New York, United States, July 12, 2022 (GLOBE NEWSWIRE) -- Pigment dispersion is the process of integrating a dry powder material (or pigment) and a liquid. All of the constituent molecules and particles of the dry powder get dissociated from one another and are evenly dispersed and blended in the fluid medium. Repairing and maintaining paints and coatings, increased public development operations, rising industrialization, and the expanding automobile, construction, and packaging industries have contributed remarkably to worldwide pigments demand.
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Increasing Utilization of Paperboard and Plastic Substances for Food Packaging to Drive the Global Pigment Dispersion Market
Paperboard and plastic materials are frequently favored in food packaging due to their low cost, the convenience of packing, and preservation capabilities. Polyethylene is the frequently used plastic material for food packaging because of its low pricing and flexibility in manufacture. Paper and plastic materials account for more than half of all packaging on the planet. The food and beverage business was the second-largest user of plastic in 2015. Paper and plastic have various advantages, including renewability and sustainability, and are frequently used in the food packaging sector.
Growing Interest in Organic Pigments to Provide Opportunities for the Global Pigment Dispersion Market
Most high-performance pigments are now manufactured of environmentally acceptable ingredients that pose little or no hazard to public health and wellbeing. As a result, the usage of high-performance organic pigments is expanding because they outperform traditional dyes in terms of lightfastness, chemical inertness, weather resistance, and heat resistance. They also have excellent colorfastness and insolubility. Because of these enhanced qualities, organic pigments are appropriate for industries such as automobile and decorative coatings that necessitate exceptional light and weather processability.
The production of organic dyes for specialized applications presents enormous growth potential for makers of pigment dispersions. Because of the growing global awareness about environmental protection and the restrictions set by various government organizations throughout the world, end customers prefer items that have environmentally friendly features and are less detrimental to health.
Impact of COVID-19
COVID-19, also known as the Coronavirus pandemic, has struck disturbance in the world like no other pandemic in over a century. Furthermore, estimates of its worldwide economic impact are astounding, with many analysts equating it to the Great Depression of 1929. The United Nations Conference on Trade and Development (UNCTAD) went even further, estimating the damage at USD 1 trillion.
Lockdowns in various industries worldwide have placed manufacturing activity to a standstill in most enterprises, resulting in a considerable decline in product sales. As a result, the major outbreak of COVID-19 in nations such as Italy, France, Germany, and Spain is expected to deter demand for the commodity in the building and construction and other end-use sectors in the near future. Furthermore, rising raw material prices and stringent European Union regulations are projected to stifle industry expansion in the future years.
Report Scope
| Report Metric | Details |
| Market Size | USD 33 Billion by 2030 |
| CAGR | 4% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product, By Application, By Region |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | BASF SE, Clariant International Ltd, Cabot Corp., DIC Corp., CPS Color AG, E.I., Du Pont De Nemours & Co., ECKART GmbH, Heubach GmbH, Huntsman Corporation, Flint Group, Kronos Worldwide Inc., Rockwood Holdings Inc., LANXESS AG, CRISTAL, Zhejiang Longsheng Group Co. Ltd, Sudarshan Chemicals, The Shepherd Color Company, Tronox Ltd., |
| Key Market Opportunities | Growing Interest in Organic Pigments |
| Key Market Drivers | Improved Consumer Preference for Brightly Packaged Food Products Increasing Utilization of Paperboard and Plastic Substances for Food Packaging |
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Market Recovery
The distribution network was severely harmed due to the halt of production capacity triggered by lockdowns enacted in the mass of nations around the globe. Furthermore, regional and international travel bans, quarantine procedures, and confinement hindered the distribution of parts produced that were already on their route. Major players, in particular, are involved in adopting initiatives such as strategic partnerships, mergers & acquisitions, and joint ventures to vertically merge through the value chain.
