The global chrome pigments market size is projected to reach USD 11,500.0 million by 2028 from USD 9,600.0 million in 2018 and growing at a CAGR of 3.3% during the forecast period (2018-2028). The growth in this market can be attributed to increasing demand for chrome pigments from new application segments such as chemical and personal care products among others along with China’s rising disposable income levels and increase in the number of cosmetics manufacturers.
Chrome pigments are additives to paints and other coatings that provide color. They also have properties such as resistance to heat, acidity, or abrasion which make them popular for use in a variety of products: from automobiles to home appliances. The term “chrome” is derived from the Greek word chroma meaning "color." Chrome colors can be created by including metal salts within an organic pigment (such as carbon), though these days they usually come pre-mixed with a resin binder.
On the basis of types, chrome pigments are segmented into organic and inorganic.
Organic pigments are made from organic compounds that have a very low melting point. They can be used for coloring plastics such as polyvinyl chloride or vinyl flooring along with textiles like nylon or wool carpets because they will not burn at high temperatures. Chemical substances cannot dissolve these types of pigments so they are commonly found in automotive paint products where their special properties can be utilized.
Inorganic pigments are made from inorganic compounds that have a high melting point such as metal oxides or salts. They are commonly used for coloring glass and ceramics because they don't oxidize (change color) at high temperatures, which is why they're often found in pots and pans on the stovetop.
On the basis of application, chrome pigments are segmented into chemical, personal care, others (automotive coatings). In chemical, chrome pigments are used for their ability to produce a wide range of colors. It is typically used as a component of the paint to provide whiteness, opacity, and gloss. Due to its chemical inertness, it also has excellent weather resistance properties. In personal care, chrome pigments are used for their color intensity and a high degree of lightfastness. Chrome pigments are used in personal care to give coloration and enhance the aesthetic appeal of products. For example, we see chrome pigments being used in lipsticks and other cosmetics that require a rich, vibrant color.
Chrome pigments are also used in coloring plastics, paints, coatings for cars or furniture to provide a long-lasting finish with exceptional gloss and durability. The high degree of lightfastness makes chrome pigment an excellent choice.
On the basis of region, chrome pigments are segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The U.S., Canada, and Mexico are the major markets that drive this region's growth owing to their high per capita income levels as well as increased customer awareness about pigmentation-related health benefits. In addition, there has been an increase in development activities focused on producing new technologies/products across all sectors which has resulted in higher investments made towards R&D activities aimed at developing innovative chrome pigment chemicals with improved properties.
The major factors contributing to the growth are rising demand for pigments in developing countries such as China and India owing to increasing construction activities; availability of raw materials that provide cost competitiveness, reduced environmental impact, and increased safety levels (e.g., lead-free); new product launches with advanced features/benefits; increase in production capacities for most sustainable products including organic pigments which will drive suppliers’ capacity expansion plans leading to higher investments made towards R&D activities aimed at developing innovative chrome pigment chemicals with improved properties.
Up Market Research published a new report titled “Chrome Pigments Market research report which is segmented by Types (Organic, Inorganic), By Applications (Chemical, Personal Care, Others), By Players/Companies BASF, Berger Paints India, Kansai Nerolac Paints, Akzonobel, Du Pont, Lanxess”.
|Report Attributes||Report Details|
|Report Title||Chrome Pigments Market Research Report|
|By Type||Organic, Inorganic|
|By Application||Chemical, Personal Care, Others|
|By Companies||BASF, Berger Paints India, Kansai Nerolac Paints, Akzonobel, Du Pont, Lanxess|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||221|
|Number of Tables & Figures||155|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Organic, Inorganic and By Application Chemical, Personal Care, Others.
Some of the companies that are profiled in this report are:
Chrome Pigments Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Chrome Pigments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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