Global Cadmium Pigments Market, By Pigment Type (Cadmium Red, Cadmium Orange, Cadmium Yellow, and Other Types), Application (Plastics and Complex Polymers, Ceramics, Glass, Paints and Coatings, Rubber, Paper, and Others), Process (Cadmium Attack Process, Striking Process, Calcination and Wet Process, Pigment Drying, Milling and Blending, Wastewater Pre-treatment Process, and Others) - Industry Trends and Forecast to 2031.
Cadmium Pigments Market Analysis and Size
The essential factors contributing to the growth of the global cadmium pigments market include the vibrant colours and excellent lightfastness make them highly desirable in industries such as plastics, ceramics, and paints. Additionally, cadmium pigments offer exceptional heat stability, chemical resistance, and durability, enhancing their suitability for various applications. will also propel the market growth in the forecast period.
Data Bridge Market Research analyses that the global cadmium pigments market which was USD 295.40 million in 2023, is expected to reach USD 477.98 million by 2031, growing at a CAGR of 6.2% during the forecast period of 2024 to 2031. In 2024, the rubber segment will dominate the market due to the increasing demand from end-use industries. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024-2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016-2021)
|
|
Quantitative Units
|
Revenue in USD Million, Pricing in USD, Volumes in Units
|
|
Segments Covered
|
Pigment Type (Cadmium Red, Cadmium Orange, Cadmium Yellow, and Others), Application (Plastics and Complex Polymers, Ceramics, Glass, Paints and Coatings, Rubber, Paper, and Others), Process (Cadmium Attack Process, Striking Process, Calcination and Wet Process, Pigment Drying, Milling and Blending, Wastewater Pre-treatment Process, and Others)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
Huntsman Corporation (U.S.), James M. Brown Ltd (U.K.), Johnson Matthey (U.K.), Hunan Jufa Technology Co. Ltd (China), Proquimac (Spain), The Shepherd Color Company (U.S.), Clariant International Ltd. (Switzerland), DIC Corporation (Japan), ECKART GmbH (Germany), BASF SE (Germany), Cabot Corp. (U.S.), Sudarshan Chemical Industries Ltd. (India), Heubach GmbH (Germany), and Ferro Corporation (U.S.)
|
|
Market Opportunities
|
|
Market Definition
Cadmium pigments are inorganic compounds composed primarily of cadmium sulphide or cadmium selenide. Renowned for their vibrant hues and excellent colour stability, these pigments are extensively utilized in various applications, including paints, coatings, plastics, ceramics, and textiles. Their superior colour strength, heat stability, and weather resistance make them ideal for automotive coatings, architectural paints, plastic products, and artistic materials
Global Cadmium Pigments Market Dynamics
Drivers
- Increasing Demand from End-Use Industries
Cadmium pigments find extensive applications across various end-use industries such as plastics, ceramics, paints and coatings, and textiles. The growth in these industries directly influences the demand for cadmium pigments. For instance, in the automotive sector, cadmium pigments are utilized in coatings for vehicles, including cars, trucks, and motorcycles. Similarly, in the plastics industry, these pigments are used for colouring plastic products such as toys, packaging materials, and consumer goods. As these industries grow, the demand for cadmium pigments is expected to increase, thereby driving market growth.
- Rising Preference for High-Performance Pigments
Cadmium pigments are known for their excellent heat stability, high colour strength, and weather resistance, making them preferred choices in various applications where durability and vibrant colours are essential. With increasing emphasis on high-performance materials across industries such as automotive, construction, and electronics, the demand for cadmium pigments is such asly to witness a boost. Manufacturers are constantly seeking pigments that offer superior performance characteristics, thereby driving the demand for cadmium pigments globally.
- Growing Adoption in Art and Craft Applications
Cadmium pigments are extensively used in the art and craft industry for various applications such as painting, drawing, and colouring. These pigments are valued for their intense, vibrant colours and excellent lightfastness, making them popular among artists, hobbyists, and craft enthusiasts. With the increasing popularity of art and craft activities, particularly among the millennial and Gen Z demographics, the demand for high-quality pigments, including cadmium pigments, is on the rise. Additionally, the growing trend of DIY (do-it-yourself) projects and personalized artwork further fuels the demand for premium pigments with superior colour properties. Manufacturers catering to the art and craft segment can leverage this trend to expand their market presence and capitalize on the growing demand for cadmium pigments in this niche market segment.
