March 03, 2020
The research report on ‘Europe Pigments Market Size By Application, Product, Industry Analysis Report, Country Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2025’, which is available with Market Study Report LLC, provides complete analysis of the key industry trends and the estimated growth rate of Europe pigments market.
According to the report, Europe pigments market is expected to exceed USD 4 billion by the year 2025. Rapid expansion of paints & coatings, printing ink, and construction industry coupled with growing inclination towards specialty colorants are major factors driving the Europe pigments market growth. The market is further expected to expand owing to easy availability of ideal substitutes for synthetic inorganic pigments. Technological advancements in coating processes are also stimulating the industry outlook in Europe.
Based on the product landscape, the specialty colorants market segment is expected to record substantial growth during the forecast period. Growing demand for luminescent and fluorescent pigments are contributing towards the popularity of the product in the region. On the other hand, printing ink market segment held a big share of the overall market in the year 2018 and is presumed to expand continuously in the subsequent years. Factors such as appearance and color of printing ink are major factors driving the segmental growth.
Elaborating on the application spectrum, paints & coatings industry held the largest share in the Europe pigments market in the year 2018 and is estimated to witness a decent growth rate in the forthcoming years. Factors such as growing construction sector and rising demand for printing ink are facilitating the business scenario. Growing demand for plastics and technological improvements are also boosting the growth of the segment.
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Cathay Industries, Huntsman Corporation, DIC Corporation, Merck, Clariant, Lanxess, and BASF are the prominent companies operating in the Europe pigments market.
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