The global paint pigments market has experienced an enormous growth over the past decade and as per MRFR analysis, the global market will grow at higher rate of around 4.8 % during the forecast years.
Various factors are adding to the global paint pigments market share. These factors, as per the new MRFR report, include growing demand for eco-friendly products, burgeoning demand for high performance pigments, growing end user industries, and huge applications, including plastics, printing inks, construction, textile, paints & coatings, and others. Additional factors adding market growth include rapidly growing paint & coating industry, growing demand for organic pigments, a boom in the digital printing industry, increasing investments in research and development, and increasing use of eco-friendly inks such as water-based inks and UV-cured inks.
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Market Research Analysis:
Monocalcium Phosphate has an important proportion in the growth of chemicals and materials market. During the forecast period, it is expected that the Monocalcium Phosphate market will advance with higher growth rate as compared to previous years. The current challenges for the market are fluctuating prices of raw materials. As per MRFR analysis, Asia-Pacific has been estimated as the largest market for Monocalcium Phosphate where North America holds the second largest market. Europe is expected to hold the third position in terms of value and volume. The Middle East & Africa and Rest of the World have a potential scope to grow and are expected to have a health market environment in the forecasted year.
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The Market Research Future Report provides an inclusive segmental analysis of the global paint pigments market based on forms, mixture, and application.
By forms, the global paint pigments market is segmented into powder and liquid.
By mixture, the global paint pigments market is segmented into pigment, binder, and solvent.
By application, the global paint pigments market is segmented into architectural products, residential coatings, industrial coatings, specialty coatings, and others. Industrial coatings are again segmented into aerospace, consumer products, and automotive.
Key players profiled in the paint pigments market report include Dic Corporation, Ei Dupont De Nemours, Evonik Degussa, Shanghai Road Dyestuffs & Chemicals, Synthesia, Sensient Technologies, Clariant, Cabot Corporation, Nippon Kayaku Company, Huntsman Corporation, Dow Chemical Company, and BASF SE. Industry players have incorporated strategies such as strategic alliances, joint ventures, new product launches, extensive R&D activities, mergers and acquisitions, collaborations, and others to create a niche in the market as well as cater to consumers growing needs.
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