TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION x
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Overview 4
Consumer Spending & Income Patterns 8
Manufacturing Outlook 11
Regulatory Environment 13
Pollution Control Issues 14
Consumer & Worker Safety Concerns 15
Historical Market Trends 16
Foreign Trade 19
Imports 20
Exports 24
International Activity 26
III. OVERVIEW 28
General 28
Colorant Industry Outlook 29
Demand by Color Group 33
Red Pigments 35
Yellow Pigments 36
Blue & Green Pigments 36
Other Pigments 37
Demand by Pigment Type 37
Pricing 40
IV. INORGANIC PIGMENTS 43
General 43
Demand by Market 45
Demand by Type 46
Special Carbon Black 48
Complex Inorganic 51
Iron Oxide 53
Ultramarine 56
Chromium Oxide 60
Chromate 61
Cadmium 63
Other Inorganic 65
V. ORGANIC PIGMENTS 68
General 68
Demand by Market 70
Demand by Type & Grade 72
Azo 74
Phthalocyanine 77
Quinacridone 80
Other Organic 82
Carbazole Violet 83
Diketo Pyrrolo Pyrrole 84
Isoindoline 85
Perylene 85
All Other 86
VI. SPECIALTY PIGMENTS 87
General 87
Demand by Market 88
Demand by Type 90
Metallic 91
Markets 94
Suppliers 97
Luminescent 98
Daylight Fluorescent 99
Other 100
Pearlescent 101
Transparent 103
Other Specialty 105
VII. PIGMENT DEMAND BY MARKET 109
General 109
Paints & Coatings 111
Paints & Coatings Industry Overview 112
Pigment Demand 113
Architectural 116
Durable Equipment 118
Special Purpose 121
Printing Inks 123
Printing Inks Industry Overview 124
Pigment Demand 127
Conventional Printing Inks 129
Specialty Printing Inks 131
Digital Inks 135
Plastics 137
Plastics Industry Overview 138
Pigment Demand 139
Ceramics, Glass & Minerals 143
Ceramic, Glass & Mineral Industry Overview 144
Pigment Demand 145
Ceramics 146
Glass 147
Minerals 147
Textiles & Leather 150
Textile & Leather Industry Overview 150
Pigment Demand 152
Toner 155
Toner Industry Overview 155
Pigment Demand 156
Cosmetics & Toiletries 158
Cosmetic & Toiletry Industry Overview 159
Pigment Demand 161
Paper & Paperboard 164
Paper & Paperboard Industry Overview 165
Pigment Demand 166
Other Markets 168
VIII. INDUSTRY STRUCTURE 172
General 172
Market Share 175
Sun Chemical 176
BASF 176
Ciba Specialty Chemicals 177
Clariant International 178
LANXESS 179
Other 179
Inorganic Pigments 180
Organic Pigments 183
Specialty Pigments 185
Pigment Concentrates 187
Mergers & Acquisitions 189
Competitive Strategies 192
Product Differentiation 194
Product Specialization 194
Cooperative Agreements 195
Research & Development 198
Manufacturing 199
Marketing & Distribution 201
Company Profiles 202
ACTEGA, see ALTANA AG
ALTANA AG 203
Apollo Colors Incorporated 206
BASF AG 207
Cabot Corporation 211
Ciba Specialty Chemicals Holding Incorporated 213
Clariant International Limited 216
Columbian Chemicals Company 220
Dainichiseika Color & Chemicals Manufacturing Company
Limited 222
Dainippon Ink and Chemicals Incorporated 224
DayGlo Color Corporation, see RPM International
Degussa GmbH, see RAG AG
EC Pigments USA, see European Colour plc
ECKART Effect Pigments, see ALTANA AG
Elementis plc 228
EMD Chemicals Incorporated, see Merck KGaA
Engelhard Corporation, see BASF AG
European Colour plc 230
Ferro Corporation 231
Flint Group 233
Freeport-McMoRan Copper & Gold Incorporated 235
Heubach GmbH 236
Honeywell International Incorporated 238
JDS Uniphase Corporation 239
LANXESS AG 241
LioChem Incorporated, see Toyo Ink Manufacturing
Lubrizol Corporation 243
Matsui International Company Incorporated 244
Merck KGaA 245
Organic Dyestuffs Corporation 248
Plastics Color Corporation Incorporated, see PMC Global
PMC Global Incorporated 249
PolyOne Corporation 250
RAG AG 253
Rockwood Holdings Incorporated 256
RPM International Incorporated 259
Sensient Technologies Corporation 261
