Pigment Dispersions Market

Pigment Dispersions Market Size (2023-2028):

The Pigment Dispersions Market was assessed to be at USD 47.2 billion in 2022 and is foreseen to reach an extent of USD 57.3 billion by 2028, at a growth rate of 8.5% over the anticipated period 2023-2028

The growing demand for paints & coatings in the building & construction industry is operating the market avenue. Water-based pigment dispersion is mostly used in significant applications like paints & coatings, printing inks, and plastics. Stringent regulations on the production of pigments due to their harmful effect on health and the environment are a significant restraint on market growth.

Drivers and Restraints in the Pigment Dispersions Market:

Packaged Food and Beverages are determined to develop this business growth in the coming years. The changes in consumer preference for colored packaging are likely to fuel the demand for pigment dispersion. Packaging that needs a longer shelf life is employed for cereals, chocolates, jams, jellies, nuts, and others. Pigment dispersions are extensively employed in plastics, paper, and paperboard materials bases. These applications along with the rapid urbanization are promoting the construction of commercial and residential complexes, supporting overall demand. The augmenting need for automotive coatings is also foreseen to boost the expansion of this market. Due to its non-toxic properties, there is an increasing awareness about organic pigments that is determined to surge this market boom.

On the other hand, strict government laws to curb the use of toxic colors and coatings are predicted to impede the global pigment dispersions market. The increasing research and development to improve product bases that are sustainable and cost-effective are encouraging the global pigment dispersions market to widen in the near future.

PIGMENT DISPERSIONS MARKET REPORT COVERAGE:

Market Segmentation

Pigment Dispersions Market - By Type:

Organic Pigments:

• Azo Pigments

• High-Performance Pigments

• Phthalocyanine Pigments

• Others

Inorganic Pigments:

• Titanium dioxide

• Iron Oxide

• Carbon Black

• Others (chromium oxide, cadmium oxide, metallic pigments, and bismuth)

On the basis of type, demand for organic pigments is increasing based on their superior properties. The opportunity for the market boom is supported by an increase in demand for organic pigments. The regulations for plastic recycling plastic are one of the significant challenges for the pigment dispersions market.

Pigment Dispersions Market - By End-Use:

• Building & construction
• Automotive
• Packaging
• Paper and printing
• Textile
• Others (Consumer goods, cosmetics, and electronics)

On the basis of the end-use industry, in 2018, the building & construction segment was the largest consumer of the pigment dispersions market. Nonetheless, the automotive industry is predicted to be the fastest end-use industry in the global pigment dispersion market during the forecast period.

Pigment Dispersions Market - By Dispersions Type:

• Water-based
• Solvent-based

On the basis of dispersion type, water-based dispersion is the larger and faster-growing type yet to because of its low volatile organic compounds, gloss, tinting strength, fluidity, and storage stability properties.

Pigment Dispersions Market - By Application:

• Paints & coatings
• Inks
• Plastics
• Others

The paints & coatings application is estimated to lead the global pigment dispersions market. It is also the largest and fastest-growing consumer segment. The extending demand for decorative coatings is foreseen to develop in the coming years because of the augmenting call for paints & coatings in residential, commercial, and industrial construction.

Pigment Dispersions Market – By Region:

• North America

• Europe 

• Asia Pacific

• Latin America

• The Middle East and Africa

On the basis of type of region, the global pigment dispersions market has been categorized into the Asia Pacific (APAC), Europe, North America, the Middle East & Africa, and South America. APAC is estimated to register the highest growth in the global pigment dispersions market in the coming years. The inclusion of pigment dispersions in the building & construction industry is mainly dominated by the Asia Pacific. The burgeoning population and end-use industries have resulted in increased innovation and development, making APAC a leading industrial hub in the world. The extensive growth and innovations, coupled with industry consolidations, are foreseen to provide extensive growth potential for this regional market.

Recent Developments:

• In March 2019, BASF introduced a new product, cosmic blue stir-in pigment as a result of a partnership with Landa Labs and that pigment has applications in the automotive industry. It will reduce the time and cost of production.

• In April 2019, Lubrizol obtained a Queen’s Award for its exceptional trade performance in Diamond Dispersion, which delivers color concentrates that are used in inkjets. The award was for very unusual or remarkable growth in sales in the last three years.

Pigment Dispersions Market - Key Players:

• Clariant (Switzerland)

• BASF (Germany)

• DIC Corporation (Japan)

• Sudarshan Chemical (India)

• Chromaflo (US)

• Cabot Corporation (US)

• Heubach GmbH (Germany)

• Penn Color (US)

• Pidilite (India)

• Sherwin-Williams (US)