Global Pigments Market Opportunity and Financial Overview

Pigment Industry View • COVID-19 had varied impact across application industries different end Plastics: Moderate to low impact; use in essential goods like packaging, hygienic products helped limit COVID impact Packaging Inks: Low impact and rapid recovery; use in essential goods like food packaging helped limit COVID impact Coatings: Demand was impacted during the phase of first and second wave of Covid Paints Significant industry structure changes; top players in the process of divesting their pigment business Potentially long-term changes in Supply chains due to a combination of trade related factors and COVID (including disruption in RM prices) 8 SUDARSHAN

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