The global pigment market is experiencing dynamic growth in 2024, with significant contributions from key pigment suppliers around the world. Pigments are essential components used in various industries, including paints, coatings, textiles, plastics, and food, driving their demand across multiple sectors. According to trade data from Tendata, the total value of pigment exports in 2024 reached $1.67 billion USD, with 2569 exporters involved in 121,541 trade transactions. This article highlights the top global pigment suppliers, their market shares, and key trends shaping the industry in 2024.

Global Trade Overview

In total, the global pigment industry in 2024 had 2569 exporters contributing to a total export value of $1.67 billion USD, with 121,541 trade transactions recorded. This indicates a highly competitive and active market, where key pigment suppliers continue to dominate a significant portion of the global supply chain. The total export volume and the number of transactions underscore the widespread use of pigments across various industries worldwide.

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Leading Global Pigment Suppliers

1. The Chemours Mexico

· Market Share: 33.77% (Total Sales: $565.37 Million)

The Chemours Company, based in Mexico, is the largest player among global pigment suppliers, commanding an impressive 33.77% of the market share. With total sales of $565.37 million USD, Chemours continues to lead the market with its wide range of high-quality pigments used in industries like automotive, construction, and consumer goods. Chemours' extensive distribution network and its investment in innovation and sustainability have cemented its position as the top global pigment supplier in 2024.

2. Sudarshan Chemical Industries Ltd

· Market Share: 14.95% (Total Sales: $250.29 Million)

Sudarshan Chemical Industries Ltd, based in India, ranks second among the global pigment suppliers, capturing 14.95% of the market share. The company is known for its innovative pigment technologies and its diverse portfolio, which includes both organic and inorganic pigments. With $250.29 million in total sales, Sudarshan's strong presence in the global market is further supported by its sustainability initiatives and strategic partnerships.

3. Neelikon Food Dyes and Chemicals Limited

· Market Share: 4.4% (Total Sales: $73.59 Million)

Neelikon Food Dyes and Chemicals, also based in India, holds 4.4% of the global pigment market. Specializing in food-grade dyes and pigments, the company generates $73.59 million USD in sales. Its products are widely used in the food and beverage industry, as well as in pharmaceuticals and cosmetics. Neelikon's focus on high-quality and safe ingredients has positioned it as a leading pigment supplier in these specialized sectors.

4. Liberty Mills Limited

· Market Share: 3.3% (Total Sales: $55.28 Million)

Liberty Mills Limited, located in Pakistan, is another prominent player among global pigment suppliers, capturing 3.3% of the market share. The company's $55.28 million in sales highlights its focus on providing a range of pigments for textiles, plastics, and other applications. Liberty Mills is known for its consistency in product quality and its ability to cater to both regional and international markets.

5. Ferro Mexicana

· Market Share: 2.23% (Total Sales: $37.27 Million)

Ferro Mexicana, a subsidiary of the global Ferro Corporation, is a leading supplier of specialty pigments, particularly in the Mexican market. With a market share of 2.23% and sales of $37.27 million, Ferro's pigments are used across various applications, including ceramics, coatings, and plastics. Its position as a key pigment supplier in the Latin American region further strengthens its presence in the global market.

6. DCW Limited

· Market Share: 1.76% (Total Sales: $29.4 Million)

DCW Limited, an Indian multinational, holds 1.76% of the global pigment market, with sales of $29.4 million. DCW specializes in the manufacture of synthetic organic pigments and is known for its strong presence in the textile and printing industries. The company's innovative products are designed to meet the demands of customers across a wide range of industries, further solidifying its position as a prominent pigment supplier.

7. Sherwin Williams de Centroamérica Limitada de Capital

· Market Share: 1.4% (Total Sales: $23.38 Million)

A subsidiary of the renowned Sherwin-Williams Company, Sherwin Williams de Centroamérica holds 1.4% of the pigment market, with $23.38 million in sales. The company is primarily involved in the production of architectural coatings and industrial pigments. Its global reach, coupled with strong local distribution channels, has made it a prominent player in the Central American market.

8. Công Ty TNHH Nhựa Cao Su Tiee Ing Việt Nam

· Market Share: 1.34% (Total Sales: $22.5 Million)

Tiee Ing Vietnam is a notable Vietnamese pigment supplier that focuses on producing synthetic pigments for various industrial uses. With 1.34% market share and sales of $22.5 million, the company serves a diverse range of applications, including plastics, automotive coatings, and textiles.

9. Mustaqim Dyeing Printing Industries Pvt Ltd

· Market Share: 1.28% (Total Sales: $21.47 Million)

Mustaqim Dyeing Printing Industries is a key supplier of textile pigments, specializing in dyes and printing materials. With 1.28% of the global pigment market and $21.47 million in sales, Mustaqim serves the growing demand for colorants in the textile and fabric industries, particularly in South Asia and the Middle East.

10. Kohinoor Textile Mills Limited

· Market Share: 1.27% (Total Sales: $21.33 Million)

Based in Pakistan, Kohinoor Textile Mills holds 1.27% of the market share, with $21.33 million in sales. The company is primarily focused on the production of textile pigments, supplying high-quality colors for the textile industry, which is one of the largest consumers of pigments globally.

Market Trends and Insights

· Dominance of Mexico and India: Mexico and India remain central to the global pigment market, with The Chemours Mexico and Sudarshan Chemical Industries taking the lead. Mexico's Chemours holds a significant share of the market, while India continues to grow its presence with multiple suppliers like Neelikon and Sudarshan.

· Diverse Applications: Pigments are used in a wide variety of industries, including textiles, automotive, food, cosmetics, and coatings. Pigment suppliers that can cater to the diverse needs of these industries—especially those in high-growth sectors like food dyes, automotive coatings, and sustainable paints—will continue to perform well.

· Sustainability and Innovation: Many of the leading pigment suppliers are focusing on sustainability by offering eco-friendly and non-toxic pigments. Innovations in pigment technology, such as the development of organic pigments and alternatives to traditional synthetic dyes, are shaping the future of the market.

· Growth in Emerging Markets: Countries in Asia and Latin America are expected to continue driving the growth of the global pigment market. As industrialization expands and consumer demand for products requiring high-quality pigments rises, pigment suppliers in these regions are well-positioned for future growth.

Conclusion

The global pigment suppliers market in 2024 is highly competitive, with key players like The Chemours Mexico, Sudarshan Chemical Industries, and Neelikon leading the way. With a diverse range of applications spanning multiple industries, the market continues to evolve, driven by innovations in pigment technology and a growing demand for sustainable solutions. As pigment suppliers adapt to changing market needs and expand their global reach, the pigment industry is poised for continued growth in the coming years.