Cadmium Pigments Market – 47% of the Growth to Originate from APAC | Exponential Growth of the Plastic Industry to Emerge as Key Driver | 17,000+ Technavio Reports – QNT Press Release

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NEW YORK, Feb. 17, 2022 /PRNewswire/ — 47% of the cadmium pigments market growth will originate from APAC. China, Japanand India are the key markets for cadmium pigments in APAC. Market growth in this region will be faster than the growth of the market in other regions. The report identifies the cadmium pigments market potential difference growth to value USD 57.58 million from 2021 to 2026. The market is anticipated to witness an accelerating growth momentum at a CAGR of 4.07% during this period.

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Cadmium Pigments Market: Exponential growth of the plastic industry to drive growth

Cadmium pigments are mostly used in the plastic sector because they are insoluble and have alkali resistance, which is responsible for the long shelf life of plastics. Cadmium pigments are also widely used in batteries, second only to plastics. Cadmium pigments are also utilized to improve the corrosion resistance of many metals such as iron. steel, aluminum, and titanium due to their chemical properties. The increasing usage of cadmium pigments in coatings, stabilizers, sophisticated alloys and electronic compounds is predicted to drive demand for cadmium pigments throughout the forecast period . Cadmium pigmented industrial polymers are used in power lines, gas pipes and fittings, beer crates, motor vehicle heating fans, and other applications. Thus, we can see that with the increased usage in the plastic industry, we will see positive growth during the forecast period.

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Cadmium Pigments Market: Revenue-Generating Segment Analysis

This market research report segments the cadmium pigments market by Application (paints and coatings, plastics, printing inks, construction materials, and others) and Geography (APAC, North America, Europe, South Americaand MEA). The paints and coatings application segment led the cadmium pigments market share in 2021. The report also identifies that this segment will account for the largest market share during the forecast period mainly due to the increasing popularity of cadmium coatings. Cadmium coatings provide a low coefficient of friction and thus good lubricity, predictable torque characteristics, good electrical conductivity, protection from galvanic corrosion, easy solderability, low volume corrosion products, and reduced risks of operating mechanisms being jammed by corrosion debris for many components in …

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