The report “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” 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.
The market is primarily driven by rising demand for pigment dispersions from high-value end-use sectors such as automotive and packaging, as well as increased urbanization in emerging nations. The growing need for paints, coatings, and construction materials in developing nations is also propelling the pigment dispersions market.
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• 156 Market data Tables
• 36 Figures
• 167 Pages and in-depth TOC on “Pigment Dispersions Market – Global Forecast to 2026″
Some of the prominent key players are:
· BASF SE (Germany)
· DIC Corporation (Japan)
· Sudarshan Chemical (India)
· Chromaflo (US)
· Cabot Corporation (US)
· Heubach GmbH (Germany)
· Penn Colors (US)
Opportunity: Increasing demand for organic pigments
Most high-performance pigments are now manufactured from environmentally acceptable ingredients that pose little or no risk to human health and safety. As a result, high-performance organic pigments are becoming more popular since they outperform traditional pigments in terms of lightfastness, chemical resistance, weather resistance, and thermal stability. They also have excellent color fastness and insolubility. These enhanced qualities make organic pigments useful for applications requiring great light and weather resistance, such as automotive and ornamental coatings.
The development of organic pigments for specialized applications creates enormous potential opportunities for pigment dispersions makers. Because of the growing global concern for environmental protection and laws imposed by various government organizations throughout the world, end customers prefer items with environmentally friendly features and are less detrimental to their health.
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 this trend is expected to continue through 2026. Solvent-based pigment dispersions have several uses and advantageous features. The low surface tension of these pigment dispersions, which facilitates pigment particle wetting, is a fundamental growth driver for their high consumption. Solvent-based dispersions provide a variety of functional features, including excellent print quality, fast drying, and adherence to a wide range of substrates. Solvent-based dispersions are most commonly employed in the printing and automotive industries.