2030 (published by Global Construction Perspectives and Oxford Economics), Southeast Asia’s construction market is anticipated to exceed USD 1.0 trillion, by 2030. This prediction is underpinned by global geopolitical trends that see the BRIC region making way for ICASA (India, China, Africa, and Southeast Asia), to be the world’s new economic epicenter.
  • With the increasing demand for paints and coatings, there is a rise in the production of paints and coatings in the region. This, in turn, is also driving the demand for the market studied.
application

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China is Expected to Dominate the Market in the Asia-Pacific Region

  • China is the largest manufacturer of coatings in the Asia-Pacific region, even when the entire coating industry was more or less slowing down in most of the regions.
  • In 2018, China’s construction industry developed rapidly, due to the central government’s push for infrastructure investment, as a means to sustain economic growth.
  • Despite the volatile growth in the real estate sector, the significant development of rail and road infrastructure by the Chinese government to withstand the expanding industrial and service sectors, has resulted in a significant growth of the Chinese construction industry in the recent years. As the construction industry is dominated by state-owned enterprises, the increased government spending is boosting the industry in the country.
  • Additionally, the packaging industry has witnessed noticeable growth, with the increased trend of express deliveries. During 2018, express delivery companies delivered more than 40 billion parcels in the country, which reflects around 28% increase over the past year.
  • Hence, with the growth in the various industries in the country, the consumption of paints and coatings, plastics, and textiles is increasing, which in turn, is expected to drive the demand in the market studied during the forecast period.
cpountry

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Competitive Landscape

The Asia-Pacific pigments market is consolidated. The major companies include BASF SE, Clariant, The Chemours Company, Venator Materials PLC, and Lanxess, among others.

Major Players

  1. BASF SE
  2. Clariant
  3. The Chemours Company
  4. Venator Materials PLC
  5. Lanxess

* Complete list of players covered available in the table of contents below

consoli

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand From the Paints and Coatings Industry

      2. 4.1.2 Rising Demand for Textiles in India

    2. 4.2 Restraints

      1. 4.2.1 Stringent Government Regulations on Coatings

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Patent Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Inorganic

        1. 5.1.1.1 Titanium Dioxide

        2. 5.1.1.2 Zinc Oxide

        3. 5.1.1.3 Other Product Types

      2. 5.1.2 Organic

      3. 5.1.3 Specialty Pigments and Others

    2. 5.2 By Application

      1. 5.2.1 Paints and Coatings

      2. 5.2.2 Textiles

      3. 5.2.3 Printing Inks

      4. 5.2.4 Plastics

      5. 5.2.5 Leather

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Japan

      4. 5.3.4 South Korea

      5. 5.3.5 Australia & New Zealand

      6. 5.3.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Altana AG

      2. 6.4.2 BASF SE

      3. 6.4.3 Clariant

      4. 6.4.4 DIC Corporation

      5. 6.4.5 Lanxess

      6. 6.4.6 Pidilite Industries Ltd

      7. 6.4.7 Sudarshan Chemical Industries Limited

      8. 6.4.8 The Chemours Company

      9. 6.4.9 Tronox Holdings PLC

      10. 6.4.10 Venator Materials PLC

      11. 6.4.11 Wellton Chemical Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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