The Global Oil Colors Market Size Was Worth USD 998 Million in 2022 and is Estimated to Grow to USD 1508 Million by 2030, With a CAGR of Approximately 5.3 % Over the Forecast Years From 2023 To 2030.
Oil Colors Market Overview
A form of painting known as “oil colors” is composed of pigment particles suspended in a drying oil, often linseed oil, and dries slowly. To alter the paint’s viscosity, a solvent like turpentine or white spirit can be added, and varnish can be used to increase the gloss of the cured coating. They provide a vast variety of texture, color, and finish options. There are various reasons why the market for oil colors is expanding globally. First and foremost, the market is being stimulated by the rising demand for environmentally friendly and biodegradable goods. As a result, water-based oil paints, which are more environmentally friendly than conventional oil-based paints, are already being produced. Second, technological advancement has led to the development of new oil paint kinds that are more durable and offer superior coverage. Not to mention, the industry is growing as a result of the popularity of DIY projects and home improvement activities.
Market Drivers
Manufacturers are embracing the numerous natural and synthetic oil pigments used in oil colors more and more. One of the main drivers of the market’s expansion has been the boom in the furniture business. Using such oil colors in new cars is also expanding, which benefits market expansion. One of the greatest achievements in the field of invention has been the ability of oil colors to prevent corrosion on metallic surfaces. The expanding consumer base in the category of art enthusiasts is one of the major factors propelling the growth of the global oil colors market. Additionally, the growth of oil colors or panel paintings exclusively in oils has been a major element in this area. Furthermore, it is anticipated that the market for oil colors will expand in response to increased consumer demand for trendy wooden and metallic furniture and home decor, with the color paints used to decorate such items contributing significantly to the market expansion.
Restraints
A few factors are preventing the global market for oil colors from expanding. The most significant obstacles are the high initial startup costs and the health problems caused by synthetic oil colors. The development of this industry worldwide is being hampered by the stringent government restrictions governing the production of various oil colors.
Oil Colors Market Segmentation
The global oil colors market is segregated based on pigment type, origin, type, and sales channel.
- Based on origin, the market is divided into natural and synthetic. The natural category dominated the market in 2021. The increased consumer knowledge of the health advantages of natural food coloring is driving up demand for this product across the globe. Due to the rising demand for non-synthetic substitutes such as oil color in muffins, cupcakes, and pastries, demand for natural products in the bakery industry is predicted to rise. Additionally, it is projected that using natural colors in frosting and icing will promote market expansion.
- Based on type, the market is divided into organic and inorganic. The organic category dominated the market in 2021. The adverse consequences of different inorganic compounds used in oil colors, which, when routinely taken, might result in various health conditions, are known to consumers. Regular consumption of inorganic oil colors causes a variety of allergy issues. In this way, customers like purchasing goods made with organic oil-coloring components.
COVID-19 Impact
The coronavirus outbreak has significantly impacted many enterprises and parts of their supply and value chains. One of the sectors currently being impacted by the pandemic is consumer products. One of the most crucial aspects of the market’s value chain is raw material supply, where major firms and suppliers are having problems because of inadequate logistics, poor traffic management, and restrictions on public mobility in impacted nation-states around the globe, which can result in supply disruptions. The epidemic has forced major market players to review risk management and contingency preparations.
Regional Landscape
- In 2021, North America dominated the market for oil colors. The usage of oil paints is primarily driven by two factors: the fast-expanding residential market in places like North America and local consumer demand for natural hues. Additionally, in recent years there has been a respectable demand for organic colors due to environmental concerns; this, together with the increasing number of home remodeling projects in the area, has created a potential market for the rivals. The transition from traditional to contemporary furniture and its finishes is one of the primary trends grabbing customers’ attention in the US and Canada region. Additionally, the region’s manufacturers have seen significant sales growth due to the expanding need for metallic products.
Oil Colors Market Competitive Landscape
- Some of the main competitors dominating the global oil colors market include- AkzoNobel, Nippon, PPG, DuPont, Bayer, Sherwin-Williams, BASF SE, Asian Paints, Berkshire Hathaway, Hempel, US Paint, Blackfriar Paints and Faux Effects among others.
