The global pigments market was valued at US$ 20,695.4 Mn in 2016 and is expected to reach US$ 29,954.0 Mn by 2025, witnessing a CAGR of 4.25% over the forecast period (2017–2025) according to that Pigments Market, by Product Type (Inorganic, Organic, and Specialty Pigments), by End-use industry (Automotive, Paints and Coatings, Printing Inks, Plastics, Textile, Construction, Cosmetics, and Others). Pigment is a substance that imparts color to other materials. They selectively absorb and reflect wavelength of visible light, which gives them distinct colors. Various synthetic and natural pigments are used for different applications based on its light fastness, heat stability, staining, tinting strength, opacity, dispersion, resistance to acids or alkalis, and interactions and reactions between pigments. Significant growth in automotive, construction, and plastics industries, among others, is in turn fuelling growth of global pigments market. Stringent regulations such as Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) on use of harmful pigments is a major challenge to the market growth.
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