Pigment Intermediates Market Scope and Opportunities Analysis 2019 – 2023
Posted by Mangesh Mahajan on July 26th, 2019
Pigment Intermediates Market.
Camex Limited (India), CALSAK CORPORATION (US), Ambuja Intermediates Pvt Ltd (India), Nova International (India), Sugai Chemical IND.CO.,LTD. (Japan), Wellton Chemical Co.,Ltd. (China), Minal Intermediates (India), Seya Industries Ltd. (India), Sarna Chemicals (India), Kawaguchi Chemical Industry Co., LTD (Japan), and Nantong Acetic Acid Chemical Co., Ltd. (China) these are the key players for Pigment Intermediates Market.
Asia-Pacific accounted for the majority of the market share in 2017 due to the high demand for pigment intermediates in the paints & coatings, textiles, construction, paper, and plastics industries. The demand for paints & coatings in automotive, electronics, and consumer goods industries can be attributed to the rapid industrialization and urbanization, which has resulted in an increased number of commercial and residential construction activities. The growth of the automotive industry in the region owing to the rising disposable income and the changing lifestyle of the consumers is driving the global pigment intermediates market. The growth of the electronics industry in China, Malaysia, Thailand, and India is another factor propelling market growth. The use of mobile phones, televisions, gaming devices, laptops, and other electronics, along with initiatives such as Digital India, are likely to fuel product demand in the electronics industry.
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The European market is expected to showcase significant growth due to the high product demand for automotive parts production in the region, especially in Western countries such as Germany, the UK, France, and Italy.
The Latin American market is expected to witness substantial growth due to the high demand in the automotive industry in the region.
North America accounted for the second-largest market share in 2017 due to the growing demand for paints & coatings in the automotive, electronics, and construction industries. The increasing demand for wireless electronic devices due to high standards of living in the region is likely to further fuel demand.
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The global pigment intermediates market has been segmented on the basis of type, end-use industry, and region.
Based on type, the market has been bifurcated into organic and inorganic intermediates.
By end-use industry, the market has been segmented into paints & coatings, textiles, construction, paper, plastics, and others.
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About the AuthorMangesh Mahajan
Joined: July 17th, 2019
Articles Posted: 502
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