Research Nester published a report titled “Pigment Dispersion Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global pigment dispersion market in terms of market segmentation by dispersion type, pigment type, application, end-use industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global pigment dispersion market is anticipated to grow with a CAGR of 3.93% during the forecast period, i.e., 2021-2030. The market is segmented by application into plastics, coatings, epoxy, adhesives, sealants, phthalate-free PVC masterbatch, and others, out of which, the coatings segment is projected to garner the largest market revenue of USD 31610 Million by the end of 2030, up from USD 20318.9 Million in 2020.
The global pigment dispersion market is projected to touch a revenue of USD 58530.6 Million by the end of 2030, up from a revenue of USD 39952.7 Million in the year 2020. Rising demand for paints & coatings from different end-user industries is one of the major factors projected to drive the market growth. Additionally, increasing advancements in the research and development of advanced chemicals, and the numerous benefits associated with the use of pigment dispersion inks, such as low printing cost, are also anticipated to contribute to the market growth. The market is segmented on the basis of region into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in the Asia Pacific is projected to touch USD 23515.3 Million by the end of 2030, up from a revenue of USD 15291.6 Million in the year 2020.
Growing Demand for Paints & Coatings in End-User Industries
The World Trade Organization (WTO), in one of its statistics, stated that globally, in the year 2018, the exports of construction services recorded to USD 104 Billion.
Globally, the demand for construction services is expanding at a noteworthy pace, backed by the increasing need for affordable homes, and the growing focus of governments on building smart cities. Amidst these, there is an increase in demand for paints & coatings in the building & construction industry, as these paints are used widely in painting the buildings. On the other hand, with the growing e-commerce industry, the demand for flexible packaging has grown significantly. Printing inks are used widely in these flexible packaging, which in turn is anticipated to drive the demand for pigment dispersion inks. Such factors are projected to drive the market growth in the coming years.
However, the stringent environmental regulations is expected to operate as key restraint to the growth of global pigment dispersion market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global pigment dispersion market which includes company profiling of BASF SE, Clariant AG, Cabot Corporation, Penn Color Inc., DIC Corporation, Pidilite Industries Ltd., Heubach GmbH, NAGASE & CO., LTD., The Lubrizol Corporation, Vivify Companies, Ferro Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global pigment dispersion market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.