Global Oil Colors Market is segmented as follows:
Oil Colors Market by Pigment Type Outlook (Revenue, USD Million, 2017 – 2030)
- White Oxides
- Zinc Oxide
- Titanium Dioxide
- Yellow Cadmium
- Ochre
- Sienna
- Umber
- Madder Root
- Other
Oil Colors Market by Origin Outlook (Revenue, USD Million, 2017 – 2030)
- Natural
- Synthetic
Oil Colors Market by Type Outlook (Revenue, USD Million, 2017 – 2030)
- Organic
- Inorganic
Oil Colors Market by Sales Channel Outlook (Revenue, USD Million, 2017 – 2030)
- Supermarkets/Hypermarkets
- Specialty Stores
- Wholesalers/Distributors
- Independent Retail Stores
- Online Retailers
- Convenient Stores
- Others
Oil Colors Market by Region Outlook (Revenue, USD Million, 2017 – 2030)
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Oil Colors Market Size, Share, Growth, and Forecast Report
Chapter 1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Pigment Type
1.4.2. Origin
1.4.3. Sales Channel
Chapter 2. Oil Colors Market Overview
2.1. Introduction
2.2. Analysis by Pigment Type, 2017-2030 (US$ Million)
2.3. Analysis by Origin, 2017-2030 (US$ Million)
2.4. Analysis by Sales Channel, 2017-2030 (US$ Million)
2.5. Market Analysis by Region, 2017-2030 (US$ Million)
Chapter 3. Oil Colors Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Pigment Types
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Pigment Type
3.6.2. Origin
3.6.3. Sales Channel
3.6.4. Region
3.7. Value Chain Analysis
Chapter 4. Oil Colors Market Competition Analysis
4.1. Oil Colors Market Share Analysis by Company, 2019 – 2021
4.1.1. Top 3 Players, 2019 – 2021
4.1.2. Top 6 Players, 2019 – 2021
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
Chapter 5. Global Oil Colors Market Analysis by Pigment Type, Origin, and Sales Channel, 2017-2030 (US$ Million)
5.1. Pigment Type
5.1.1. Global Oil Colors Market Share, by Pigment Type, 2022 and 2030
5.1.2. Global Oil Colors Market Revenue, by Pigment Type, 2017-2030 (US$ Million)
5.1.3. By White Oxides Market Analysis 2017-2030 (US$ Million)
5.1.3.1. By Zinc Oxide Market Analysis 2017-2030 (US$ Million)
5.1.3.2. By Titanium Dioxide Market Analysis 2017-2030 (US$ Million)
5.1.3.3. By Yellow Cadmium Market Analysis 2017-2030 (US$ Million)
5.1.4. By Ochre Market Analysis 2017-2030 (US$ Million)
5.1.5. By Sienna Market Analysis 2017-2030 (US$ Million)
5.1.6. By Umber Market Analysis 2017-2030 (US$ Million)
5.1.7. By Madder Root Market Analysis 2017-2030 (US$ Million)
5.1.8. By Other Pigment Types Market Analysis 2017-2030 (US$ Million)
5.2. Origin
5.2.1. Market Share, by Origin, 2022 and 2030
5.2.2. Market Revenue, by Origin, 2017-2030 (US$ Million)
5.2.3. By Natural Market Analysis 2017-2030 (US$ Million)
5.2.4. By Synthetic Market Analysis 2017-2030 (US$ Million)
5.3. Sales Channel
5.3.1. Market Share, by Sales Channel, 2021 and 2030
5.3.2. Market Revenue, by Sales Channel, 2017-2030 (US$ Million)
5.3.3. By Supermarkets/Hypermarkets Market Analysis 2017-2030 (US$ Million)
5.3.4. By Specialty Stores Market Analysis 2017-2030 (US$ Million)
5.3.5. By Wholesalers/Distributors Market Analysis 2017-2030 (US$ Million)
5.3.6. By Independent Retail Stores Market Analysis 2017-2030 (US$ Million)
5.3.7. By Online Retailers Market Analysis 2017-2030 (US$ Million)
