Pigment Dispersion Market Size

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.