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  • Pigment Dispersion Market Analysis | 2023-2028

    Pigment Dispersion Market Analysis | 2023-2028

    Pigment Dispersion Market Analysis | 2023-2028
    Report code - SR2572 Delivery - 2 Weeks
    Pigment Dispersion Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth O See more...

    "The pigment dispersion market is likely to rebound at a promising CAGR of 5.1% in the long run to reach USD 65.6 Billion in 2028".

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    Market Dynamics

    Introduction

    Pigment dispersion refers to the process of dispersing pigments in a liquid medium to create a homogeneous mixture. It involves breaking down pigment particles into smaller sizes and distributing them evenly throughout the liquid medium. The resulting pigment dispersion is a concentrated formulation that can be easily incorporated into various applications such as paints, coatings, inks, plastics, textiles, and cosmetics.

    Pigment Dispersion Market Report Overview

    Market Size in 2028

    USD 65.6 Billion

    Market Growth (2023-2028)

    CAGR of 5.1%

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

     

    Market Drivers

    Driver: Surge in applications of pigment dispersions in emerging economies:

    Emerging economies like Asia-Pacific and South America are experiencing rapid industrialization, offering significant opportunities for pigment dispersions market growth. Key manufacturing sectors in countries like China, India, South Korea, Indonesia, Thailand, Taiwan, Brazil, Mexico, Malaysia, Vietnam, Colombia, Chile, and Argentina are experiencing significant growth, further fueling market growth in these regions.

    Government policies in certain regions are fostering industry growth due to low labor costs, a skilled workforce, raw material availability, and urbanization. This has attracted both domestic and foreign companies to establish facilities. The plastics industry is also expanding due to its superior properties, such as durability, weather resistance, insulation, thermal stability, and chemical resistance. The textile end-use industry is also expanding due to its diverse applications

    Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    Pigment-Type Analysis

    Organic pigments and Inorganic pigments

    Organic pigments are anticipated to remain the biggest demand generator in the years to come.

    Dispersion-Type Analysis

    Water-based dispersions and Solvent-based dispersions

    Water-based dispersions have been gaining prominence and are gradually dominating the pigment dispersion market

    Application Analysis

    Automotive paints & coatings, Decorative paints & coatings, Industrial paints & coatings, Inks, Plastics and Others

    Decorative paints & coatings segment accounted for the largest market share in the years to come.

    End-use Industry Analysis

    Building & Construction, Automotive, Packaging, Paper & printing, Textile and Others

    Building & construction is dominating the market segment and will be leading in the forecasted period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and Rest of the World

    Asia-Pacific is expected to remain the largest market over the next five years.

     

    Pigment Trends

    The pigment dispersion market is segmented into organic pigments and inorganic pigments. Organic pigments are expected to remain the largest and fastest-growing pigment type in the market during the forecast period owing to their variety of characteristics as they are derived from carbon-containing compounds and offer a wide range of colors, high color strength, and excellent lightfastness which have helped them gain popularity in many applications. They offer a broader color gamut and can be easily customized to achieve specific shades and effects. Additionally, organic pigments often exhibit good durability, chemical resistance, and weatherability.

    Dispersion Trends

    The market is segmented into water-based dispersions and solvent-based dispersions. Water-based dispersion is expected to hold the largest share in the market during the forecast period as it offers several advantages like lower VOC emissions, environmental friendliness, ease of use, and regulatory compliance.

    Application Trends

    The market is segmented into automotive paints & coatings, decorative paints & coatings, industrial paints & coatings, inks, plastics, and others. Decorative paints & coatings are expected to remain dominant in the market during the forecast period as it encompass a wide range of applications, including interior and exterior architectural coatings, residential and commercial painting, and DIY projects. Pigment dispersions are essential in these applications to achieve desired colors, opacity, and durability.

    End-Use Industry Trends

    The market is segmented into building & construction, automotive, packaging, paper & printing, textile, and others. Building & Construction will continue to have the largest market share in the market during the forecast period due to its usage in architectural coatings, including paints and decorative finishes for interior and exterior applications. They provide color, durability, and protection to various surfaces such as walls, ceilings, facades, and roofs.

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    Regional Analysis

    Asia-Pacific is expected to remain the largest market for Pigment Dispersion during the forecast period due to its high demand in several countries like China, India, Japan, South Korea, and Southeast Asian nations, has emerged as a dominant force in the pigment dispersion market. This is primarily driven by rapid industrialization, robust manufacturing sectors, expanding automotive production, infrastructure development, and a large consumer base. The region is known for its significant presence in industries such as paints and coatings, printing inks, textiles, and plastics, which are major consumers of pigment dispersions.

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    Key Players

    The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the Pigment Dispersion Market (arranged alphabetically)

    • BASF SE
    • Chromaflo
    • Cabot corporation
    • Dystar Corporation
    • DIC corporation
    • Heubach GmbH
    • Lanxess
    • Sudarshan Chemical
    • Penn Colors
    • Pidilite

    Note: The above list does not necessarily include all the top players in the market.

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Pigment Dispersion Market 

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQ)

    The pigment dispersion market is estimated to grow at a CAGR of 5.1% by 2028, driven by increasing demand in developing building & construction, automotive and other industries. The governments policies supporting the growth of industries, low labor costs, a skilled workforce, and the availability of raw materials will further fuel the market.

    BASF SE, DIC Corporation, Sudarshan Chemical, Chromaflo, and Cabot Corporation are the leading players in the pigment dispersion market.

    Asia-Pacific is estimated to remain the fastest-growing market for pigment dispersion in the foreseeable future. Owing to its high demand in several countries like China, India, Japan, South Korea, and Southeast Asian nations, it has emerged as a dominant force in the pigment dispersion market. This is primarily driven by rapid industrialization, robust manufacturing sectors, expanding automotive production, infrastructure development, and a large consumer base.

    Decorative paints & coatings are expected to remain dominant in the market during the forecast period as it encompass a wide range of applications, including interior and exterior architectural coatings, residential and commercial painting, and DIY projects.

    Organic pigments are expected to remain the largest and fastest-growing pigment type in the market during the forecast period owing to their variety of characteristics as they are derived from carbon-containing compounds and offer a wide range of colors, high color strength, and excellent lightfastness which have helped them gain popularity in many applications.

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