Synthetic Pigments Global Market Report 2024

Global Synthetic Pigments Market Report 2024

Synthetic Pigments Global Market Report 2024 – 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) – Market Size, Trends, And Global Forecast 2024-2033

Name: Synthetic Pigments Global Market Report 2024
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Synthetic Pigments Global Market Report 2024

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Synthetic Pigments Global Market Report 2024

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Synthetic Pigments Market Definition

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.

The main product types of synthetic pigments market are inorganic pigments and organic pigments. Inorganic pigments are metal oxides and/or synthetic chemicals, which have very simple compositions but are finding wide use in paints and coatings. The various end-use industries are paints and coatings, plastics, printing inks, textiles, cosmetics, personal care, and other end-use industries.

Synthetic Pigments Market Segmentation

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

Global Synthetic Pigments Market Size 2023 to 2028: Graph

Synthetic Pigments Market Size 2024 And Growth Rate

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.

Synthetic Pigments Market Growth Forecast

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 growth in the forecast period can be attributed to rising demand for high performance pigments and high demand from end user industries. Major trends in the forecast period include adopting iot technology to enhance manufacturing efficiencies, implement big data analytics in operations to reduce energy consumption, adopting sustainable and ecofriendly processes to manufacture organic pigments, low production costs, investing in technology advancements, investing in r&d to develop products with enhanced properties and focus on entering into merger and acquisition agreements with emerging companies.

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Synthetic Pigments Market Driver: Expanding Horizons With High-Performance Pigments Redefine End-Use Industries

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 pigment market. These new and advanced pigments have the capability to cater to the fast-growing novel end-use industries and technologies such as 3D printing, the automotive industry, and others. For instance, DIC Corporation, a Japan-based chemical company, launched Sunbrite Yellow 74, an azo-based high-performance pigment on the market. High-performance pigments are becoming more affordable, and their market share is expected to increase rapidly.

Synthetic Pigments Market Driver: Textile Industry's Influence Driving Growth In The Synthetic Pigments Market

Increasing demand from the textile industry is expected to propel the growth of the synthetic pigments market going forward. The textile industry refers to a sector of the economy involved in producing textiles, which are materials primarily composed of fibers. Synthetic pigments are often more cost-effective than natural dyes, making them attractive for large-scale textile production. For instance, in May 2023, according to Textile World, a US-based magazine covering the textile industry, textile and apparel exports in the US totaled $34 billion in 20022, up from $28.4 billion in 2021. Therefore, the increasing demand for the textile industry drives the synthetic pigments market.

Global Synthetic Pigments Market Major Players

Major companies operating in the synthetic pigments market report are The Chemours Company, Tronox Holdings plc, BASF SE, Kronos Worldwide Inc., Venator Materials PLC, Lanxess AG, Clariant, Merck Group, Altana AG, DIC Corporation, Hangzhou Tiankun Chem Co. Ltd, Qingdao Haiwan Specialty Chemicals Co. Ltd, Hangzhou Chungyo Chemicals, Hangzhou Han-color Chemical Co. Ltd., Kiri Industries Ltd., Heubach India, Atul Ltd., Clariant Chemicals (India) Ltd., K. Sakai & Co. Ltd., Asahi Songwon Colors Ltd., Atul Ltd., Sudarshan Chemical Industries Ltd., Taoka Chemical Co. Ltd., Toyo Ink SC Holdings Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd.

Global Synthetic Pigments Market Restraint: Health And Environment Concerns With The Shift From Chemical To Natural Pigments

The growing awareness about the adverse health effects of certain synthetic pigments is pushing pigment manufacturers to shift from chemical-based synthetic pigments to natural pigments, negatively impacting the market. Manufacturers are focusing on shifting from chemical pigments to natural pigments to cater to consumer preferences for new textile colors that are also environmentally friendly. Synthetic pigments also have adverse effects on the health of people and the environment due to how emerging economies are shifting to natural pigments. Several developed and developing countries have imposed a ban on the import of synthetic pigments. The use of azo pigments is banned in developing countries such as India owing to their environmental and health impacts.

Global Synthetic Pigments Market Trend: Manufacturing Migration Pigment Production Shifts To Asia-Pacific

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.

Global Synthetic Pigments Market Trend: Lumina Hd Pigments Setting New Standards In The Synthetic Pigment Industry

Major companies operating in synthetic pigments are developing innovative pigments such as Lumina HD to gain a competitive edge in the market. Lumina HD pigments are high-definition effect pigments based on fine fraction synthetic mica useful for automotive stylings and other coatings applications, including aerospace, general industrial and powder coatings. For instance, in May 2023, Sun Chemical, a US-based chemical company launched Lumina HD, a new family of high-definition effect pigments based on fine fraction synthetic mica. These deliver the highest performance properties including exceptional chroma, enhanced distinctness of image and subtle sparkle and provide designers new latitude to create unique shades in the red to maroon and blue color areas.

