Pigment Dispersion Market Trends and Segments Forecast To 2029
The global pigment dispersion market size was valued at USD 24.2 billion in 2022 and is poised to grow at a CAGR of 4.4% during the forecast period 2023-2029. The primary factors that drive the market are increasing growth in the packaging business in both the fields of food and non-food packaging and label printing.
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The global pigment dispersion market segmentation:
1) By Pigment Type: Organic Pigments, Inorganic Pigments.
2) By Dispersion Type: Water-Based Dispersions, Solvent-Based Dispersions.
3) By Application: Automotive Paints & Coatings, Decorative Paints & Coatings, Industrial Paints & Coatings, Inks, Plastics, Others.
4) By End Users: Building & Construction, Automotive, Packaging, Paper & Printing, Textile, Others.
Solvent-Based Dispersions to Dominate the Pigment Dispersion Market:
Based on dispersion type, solvent-based dispersions hold the highest market share. The major factor for the rise of this segment is the increased consumption of these pigment dispersions due to their low surface tension, which makes the dampening of pigment units easy. Solvent-based dispersions have numerous functional characteristics such as adhesion to numerous substrates, high print quality, and fast drying. Solvent-based dispersions are regularly used in the automotive and printing industries. These factors can drive the global pigment dispersion market growth.
Asia Pacific Pigment Dispersion Market
The Asia Pacific leads the global pigment dispersion market growth due to rising manufacturing and construction sector in developing countries, such as Indonesia, India, Thailand, China, Vietnam, Malaysia, and other countries in the region, need for automobiles, industrial machinery, packaging materials, and textiles, and as well as new construction of new buildings is increasing swiftly. The Asia Pacific leads the global market due to its growing population, rising urbanization, and growing demand due to changes in demographics. The global pigment dispersion market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In October 2020, Poteet Printing Systems LLC. was acquired by Flint Group to expand its business. In June 2021, Heubach GmbH announced a partnership with S.K. Capital Partners and acquired Clariant's Pigments Business to manufacture pigment.
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Key players’ profiles in the pigment dispersion market report are Aarbor Colorants Corporation, American Element, Aralon Color Gmbh, Basf Se, Clariant Ltd., Decorative Color & Chemical, Inc., Ferro Corporation, Flint Group, Heubach Gmbh, Kama Pigments, Organic Dyes and Pigments, and Reitech Corporation.
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