Pigment Dispersions Market Forecasts to 2028 – Global Analysis By Pigment Type (Inorganic pigments and Organic pigments), Dispersion (Water-based dispersions and Solvent-based dispersions), Application, End User and By Geography

Pigment Dispersions Market Forecasts to 2028 – Global Analysis By Pigment Type (Inorganic pigments and Organic pigments), Dispersion (Water-based dispersions and Solvent-based dispersions), Application, End User and By Geography

According tStratistics MRC, the Global Pigment Dispersions Market is accounted for $24.5 billion in 2022 and is expected treach $35.4 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Pigment dispersions are used tmake a calibrated for liquid coatings, paints, or inks. The pigment wetting, grinding phase, and pigment suspension stability are the dispersion methods. The pigment aggregates are then broken back together tform larger structures. It is the process by which mechanical shear breaks down pigment powder intindividual particles. Tmaintain the paint's quality, essential colours and effective coating of the product or material during production, dispersion is a must for all high-grade paints. Dry pigments are converted intstable, compact pigment dispersions by the pigment dispersion process in order tget the correct colour and balance.

According tthe FDA, materials that are permissible for use as food colorants are allowed tbe used as coloring agents for food packaging and printing inks. According tthe American Coatings Association, in 2020, the coating industry shipped more than $13.6 billion of architectural coatings.

Market Dynamics:

Driver:

Growing production of non-toxic organic pigment dispersions

The majority of high-performance pigments are created from eco-friendly materials that have little tnrisk tpeople's health and safety. Because they outperform traditional pigments in terms of light fastness, chemical resistance, weather resistance, and heat stability, high-performance organic pigments are becoming more popular. The development of natural pigments for specific applications provides manufacturers of pigment dispersions and significantly expands the particular market.

Restraint:

Concerns about the environment

The mixed metal oxides in the pigment dispersion are derived from chromium, lead, cadmium, and mercury. Many industries need certify these pigments before employing them. Also, there are concerns about reducing pollution because the market's expansion is being constrained by a lack of treatment facilities and rigorous government regulations. This is because the disposal of these heavy metals is not ecologically friendly.

Opportunity:

Growing population and urbanization

Urbanization and population increase alssignificantly influence the market and boost the use of pigment dispersions. Pigment dispersions are becoming increasingly popular as the building and industrial industries in developing economies expand. Growth in industrialization, increased demand due tshifting demographics, and government measures tencourage company investments for industrial development is driving the market.

Threat:

The recycling of plastic

The pigment dispersions have a lot of advantages, but they alshave certain drawbacks, like rules governing plastic recycling. Recycling plastic involves recovering discarded plastic and processing it once more tcreate a useful product. It is alsdifficult tmaintain a balance of cost regulation mandate and the required applications that are associated with the pigment dispersion market and hence, creating challenges for the market.

Covid-19 Impact

The COVID-19 pandemic had economic repercussions impacting every sphere of life. Twcommon issues plaguing every industry are the availability of raw materials and supply chain disruptions. This has alsseverely impacted the overall paints and coatings market. The core industries, construction industry, and automobile industries that utilize paints and coatings heavily have been impacted owing tshortages of labour, raising safety concerns, and government-imposed lockdowns led tthe closing down of manufacturing plants. However, during the lockdown consumers have taken up DIY projects utilizing paints.

The organic pigments segment is expected tbe the largest during the forecast period

The organic pigments segment is estimated thave a lucrative growth, due tit offers easier dispersion properties on various substrates. Many of the high-performance pigments are made up of environment-friendly substances and pose minimal or nharm tthe health of human beings. Hence the use of organic pigments is increasing as they have fastness tchemical exposure, higher light fastness, weather fastness, and heat stability than conventional pigments.

The solvent-based dispersions segment is expected thave the highest CAGR during the forecast period

The solvent-based dispersions segment is anticipated twitness the fastest CAGR growth during the forecast period, due tthe rise in consumption from the growing residential and non-residential building construction. These are alsprimarily used on the interior and exterior of many residential and non-residential buildings. There has been significant rise in the construction of these buildings and these factors are the leading consumer of decorative coatings because of the increase in demand for the new painting and tree painting.

Region with Largest share:

Asia Pacific is projected thold the largest market share during the forecast period owing tthe growing infrastructure activities and increased spending from the government on public infrastructure development. The large proportion is due tthe quantity of raw materials and the presence of low-cost labour, which has attracted firms from diverse industries tset up manufacturing facilities in the region treap greater benefits. Thus, these factors are influencing the growth of the region

Region with highest CAGR:

Europe is projected thave the highest CAGR over the forecast period, owing tincreasing numbers of industries present in the countries. Dispersions are in high demand in these industries. The demographics have changed as a result of the advancement of industrialization, and the government is alspromoting by launching numerous programmes that are anticipated tdraw a lot of business investment for the growth of industries. These are creating an upcoming demand for the market.

Key players in the market

Some of the key players profiled in the Pigment Dispersions Market include Clariant International Ltd, Heubach GmbH, Du Pont De Nemours & Co., BASF SE, Cabot Corporation, Flint Group, Sudarshan Chemicals, Rockwood Holdings Inc., Pidilite Industries Ltd, Zhejiang Longsheng Group Co. Ltd, The Shepherd Color Company, ApollColors Inc., ChromaflTechnologies Corporation, FerrCorporation, Kronos Worldwide Inc., DIC Corporation and Solvay S.A.

Key Developments:

In June 2021, DIC Corporation, a Japan-based chemical company, acquired BASF SE pigment business for an undisclosed amount. The acquisition would broaden DIC’s portfolias a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, plastics, inks, and specialty applications.

In September 2020, BASF, a Germany-based chemical company, introduced an innovative dura-color technology, which is an anti-aging paint concept that helps protect the paint from deterioration over a long period. It has innovative and highly durable polymer dispersions for paints that resist damage from sunlight and humidity with an optimized surface tprevent dirt penetration and deter pollution.

Pigment Types Covered:
• Inorganic Pigments
• Organic Pigments

Dispersions Covered:
• Water-Based Dispersions
• Solvent-Based Dispersions

Applications Covered:
• Industrial Paints & Coatings
• Automotive Paints & Coatings
• Decorative Paints & Coatings
• Plastics
• Inks

End Users Covered:
• Automotive
• Building & Construction
• Paper & Printing
• Packaging
• Industrial
• Textile

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements