An In-Depth Analysis of the Global Pigments for Display Market Scope and its rapid growing 9.1% CAGR forcasted for period from 2024 to 2031
The "Pigments for Display Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Pigments for Display market is expected to grow annually by 9.1% (CAGR 2024 - 2031).
This entire report is of 194 pages.
Pigments for Display Introduction and its Market Analysis
The global Pigments for Display market research report highlights the growing demand for high-quality displays in consumer electronics, automotive, and industrial applications. Pigments for Display are colorants used to enhance the visual quality of displays. The market is expected to witness significant revenue growth due to the increasing adoption of OLED and LCD displays in various sectors. Key players such as BASF, DIC, Solvay ., DNP, and Toyoink are focusing on product innovation and strategic partnerships to gain a competitive edge. The report recommends companies to invest in R&D and expand their product portfolio to capitalize on the growing market opportunities.
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Pigments play a crucial role in the display market, with red, blue, and green pigments being the most commonly used. These pigments are essential for creating vibrant and high-quality images on LED and LCD displays. The market for pigments in displays is expected to grow significantly in the coming years, driven by the increasing demand for high-resolution and color-accurate displays in various applications.
Regulatory and legal factors specific to the pigment market include strict regulations on the use of certain chemicals and additives in pigments, especially those that can be harmful to human health or the environment. Companies operating in this market need to comply with these regulations to ensure the safety and quality of their products.
Overall, the pigment market for displays is poised for growth, driven by the increasing demand for advanced display technologies in various industries. Companies operating in this market need to stay abreast of regulatory and legal factors to ensure compliance and maintain a competitive edge in the market.
Top Featured Companies Dominating the Global Pigments for Display Market
The pigments for display market is highly competitive with key players such as BASF, DIC, Solvay ., DNP, and Toyoink dominating the market. These companies are involved in the manufacturing and supply of a wide range of pigments specifically designed for displays, including OLEDs, LCDs, and LED displays.
BASF is a leading player in the pigments for display market, offering a comprehensive portfolio of high-performance pigments for a variety of display applications. DIC Corporation is another major player known for its expertise in developing specialty pigments for displays. Solvay S.A. is also a key player in the market, providing a range of innovative pigments for displays that offer enhanced color accuracy and efficiency.
DNP, a global leader in printing technology, offers a diverse range of pigments for display applications. Toyoink is another prominent player in the market, specializing in the development of advanced pigments for high-quality display solutions.
These companies play a crucial role in driving innovation and growth in the pigments for display market by offering cutting-edge solutions that enhance color performance, durability, and efficiency in displays. They work closely with display manufacturers to develop customized pigments that meet the specific requirements of various display technologies.
In terms of sales revenue, BASF reported sales of approximately €59 billion in 2020, while DIC Corporation reported sales of around ¥860 billion. Solvay S.A. reported sales of €8.9 billion in 2020, DNP reported sales of ¥1.16 trillion, and Toyoink reported sales of around ¥41 billion in the same year. These sales figures reflect the significant contribution of these companies to the growth and development of the pigments for display market.
- BASF
- DIC
- Solvay S.A.
- DNP
- Toyoink
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Pigments for Display Market Analysis, by Type:
- Red Pigments
- Blue Pigments
- Green Pigments
Red pigments, such as cadmium red and quinacridone red, are commonly used in displays for their vibrant and eye-catching hue. Blue pigments, like phthalo blue and ultramarine blue, are known for their calming and soothing effect. Green pigments, such as chromium oxide green and phthalo green, provide a natural and fresh appearance. The variety of colors offered by these pigments appeal to a wide range of industries, including cosmetics, automotive, and electronics, boosting the demand for pigments in the display market as manufacturers strive to create visually appealing products.
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Pigments for Display Market Analysis, by Application:
- LED
- LCD
Pigments are used in displays such as LED and LCD to produce vibrant colors. In LED displays, pigments are used to create different colors by combining primary colors like red, green, and blue. In LCD displays, pigments help to block or allow light to pass through to create images. The fastest growing application segment in terms of revenue is the LED display market, driven by the increasing demand for high-quality displays in areas such as televisions, smartphones, and public signage. This growth is fueled by advancements in technology and the rising popularity of high-resolution displays.
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Pigments for Display Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The pigments for display market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). Asia-Pacific is expected to dominate the market, with a market share of 40%, followed by North America with a market share of 25%. Europe is also expected to have a substantial market share of around 20%. Latin America and Middle East & Africa are expected to have a combined market share of 15%.
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