5.3.8. By Convenient Stores Market Analysis 2017-2030 (US$ Million)
5.3.9. By Others Sales Channels Market Analysis 2017-2030 (US$ Million)
Chapter 6. Global Oil Colors Market Pigment Type Analysis by Region, 2017-2030 (US$ Million)
6.1. White Oxides Market Analysis 2017-2030 (US$ Million)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.1.5.1. Zinc Oxide Market Analysis 2017-2030 (US$ Million)
6.1.5.2. Titanium Dioxide Market Analysis 2017-2030 (US$ Million)
6.1.5.3. Yellow Cadmium Market Analysis 2017-2030 (US$ Million)
6.2. Ochre Market Analysis 2017-2030 (US$ Million)
6.3. Sienna Market Analysis 2017-2030 (US$ Million)
6.4. Umber Market Analysis 2017-2030 (US$ Million)
6.5. Madder Root Market Analysis 2017-2030 (US$ Million)
6.6. Other Pigment Types Market Analysis 2017-2030 (US$ Million)
Chapter 7. Global Oil Colors Market Origin Analysis by Region, 2017-2030 (US$ Million)
7.1. Natural Market Analysis 2017-2030 (US$ Million)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. Synthetic Market Analysis 2017-2030 (US$ Million)
Chapter 8. Global Oil Colors Market Sales Channel Analysis by Region, 2017-2030 (US$ Million)
8.1. Supermarkets/Hypermarkets Market Analysis 2017-2030 (US$ Million)
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Latin America
8.1.5. Middle East & Africa
8.2. Specialty Stores Market Analysis 2017-2030 (US$ Million)
8.3. Wholesalers/Distributors Market Analysis 2017-2030 (US$ Million)
8.4. Independent Retail Stores Market Analysis 2017-2030 (US$ Million)
8.5. Online Retailers Market Analysis 2017-2030 (US$ Million)
8.6. Convenient Stores Market Analysis 2017-2030 (US$ Million)
8.7. Others Sales Channel Market Analysis 2017-2030 (US$ Million)
Chapter 9. Oil Colors Market Analysis by Geography, 2017-2030 (US$ Million)
9.1. North America Oil Colors Market Analysis 2017-2030 (US$ Million)
9.1.1. U.S. Oil Colors Market Analysis 2017-2030 (US$ Million)
9.1.1.1. Pigment Type
9.1.1.2. Origin
9.1.1.3. Sales Channel
9.1.2. Canada Oil Colors Market Analysis 2017-2030 (US$ Million)
9.1.3. Mexico Oil Colors Market Analysis 2017-2030 (US$ Million)
9.2. Europe Oil Colors Market Analysis 2017-2030 (US$ Million)
9.2.1. UK Oil Colors Market Analysis 2017-2030 (US$ Million)
9.2.1.1. Pigment Type
9.2.1.2. Origin
9.2.1.3. Sales Channel
9.2.2. France Oil Colors Market Analysis 2017-2030 (US$ Million)
9.2.3. Germany Oil Colors Market Analysis 2017-2030 (US$ Million)
9.2.4. Spain Oil Colors Market Analysis 2017-2030 (US$ Million)
9.2.5. Russia Oil Colors Market Analysis 2017-2030 (US$ Million)
9.2.6. Italy Oil Colors Market Analysis 2017-2030 (US$ Million)
9.2.7. Rest of Europe Oil Colors Market Analysis 2017-2030 (US$ Million)
9.3. Asia Pacific Oil Colors Market Analysis 2017-2030 (US$ Million)
9.3.1. China Oil Colors Market Analysis 2017-2030 (US$ Million)
9.3.1.1. Pigment Type
9.3.1.2. Origin
9.3.1.3. Sales Channel
9.3.2. Japan Oil Colors Market Analysis 2017-2030 (US$ Million)
9.3.3. South Korea Oil Colors Market Analysis 2017-2030 (US$ Million)
9.3.4. India Oil Colors Market Analysis 2017-2030 (US$ Million)
9.3.5. Australia Oil Colors Market Analysis 2017-2030 (US$ Million)
9.3.6. Southeast Asia Oil Colors Market Analysis 2017-2030 (US$ Million)
