Pigments Market Estimated to Rise at a Lucrative CAGR of 4.5% During 2017-2026
The global pigments market was valued at US$ 29,049.45 Mn in 2017 and is anticipated to expand at a CAGR of 4.5% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘ Pigments Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026. ’ The global pigments market is driven by rise in the demand for paints and coatings. Asia Pacific accounts for a major share of the global pigments market, due to increase in the demand for paints and coatings in the region. Increase in consumption of paints and coatings to drive market Paints and coatings are used to decorate and protect objects that they cover. Paints and coatings are employed in various end-user industries such as aerospace, automotive, architectural & refinishing, and building & construction. Pigments used in paints and coatings offer key attributes such as color strength, coverage, durability, chemical inertness, light and weat...