Organic Pigment Dispersions Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Organic Pigment Dispersions Market
The organic pigment dispersions market size was valued at USD 0.37 billion in 2023, and the market is now projected to grow from USD 0.39 billion in 2024 to USD 0.53 billion by 2032, exhibiting a CAGR of 4.3% during the forecast period of 2024-2032.
The outbreak of COVID-19 had a negative impact on the organic pigment dispersions market in a major way. COVID-19 affected production through limits on lockdowns and disruption of supply chains that limited the availability of raw materials and manufacturing time. Organic pigments finding application largely in automotive, construction, and textiles industries suffered lower demand which in turn reflected in the sales. Nonetheless, therefore as economies came back on track and fields such as packaging as well as e-commerce resurged, the uptake of pigment dispersion slowly began to revive. The change toward sustainable products also boosted market growth as consumers focused on the use of environmentally friendly pigments for packaging and printing usages, particularly after the pandemic situation.
Specifically, the market of organic pigment dispersions is becoming increasingly focused on sustainability and innovation. Eco-friendly, non-toxic pigments have become popular because industries place high importance on environmentally friendly solutions. Aqueous dispersions are growing more popular, especially for packaging, textile, and printing, because of their low VOC output. However, the main issue is that the quality of pigments has being enhanced by the newly developed dispersion technology, bringing out the best out of normally dull colored collections in terms of vibrancy and stability. Significant growth in e-commerce packaging and digital printing has created more demand for high quality pigments further, while automotive and construction industries based applications require weather stable pigments. Thus, all the above mentioned factors are contributing towards the organic pigment dispersions market growth.
The inorganic pigment dispersions market is defining by the growing demand of inorganic pigments in various fields including construction, automotive, and packaging. Such pigment is highly opaque, stable, and chemically inert and has excellent resistance to weather for use in paints, coatings and plastics. Higher infrastructure development and car manufacturing are increasing pull for the product particularly in the emerging markets. Also in dispersion technology there has been enhancement in product performance and innovations to meet specific end uses like high heat and UV stability. Combined with awareness of sustainability, there is also expansion in using environment tempts formulation of green pigment.
Comprehensive Analysis Organic Pigment Dispersions Market
The market for inorganic pigment dispersions is then categorized based on the application area of the pigment dispersion product, such as printing inks, coatings, plastics, and all other applications. In printing inks, these dispersions offer good colour strength and resistance which increases printing quality for packaging, advertising and publishing. Coatings employ inorganic pigments because of their stability – able to withstand weathering, chemical and UV – in automotive, industrial and architectonic uses. In plastics these pigment confer colour while providing mechanical properties such as strength and are used in packaging, consumer products, construction materials etc. Others are electronics and textiles where shade equity and stability take very important positions.
Asia-Pacific holds the largest share in the inorganic pigment dispersions market because of rising industrialization and growth in automobile and construction industries as well as packaging. China, India, and Japan are the leading manufacturers and their increasing usage of the pigments in coatings, plastics, and inks further propels the growth for high-performance pigments. Increased extensions of infrastructures and the increasing manufacturing of consumer goods also continue to boost the market. Also, enhancement of the manufacturing process through green initiatives and environmentally friendly future-oriented raw materials are defining the regional pigment economy. Pigment dispersion of inorganic types play a central role in this region and the Asia-Pacific region continues to be the largest and fastest growing market due to sustained technology development and a sound industrial platform.
Key players in this sector include BASF SE (Germany), DIC Corporation (Japan), Sudarshan Chemical (India), Chromaflo (U.S.), Cabot Corporation (U.S.), Heubach GmbH (Germany), Penn Colors (U.S.), Pidilite (India)
Based on the type of pigment dispersions, packaging and textile industries are expected to drive water based pigment dispersion demand in 2024 market. As the environmental rules for volatiles continue to tighten, and consumers demand more environmentally friendly products marketers are slowly moving away from solvent-based products to water borne dispersions. Such products emit less VOC and are less toxic than conventional products, hence responsiveness to the global initiatives to embrace environmentally friendly production processes. In addition, improvements in dispersion technology occurred and now water-based products provide high Stabilized color strength and whiteness of the required industry standard concerning brightly colored and sustainable color solutions.