Regional Insights
In terms of the region, the pigment dispersion market is segmented into the Asia-Pacific, North America, Europe, Central and South America, and Middle East and Africa. Asia-Pacific and North America are dominating the global pigment dispersion market. In 2021, Asia-Pacific held the largest market share, accounting for more than 37 percent of worldwide turnover. Asia Pacific is the dominant region, valued at USD 8,750 Million in 2021, and is expected to reach a USD of 13,400 Million by 2030 at a CAGR of 5%. Over the projected period, the coatings industry segment is estimated to hold the most significant share in South Korea. Furthermore, economic indicators in South Korea, including declining unemployment rates and increased discretionary income, are expected to propel the market for pigment dispersions in the packaging industry for various end-use industries, including food and beverage and consumer items.
In terms of volume and revenue, the United States contributed the most to the regional pigment dispersion market in North America, accounting for 80 percent and 82 percent, respectively, in 2020. The United States has the greatest market share owing to the influence of multiple end-use industries combined with strong consumer purchasing power. The growing number of quick-service restaurants (QSRs) that employ pigment dispersion in food packaging and printing ink applications is driving up demand for pigment dispersion in the United States.
Key Highlights
- The global pigment dispersion market was valued at USD 23 Billion in 2021 and is expected to reach a value USD 33 Billion at a CAGR of 4% by 2030.
- Based on product type, the pigment dispersion market is segmented into organic and inorganic. The inorganic pigment dispersion dominated the market and was valued at USD 13,276 Million in 2021. It is expected to reach USD 19,342 Million by 2030 at a CAGR of 4%.
- Based on application, the coating pigment dispersion market dominated the market and valued at USD 8,982 Million in 2021. It is expected to reach a USD 12,840 Million at a CAGR of 4% by 2030.
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List of Top Pigment Dispersion Market Manufacturers
- BASF SE
- Clariant International Ltd
- Cabot Corp.
- DIC Corp.
- CPS Color AG
- E.I.
- Du Pont De Nemours & Co.
- ECKART GmbH
- Heubach GmbH
- Huntsman Corporation
- Flint Group
- Kronos Worldwide Inc.
- Rockwood Holdings Inc.
- LANXESS AG
- CRISTAL
- Zhejiang Longsheng Group Co. Ltd
- Sudarshan Chemicals
- The Shepherd Color Company
- Tronox Ltd.
