The growth of the colorant market will be attributed to the growing demand from the construction industry

On June 25, according to a new research report from Global Market Insights, the colorant market is expected to exceed US$18 billion by 2025.

Due to increased demand in the construction industry, the pigment market will see substantial growth during the forecast period.
Concrete is an indispensable part of the construction industry.
It is produced from cement, and iron oxide is mainly used for concrete coloring.
In 2017, U.
S.
cement production increased from 85 million tons in 2016 to 86.
3 million tons.
In addition, due to the increase in U.
S.
government expenditure on public infrastructure, it is expected that a significant growth rate may occur during the period, which will have a positive impact on the colorant market in the next few years.

The colorant market is mainly regulated by environmental and construction organizations.
Various safety issues related to the handling and storage of pigments, for example, iron oxide black contains divalent iron and may be oxidized, leading to an exothermic reaction.
However, it is limited by kinetics and only starts to react at high temperatures.
Therefore, the storage temperature of the product should not exceed 80°C.
In addition, chemical substances such as quinacridone are highly insoluble in water and organic solvents, which makes their biodegradation process very slow.
In addition, more and more regulations on the low volatile organic compound (VOC) content of paints and coatings have also affected the scale of the global pigment market.

In the past few years, pigments such as iron oxide have played an important role in the construction industry due to their pure hue and tinting power.
Therefore, the consumption of iron oxide in the building materials industry is relatively high.
They are mainly used for paving tiles, checkered tiles, stamped concrete and designer tiles.
One of the most important applications of pigments in the construction industry is concrete coloring with high dispersibility and excellent colorability.
Just by changing the ratio and quantity, color differentiation can be achieved in the concrete material.

During the forecast period, specialty pigments will see substantial growth due to their unique properties that cannot be replaced by organic or inorganic substitutes.
These provide metallic tones and other special effects, such as color conversions that are becoming more and more popular in a wide range of consumer products.

The paint and coatings industry generated the largest revenue for the pigment market in 2017.
This application area is expected to witness the largest increase in the overall colorant market during the forecast period.
Printing inks are also an important application in the pigment market.
These pigments are used in printing inks to create product packaging that attracts consumers' attention, and to differentiate manufacturers' products from competing for shelf space in retail locations.In 2017, the Asia-Pacific region led the global pigment market in terms of volume and revenue.
The growing construction industry in the Asia-Pacific region will mainly drive product demand in the next few years.
The increase in the per capita income of consumers, especially the BRIC countries, has led to an increase in expenditures in the real estate industry, driving the growth of the construction industry in these countries, which will increase the demand for colorants in construction within the forecast time frame.

Source: Network