Global Pigments Market to be dominated by utilization of pigments in manufacturing of printing inks through 2028
Growing demand of pigments in healthcare
applications are the major drivers for the Global Pigments Market.
According
to TechSci Research report, “Pigments Market –Global Industry Size, Share,
Trends, Competition, Opportunity and Forecast, 2018-2028”, the Global Pigments Market is
anticipated to register a high CAGR during the forecast period. This can be
ascribed to collaborations and partnerships among leading companies with a
diverse approach to merge the expertise of individual companies and to
strengthen their position in the market.
One of the key drivers fueling the growth of the
global pigments market is their extensive use in the manufacturing of printing
inks. These pigments play a crucial role in enhancing the visual appeal and
functionality of printed materials, making them an indispensable component
across various industries. The primary function of pigments in printing inks is
to impart the desired color to the printed material. Unlike dyes that dissolve
in the ink, pigments are insoluble and remain suspended within the ink
formulation. This characteristic gives pigments an advantage in terms of
stability and color retention, particularly when exposed to external elements
such as light, heat, and chemicals. This stability ensures that printed
materials maintain their intended color and vibrancy over time. The textile
industry heavily relies on pigments to achieve vibrant and durable prints on
fabrics. From clothing to home textiles, pigments in printing inks enable the
creation of intricate patterns and designs that withstand numerous washes while
retaining their brilliance. Magazines, books, and newspapers utilize pigmented
inks to create visually appealing visuals and legible text. These inks not only
enhance the aesthetic appeal of printed materials but also improve readability
and enhance the overall reading experience. As industries across various
sectors strive to create visually appealing and functional printed materials,
the demand for pigmented inks continues to rise. Pigments play a vital role in
medical imaging techniques such as X-ray, computed tomography (CT), and
magnetic resonance imaging (MRI). Contrast agents, which contain pigments,
enhance the visibility of specific structures or abnormalities within the body.
These pigments enable clinicians to obtain clearer and more accurate images,
facilitating the diagnosis of conditions ranging from cardiovascular diseases
to cancer. In recent years, pigments have gained significant traction in drug
delivery systems.
By encapsulating therapeutic agents within
pigment-based nanoparticles, researchers can enhance drug stability, control
release rates, and target specific cells or tissues. This innovation has
revolutionized the pharmaceutical industry, improved drug delivery efficiency
and reducing potential side effects. Pigments are also integral to the
development of biosensors, which are devices that detect and measure biological
molecules. These sensors can aid in the early detection of diseases such as
diabetes and infections. Pigments, acting as signal transducers, amplify the
response of the sensor and enhance its sensitivity and accuracy. In tissue
engineering and wound healing, pigments play a pivotal role in the development
of biocompatible materials. Pigments are incorporated into scaffolds and
dressings to promote cell growth, tissue regeneration, and wound healing. The use
of pigments in these applications accelerates healing processes and improves
patient outcomes. Moreover, pigments are employed in dental materials and
medical devices for various functions, including coloring dental ceramics and
enhancing the visibility of surgical instruments. In prosthetics and orthopedic
implants, pigments are utilized to create aesthetically pleasing and functional
solutions for patients. Furthermore, the convergence of pigments with
healthcare is not only expanding the utility of pigments but also diversifying
their market base. Strategic partnerships and collaborations enable companies
to broaden their product offerings, catering to a wider range of applications
and industries. Pigments are used in diverse sectors, and each sector requires
pigments with distinct properties. By collaborating with experts from various
fields, pigment manufacturers can tailor their products to specific
requirements, unlocking new markets and revenue streams. For instance,
partnering with companies in the automotive sector can lead to the development
of pigments that are resistant to harsh environmental conditions, enhancing the
longevity and vibrancy of automotive coatings. The collaboration between Dawn
Richard and Spencer Zahn has received attention for its innovative approach to
music-making, blending their unique styles and creating a dynamic and colorful
musical experience. The album "Pigments" showcases their shared
vision and artistic exploration through the world of sound and color.
However, lack in availability and high cost of raw
materials are expected to slow down the growth of the market in the coming
years.
Browse
over XX market data Figures and spread through 173 Pages and an in-depth TOC
on "Global Pigments Market.”
The Global Pigments Market segmentation is based on
Type, Application, By Company, and Region.
Some
of the major companies operating in the Global
Pigments Market include:
- BASF SE
- Huntsman International LLC
- LANXESS AG
- Clariant International Ltd.
- Merck KGaA
- Kronos Worldwide, Inc.
- Cabot Corporation
- Tata Pigments Ltd.
- The Shepherd Color Company
- DIC Corporation
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“Certain regions, particularly the Asia
Pacific, are projected to exert significant demand for pigments worldwide. The
growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhancing their pigments productivity
each year, are expected to contribute to a remarkable growth of the Global
Pigments Market in the forecast period," said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based Global management consulting
firm.
Global
Pigments Market By Type (Inorganic, Organic, and Specialty), By Application
(Paints and Coatings, Plastics, Printing Inks, Construction and Others), By
Region, Competition, Forecast and Opportunities, 2029 has
evaluated the future growth potential of Global Pigments Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide innovative market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Pigments Market.
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