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Pigment Dispersion Market size was over USD 26.01 billion in 2023 and is projected to exceed USD 44.4 billion by 2036, witnessing over 4.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of pigment dispersion is evaluated at USD 26.88 billion. The growth of the market can primarily be attributed to the growing demand for paints & coatings, backed by the increasing construction activities worldwide. The growing focus of governments on constructing smart cities, and for the increasing trade on construction services globally, are some of the additional factors anticipated to drive the market growth. According to the statistics by the World Trade Organization (WTO), the exports of construction services in the year 2018 around the world recorded to USD 104 Billion. Moreover, owing to the growing urbanization worldwide, and increasing industrialization, the focus on affordable housing has increased significantly, which in turn is also expected to contribute to the market growth in the coming years.
The market is also anticipated to grow on account of the growing application of inorganic pigment dispersion in paints & coatings, printing inks, plastics, packaging, and others. Rising demand for pigment dispersion inks in the end-user industries, owing to the numerous benefits associated with the product, is expected to create massive opportunities for market growth in the coming years.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
4.2% |
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Base Year Market Size (2023) |
USD 26.01 billion |
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Forecast Year Market Size (2036) |
USD 44.4 billion |
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Regional Scope |
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The global pigment dispersion market is segmented by dispersion type into solvent-based, and water-based. Out of these segments, the water-based segment is projected to grow with the highest CAGR of 3.94% during the forecast period. On the basis of pigment-type, the market is segmented into organic and inorganic. Out of these segments, the inorganic segment is projected to hold the highest market share during the forecast period, while the organic segment is expected to grow with the highest CAGR of 5.40% during the forecast period. On the basis of application, the market is segmented into plastics, coatings, epoxy, adhesives, sealants, phthalate-free PVC masterbatch, and others. Out of these segments, 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. Further, the market is segmented by end-use industry into plastics & packaging, building & construction, paper & printing, textiles, electronics, automotive, and others. Out of these, the building & construction segment is anticipated to attain the largest market revenue of USD 23239.5 Million by the end of 2030.
Our in-depth analysis of the global market includes the following segments:
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Dispersion Type |
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Type |
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Application |
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End-User |
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Regionally, the global pigment dispersion market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is poised to hold highest industry share of 58% by 2036, attributed to growing demand for packaging materials in end-user industries. For instance, according to the statistics by the Indian Institute of Packaging (IIP), the consumption of packaging in India has increased by over 200% in the past decade, growing to 8.6kgs per person per annum (pppa) from 4.3 kgs pppa. On the other hand, according to the statistics by the Indian Brand Equity Foundation (IBEF), the packaging industry in India is expected to touch USD 204.81 Billion by 2025, up from USD 50.5 Billion in 2019. The market in the Asia Pacific is segmented on the basis of country into China, India, Japan, South Korea, Singapore, Vietnam, Australia, and the Rest of Asia Pacific. Out of the market in these countries, the market in China is expected to hold the largest market revenue of USD 11101.6 Million by the end of 2030, whereas the market in India is projected to grow with the highest CAGR of 6.85% during the forecast period.
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global pigment dispersion market that are included in our report are
June 30, 2021: DIC Corporation announced that it had acquired the global pigments business of BASF SE. With the acquisition of the business unit, known as BASF Colors & Effects (BCE), DIC Corporation plans to enhance its sales to close to 9 Billion by the end of 2025.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
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