9.3.7. Taiwan Oil Colors Market Analysis 2017-2030 (US$ Million)
9.3.8. Rest of Asia Pacific Oil Colors Market Analysis 2017-2030 (US$ Million)
9.4. Latin America Oil Colors Market Analysis 2017-2030 (US$ Million)
9.4.1. Brazil Oil Colors Market Analysis 2017-2030 (US$ Million)
9.4.1.1. Pigment Type
9.4.1.2. Origin
9.4.1.3. Sales Channel
9.4.2. Argentina Oil Colors Market Analysis 2017-2030 (US$ Million)
9.4.3. Rest of Latin America Oil Colors Market Analysis 2017-2030 (US$ Million)
9.5. Middle East Oil Colors Market Analysis 2017-2030 (US$ Million)
9.5.1. Israel Oil Colors Market Analysis 2017-2030 (US$ Million)
9.5.1.1. Pigment Type
9.5.1.2. Origin
9.5.1.3. Sales Channel
9.5.2. Turkey Oil Colors Market Analysis 2017-2030 (US$ Million)
9.5.3. Saudi Arabia Oil Colors Market Analysis 2017-2030 (US$ Million)
9.5.4. UAE Oil Colors Market Analysis 2017-2030 (US$ Million)
9.5.5. Rest of Middle East Oil Colors Market Analysis 2017-2030 (US$ Million)
9.6. Africa Oil Colors Market Analysis 2017-2030 (US$ Million)
9.6.1. Egypt Oil Colors Market Analysis 2017-2030 (US$ Million)
9.6.1.1. Pigment Type
9.6.1.2. Origin
9.6.1.3. Sales Channel
9.6.2. South Africa Oil Colors Market Analysis 2017-2030 (US$ Million)
9.6.3. Rest of Africa Oil Colors Market Analysis 2017-2030 (US$ Million)
Chapter 10. Company Profiles
10.1. AkzoNobel
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. Nippon
10.3. PPG
10.4. DuPont
10.5. Bayer
10.6. Sherwin-Williams
10.7. BASF SE
10.8. Asian Paints
10.9. Berkshire Hathaway
10.10. Hempel
10.11. US Paint
10.12. Blackfriar Paints
10.13. Faux Effects
Chapter 11. COVID-19 Impact Analysis
11.1. Global Oil Colors Market, 2020 – 2030, Pre-V/S Post COVID 19
11.2. Estimated Impact of The Coronavirus (Covid-19) Epidemic on the Oil Colors Market Size In 2022, By Scenario
11.3. Impact on Supply Chain and Production in Oil Colors Market
11.4. Impact on Import and Export
Chapter 12. Import-Export Analysis
12.1. North America Oil Colors Import-Export, 2017 – 2021
12.2. Europe Oil Colors Import-Export, 2017 – 2021
12.3. Asia Pacific Oil Colors Import-Export, 2017 – 2021
12.4. Latin America Oil Colors Import-Export, 2017 – 2021
12.5. Middle East America Oil Colors Import-Export, 2017 – 2021
12.6. Africa Oil Colors Import-Export, 2017 – 2021
Chapter 13. Oil Colors Marketing Channel Analysis
13.1. Marketing Channel
13.1.1. Direct Marketing
13.1.2. Indirect Marketing
13.1.3. Development Trend
13.2. Market Positioning
Chapter 14. Oil Colors Manufacturing Cost Analysis
14.1. Key Raw Materials
14.2. Key Raw Material Suppliers
14.3. Market Concentration Rate
14.4. Manufacturing Cost Structure
14.5. Process Analysis
Chapter 15. Conclusion
Oil Colors Market by Pigment Type Outlook (Revenue, USD Million, 2017 – 2030)
- White Oxides
- Zinc Oxide
- Titanium Dioxide
- Yellow Cadmium
- Ochre
- Sienna
- Umber
- Madder Root
- Other
Oil Colors Market by Origin Outlook (Revenue, USD Million, 2017 – 2030)
- Natural
- Synthetic
Oil Colors Market by Type Outlook (Revenue, USD Million, 2017 – 2030)
- Organic
- Inorganic
Oil Colors Market by Sales Channel Outlook (Revenue, USD Million, 2017 – 2030)
- Supermarkets/Hypermarkets
- Specialty Stores
- Wholesalers/Distributors
- Independent Retail Stores
- Online Retailers
- Convenient Stores
- Others
