The Mexico pigments market is expected to grow at a notable pace in future owing to increase in consumer preference for aesthetic products, surge in demand for pigments from end-use industries, and technological advancements in production of pigments. Application of pigments has been observed in production of colorants which are used in paints & coatings, plastics, printing inks, and construction materials, which is further expected to drive the market growth.
Increase in development of aesthetic products is one of the major drivers for growth of the Mexico pigments market. In the past few years, technological advancements have enormously supported the development of special grades of pigments that lead to their increased adoption among end users as well as a shift from traditional to specialty pigments, which is further expected to drive the Mexico pigments market.
However, high cost of production, environmental concerns associated with usage of pigments, and availability of alternatives such as synthetic & organic pigments are some of the factors anticipated to restrict the market growth. Stringent regulations imposed by the Government of Mexico are expected to further impede growth of the pigments market.
The Mexico pigments market is segmented depending on type and application. As per type, the market is divided into organic, inorganic, and specialty pigments. The organic pigments segment dominates the market followed by inorganic pigments due to their higher use as colorants in paints & coatings, plastics, and printing inks industries. Moreover, specialty pigments are used for a wide range of applications such as construction materials, medical imaging, and apparel production.
Depending on application, the Mexico pigments market is divided into paints & coatings, plastics, printing inks, construction materials, and others. The paints & coatings segment accounts for the major share of the market. Furthermore, the plastics segment is expected to observe significant growth during the forecast period, due to increase in usage of pigments in plastics production.
The Mexico pigments market is expected to witness rapid growth in the future, due to increase in demand for aesthetically appealing products. Furthermore, surge in demand for industrial products is projected to augment the market development owing to the growth of the country’s manufacturing sector. In addition, manufacturers in the country significantly invest in R&D activities to produce innovative products which provides an opportunity to explore new applications of pigments and boosts the Mexico pigments market.
The Mexican Government has established several regulations to ensure product quality and safety of end users. The government authorities are primarily responsible for formulating relevant standards and certifying pigments for use in various applications. Furthermore, the environmental legislation consists of several regulations pertaining to the use of pigments. The Government of Mexico has enforced stringent regulations for the labeling and packaging of pigments to ensure proper consumer information regarding health & safety.
The Porter’s five forces analysis of the Mexico pigments market provides an insight into the competitive scenario of the market. Bargaining power of suppliers is low as they compete to reduce their costs and increase profits. Contrarily, the bargaining power of buyers is high due to the wide range of options available in the market.
Moreover, threat of substitute products is low as pigments are used for various specialized applications with no close substitutes. In addition, intensity of rivalry among established players is moderate as most players focus on development of innovative products and expanding their market share. Furthermore, threat of new entrants is low as setting up of manufacturing plant requires significant capital investment and expertise.
Increase in development of aesthetic products is one of the major drivers for growth of the Mexico pigments market. In the past few years, technological advancements have enormously supported the development of special grades of pigments that lead to their increased adoption among end users as well as a shift from traditional to specialty pigments, which is further expected to drive the Mexico pigments market.
However, high cost of production, environmental concerns associated with usage of pigments, and availability of alternatives such as synthetic & organic pigments are some of the factors anticipated to restrict the market growth. Stringent regulations imposed by the Government of Mexico are expected to further impede growth of the pigments market.
The Mexico pigments market is segmented depending on type and application. As per type, the market is divided into organic, inorganic, and specialty pigments. The organic pigments segment dominates the market followed by inorganic pigments due to their higher use as colorants in paints & coatings, plastics, and printing inks industries. Moreover, specialty pigments are used for a wide range of applications such as construction materials, medical imaging, and apparel production.
Depending on application, the Mexico pigments market is divided into paints & coatings, plastics, printing inks, construction materials, and others. The paints & coatings segment accounts for the major share of the market. Furthermore, the plastics segment is expected to observe significant growth during the forecast period, due to increase in usage of pigments in plastics production.
The Mexico pigments market is expected to witness rapid growth in the future, due to increase in demand for aesthetically appealing products. Furthermore, surge in demand for industrial products is projected to augment the market development owing to the growth of the country’s manufacturing sector. In addition, manufacturers in the country significantly invest in R&D activities to produce innovative products which provides an opportunity to explore new applications of pigments and boosts the Mexico pigments market.
The Mexican Government has established several regulations to ensure product quality and safety of end users. The government authorities are primarily responsible for formulating relevant standards and certifying pigments for use in various applications. Furthermore, the environmental legislation consists of several regulations pertaining to the use of pigments. The Government of Mexico has enforced stringent regulations for the labeling and packaging of pigments to ensure proper consumer information regarding health & safety.
The Porter’s five forces analysis of the Mexico pigments market provides an insight into the competitive scenario of the market. Bargaining power of suppliers is low as they compete to reduce their costs and increase profits. Contrarily, the bargaining power of buyers is high due to the wide range of options available in the market.
Moreover, threat of substitute products is low as pigments are used for various specialized applications with no close substitutes. In addition, intensity of rivalry among established players is moderate as most players focus on development of innovative products and expanding their market share. Furthermore, threat of new entrants is low as setting up of manufacturing plant requires significant capital investment and expertise.
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- Analysis of raw material in a product (by %)
- Manufacturing Capacity
- Capital Investment breakdown
- Installed Base analysis
- Investment Opportunities
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- Supply Chain Analysis & Vendor Margins
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Key Market Segments
By Application
- Paints and Coatings
- Plastics
- Printing Inks
- Construction Materials
- Others
By Product Type
- Organic Pigments
- Inorganic Pigments
- Specialty Pigments
- Key Market Players
- BASF SE
- Clariant AG
- SudarshanChemical Industries Ltd
- Cromogenia-Units S.A.
- LANXESS AG
- Cabot Corporation
- DayGlo Color
- Cargill
- CYTEC SolvayGroup
- Dow Coating Materials Mexico, S.A. de C.V.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MEXICO PIGMENTS MARKET, BY PRODUCT TYPE
CHAPTER 5: MEXICO PIGMENTS MARKET, BY APPLICATION
CHAPTER 6: COMPETITIVE LANDSCAPE
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- BASF SE
- Clariant AG
- SudarshanChemical Industries Ltd
- Cromogenia-Units S.A.
- LANXESS AG
- Cabot Corporation
- DayGlo Color
- Cargill
- CYTEC SolvayGroup
- Dow Coating Materials Mexico, S.A. de C.V.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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