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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Pigment Dispersions Market Outlook
The global pigment dispersions market size stood at USD 51.29 billion in 2023 and is projected to reach USD 80.04 billion by 2032, growing at a CAGR of 5.1% between 2024 and 2032.
The growing pigment dispersions market for pigment dispersions in the Asia Pacific, like India, China, and Australia, is expected to be driven by the growing construction industry in the region.
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Pigment Dispersions are used to create a stable suspension for liquid coatings, paints, or inks. The method of dispersion is pigment wetting, grinding phase, and pigment suspension stability. Pigment dispersion is the method in which pigment powder is broken down by mechanical shear in individual particles so that after this phase, the pigment agglomerates are broken back together to form larger structures.
Market Segmentation
The pigment dispersions market can be divided based on segments like dispersion type, pigment type, application, and end-use.
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The pigment dispersions market can be broadly categorised on the basis of its application into:
- Paints and Coatings
- Automotive Coatings
- Decorative Coatings
- Industrial Coatings
- Inks
- Plastics
- Others
The industry can be divided based on its dispersion type as water-based dispersions and solvent-based dispersions. The industry can be divided on the basis of its pigment type as organic pigments and inorganic pigments. Organic pigments can be further subdivided into azo pigments, phthalocyanine pigments, and high-performance pigments. Inorganic Pigments are also subdivided into titanium dioxide, iron oxide, and carbon black, among others. The industry can be divided on the basis of its end-use as building and construction, automotive, packaging, paper and printing, and textile, among others.
The pigment dispersions report by EMR looks into the regional markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The increasing demand in the building and construction sector for paints and coatings is driving the pigment dispersions market growth. Pigment dispersion based on water is commonly used in significant applications such as paints and coatings and inks for printing and plastics. The building and construction segment was the largest consumer of pigment dispersions in 2020, whereas, during the forecast period, the automotive sector is expected to be the fastest-growing end-use sector. Due to its low VOC, excellent gloss, elevated tinting strength, fluidity, and storage stability characteristics, water-based dispersion is the more prominent and faster-growing dispersion form. The development of the market for pigment dispersions in the Asia Pacific is driven primarily by the strong demand in the construction and manufacturing sector. The growing population and increasing end-use sectors have resulted in innovation and growth, making the Asia Pacific a major industrial hub worldwide. It is anticipated that high growth and innovation, together with sector consolidations, will lead to the fast growth of the market in the region. Pigment dispersions are also essential for the manufacturing of various cosmetics products; thus, the growth of the cosmetics industry is also expected to drive the pigment dispersions market growth. However, owing to its damaging impact on health and environment, strict restrictions on the manufacturing of pigments are a significant constraint to the pigment dispersions market growth.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global pigment dispersions market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- DIC Corporation
- Clariant AG
- BASF SE
- Chromaflo Technologies Corporation
- Cabot Corporation
- Heubach GmbH
- Penn Color, Inc.
- Pidilite Industries Ltd
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Dispersion Type |
|
| Breakup by Pigment Type |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global pigment dispersions market attained a value of nearly USD 51.29 billion.
The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 80.04 billion by 2032.
The major drivers of the market include rising urbanisation, increasing demand in the building and construction sector for paints and coatings, rising population, and growing demand from end-use sectors.
Growing innovation and sector consolidations are the key market trends propelling the growth of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Water-based dispersions has been the dominant segment in the market
Based on pigment type, the market is bifurcated into organic pigments and inorganic pigments. Organic pigments are further subdivided into azo pigments, phthalocyanine pigments, and high performance pigments, among others, while inorganic pigments are divided into titanium dioxide, iron oxide, and carbon black, among others.
The diverse applications in the market are paints and coatings, inks, and plastics, among others. Paints and coatings applications are subdivided by type into automotive coatings, decorative coatings, and industrial coatings.
The end use segments are building and construction, automotive, packaging, paper and printing, and textile, among others.
The major players in the market are DIC Corporation, Clariant AG, BASF SE, Chromaflo Technologies Corporation, Cabot Corporation, Heubach GmbH, Penn Color, Inc., and Pidilite Industries Ltd, among others.
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