NEWS
Shepherd Color Featured in Jan/Feb Edition of Coatings World
Pigments Market
In the January/February edition of Coatings World, Kerry Pianoforte reports on the significant transformation of the global pigments market, driven by technological advances and changing consumer preferences.
From construction materials to creating environmentally friendly products, the pigments market size is estimated at $31.08 billion in 2025.
A short excerpt from the article is below:
The pigments market size is estimated at $31.08 billion in 2025, and is expected to reach $35.68 billion by 2030, at a CAGR of greater than 2.8% during the forecast period (2025-2030), according to market research firm Mordor Intelligence.
The global pigments industry is experiencing significant transformation, driven by technological advancements and changing consumer preferences across various end-use sectors. According to Oxford Economics, the global construction output is projected to grow to more than $4.2 trillion over the next 15 years, indicating substantial opportunities for pigment applications in construction-related materials. The industry is witnessing a notable shift towards sustainable and environmentally conscious production methods, with manufacturers increasingly investing in eco-friendly technologies and processes. Major industry players are adapting their product portfolios to meet stringent environmental regulations while maintaining high-performance standards.
Research from Mordor Intelligence indicated the architectural and industrial coatings segments continue to be significant consumers of pigments, with the World Paint and Coatings Industry Association (WPCIA) reporting a 1% growth in the architectural coatings market in 2022. The industrial coatings segment achieved total sales of $45.6 billion through various applications in 2022.
“The pigment market in 2024 improved with all sectors and areas showing a rebound over the lull in 2023. We have seen that the rollercoaster highs and lows caused by the impact of COVID have been tamped down and we hope the current growth is a return to more normal times,” said Mark Ryan, market and product manager, Shepherd Color. “In general, the issues around supply of raw materials has eased and the supply chain is in a fairly normal state.”
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