Synthetic Pigments Market Merger And Acquisition: Dic Corporation's Strategic Acquisition Of Basf's Global Pigments Business

In June 2021, DIC Corporation, a Japanese chemical company completed the acquisition of BASF’s global pigments business, known as BASF Colors & Effects, for an undisclosed amount. The acquisition of BASF will strengthen DIC Corporation in the global pigments business. BASF is a German-based producer of chemicals and is also well known for its portfolio in segments such as chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions.

Regional Analysis For The Global Synthetic Pigments Market

Asia-Pacific was the largest region in the synthetic pigments market in 2023. Western Europe was the second-largest region in the synthetic pigments market report. The regions covered in the synthetic pigments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the synthetic pigments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

The synthetic pigments market consists of the sales of alizarin, azo-pigments, phthalocyanine, quinacridone, and metal compounds. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The synthetic pigments market research report is one of a series of new reports from The Business Research Company that provides synthetic pigments market statistics, including synthetic pigments industry global market size, regional shares, competitors with a synthetic pigments market share, detailed synthetic pigments market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic pigments industry. The synthetic pigments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Synthetic Pigments Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$54.37 billion
Revenue Forecast In 2033	$76.43 billion
Growth Rate	CAGR of 8.9% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	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
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	The Chemours Company; Tronox Holdings plc; BASF SE; Kronos Worldwide Inc.; Venator Materials PLC; Lanxess AG; Clariant; Merck Group; Altana AG; DIC Corporation; Hangzhou Tiankun Chem Co. Ltd; Qingdao Haiwan Specialty Chemicals Co. Ltd; Hangzhou Chungyo Chemicals; Hangzhou Han-color Chemical Co. Ltd.; Kiri Industries Ltd.; Heubach India; Atul Ltd.; Clariant Chemicals (India) Ltd.; K. Sakai & Co. Ltd.; Asahi Songwon Colors Ltd.; Atul Ltd.; Sudarshan Chemical Industries Ltd.; Taoka Chemical Co. Ltd.; Toyo Ink SC Holdings Co. Ltd.; Dainichiseika Color & Chemicals Mfg. Co. Ltd.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Synthetic Pigments Market Characteristics

3. Synthetic Pigments Market Trends And Strategies

4. Synthetic Pigments Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Synthetic Pigments Market Size and Growth

5.1. Global Synthetic Pigments Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Synthetic Pigments Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Synthetic Pigments Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Synthetic Pigments Market Segmentation

6.1. Global Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Inorganic Pigments

Organic Pigments

6.2. Global Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Paints and Coatings

Plastics

Printing Inks

Textiles

Cosmetics and Personal Care

Other End Use Industries

7. Synthetic Pigments Market Regional And Country Analysis

7.1. Global Synthetic Pigments Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Synthetic Pigments Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Synthetic Pigments Market

8.1. Asia-Pacific Synthetic Pigments Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Synthetic Pigments Market

9.1. China Synthetic Pigments Market Overview

9.2. China Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Synthetic Pigments Market

10.1. India Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Synthetic Pigments Market

11.1. Japan Synthetic Pigments Market Overview

11.2. Japan Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Synthetic Pigments Market

12.1. Australia Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Synthetic Pigments Market

13.1. Indonesia Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Synthetic Pigments Market

14.1. South Korea Synthetic Pigments Market Overview

14.2. South Korea Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Synthetic Pigments Market

15.1. Western Europe Synthetic Pigments Market Overview

15.2. Western Europe Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Synthetic Pigments Market

16.1. UK Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Synthetic Pigments Market

17.1. Germany Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Synthetic Pigments Market

18.1. France Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Synthetic Pigments Market

19.1. Italy Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Synthetic Pigments Market

20.1. Spain Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Synthetic Pigments Market

21.1. Eastern Europe Synthetic Pigments Market Overview

21.2. Eastern Europe Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Synthetic Pigments Market

22.1. Russia Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Synthetic Pigments Market

23.1. North America Synthetic Pigments Market Overview

23.2. North America Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Synthetic Pigments Market

24.1. USA Synthetic Pigments Market Overview

24.2. USA Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Synthetic Pigments Market

25.1. Canada Synthetic Pigments Market Overview

25.2. Canada Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Synthetic Pigments Market

26.1. South America Synthetic Pigments Market Overview

26.2. South America Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Synthetic Pigments Market

27.1. Brazil Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Synthetic Pigments Market

28.1. Middle East Synthetic Pigments Market Overview

28.2. Middle East Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Synthetic Pigments Market

29.1. Africa Synthetic Pigments Market Overview

29.2. Africa Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Synthetic Pigments Market Competitive Landscape And Company Profiles

30.1. Synthetic Pigments Market Competitive Landscape

30.2. Synthetic Pigments Market Company Profiles

30.2.1. The Chemours Company

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Tronox Holdings plc

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. BASF SE

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Kronos Worldwide Inc.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Venator Materials PLC

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Synthetic Pigments Market Other Major And Innovative Companies

