The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Synthetic Pigments by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Synthetic Pigments Market:
https://www.thebusinessresearchcompany.com/report/synthetic-pigments-global-market-report
According to The Business Research Company’s Synthetic Pigments, The synthetic pigments market size has grown strongly in recent years. It will grow from $49.55 billion in 2023 to $54.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to emerging markets growth, government incentives, low interest rate environment, increasing textile demand and rise in affordable housing.The synthetic pigments market size is expected to see strong growth in the next few years. It will grow to $76.43 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
The synthetic pigments market is expected to experience growth driven by increasing demand from the textile industry. The textile industry encompasses the production of fabrics and materials made from fibers. Synthetic pigments offer a cost-effective solution compared to natural dyes, making them favorable for large-scale textile manufacturing. For example, in May 2023, Textile World reported that textile and apparel exports in the US reached $34 billion in 2022, up from $28.4 billion in 2021. Consequently, the rising demand from the textile industry is fueling growth in the synthetic pigments market.
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The synthetic pigments market covered in this report is segmented –
1) By Product Type: Inorganic Pigments, Organic Pigments
2) By End User Industry: Paints and Coatings, Plastics, Printing Inks, Textiles, Cosmetics and Personal Care, Other End Use Industries
Top Major Players
The Chemours Company,
Tronox Holdings PLC,
BASF SE,
Kronos Worldwide Inc.,
Venator Materials PLC
The synthetic pigments market report table of contents includes:
1. Executive Summary
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List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Synthetic Pigments Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 51: The Chemours Company Financial Performance
Table 52: Tronox Holdings plc Financial Performance
Table 53: BASF SE Financial Performance
Table 54: Kronos Worldwide Inc. Financial Performance
Table 55: Venator Materials PLC Financial Performance
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