Pigment news

Pigments are used for coloring paint, ink, plastic, fabric, cosmetics and other materials. Most pigments used in manufacturing and the visual arts are dry colorants, usually ground into a fine powder. This powder is added to a vehicle (or binder), a relatively neutral or colorless material that suspends the pigment and gives the paint its adhesion.

The worldwide market for inorganic, organic and special pigments had a total volume of around 7.4 million tons in 2006. Asia has the highest rate on a quantity basis followed by Europe and North America. In 2006, a turnover of 17.6 billion US$ (13 billion euro) was reached mostly in Europe, followed by North America and Asia.^[1] The global demand on pigments was roughly US$ 20.5 billion in 2009, around 1.5-2% up from the previous year. It is predicted to increase in a stable growth rate in the coming years. The worldwide sales are said to increase up to US$ 24.5 billion in 2015, and reach US$ 27.5 billion in 2018.^[2