The report “Pigment Dispersions Market by Dispersion Type(Water based, Solvent based), Application, Pigment Type, End-use Industry (Building & Construction, Automotive, Packaging, Paper & Printing, Textile), and Region – Global Forecast to 2026” The global pigment dispersions market size is projected to reach USD 44.4 billion by 2026 from USD 37.1 billion in 2021, at a CAGR of 3.7% during the forecast period. The growing demand for pigment dispersions from high-value end-use industries such as automotive and packaging, as well as rapid urbanization in emerging economies are the major drivers for the market. Intensifying need for paints & coatings and construction materials in developing economies is also driving the pigment dispersions market.
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• 156 Market data Tables
• 36 Figures
• 167 Pages and in-depth TOC on “Pigment Dispersions Market – Global Forecast to 2026″
Some of the prominent key players are:
- BASF SE (Germany)
- DIC Corporation (Japan)
- Sudarshan Chemical (India)
- Chromaflo (US)
- Cabot Corporation (US)
- Heubach GmbH (Germany)
- Penn Colors (US)
Opportunity: Increasing demand for organic pigments
Most of the high-performance pigments, these days are made of environment-friendly substances and possess very minimal or no threat to the health and safety of human being. Hence, the use of high-performance organic pigments is increasing as they have higher lightfastness, fastness to chemical exposure, weather fastness, and heat stability than conventional pigments. They also possess high color fastness and insolubility. These superior properties make organic pigments suitable for applications, including automotive and decorative coatings, which require excellent light and weather fastness. The development of organic pigments for specific applications provides significant growth opportunities to the pigment dispersions manufacturers. The end users prefer products that have environment-friendly properties and are less harmful to health owing to the rising global concern on environment protection and regulations set by various government bodies worldwide.
Based on dispersion type, solvent based pigment dispersions is estimated to be the largest market in the overall pigment dispersions market in 2021.
The solvent based pigment dispersions segment is the largest and is also projected to continue this trend till 2026. Solvent based pigment dispersions have a wide range of applications and exhibit beneficial properties. The key growth driver of the high consumption of these pigment dispersions is owing to their low surface tension, which makes the wetting of pigment particles easier. Solvent-based dispersions have various functional properties such as high print quality, fast-drying, and adhesion to many substrates. Solvent-based dispersions are mostly used in the printing and automotive industries.
Based on region, APAC is projected to grow the fastest in the pigment dispersions market during the forecast period.
APAC is the fastest-growing market for pigment dispersions. This is primarily attributed to developing economies, such as India, China, Indonesia, Malaysia, Thailand, and others in the region, where demand for industrial products and new constructions is growing rapidly. Also, increase in population and growing urbanization are additionally driving the market and increasing pigment dispersions utilization. In addition, progress in industrialization, increasing demand due to changing demographics, and government initiatives are expected to attract business investments in the region.
