Pigment Dispersion Market Size, Share, Latest Trends, Top Companies and Growth Forecast Report, 2030
Research Reports
Oct 18, 2022
The global pigment dispersion market was estimated to grow at USD 46.5 billion with a CAGR of 3.9% during the forecast period. The global pigment dispersion market was driven by the increasing demand for paints, construction materials, and coatings in emerging nations. The pigment dispersion was the suspension of the insoluble solid particles which were available in the form of water or the form of organic solvent. These types of particles play the important role in deciding the end properties of paints, printing inks, and lacquers.
The major functions of the usage of pigment dispersions were the combat of various chemical damages, discoloration, harsh temperatures, and weather effects. Some major applications of pigment dispersion are the industries such as chemical, construction, and automobile industries. If the pigments are not dispersed properly then the paint will not hold and keep the intended color standards. The properly dispersed pigments are important for creating good quality paints.
The dispersed pigments quality was evaluated by the heat resistance, strength of the color, stability of the weather, and how productive the color is when spread on large areas with a good concentration of the pigments of the color. There are various manufacturers which utilize pigment dispersions for coloring more types of materials like thermoset composites, paint, inks, coating plastics, textiles, etc. In the forecast period, these kinds of applications in various industries will influence the pigment dispersion market revenue.
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During the COVID-19 pandemic, the growth of the global pigment dispersion market was impacted due to the lockdown restrictions. Because the rapid industrialization, the global pigment dispersion market was grown rapidly in emerging countries like South America and Asia-Pacific. In recent years, the packaging, construction, textile, and automotive industries lead to significant growth. For automotive manufacturing and aircraft, there was an increase in the demand for UV protection paints and protection paints.
During the review period, there was a growth in the size of the global pigment dispersion market due to the demand for wood finish paints. The regulations of using some grade pigments discourage the end users due to the high cost for applications which inhibits the growth of the global pigment dispersion market during the assessment period. The government also restricted the usage of toxic chemical substances in pigment dispersion manufacturing which hinder the growth of the global pigment dispersion market.
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Market Segmentation
The global pigment dispersion market was segmented based on dispersion type and end-use.
Based on dispersion type, the global pigment dispersion market was divided into solvent and water.
Based on end-use, the global pigment dispersion market was divided into printing, construction, furniture, automobile, and aerospace.
Regional Classification
The global pigment dispersion market was spread in the following regions – Asia-Pacific, Europe, North America, and the Rest of the World.
Industry News
The key players involved in the global pigment dispersion market are BASF SE (Germany), PPG Industries Inc. (US), Clariant (Switzerland), RPM International Inc. (US), Dunn-Edwards Corporation (US), Akzo Nobel N.V. (The Netherlands), KANSAI PAINT CO., LTD (Japan), The Sherwin-Williams Company (US), Tikkurila Oyj (Finland) and Kelly-Moore Paints (US).
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