Global Pigment Dispersion Market: Segmentation
By Product
- Inorganic Pigment
- Organic Pigment
By Application
- Plastics
- Inks
- Coatings
- Others
By Region
- North America
- Europe
- Asia-Pacific
- Central and South America
- Middle East & Africa
TABLE OF CONTENT
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Research Methodology
2.1 Primary Research
2.2 Research Methodology
2.3 Assumptions & Exclusions
2.4 Secondary Data Sources
3 Market Overview
3.1 Report Segmentation & Scope
3.2 Value Chain Analysis: Global Pigment Dispersion Market
3.2.1 Vendor Matrix
3.3 Key Market Trends
3.3.1 Drivers
3.3.2 Restraints
3.3.3 Opportunities
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of Substitution
3.4.4 Threat of New Entrants
3.4.5 Competitive Rivalry
3.5 Regulatory Landscape
3.6 Technological Landscape
3.7 Market Share Analysis
4 Type Overview
4.1 Introduction
4.1.1 Market Size & Forecast (Value & Volume)
4.2 Organic
4.2.1 Market Size & Forecast (Value & Volume)
4.3 Inorganic
4.3.1 Market Size & Forecast (Value & Volume)
5 End UseOverview
5.1 Introduction
5.1.1 Market Size & Forecast (Value & Volume)
5.2 Construction
5.2.1 Market Size & Forecast (Value & Volume)
5.3 Automobile
5.3.1 Market Size & Forecast (Value & Volume)
5.4 Aerospace
5.4.1 Market Size & Forecast (Value & Volume)
5.5 Furniture
5.5.1 Market Size & Forecast (Value & Volume)
5.6 Printing
5.6.1 Market Size & Forecast (Value & Volume)
5.7 Others
5.7.1 Market Size & Forecast (Value & Volume)
6 Regional Overview
6.1 Introduction
6.1.1 Market Size & Forecast (Value & Volume)
6.2 America
6.2.1 North America
6.2.1.1 U.S.
6.2.1.1.1 By Type
6.2.1.1.2 By End Use
6.2.1.2 Canada
6.2.1.2.1 By Type
6.2.1.2.2 By End Use
6.2.1.3 Mexico
6.2.1.3.1 By Type
6.2.1.3.2 By End Use
6.3 Latin America
6.3.1 Market Size & Forecast (Value & Volume)
6.3.1.1 By Type
6.3.1.2 By End Use
6.4 Europe
6.4.1 Market Size & Forecast (Value & Volume)
6.4.2 Germany
6.4.2.1 By Type
6.4.2.2 By End Use
6.4.3 France
6.4.3.1 By Type
6.4.3.2 By End Use
6.4. 4 U.K.
6.4.4.1 By Type
6.4.4.2 By End Use
6.4.5 Italy
6.4.5.1 By Type
6.4.5.2 By End Use
6.4.6 Rest of Europe
6.4.6.1 By Type
6.4.6.2 By End Use
6.5 Asia-Pacific
6.5.1 Market Size & Forecast (Value & Volume)
6.5.2 Japan
6.5.2.1 By Type
6.5.2.2 By End Use
6.5.3 China
6.5.3.1 By Type
6.5.3.2 By End Use
6.5.4 Australia
6.5.4.1 By Type
6.5.4.2 By End Use
6.5.5 India
6.5.5.1 By Type
6.5.5.2 By End Use
6.5.6 South Korea
6.5.6.1 By Type
6.5.6.2 By End Use
6.5.7 Rest of Asia-Pacific
6.5.7.1 By Type
6.5.7.2 By End Use
6.6 Middle East & Africa
6.6.1 Market Size & Forecast (Value & Volume)
6.6.2 Saudi Arabia
6.6.2.1 By Type
6.6.2.2 By End Use
6.6.3 South Africa
6.6.3.1 By Type
6.6.3.2 By End Use
6.6.4 Kuwait
6.6.4.1 By Type
6.6.4.2 By End Use
6.6.5 Rest of Middle East & Africa
6.6.5.1 By Type
6.6.5.2 By End Use
7 Company Profile
7.1 BASF SE
7.1.1 Company Overview
7.1.2 Financial Performance
7.1.3 Recent Developments
7.1.4 Product Portfolio
7.2 PPG Industries.
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Recent Developments
8.2.4 Product Portfolio
7.3 The Sherwin-Williams Company
7.3.1 Company Overview
7.3.2 Financial Performance
7.3.3 Recent Developments
7.3.4 Product Portfolio
7.4 Akzo Nobel N.V
7.4.1 Company Overview
7.4.2 Financial Performance
7.4.3 Recent Developments
7.4.4 Product Portfolio
7.5 Clariant
7.5.1 Company Overview
7.5.2 Financial Performance
7.5.3 Recent Developments
7.5.4 Product Portfolio
7.6 RPM International Inc
7.6.1 Company Overview
7.6.2 Financial Performance
7.6.3 Recent Developments
7.6.4 Product Portfolio
7.7 Tikkurila Oyj
7.7.1 Company Overview
7.7.2 Financial Performance
7.7.3 Recent Developments
7.7.5 Product Portfolio
7.8 KANSAI PAINT CO
7.8.1 Company Overview
7.8.2 Financial Performance
7.8.3 Recent Developments
7.8.4 Product Portfolio
Table of Content and Figure @ https://straitsresearch.com/report/pigment-dispersion-market/toc
Market News
- In October 2020, Flint Group announced the acquisition of Poteet Printing Systems LLC. This acquisition will assist the company's paper and board business growth across the North American region.
- In June 2021, Heubach GmbH partnered with SK Capital Partners and announced that it acquired Clariant's Pigments Business. This combined business will work under the Heubach that will manufacture pigments that generate over Euro 900 Million.
News Media
North America is expected to Witness a Major Market Share in Pigment Dispersion Market
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