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Global Pigment Dispersion IndustryMarket Overview
According to a report, the global pigment dispersion market is likely to grow at an increasing speed. Basically Pigment dispersion is a chemical which is used in printing inks, coatings and paints, and plastics and this market is anticipated to witness healthy growth in coming years.
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Multiple factors are expected to influence the market growth; the market growth is anticipated to be majorly driven by the increasing demand for paints & coatings in the building & construction industry. The water-based pigment dispersion is widely used in major applications including paints & coatings, printing inks, and plastics. Companies are working on creating improved product bases that are sustainable and cost effective which will further drive the global pigment dispersion market to widen in the near future.
The demand for inorganic pigment is considerably which is due to easy availability and low operating prices. Also growing building & construction industry in countries such as India and China are driving the global pigment dispersion market. However, strict regulations on the production of pigments due to its harmful effects on health and on the environment are likely to restraint the market growth of pigment dispersion market.
Market Segmentation
The global market for Pigment Dispersion Market has been segregated into type and application. Based on the pigment type, the market has been segmented into Organic and Inorganic. By Dispersion Type, the market has been segmented into Water-Based and Solvent-Based. Based on the application, the market has been segmented into Automotive, Furniture, Construction, Printing and others.
Detailed Regional Analysis
The regional analysis will throw better light on the market progression over key regions. The global market of the pigment dispersion has been analysed across the United States, Europe, India, Japan, China, and Southeast Asia. APAC region is likely to register significant growth in the global pigment dispersion market during the forecast period, developing countries’ like China and India will grow at the fastest phase. The growth is mainly driven by increasing construction activities and increased number of end-use industries has resulted in innovation and development thus making APAC region an emerging industrial hub. The North American market is also propelled to grow during the anticipated period. Growing trend of coloured packaging in order to attract more number of customers in food and beverages industry is likely to fuel the demand for pigment dispersion in the region.
Competitive Landscape
The growing competition among the key players is likely to work in favour of the global pigment dispersion market. The key players operating in the market are adopting both organic and inorganic growth strategies in order to enhance their national and international presence and might enter into new kind of partnerships with regional players in the coming years.
Industry
March 2019
BASF recently launched a new cosmic blue stir-in pigment in partnership with Landa labs (Israel) in order to reduce the time and overall cost of production as well.
April 2019
Lubrizol recently received a Queen’s Award for showcasing amazing trade performance in its Diamond Dispersion, which produces color concentrates used in inkjet inks.
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