The global pigment dispersion market size reached US$ 24.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
Market Size in 2023
|US$ 24.7 Billion
Market Forecast in 2032
|US$ 34.6 Billion
|Market Growth Rate 2024-2032
Pigments are insoluble particles that are utilized for imparting color in paints, coatings, plastics and other materials. In pigment dispersion, pigment agglomerates are broken into primary particles by shearing forces and impact. This process involves three steps – wetting, dispersing, and stabilizing. Pigment dispersion is required for the production of quality paints and helps in maintaining the expected color standards in the paint. Dispersing agents are selected according to the pigment's surface nature, which can be both organic and inorganic. The essential properties of pigment dispersion include stability, viscosity, bright hue, and optimal pigment size. Improper dispersion can cause various defects, like flocculation, leveling, decreased gloss levels, color change, sagging, settling, and separation.
There has been a significant rise in the use of plastics in the food packaging sector, which represents one of the key factors driving the market growth. Besides this, an increase in the utilization of different colorants and the popularity of paper and paperboard to manufacture attractive packaging solutions is contributing to the market growth. Moreover, rapid urbanization has led to a rise in the number of construction projects in the commercial and residential sectors. These projects complement the inflating demand for high-quality paints and coatings, which further supports the pigment dispersions market growth. In addition to this, governments of several nations have implemented regulations to curb the usage of toxic colors and coatings. These laws have prompted manufacturers to address the growing demand for organic paints and coatings, which, in turn, is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global pigment dispersion market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on dispersion type, product and application.
Breakup by Dispersion Type:
Breakup by Product:
Breakup by Application:
- Paints and Coatings
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Altana Aktiengesellschaft, BASF SE, Cabot Corporation, Clariant AG, DIC Corporation, Ferro Corporation, Heubach GmbH (Heubach Holding Gmbh), Pidilite Industries Limited, PPG Industries Inc. and Solvay S.A.
|Base Year of the Analysis
||Dispersion Type, Product, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Akzo Nobel N.V., Altana Aktiengesellschaft, BASF SE, Cabot Corporation, Clariant AG, DIC Corporation, Ferro Corporation, Heubach GmbH (Heubach Holding Gmbh), Pidilite Industries Limited, PPG Industries Inc. and Solvay S.A
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Key Questions Answered in This Report:
- How has the global pigment dispersion market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global pigment dispersion market?
- What are the key regional markets?
- What is the breakup of the market based on the dispersion type?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global pigment dispersion market and who are the key players?
- What is the degree of competition in the industry?