The Chrome Pigments market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
Color pigments are broadly classified in two segments: organic and inorganic color pigments. The market for inorganic color pigments is further divided based on their source as iron oxide, cadmium based pigments, chrome pigments and several others. Chrome pigments are largely derived from lead compounds and have a range of properties such as high color strength, high solubility, highly concentrated and non reactive making chrome pigments apposite for applications such as paints and coatings, inks, plastics, rubber, detergents and soaps, ceramics and polishes. The market for chrome pigments was initially dominated by North America and other developed regions; however there is shift in global trend largely due to increased environmental regulations over inorganic pigments. The current market for chrome pigments is largely dominated by China followed by North America and other countries across globe. Countries present in Asia Pacific such as India, Indonesia and Vietnam are expected to have a stable or upward trend for chrome pigments principally due to the low cost of chrome pigments and non-stringent environmental regulations in the region.
Chrome pigments require large number of minerals for their preparation. Industrially they are prepared through precipitation of lead salts with chromate or bi-chromate solution; however toxic heavy metal such as lead is obtained as a waste or byproduct. Chrome pigments with their properties such as high color strength make them suitable in applications such as paints and coatings. The global requirement of paints and coatings in architectural paints and corrosion paints has shown an upward trend in recent years. The reason behind this upward trend is rapid urbanization and other infrastructural upgrades. Thus, it would help the market of chrome pigments to flourish in emerging economies.
As the report focuses on global Chrome Pigments market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In global market, the following companies are covered:
BASF
Berger Paints India
Kansai Nerolac Paints
Akzonobel
Du Pont
Lanxess
Market Segment by Product Type
Organic
Inorganic
Market Segment by Application
Chemical
Personal Care
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Chrome Pigments market for the forecast period 2020 - 2025?
• What are the driving forces in the Chrome Pigments market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Chrome Pigments industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?