Pigment Dispersions Market – Global Industry Analysis And Forecast (2023-2029)

Global Pigment Dispersions Market was valued at US$ 28.12 Bn. in 2022. The Global Pigment Dispersions Market size is estimated to grow at a CAGR of 3.8 % over the forecast period.
Pigment Dispersions Market Overview:
The report explores the Pigment Dispersions market and its segments (Pigment Type, Dispersion, Application, End-Use, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the Pigment Dispersions market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Pigment Dispersions market's contemporary competitive scenario.To know about the Research Methodology:-Request Free Sample Report
Pigment Dispersions Market Dynamics:
With the increase in the building & construction, automotive and other industries are increasing in demand in the market:

The increase in industrialization in developing and developed economies such as Asia-Pacific and North America is expected to provide huge opportunities for the growth of the pigment dispersion market. The increase in the building and construction, automotive, and other industries are increasing the demand for pigment dispersion market. The increasing demand for paint and coating, and construction material in emerging countries is also driving the market growth.

In addition, there is a growth in the demand for organic pigments in the application of paint & coatings, andj printing inks are influencing the market. There is a rapid growth in the manufacturing sectors of the developing countries such as India, China, Brazil, South Korea, Indonesia, Thailand, Taiwan, Mexico, Malaysia, Vietnam, Colombia, Argentina, and Chile. Also, the government is promoting the growth of industries through various schemes and policies. These factors are driving the market growth through the forecast period.

The concerns for the environment are associated with the pigment dispersion market:

The pigment dispersion contains mixed metal oxides that are made from Chromium, Lead, Cadmium, and Mercury. These pigments should be certified by various industries for using them. Also, there is a concern for reducing pollution as the disposal of these heavy metals are not environmentally friendly certain challenges are faced by Chinese producers due to inadequate treatment facilities and the strict government rules that are limiting the growth of the pigment dispersion market growth.

Also, these factors have led to the closure of significant chemical units. The companies are also trying to develop new products that will add to the parameters that are led by the government. Additionally, the regulatory Framework has also posted many companies to modify their practices to avoid the risk of the extreme penalties that can cause by the use of these pigments. These factors are limiting the growth of the pigment dispersion market through the forecast period.

The rise in the demand for the organic pigments is creating an upcoming opportunity for the growth of the market:

There is an increase in demand for Organic pigments as they are high-performing pigments that are made of mentally friendly substances and also have very minimal or no threat to the health of humans and animals. Hence the use of these pigments has increased as they have higher lightfastness to chemical exposure heat stability with weather-fastness than other conventional pigments. They also have some special features such as high color fasteners and insolubility comma; these properties make organic pigment suitable for applications that include Automotive and decorative coatings, which require very excellent light with weather fastness. Therefore, the development of organic pigment for specific applications provides a significant growth opportunity to the pigment dispersion manufacturers through the forecast period.

Also, the users prefer more environment-friendly products that are less harmful to the health of humans and reduce the concern for environmental protection. Certain regulations are also said by the government body globally that are going to create an upcoming opportunity for the growth of the pigment dispersion market through the forecast period.

The recycling of plastic has created challenges for the market:

The pigment dispersions have many benefits but are also facing some the challenges, such as regulation related to the recycling of plastics. The recycling of plastic is a process of recovering waste plastic and reprocessing the material into a useful product. The white and colored plastics with transparent plastics are referred to as the color recycled market.

The European Union regulations have made it necessary to choose the correct pigment that meets the legal requirement for the specific application in the industries. It has also been made compulsory to choose a certain grated pigment for the applications while the other lower-cost alternatives that are present in the market can be used. It is also difficult to maintain a balance of cost regulation mandate and the required applications that are associated with the pigment dispersion market and hence, creating challenges for the upcoming market through the forecast period.