SICPA Holding SA 263
Sudarshan Chemical Industries Limited 264
Sun Chemical Corporation, see Dainippon Ink and
Chemicals Incorporated
Synalloy Corporation 265
Thomas Swan & Company Limited 266
Toyo Ink Manufacturing Company Limited 267
US Bronze Powders Incorporated 269
Wacker Chemie AG 270
Other Companies Mentioned in Study 271
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Overview 8
2 Consumer Spending & Income Patterns 10
3 Manufacturers Shipments 13
4 Pigment Market, 1996-2006 18
5 Pigment Supply & Demand 20
SECTION III -- OVERVIEW
1 Colorant Demand by Type 31
2 Pigment Demand by Color Group 34
3 Pigment Demand by Type 39
4 Pigment Prices 42
SECTION IV -- INORGANIC PIGMENTS
1 Inorganic Pigment Demand 44
2 Inorganic Pigment Demand by Market 46
3 Inorganic Pigment Demand by Type 48
4 Special Carbon Black Pigment Demand by Market 51
5 Complex Inorganic Pigment Demand by Market 53
6 Iron Oxide Pigment Demand by Market 56
7 Ultramarine Pigment Demand by Market 59
8 Chromium Oxide Pigment Demand by Market 61
9 Chromate Pigment Demand by Market 63
10 Cadmium Pigment Demand by Market 65
11 Other Inorganic Pigment Demand by Market 67
SECTION V -- ORGANIC PIGMENTS
1 Organic Pigment Demand 70
2 Organic Pigment Demand by Market 72
3 Organic Pigment Demand by Type & Grade 74
4 Azo Pigment Demand by Type & Market 77
5 Phthalocyanine Pigment Demand by Type & Market 80
6 Quinacridone Pigment Demand by Market 82
7 Other Organic Pigment Demand by Market 83
SECTION VI -- SPECIALTY PIGMENTS
1 Specialty Pigment Demand 88
2 Specialty Pigment Demand by Market 90
3 Specialty Pigment Demand by Type 91
4 Metallic Pigment Demand by Type & Market 94
5 Luminescent Pigment Demand by Type & Market 99
6 Pearlescent Pigment Demand by Market 103
7 Transparent Pigment Demand by Market 105
8 Other Specialty Pigment Demand 108
SECTION VII -- PIGMENT DEMAND BY MARKET
1 Pigment Demand by Market 110
2 Paints & Coatings Shipments 113
3 Paints & Coatings: Pigment Demand by Type & Segment 116
4 Architectural Paint: Pigment Demand 118
5 Durable Equipment Coatings: Pigment Demand 121
6 Special Purpose Paints & Coatings: Pigment Demand 123
7 Printing Inks Production 126
8 Printing Inks: Pigment Demand by Type & Segment 129
9 Conventional Inks: Pigment Demand 131
10 Specialty Inks: Pigment Demand 135
11 Digital Inks: Pigment Demand 137
12 Plastics Supply & Demand 139
13 Plastics: Pigment Demand by Type 143
14 Ceramic, Glass & Mineral Product Shipments 145
15 Ceramics, Glass & Minerals: Pigment Demand by Type 146
16 Textile & Leather Product Shipments 152
17 Textiles & Leather: Pigment Demand by Type 154
18 Toner Production 156
19 Toner: Pigment Demand by Type 158
20 Cosmetic & Toiletry Product Shipments 161
21 Cosmetics & Toiletries: Pigment Demand by Type 164
22 Paper & Paperboard Production 166
23 Paper & Paperboard: Pigment Demand by Type 168
24 Other Markets: Pigment Demand 171
SECTION VIII -- INDUSTRY STRUCTURE
1 US Pigment Sales for Selected Firms, 2006 173
2 Selected Acquisitions & Divestitures 191
3 Selected Cooperative Agreements 197
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II -- MARKET ENVIRONMENT
1 Pigment Market, 1996-2006 18
2 US Pigment Imports by Region by Value & Volume, 2006 23
3 US Pigment Exports by Region by Value & Volume, 2006 25
4 World Pigment Demand, 2006 27
SECTION III -- OVERVIEW
1 Colorant Industry Flow Chart 32
2 Pigment Demand by Color Group, 2006 35
3 Pigment Demand by Type, 2006 40
SECTION VII -- PIGMENT DEMAND BY MARKET
1 Pigment Demand by Market, 2006 111
SECTION VIII -- INDUSTRY STRUCTURE
1 US Pigment Sales by Company, 2006 175
2 US Inorganic Pigment Sales by Company, 2006 183
3 US Organic Pigment Sales by Company, 2006 185
4 US Specialty Pigment Sales by Company, 2006 187