31.1. Lanxess AG

31.2. Clariant

31.3. Merck Group

31.4. Altana AG

31.5. DIC Corporation

31.6. Hangzhou Tiankun Chem Co. Ltd

31.7. Qingdao Haiwan Specialty Chemicals Co. Ltd

31.8. Hangzhou Chungyo Chemicals

31.9. Hangzhou Han-color Chemical Co. Ltd.

31.10. Kiri Industries Ltd.

31.11. Heubach India

31.12. Atul Ltd.

31.13. Clariant Chemicals (India) Ltd.

31.14. K. Sakai & Co. Ltd.

31.15. Asahi Songwon Colors Ltd.

32. Global Synthetic Pigments Market Competitive Benchmarking

33. Global Synthetic Pigments Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Synthetic Pigments Market

35. Synthetic Pigments Market Future Outlook and Potential Analysis

35.1 Synthetic Pigments Market In 2028 - Countries Offering Most New Opportunities

35.2 Synthetic Pigments Market In 2028 - Segments Offering Most New Opportunities

35.3 Synthetic Pigments Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

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

Table 6: Global Synthetic Pigments Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Asia-Pacific, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: China, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: China, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: India, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: India, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: Japan, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: Japan, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: Australia, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: Australia, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Indonesia, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Indonesia, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: South Korea, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: South Korea, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Western Europe, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Western Europe, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: UK, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: UK, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Germany, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Germany, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: France, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: France, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Italy, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Italy, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Spain, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Spain, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Eastern Europe, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: Eastern Europe, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Russia, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Russia, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: North America, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: North America, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: USA, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: USA, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Canada, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Canada, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: South America, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: South America, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Brazil, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Brazil, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Middle East, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Middle East, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Africa, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Africa, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Synthetic Pigments Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Synthetic Pigments Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Asia-Pacific, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: China, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: China, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: India, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: India, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: Japan, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: Japan, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: Australia, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: Australia, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Indonesia, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Indonesia, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: South Korea, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: South Korea, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Western Europe, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Western Europe, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: UK, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: UK, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Germany, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Germany, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: France, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: France, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Italy, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Italy, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Spain, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Spain, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Eastern Europe, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: Eastern Europe, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Russia, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Russia, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: North America, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: North America, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: USA, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: USA, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Canada, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Canada, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: South America, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: South America, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Brazil, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Brazil, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Middle East, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Middle East, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Africa, Synthetic Pigments Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Africa, Synthetic Pigments Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: The Chemours Company Financial Performance

Figure 52: Tronox Holdings plc Financial Performance

Figure 53: BASF SE Financial Performance

Figure 54: Kronos Worldwide Inc. Financial Performance

Figure 55: Venator Materials PLC Financial Performance

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Frequently Asked Questions

What is the definition of the synthetic pigments market?

How will the synthetic pigments market drivers and restraints affect the synthetic pigments market dynamics? What forces will shape the synthetic pigments industry going forward?

The synthetic pigments market major growth driver - Expanding Horizons With High-Performance Pigments Redefine End-Use Industries. For further insights on the synthetic pigments market, request a sample here

What is the forecast market size or the forecast market value of the synthetic pigments market?

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 growth in the forecast period can be attributed to rising demand for high performance pigments and high demand from end user industries . Major trends in the forecast period include adopting iot technology to enhance manufacturing efficiencies, implement big data analytics in operations to reduce energy consumption, adopting sustainable and ecofriendly processes to manufacture organic pigments, low production costs, investing in technology advancements, investing in r&d to develop products with enhanced properties and focus on entering into merger and acquisition agreements with emerging companies. For further insights on the synthetic pigments market, request a sample here

How is the synthetic pigments market segmented?

The synthetic pigments market 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 For further insights on the synthetic pigments market, request a sample here

Which region has the largest share of the synthetic pigments market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the synthetic pigments market in 2023. Western Europe was the second-largest region in the synthetic pigments market report. The regions covered in the synthetic pigments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the synthetic pigments market, request a sample here.

Who are the major players in the synthetic pigments market?

What are the key trends in the synthetic pigments market?

Major trend in the synthetic pigments market - Manufacturing Migration Pigment Production Shifts To Asia-Pacific. For further insights on the synthetic pigments market, request a sample here.

What are the major opportunities in the synthetic pigments market? What are the strategies for the synthetic pigments market?

For detailed insights on the major opportunities and strategies in the synthetic pigments market, request a sample here.

How does the synthetic pigments market relate to the overall economy and other similar markets?

For detailed insights on synthetic pigments market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the synthetic pigments industry?

For detailed insights on the mergers and acquisitions in the synthetic pigments industry, request a sample here.

What are the key dynamics influencing the synthetic pigments market growth? SWOT analysis of the synthetic pigments market.

For detailed insights on the key dynamics influencing the synthetic pigments market growth and SWOT analysis of the synthetic pigments industry, request a sample here.