Global Oil Colors Market Overview
According to SPER Market Research, the Global Oil Colors Market is estimated to reach USD 1.73 billion by 2032 with a CAGR of 6.03%.
Oil paints, usually referred to as oil colors, are a type of slow-drying paint made up of pigment particles suspended in a drying oil, typically linseed oil. A solvent like turpentine or white spirit can be added to the paint to change its viscosity, and varnish can be applied to improve the cured film's gloss. They provide a vast variety of texture, color, and finish options.The most recent research indicates that oil color sales will continue to expand steadily over the predicted period. Following a decline in demand and sales during the COVID-19 pandemic period, the need for oil colors may experience a significant increase. Demand for Oil Colors is likely to increase following the pandemic because to the anticipated growth in the residential sector.
Manufacturers are embracing the numerous natural and synthetic oil pigments used in oil paints more and more. One of the main drivers of the market's expansion has been the boom in the furniture business. The use of such oil colors in new cars is also expanding, which has a beneficial effect on market expansion. One of the greatest achievements in the field of invention has been the ability of oil paints to prevent corrosion on metallic surfaces. The expanding consumer base in the category of art enthusiasts is one of the main factors fuelling the expansion of the global oil paint market. The growth of oil painting or panel paintings exclusively in oils has been a major element in this area. Additionally, it is anticipated that the market for oil colors will expand in response to increased consumer demand for trendy wooden and metallic furniture as well as home decor, with the color paints used to decorate such items contributing significantly to the market expansion. A significant driver in the industry's expansion has been the rise in demand from parents who have infants in their families. Customers are drawn to natural and chemical-free oil colors because of the growing awareness of the benefits of using them for both people and the environment. These oils also in still a sense of responsibility in us toward the environment and ourselves, which boosts sales of natural oil paints.
Impact of COVID-19 on the Global Oil Colors Market
Numerous firms across a number of industries, as well as every level of their supply and value chains, have been significantly impacted by the coronavirus outbreak. One of the sectors presently feeling the effects of the pandemic is consumer goods. One of the most crucial parts of the market's value chain is the raw material supply, where major corporations and suppliers are having problems because of inadequate logistics, poor traffic management, and public mobility restrictions in impacted nation-states around the world, which can result in supply disruptions. Major market players have had to review their risk management and contingency strategies as a result of the pandemic.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Pigment Type, By Origin, By Type, By Sales Channel
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | AkzoNobel, Asian Paints, BASF SE, Bayer, Berkshire Hathaway, Blackfriar Paints, DuPont, Faux Effects, Hempel, Nippon, PPG, Sherwin-Williams
|
Global Oil Colors Market Segmentation:
1. By Pigment Type:
- Madder Root
- Ochre
- Sienna
- Umber
- Other
2. By Origin:
3. By Type:
4. By Sales Channel:
- Convenient Stores
- Independent Retail Stores
- Online Retailers
- Specialty Stores
5. By Region:
- Asia-Pacific
- Europe
- Middle East
- Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Oil Colors Market (FY’2019-FY’2032)
- Overview of Global Oil Colors Market
- Segmentation of Global Oil Colors Market By Pigment Type (Madder Root, Ochre, Sienna, Umber, White Oxides, Other)
- Segmentation of Global Oil Colors Market By Origin (Natural, Synthetic)
- Segmentation of Global Oil Colors Market By Type (Inorganic, Organic)
- Segmentation of Global Oil Colors Market By Sales Channel (Convenient Stores, Independent Retail Stores, Online Retailers, Specialty Stores, Supermarkets/Hypermarkets, Wholesalers/Distributors, Others)
- Statistical Snap of Global Oil Colors Market
- Global Oil Colors Market Growth Analysis
- Problems and Challenges in Global Oil Colors Market
- Global Oil Colors Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Oil Colors Market
- Details on Recent Investment in Global Oil Colors Market
- Competitive Analysis of Global Oil Colors Market
- Major Players in the Global Oil Colors Market
- SWOT Analysis of Global Oil Colors Market
- Global Oil Colors Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Oil Colors Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Oil Colors Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Oil Colors Market
7. Global Oil Colors Market, By Pigment Type, 2019-2032 (USD Million)
7.1 Madder Root
7.2 Ochre
7.3 Sienna
7.4 Umber
7.5 White Oxides
7.5.1 Titanium Oxide
7.5.2 Yellow Cadmium
7.5.3 Zinc Oxide
7.6 Other
8. Global Oil Colors Market, By Origin, 2019-2032 (USD Million)
8.1 Natural
8.2 Synthetic
9. Global Oil Colors Market, By Type,2019-2032 (USD Million)
9.1 Inorganic
9.2 Organic
10. Global Oil Colors Market, By Sales Channel, 2019-2032 (USD Million)
10.1 Convenient Stores
10.2 Independent Retail Stores
10.3 Online Retailers
10.4 Specialty Stores
10.5 Supermarkets/Hypermarkets
10.6 Wholesalers/Distributors
10.7 Others
11. Global Oil Colors Market, By Region, 2019-2032 (USD Million)
11.1 Global Oil Colors Market and Market Share by Region (2019-2025)
11.2 Global Oil Colors Market and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 AkzoNobel
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Asian Paints
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 BASF SE
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Bayer
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Berkshire Hathaway
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Blackfriar Paints
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 DuPont
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Faux Effects
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Hempel
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Nippon
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 PPG
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 Sherwin-Williams
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
