The latest report titled “Pigments Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Pigments.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Pigments production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Pigments Production Process:
1. Production of Synthetic Pigments: This report presents the detailed production methodology and cost analysis of Pigments industrial production across Pigments manufacturing plants. In the process of formation of synthetic pigments, organic compounds that are found in petrochemical sources undergo various reactions. These compounds are subjected to condensation, oxidation, and coupling to get the desired pigments. The inorganic pigments are, however, derived from natural sources like minerals via only oxidation and precipitation reactions. These inorganic pigments possess metallic compounds and therefore are available in different shades and tones.
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Product Definition:
Pigments provide color to materials by selectively absorbing and reflecting light. They are frequently employed in giving the products color and an aesthetic appeal across various industries such as paints, inks, cosmetics, plastics, textiles, and ceramics. They are available in various tones and are resilient to fading and discoloration when exposed to light, heat, or chemicals which are crucial characteristics of pigments. They can also be white or fluorescent organic or inorganic solids. Additionally, pigments have opacity or transparency characteristics that govern how much light is let through or blocked by the pigment particles. In applications like paints or inks, this feature provides for control over the degree of transparency or coverage.
Market Drivers:
One of the most significant market drivers of the pigment industry is its usage in the construction sector. The construction sector employs them in architectural coatings, paints, and concrete applications. Another significant driver is the rising demand from the automotive industry. The demand for pigments that offer long-lasting and brilliant colors as well as resistance to weathering, UV radiation, and chemicals is rising as the automobile market expands. The market is also significantly influenced by the personal care and cosmetics sector. Consumer desires for unique and fashionable color options are what drive the market for pigments in cosmetics like lipsticks, eye shadows, and nail paints.
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