The pigment market encountered hurdles in the first two quarters of 2023 due to factors such as global inflation, Russia-Ukraine crises, and economic volatility. Nonetheless, recovering from COVID restrictions and holiday hiatus in China, positive activity in packaging and printing, demand for sustainable inks, and interest in digital inkjet printing bolstered pigment prices. Across the globe, supply chain disruptions, environmental regulations, labor shortages, and wavering consumer confidence led to fluctuating pigment prices amidst the year's challenges.
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Definition
Pigments are finely ground substances that provide color to various materials, such as paints, inks, plastics, and cosmetics. They are insoluble particles that disperse in a medium, creating a desired hue through absorption and reflection of light. Pigments are valued for their stability, opacity, and resistance to fading. They can be organic or inorganic and possess various properties like tinting strength, lightfastness, and chemical stability, making them essential for adding color to a wide range of products across industries.
Key Details About the Pigments Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Pigments in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Pigments Price chart, including India Pigments price, USA Pigments price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Pigments Price Trend:
Pigments find diverse industrial applications due to their ability to impart color and enhance visual appeal in various products. In the paint and coatings industry, pigments are used to achieve desired shades and durability in paints and coatings for architectural, automotive, and industrial applications. In the printing industry, pigments are crucial for producing vibrant inks for packaging, labels, and digital printing. They are also essential in the plastic industry for coloring plastic products and achieving desired aesthetics. Pigments play a significant role in cosmetics, textiles, ceramics, and even food products, enhancing the visual appeal and quality of a wide array of consumer goods.
Key Players:
- Tronox Inc
- BASF SE
- Pidilite Industries Limited
- Huntsman International LLC
- Sensient Technologies Corporation
- Clariant AG
- Lanxess AG
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