Pigments Prices

Pigments Prices December 2023

The price of pigments in the United States for Q4 2023 reached 2484 USD/MT in December.  Whereas, the price trend for pigments in Japan reached 3142 USD/MT in December 2023.  In Belgium, pigments prices reached 3382 USD/MT in Q4 2023.

Pigments Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Pigments Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of pigments pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of pigments at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of pigments price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing pigments price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Pigments Market Analysis

The global pigments market size reached US$ 29.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 56.2 Billion, at a projected CAGR of 7.40% during 2023-2032.

• The global pigments market is significantly driven by the growth of end-use industries such as construction, automotive, and packaging. In the construction industry, pigments are essential for coloring construction materials such as paints, coatings, and plastics, providing both aesthetic appeal and functional benefits like improved weather resistance. The automotive sector relies heavily on pigments for vehicle coatings, which enhance the visual appeal and provide protection against corrosion and UV radiation. Packaging industries utilize pigments to create visually appealing and brand-specific packaging, which is crucial for product differentiation and consumer attraction. Other than this, the architectural coatings segment holds a majority of shares in the pigments market.
• Technological advancements and innovations in pigment production have significantly revolutionized the global pigments market by introducing high-performance pigments that offer enhanced durability, superior dispersion, and improved color strength. These modern production techniques, such as advanced milling processes and surface treatment technologies, have enabled the creation of pigments that maintain their stability and vividness under harsh conditions, thereby extending their applicability across diverse industries. Innovations such as nano-pigments, which involve pigments with particle sizes at the nanometer scale, have unlocked new possibilities in high-tech fields due to their exceptional optical and electronic properties. These nano-pigments are now integral to the manufacturing of electronic displays, providing sharper and more vibrant visuals, and are also used in photovoltaics to enhance the efficiency of solar cells by improving light absorption and conversion rates. Similarly, organic pigments, which are derived from carbon-based molecules, are gaining prominence due to their environmentally friendly attributes and their versatility in producing a wide spectrum of colors with high tinting strength and brilliance.
• Stringent environmental regulations and a growing emphasis on sustainability are reshaping the global pigments market, driving a shift toward eco-friendly and sustainable alternatives. Governments and regulatory bodies worldwide, such as the European Chemicals Agency (ECHA) and the Environmental Protection Agency (EPA) in the United States, have implemented rigorous regulations limiting the use of heavy metals and toxic substances such as lead, cadmium, and chromium in pigments. These regulations aim to mitigate environmental pollution and health risks associated with conventional inorganic pigments. As a result, pigment manufacturers are increasingly investing in the development of organic and bio-based pigments, which are derived from natural sources and are free from hazardous chemicals. This transition is supported by advancements in green chemistry and biotechnology, enabling the production of pigments that are environmentally benign and also offer high performance in terms of color vibrancy, stability, and application versatility. Additionally, the rising consumer awareness and demand for sustainable products are driving the adoption of these eco-friendly pigments in various industries, including cosmetics, food packaging, and textiles. For instance, according to GITNUX, the global organic pigments segment possessed over 50% of the colorants market share in 2020.  Moreover, consumers are becoming more conscientious about the environmental impact of the products they use, leading to a preference for brands that prioritize sustainability.

Pigments News

The report covers the latest developments, updates, and trends impacting the global pigments market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in pigments production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the pigments price trend.

Latest developments in the pigments industry:

• In February 2023, the HEUBACH GROUP, a market leader in diversified organic and inorganic pigments and preparations, formed after the merger with CLARIANT BU pigments, launched new sustainable color solutions and products at the European Coatings Show in Nuremberg, Germany 27-28 March 2023.
• In September 2023, SUN CHEMICAL introduced two new stir-in pigment preparations, expand Yellow ST 1018 and eXpand! Black ST 9005, designed for the coatings market, offering enhanced color depth and unique effect characteristics.

Product Description

Pigments are finely ground, insoluble particles used to impart color to various materials, including paints, inks, plastics, cosmetics, and textiles. These substances function by selectively absorbing and reflecting specific wavelengths of light, resulting in perceived color. Pigments can be classified into two primary categories, organic and inorganic. Organic pigments are carbon-based and typically derived from natural sources or synthesized chemically. They are known for their vibrant hues and are often used in applications requiring high tinting strength and brightness. Inorganic pigments, on the other hand, are mineral-based and include compounds such as oxides, sulfides, and silicates, offering excellent durability and stability in harsh conditions.

The production of pigments involves several processes, depending on the type and desired properties. For inorganic pigments, raw materials are mined and then subjected to chemical reactions, such as oxidation or precipitation, followed by milling to achieve the desired particle size. Organic pigments are often synthesized through complex chemical reactions, including diazotization and coupling for azo pigments, followed by purification and particle size reduction. Pigments are produced globally, with major manufacturing hubs in regions such as Asia-Pacific, particularly China and India, due to the availability of raw materials and lower production costs.

Regional Coverage

The report provides a detailed analysis of the pigments market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the pigments price trend.  

Global Pigments Price

The report offers a holistic view of the global pigments pricing trends in the form of pigments price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of pigments but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed pigments demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Pigments Price

European pigments prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed pigments price information for a comprehensive list of countries.

North America Pigments Price

The analysis of pigments prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific pigments historical data within the United States and Canada can also be provided.

Middle East and Africa Pigments Price

The report explores the pigments pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on pigments prices for countries can also be provided.

Asia Pacific Pigments Price

The pigments pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This pigments price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Pigments Price

The analysis of pigments prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of pigments pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting pigments price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The pigments price charts ensure our clients remain at the forefront of the industry.