Pigment Dispersions Market Trends:

Certain other facilities are allowed for establishing national and international companies in these regions, such as low labor cost, availability of skilled workforce, availability of raw materials, and rising urbanization. Also, the growth in the plastic industry is demanding pigment dispersion in these regions. The increase in plastic consumption because of its special features such as durability, weather resistance, moisture resistance, thermal stability, chemical resistance, and superior abrasion. These factors are driving the market growth through the forecast period. Also, the users prefer more environment-friendly products that are less harmful to the health of humans and reduce the concern for environmental protection. These factors are driving the market growth through the forecast period.
Pigment Dispersions Market Segment Analysis:
Based on Pigment Type, the Pigment Dispersions Market is segmented into Organic Pigment and Inorganic pigment. The organic pigment has dominated the largest market share accounting for 52% in 2022, and is expected to grow at a CAGR of 3.9% during the forecast period. As the solvent-based pigments have a low surface tension, that makes the Batting of pigment particles much easier. These also have certain functional properties like high print quality and fast drying. These are mostly used in the printing and automotive industries. The significant rice in the automatic industries is creating an opportunity for the emerging demands for solvent-based pigments through the forecast period.

Based on Dispersion Type, the Pigment Dispersions Market is segmented into Water-based dispersions and solvent-based dispersions. Solvent-based dispersion has dominated the largest market share accounting for 48% in 2022, and is expected to grow at a CAGR of 3.2% during the forecast period. This is because of the rise in consumption from the growing residential and non-residential building construction. These are also primarily used on the interior and exterior of many residential and non-residential buildings. There has been significant rice in the construction of these buildings in the past few years, and these factors are the leading consumer of decorative coatings because of the increase in demand for the new painting and tree painting of the residential and non-residential Constructions that are giving rise in homeownership of the developing countries.
Regional Insights:
The Asia Pacific region held the largest market share accounting for 58.9% in 2022. This is because of the rapidly growing market in the Asia Pacific region. This is leading to the rise in construction activity and the manufacturing sectors in the developing countries such as China, India, Malaysia, Thailand, Vietnam, and others in this region. There is a high demand for industrial machinery, Textiles, automobiles, and packaging materials.

The rise in the sectors is increasing the demand for pigment dispersions in the market. Also, the growing urbanization has increased the pigmentation dispersion utilisations. The progress in industrialization also changed the demographics, and the government is also promoting by taking various initiatives that are expected to attract many business Investments for the development of industries. These factors are driving the growth of the market through the forecast period.

The North American region is expected to witness significant growth at a CAGR of 4.3% through the forecast period as North American region is a developed economy with many increasing numbers of industries present in the countries. These have a high demand for dispersions in their industries. These are creating an upcoming demand for the pigment dispersion market through the forecast period.

The objective of the report is to present a comprehensive analysis of the global Pigment Dispersions Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The reports also help in understanding the Pigment Dispersions Market dynamic and structure by analyzing the market segments and projecting the Pigment Dispersions Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Pigment Dispersions Market make the report investor’s guide.
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Global Pigment Dispersions Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 28.12 Bn


Forecast Period 2023 to 2029 CAGR:
3.8%
Market Size in 2029:
US $ 36.52 Bn


 Segments Covered:
by Pigment Type
Organic pigments
Inorganic pigments


by  Dispersion
Water-based dispersions
Solvent-based dispersions


by Application
Automotive paints & coatings
Decorative paints & coatings
Industrial paints & coatings
Inks
Plastics
Others


by End-User
Building & construction
Automotive
Packaging
Paper & printing
Textile
Others



Pigment Dispersions Market by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Pigment Dispersions Market Key Players:
1. BASF
2. DIC Corporation
3. Sudarshan Chemical
4. Chromaflo
5. Cabot Corporation
6. Heubach GmbH
7. Penn Color
8. Pidilite
9. Sherwin-Williams
10. Archroma Management LLC
11. Chromatech Inc.
12. Dowdupont Inc.
13. Dystar
14. Rpm International Inc.
15. Solvay S.A.
16. Lanxess
17. AArbor International Corporation
18. American Elements
19. Apollo Colors Inc.
20. Aralon Color GmbH
21. Ferro Corporation
22. Flint Group
23. Kama Pigments

Frequently Asked Questions:

1) What segments are covered in the Pigment Dispersions Market report?
Ans. The segments covered in the market report are based on Pigment Type, Dispersion, Application, End-Use, and Region.

2) Which region holds the highest share in the Pigment Dispersions Market?
Ans. The North American region is expected to hold the highest share in the market.

3) What is the market size of the Pigment Dispersions Market by 2029?
Ans. The market size of the market by 2029 is US$ 36.52 Bn.

4) What is the forecast period for the Pigment Dispersions Market?
Ans. The Forecast period for the market is 2023-2029.

5) What was the market size of the Pigment Dispersions Market in 2022?
Ans. The market size of the market in 2022 was US$ 28.12 Bn.