The Pigment Dispersions Market Size was valued at USD 37 billion in 2022, and is expected to reach USD 50.64 billion by 2030, and grow at a CAGR of 4.0% over the forecast period 2023-2030.
Pigment dispersion is when solid particles that don't dissolve in water or an organic solvent are mixed together. Pigment Dispersion particles have a big impact on how lacquers, paints, and printing inks turn out in the end. The main jobs of these dispersions are to protect against chemical attacks, fading, weather, and high temperatures. The main places where it is used are in the car, chemical, and building industries.
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According to our analysis, some of the most important market factors and trends in the Global Pigment Dispersion Market are the rapid increase in construction activities, the rising demand for protective paints in the automotive industry, and UV protection paints for aircrafts. A lot of people are buying more wood finish paints, which is expected to drive up the demand for pigment dispersion over the assessment period. Over the next ten years, the Global Construction Market is expected to grow faster than the world's GDP, as Asian economies continue to industrialise and the U.S. gets back on its feet after the global financial crisis. The growth of the market is also expected to be fueled by mergers and acquisitions between automakers and suppliers, as well as by more cars being made and sold. During the assessment period, from 2020 to 2030, the growth of the market is expected to be driven by rapid urbanisation and rising disposable income in emerging economies. But strict rules put in place by different government agencies have limited the use of toxic organic chemicals used to make pigment dispersion. This is likely to slow the growth of the market.
Drivers:
The packaging business is getting bigger.
Paint and coating sales are on the rise.
Changes in how people want coloured packaging
Restraints:
High prices and poor ability to spread
Opportunity:
Research and development activities are getting more money.
Green technology is becoming more popular, and environmental laws are getting stricter.
Challenge:
There are strict rules about how pigments can be made.
COVID-19 has put the industrial and manufacturing sectors around the world into a new way of working that nobody knows about. Government rules about how many people can be in one place at once have had a big effect on the sectors. For example, the virus had a big effect on the construction business. During the lockdown, factories and production lines in the auto, electronics, and aerospace industries were temporarily shut down. China is the main source of raw materials for most industries. Because of this, disruptions in the supply chain have also had a big effect on industrial output. Because of the pandemic, the world economy had shrunk. As long as the pandemic lasts, COVID-19 will keep having an effect on all industries. Losses in investments, a lack of cash, a lack of workers, problems in the supply chain, and the general uncertainty of the global economy all slow down the growth of both the industrial and construction sectors. Many countries, like India, China, and the US, have opened their economies, and manufacturing has started up again, but there aren't as many workers or materials as before. As most of the economies have opened, industrial output is likely to go up again. COVID-19 has also hurt the sales volume of pigment dispersions in 2020 for the companies that make them. Major market players are reducing the risk by putting more emphasis on local management and looking for untapped market opportunities.
By Dispersion Type
Water-based dispersions
Solvent-based dispersions
By Application
Automotive paints & coatings
Decorative paints & coatings
Industrial paints & coatings
Inks
Plastics
Others
By End-Use Industry
Building & construction
Automotive
Packaging
Paper & printing
Textile
Others
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Asia-Pacific, Europe, Latin America, North America, and the Middle East and Africa are the five regions that make up the Global Pigment Dispersion Market. From 2019 to 2023, the aerospace and defence sector in North America is expected to grow the most, which will make it the fastest-growing region. Many countries in the Middle East and Africa, such as Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait, will need more pigment dispersion because tourism and travel are growing. There are also a lot of oil and gas reserves in this area, which is expected to help the market grow because pigment dispersion is used to protect industrial machinery.
The North American Pigment Dispersion Market is expected to grow a lot because there is a lot of demand, production capacities are growing, and the rate of economic growth is going up. The U.S. is expected to be a big part of the growth of the Pigment Dispersion Market in North America, and Pigment Dispersion is expected to be in high demand from 2019 to 2023, which is the forecast period. As of 2022, the U.S. had the biggest share of the market, followed by Canada in terms of both value and volume. The U.S. is expected to grow at a moderate CAGR because more pigment dispersion-based paints and coatings are being used in the furniture industry. In Europe, the demand for pigment dispersion is expected to grow in countries like Italy, Germany, Spain, the United Kingdom, France, and Russia. This is because more money is being spent on innovation and people have more money to spend. Pigment Dispersion is also expected to grow a lot in Latin American countries like Argentina, Colombia, and Brazil. This is because consumers are spending more on passenger cars and new technologies and inventions are being used in Pigment Dispersion.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Akzo Nobel N.V., BASF SE, Kelly-Moore Paints, The Sherwin-Williams Company, KANSAI PAINT CO.,LTD, Dunn-Edwards Corporation, Clariant, PPG Industries, Inc., Tikkurila Oyj, RPM International Inc., and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 37 Billion |
| Market Size by 2030 | US$ 50.64 Billion |
| CAGR | CAGR of 4.0% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Dispersion Type (Water-based dispersions, Solvent-based dispersions) • By Application (Automotive paints & coatings, Decorative paints & coatings, Industrial paints & coatings, Inks, Plastics, Others) • By End-Use Industry (Building & construction, Automotive, Packaging, Paper & printing, Textile, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Akzo Nobel N.V., BASF SE, Kelly-Moore Paints, The Sherwin-Williams Company, KANSAI PAINT CO.,LTD, Dunn-Edwards Corporation, Clariant, PPG Industries, Inc., Tikkurila Oyj, RPM International Inc., and other players. |
| DRIVERS | • The packaging business is getting bigger. • Paint and coating sales are on the rise. • Changes in how people want coloured packaging |
| Restraints | • High prices and poor ability to spread |
Ans: Key stakeholders considered in the study:
Raw material vendors
distributors/traders/wholesalers/suppliers
regulatory authorities, including government agencies and NGO
commercial research & development (r&d) institutions
importers and exporters
government organizations, research organizations, and consulting firms
trade/industrial associations
end-use industries are the stake holder of this report
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Akzo Nobel N.V., BASF SE, Kelly-Moore Paints, The Sherwin-Williams Company, KANSAI PAINT CO.,LTD, Dunn-Edwards Corporation, Clariant, PPG Industries, Inc., Tikkurila Oyj, RPM International Inc., and other players are the major key players of Pigment Dispersions Market.
Ans: High prices and poor ability to spread are the restraints for Pigment Dispersions Market.
Ans: Pigment Dispersions Market Size was valued at USD 38.58 billion in 2021, and expected to reach USD 50.77 billion by 2028, and grow at a CAGR of 4.0 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Pigment Dispersions Market Segment, By Dispersion Type
8.1 Water-based dispersions
8.2 Solvent-based dispersions
9.Pigment Dispersions Market Segment, By Application
9.1 Automotive paints & coatings
9.2 Decorative paints & coatings
9.3 Industrial paints & coatings
9.4 Inks
9.5 Plastics
9.6 Others
10.Pigment Dispersions Market Segment, By End-Use Industry
10.1 Building & construction
10.2 Automotive
10.3 Packaging
10.4 Paper & printing
10.5 Textile
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 Akzo Nobel N.V. (the Netherlands),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 BASF SE (Germany),
12.3 Kelly-Moore Paints (U.S.),
12.4 The Sherwin-Williams Company (U.S.),
12.5 KANSAI PAINT CO.,LTD (Japan),
12.6 Dunn-Edwards Corporation (U.S.)
12.7 Clariant (Switzerland),
12.8 PPG Industries, Inc. (U.S.),
12.9 Tikkurila Oyj (Finland),
12.10 RPM International Inc. (U.S.),
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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