Opportunities
- Advancements in Product Development and Innovation
Continuous research and development efforts in the field of pigment technology are leading to innovations in cadmium pigment formulations. Manufacturers are focusing on developing cadmium pigments with enhanced properties such as improved lightfastness, environmental compatibility, and regulatory compliance. For instance, there is a growing trend towards the development of cadmium pigments with reduced heavy metal content to address environmental and regulatory concerns. Such innovations not only expand the application scope of cadmium pigments but also cater to evolving customer preferences, thereby driving market growth.
- Geographical Expansion and Emerging Markets
The global cadmium pigments market is witnessing geographical expansion, with manufacturers targeting emerging markets in regions such as Asia-Pacific, Latin America, and the Middle East and Africa. Rapid industrialization, urbanization, and infrastructure development in these regions are driving the demand for cadmium pigments in various applications such as construction, automotive coatings, and consumer goods.
Restraint/Challenge
- Stringent Regulations and Standards
Regulatory bodies around the world are imposing strict regulations on the use of pigments containing heavy metals such as cadmium due to their potential environmental and health hazards. As a result, manufacturers are compelled to comply with stringent regulations and standards regarding the production, usage, and disposal of cadmium pigments. This has led to the development of environmentally friendly alternatives and the adoption of cleaner production processes within the industry and hampers the market
- Health Concerns Related to the Cadmium Pigments
Exposure to cadmium pigments, particularly during manufacturing processes or through product usage, can lead to severe health issues such as lung and kidney damage, as well as an increased risk of cancer. Regulatory bodies worldwide have imposed stringent restrictions on the use of cadmium pigments in various applications, prompting manufacturers to seek alternative, safer options.
This global cadmium pigments market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global cadmium pigments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In March 2020, Merck signed an agreement with Azelis to make Azelis a distributor of Merck's products related to personal care, CASE (coatings, adhesives, sealants, and elastomers), food and health, and industrial chemicals in Vietnam
Global Cadmium Pigments Market Scope
The global cadmium pigments market is segmented on the basis of pigment type, process and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Pigment Type
- Cadmium Red
- Cadmium Orange
- Cadmium Yellow
- Others
Application
- Plastics and Complex Polymers
- Ceramics
- Glass
- Paints and Coatings
- Rubber
- Paper
- Others
Process
- Cadmium Attack Process
- Striking Process
- Calcination and Wet Process
- Pigment Drying
- Milling and Blending
- Wastewater Pre-treatment Process
- Others
Global Cadmium Pigments Market Regional Analysis/Insights
The global cadmium pigments market is analysed and market size insights and trends are provided by country, pigment type, process and application as referenced above.
The countries covered in the global cadmium pigments market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
Europe is dominating the market in the forecast period as Europe has a well-established industrial infrastructure, including a robust chemicals and pigments manufacturing sector. This infrastructure facilitates the production and distribution of cadmium pigments within the region and to other global markets.
Asia-Pacific region is the fastest growing in the forecast period. Countries such as China, India are undergoing rapid industrialization and urbanization. This growth is driving demand for various products and materials, including paints, coatings, plastics, and textiles, which utilize cadmium pigments for colouring. As industrial activities expand, the demand for cadmium pigments is also rising.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Cadmium Pigments Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global cadmium pigments market.
Some of the major players operating in the global cadmium pigments market are:
- Huntsman Corporation (U.S.)
- James M. Brown Ltd (U.K.)
- Johnson Matthey (U.K.)
- Hunan Jufa Technology Co. Ltd (China)
- Proquimac (Spain)
- The Shepherd Color Company (U.S.)
- Clariant International Ltd. (Switzerland)
- DIC Corporation (Japan)
- ECKART GmbH (Germany)
- BASF SE (Germany)
- Cabot Corp. (U.S.)
- Sudarshan Chemical Industries Ltd. (India)
- Heubach GmbH (Germany)
- Ferro Corporation (U.S.)
SKU-