represent a promising market due
to their eco-friendly characteristics, besides their high performance. Nevertheless, traditional
and classical products would continue to
occupy leading positions in the organic
pigments market; and low priced products
would gain in volume terms for applications, such as printing inks, which require
lower colorant standards. Growth in the
organic pigments market, however, would
be limited by their higher price as compared to inorganic products, and limited
capability to provide opacity. China has
emerged as a leader in the production of
dyes. Dyes are widely used in China, South
Korea, India, and Taiwan.
Metallic pigments are expected to register a strong wave of growth owing to the
rise in popularity of colored varieties. Eco-friendly products constitute a key growth
area for the manufacturers of metallic pigments. Customers are increasingly demanding products that are eco-friendly
with small carbon footprints, as a result
of which growth of waterborne technology is likely to persist, along with applications, such as powder coatings, that
reduce waste and emissions. Demand for
metallic effects that combine functionality, color, and travel, are also increasing.
Brighter prospects lie ahead for metallic
pigment producers, as automotive industry starts rebounding and market conditions stabilize.
The global pigments and dyes industry
was characterized by a series of consolidations in the recent years. Market players, in order to capture market share,
revitalize assets, expand sales network,
and enhance technology, resorted to consolidations. Mounting concerns over environmental factors, and implementation
of strict regulations across the world are
likely to result in market consolidation in
the coming years. Major players profiled
in the report include Altana AG, BASF SE,
Cathay Pigments Inc., Clariant International Limited, DIC Corporation, Sun
Chemical Corporation, Dainichiseika
Color & Chemicals Mfg. Co., Ltd., E.I. du
Pont de Nemours and Company, Ferro
Corp., Heubach GmbH, Huntsman International LLC, Ishihara Corporation,
Kemira Oyj, Kronos Worldwide Inc.,
Lanxess AG, Merck KGAA, Silberline
Manufacturing Co., Inc., The Shepherd
Color Company, Toyo Ink SC Holdings
Co., Ltd., Tronox Inc., among others.
The research report titled, “Pigments
and Dyes: A Global Strategic Business Report,” published by Global Industry Analysts Inc., provides a comprehensive
review of the pigments and dyes markets,
impact of the global recession on the market, current market trends, key growth
drivers, recent product introductions, recent industry activity, and profiles of
major/niche global as well as regional
market participants. The report provides
annual sales estimates and projections for
pigments and dyes market for the years
2009 through 2017, in both value as well
as volume terms, for the following geographic markets: US, Canada, Japan, Europe, Asia-Pacific, Latin America, and
Rest of World. Key product segments and
sub-segments analyzed include - Inorganic
Pigments (Titanium Dioxide, Iron Oxides
and Others), Organic Pigments, and Dyes
(Acid Dyes, Basic Dyes, Direct Dyes, Disperse Dyes, Fiber Reactive Dyes, Vat Dyes,
Fluorescent Brighteners and Others). Also,
a six-year (2003-2008) historic analysis is
provided for additional perspective.
BRIC paints and varnishes
market valued at $29bn
The paints and varnishes market in the
BRIC (Brazil, Russia, India and China)
countries was valued over US$29 billion
in 2011, representing an increase of 56. 3
percent from the value recorded in 2007,
according to a new report released by Re-portlinker.com. The market recorded positive annual growth rates every year
during the review period (2007-2011),
apart from in 2009 when it declined by
3.2 percent due to the adverse impact of
the global economic crisis. Water-based
paints and varnishes accounted for the
largest share of the BRIC paints and varnishes market in 2011 with a market
share of 46. 4 percent. The second largest
category in the market was solvent-based
paints and varnishes, which recorded a
market share of 26. 6 percent. China was
the largest paints and varnishes market
among the BRIC countries during the review period. The Chinese paints and var-
nishes market grew rapidly and recorded
a CAGR of 16. 90 percent during the review period.
The BRIC countries have played a major
role in the growth of the paints and coatings market during the review period, as
population growth, rapid urbanization, increasing disposable income and focus on
nuclear or smaller families have all combined to considerably raise demand for residential construction.
Global sporting events such as the 2014
FIFA World Cup and the 2016 Olympic
Games in Rio de Janeiro will require substantial construction activity in infrastructure, commercial and residential sectors
over the forecast period which will stimulate growth for paints and varnishes.
Brazil is undergoing an extensive period of reconstruction, with plans to complete 12,265 infrastructure projects
throughout the country by the end of
2016. An investment of US$800 billion
for infrastructure spending is expected in
Brazil over the forecast period, which will
create a large demand for paints and varnishes in the country.
Russia is preparing to host major international events including the 2018 FIFA
World Cup, the 2014 Winter Olympic
Games in Sochi and the 2012 APEC Summit
in Vladivostok which will require substantial construction activity in infrastructure,
commercial, and residential sectors over the
forecast period which will stimulate the
growth for paints and varnishes.
The Indian government announced an
investment of US$514 billion (INR23.5 trillion) in its 11th five-year plan, covering the
2007-2012 period. In addition, the government has increased infrastructure spending,
from seven percent of GDP to 10 percent,
which indicates the potential for increased
infrastructure construction activities that
could require paints and varnishes.
The level of construction activity in
China will increase due to increasing FDI,
rapid urbanization, ongoing industrialization, the expanding manufacturing sector
and government efforts to develop infrastructure. This will create demand for
paints and varnishes in China, enabling the
country’s paints and varnishes market to
achieve a CAGR of 12.91% percent over
the forecast period. CW