Segmentation Table
ATTRIBUTE DETAILS
Study Period2017-2028
Base Year2020
Estimated Year2021
Forecast Period2021-2028
Historical Period2017-2019
UnitValue (USD Billion) and Volume (Kilo Tons)
SegmentationApplication; and By Region
By ApplicationPrinting Inks
Coatings
Plastic
Others
By RegionNorth America (By Application)
U.S. (By Application)
Canada (By Application)
Europe (By Type, By Application)
Germany (By Application)
U.K. (By Application)
France (By Application)
Italy (By Application)
Rest of Europe (By Application)
Asia Pacific (By Type, By Application)
China (By Application)
Japan (By Application)
India (By Application)
Rest of Asia Pacific (By Application)
Latin America (By Type, By Application)
Brazil (By Application)
Mexico (By Application)
Rest of Latin America (By Application)
Middle East & Africa (By Type, By Application)
GCC (By Application)
South Africa (By Application)
Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Industry SWOT Analysis
- 4.3. Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
- 5. Qualitative Insights – Impact of COVID-19 on Global Organic Pigment Dispersions Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Government/Companies to overcome this impact
- 5.3. Potential opportunities due to COVID-19 outbreak
- 6. Global Organic Pigment Dispersions Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Application (Value/Volume)
- 6.2.1.1. Printing Inks
- 6.2.1.2. Coatings
- 6.2.1.3. Plastics
- 6.2.1.4. Others
- 6.2.2. By Region (Value/Volume)
- 6.2.2.1. North America
- 6.2.2.2. Europe
- 6.2.2.3. Asia Pacific
- 6.2.2.4. Latin America
- 6.2.2.5. Middle East & Africa
- 7. North America Organic Pigment Dispersions Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Application (Value/Volume)
- 7.2.1.1. Printing Inks
- 7.2.1.2. Coatings
- 7.2.1.3. Plastics
- 7.2.1.4. Others
- 7.2.2. By Country (Value/Volume)
- 7.2.2.1. U.S.
- 7.2.2.1.1. By Application (Value/Volume)
- 7.2.2.1.1.1. Printing Inks
- 7.2.2.1.1.2. Coatings
- 7.2.2.1.1.3. Plastics
- 7.2.2.1.1.4. Others
- 7.2.2.2. Canada
- 7.2.2.2.1. By Application (Value/Volume)
- 7.2.2.2.1.1. Printing Inks
- 7.2.2.2.1.2. Coatings
- 7.2.2.2.1.3. Plastics
- 7.2.2.2.1.4. Others
- 8. Europe Organic Pigment Dispersions Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Application (Value/Volume)
- 8.2.1.1. Printing Inks
- 8.2.1.2. Coatings
- 8.2.1.3. Plastics
- 8.2.1.4. Others
- 8.2.2. By Country (Value/Volume)
- 8.2.2.1. Germany
- 8.2.2.1.1. By Application (Value/Volume)
- 8.2.2.1.1.1. Printing Inks
- 8.2.2.1.1.2. Coatings
- 8.2.2.1.1.3. Plastics
- 8.2.2.1.1.4. Others
- 8.2.2.2. UK
- 8.2.2.2.1. By Application (Value/Volume)
- 8.2.2.2.1.1. Printing Inks
- 8.2.2.2.1.2. Coatings
- 8.2.2.2.1.3. Plastics
- 8.2.2.2.1.4. Others
- 8.2.2.3. France
- 8.2.2.3.1. By Application (Value/Volume)
- 8.2.2.3.1.1. Printing Inks
- 8.2.2.3.1.2. Coatings
- 8.2.2.3.1.3. Plastics
- 8.2.2.3.1.4. Others
- 8.2.2.4. Italy
- 8.2.2.4.1. By Application (Value/Volume)
- 8.2.2.4.1.1. Printing Inks
- 8.2.2.4.1.2. Coatings
- 8.2.2.4.1.3. Plastics
- 8.2.2.4.1.4. Others
- 8.2.2.5. Rest of Europe
- 8.2.2.5.1. By Application (Value/Volume)
- 8.2.2.5.1.1. Printing Inks
- 8.2.2.5.1.2. Coatings
- 8.2.2.5.1.3. Plastics
- 8.2.2.5.1.4. Others
- 9. Asia-Pacific Organic Pigment Dispersions Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Application (Value/Volume)
- 9.2.1.1. Printing Inks
- 9.2.1.2. Coatings
- 9.2.1.3. Plastics
- 9.2.1.4. Others
- 9.2.2. By Country (Value/Volume)
- 9.2.2.1. China
- 9.2.2.1.1. By Application (Value/Volume)
- 9.2.2.1.1.1. Printing Inks
- 9.2.2.1.1.2. Coatings
- 9.2.2.1.1.3. Plastics
- 9.2.2.1.1.4. Others
- 9.2.2.2. Japan
- 9.2.2.2.1. By Application (Value/Volume)
- 9.2.2.2.1.1. Printing Inks
- 9.2.2.2.1.2. Coatings
- 9.2.2.2.1.3. Plastics
- 9.2.2.2.1.4. Others
- 9.2.2.3. India
- 9.2.2.3.1. By Application (Value/Volume)
- 9.2.2.3.1.1. Printing Inks
- 9.2.2.3.1.2. Coatings
