The global pigment dispersions market size is projected to reach USD 44.4 billion by 2026 from USD 37.1 billion in 2021, at a CAGR of 3.7% during the forecast period.
Browse 156 market data Tables and 36 Figures spread through 167 Pages and in-depth TOC on “Pigment Dispersions Market by Dispersion Type(Water based, Solvent based), Application, Pigment Type, End-use Industry (Building & Construction, Automotive, Packaging, Paper & Printing, Textile), and Region – Global Forecast to 2026 “
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Pigment dispersion is a process of breaking the pigment agglomerates into primary particles. The process includes three steps, namely, initial wetting, separation, and stabilization. Pigment dispersion imparts properties such as light fastness, heat stability, tinting strength, good gloss, and good chemical resistance to the pigments for their applications. The pigment dispersions applications include paints & coatings, printing inks, plastics, and others. The increase in demand for pigment dispersions in emerging economies such as APAC and South America and the booming building & construction industry in countries such as India and China are driving the pigment dispersions market. Various environmental regulations such as REACH (Europe), CLP (Europe), the Environmental Protection Act (India), and The Portuguese Law NP have been issued for proper waste treatment of the pigments.
Based on dispersion type, solvent based pigment dispersions is estimated to be the largest market in the overall pigment dispersions market in 2021.
The solvent based pigment dispersions segment is the largest and is also projected to continue this trend till 2026. The process of pigment dispersions where solvents such as xylene, butyl acetate, white spirit, and soya bean long oil alkyd are used as the dispersing medium is known as solvent-based dispersions. The solvents used during the dispersion process replace the air and moisture present between the pigment particles. Solvents have low surface tension, which makes the wetting of pigment particles easier. Solvent-based dispersions have various functional properties such as high print quality, fast-drying, and adhesion to many substrates. Solvent-based dispersions are mostly used in the printing and automotive industries.
Based on application, decorative paints & coatings is estimated to be the largest market in the overall pigment dispersions market in 2021.
The recent innovations in composition and technology have enhanced the durability, wearability, and resistance of decorative coatings to fading. With the increasing commercialization and rising consumer awareness, the demand for decorative coatings is increasing, which is driving the demand for pigment dispersions. According to an article by European Coatings, the middle-class population is growing worldwide, especially in emerging markets. This has a direct impact on the decorative paints & coatings market.
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Based on region, APAC is projected to grow the fastest in the pigment dispersions market during the forecast period.
APAC consists of major developing nations such as China and India and, therefore, the scope for development for most of the industries is high. The pigment dispersions market is growing significantly and is offering lucrative opportunities for manufacturers. The region accounted for the largest market share and is the fastest-growing market. This growth is mainly attributed to the high economic growth rate, the rise in infrastructure projects, increasing urbanization, growing standard of living, and increase in per capita paint consumption.
The key players in the pigment dispersions market include BASF SE (Germany), DIC Corporation (Japan), Sudarshan Chemical (India), Chromaflo (US), Cabot Corporation (US), Heubach GmbH (Germany), Penn Colors (US), Pidilite (India), Lanxess (Germany), and DyStar Corporation (Singapore). These players have established a strong foothold in the market by adopting strategies, such as investment & expansions, and mergers & acquisitions.
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