The 2024 Pigments Market
In the Jan/Feb edition of Coatings World, David Savastano releases his round table discussion on the pigments market. Industry leaders from Brilliant Group, Orian, Shepherd Color, and Trust Chem were interviewed on various topics, such as the raw materials market, growth opportunities, and the latest technologies within the pigments market. Included from Shepherd Color are Chris Collesel: Quality, Product Safety & Sustainability Manager, and Mark Ryan: Market and Product Manager. Read the entire article here.
A short excerpt from the article is below:
CW: How did the pigment market fare in the paint and coatings segment during 2023?
Brilliant Group: We have heard through our distribution network and from customers at trade shows, etc., that companies are down 10%-30% or more. Fortunately, at Brilliant, we have seen double digit growth over 2022.
Shepherd Color: We saw a stabilization and customers starting to plan for growth in the future. 2023 started off slowly and while people kept expecting increased sales during the year, business didn’t show improvements until the fourth quarter of 2023.
Trust Chem: The first half was stable with small growth but the second half showed declining demand.
Read more below!