Pigments Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Pigments in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

For the First Half of 2022

The acute energy crisis which unfolded as one of the direct consequences of the ongoing Russia-Ukraine geopolitical conflict caused double-digit inflation in the fragile economies still dealing with the aftermath of the covid-19 pandemic. The surging crude oil prices, complicated logistics, and labour shortages raised the operating costs of pigment manufacturers.

LANXESS-one of the leading global chemical giants raised the prices of iron oxide pigments by 400 Euro/MT from the Germany site and around 200 Euro/MT hike for the Porto Feliz site in Brazil.

The manufacturers are not able to pass the raised production costs to the consumers as the demand is already eroding in the consumer market; any further price hike will lead to demand destruction negatively impacting the profit margins of manufacturers. In the US, the Producer Price Index for organic synthetic pigments went from 175.047 in January to 184.213 in June 2022.

Procurement Resource provides latest prices of Pigments. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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A Pigment refers to a material which can modify, change or alter the colour of the reflected light as a result of the wavelength-selective absorption. They improve the properties of a substance, and unlike dyes, do not rely on water solubility for their application. Pigments are available in both temporary and permanent forms. Fugitive, that is, temporary pigments fade over time upon exposure to heat and light, while some eventually blacken. They find applications in industries like plastics, construction, textile, and others.

Product Details

Report Features Details
Product Name Pigments
Industrial Uses Paint and coatings, Printing inks, Metallic lustre coatings, Ceramics, Paper and pulp, Construction materials
Supplier Database Tronox, Inc, BASF SE, Pidilite Industries Limited, Huntsman International LLC, Sensient Technologies Corporation, Clariant AG, Lanxess AG
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Process

  • Production of Pigments via Extraction from Coal Tars and Other Petrochemicals; via Aromatic Hydrocarbons; and via Oxidation

While the synthetic organic pigments are extracted from coal tars and other petrochemicals, inorganic pigments are produced via the process of oxidation. Mostly, organic pigments are synthesised from aromatic hydrocarbons, which contain structures of carbon atoms with attached hydrogen atoms forming closed rings. An example of such organic pigments include azo pigments, which have a nitrogen group attached to it.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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