- 9.2.2.3.1.3. Plastics
- 9.2.2.3.1.4. Others
- 9.2.2.4. Rest of Asia Pacific
- 9.2.2.4.1. By Application (Value/Volume)
- 9.2.2.4.1.1. Printing Inks
- 9.2.2.4.1.2. Coatings
- 9.2.2.4.1.3. Plastics
- 9.2.2.4.1.4. Others
- 10. Latin America Organic Pigment Dispersions Market Analysis, Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Application (Value/Volume)
- 10.2.1.1. Printing Inks
- 10.2.1.2. Coatings
- 10.2.1.3. Plastics
- 10.2.1.4. Others
- 10.2.2. By Country (Value/Volume)
- 10.2.2.1. Brazil
- 10.2.2.1.1. By Application (Value/Volume)
- 10.2.2.1.1.1. Printing Inks
- 10.2.2.1.1.2. Coatings
- 10.2.2.1.1.3. Plastics
- 10.2.2.1.1.4. Others
- 10.2.2.2. Mexico
- 10.2.2.2.1. By Application (Value/Volume)
- 10.2.2.2.1.1. Printing Inks
- 10.2.2.2.1.2. Coatings
- 10.2.2.2.1.3. Plastics
- 10.2.2.2.1.4. Others
- 10.2.2.3. Rest of Latin America
- 10.2.2.3.1. By Application (Value/Volume)
- 10.2.2.3.1.1. Printing Inks
- 10.2.2.3.1.2. Coatings
- 10.2.2.3.1.3. Plastics
- 10.2.2.3.1.4. Others
- 11. Middle East & Africa Organic Pigment Dispersions Market Analysis, Insights and Forecast, 2017-2028
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecast
- 11.2.1. By Application (Value/Volume)
- 11.2.1.1. Printing Inks
- 11.2.1.2. Coatings
- 11.2.1.3. Plastics
- 11.2.1.4. Others
- 11.2.2. By Country (Value/Volume)
- 11.2.2.1. GCC
- 11.2.2.1.1. By Application (Value/Volume)
- 11.2.2.1.1.1. Printing Inks
- 11.2.2.1.1.2. Coatings
- 11.2.2.1.1.3. Plastics
- 11.2.2.1.1.4. Others
- 11.2.2.2. South Africa
- 11.2.2.2.1. By Application (Value/Volume)
- 11.2.2.2.1.1. Printing Inks
- 11.2.2.2.1.2. Coatings
- 11.2.2.2.1.3. Plastics
- 11.2.2.2.1.4. Others
- 11.2.2.3. Rest of Middle East & Africa
- 11.2.2.3.1. By Application (Value/Volume)
- 11.2.2.3.1.1. Printing Inks
- 11.2.2.3.1.2. Coatings
- 11.2.2.3.1.3. Plastics
- 11.2.2.3.1.4. Others
- 12. Competitive Analysis
- 12.1. Business Strategies Adopted by Leading Players
- 12.2. Global Organic Pigment Dispersions Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 13. Company Profiles
- 13.1. BASF SE (Ludwigshafen, Germany)
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Type Portfolio
- 13.1.4. Financials (As per Availaibity)
- 13.1.5. Recent Developments
- 13.2. DIC Corporation (Tokyo,Japan)
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Type Portfolio
- 13.2.4. Financials (As per Availaibity)
- 13.2.5. Recent Developments
- 13.3. Sudarshan Chemical (Pune, India)
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Type Portfolio
- 13.3.4. Financials (As per Availaibity)
- 13.3.5. Recent Developments
- 13.4. Chromaflo (Ohio, U.S.)
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Type Portfolio
- 13.4.4. Financials (As per Availaibity)
- 13.4.5. Recent Developments
- 13.5. Cabot Corporation (Massachusetts, US)
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Type Portfolio
- 13.5.4. Financials (As per Availaibity)
- 13.5.5. Recent Developments
- 13.6. Heubach GmbH (Langelshiem, Germany)
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Type Portfolio
- 13.6.4. Financials (As per Availaibity)
- 13.6.5. Recent Developments
- 13.7. Penn Colors (Pennsylvania, US)
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Type Portfolio
- 13.7.4. Financials (As per Availaibity)
- 13.7.5. Recent Developments
- 13.8. Pidilite (Mumbai, India)
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Type Portfolio
- 13.8.4. Financials (As per Availaibity)
- 13.8.5. Recent Developments
- 13.9. Lanxess (Cologne, Germany)
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Type Portfolio
- 13.9.4. Financials (As per Availaibity)
- 13.9.5. Recent Developments
- 13.10. DyStar Corporation (Singapore)
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Type Portfolio
- 13.10.4. Financials (As per Availaibity)
- 13.10.5. Recent Developments
- 14. Appendix
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