Global Pigment Dispersions Market: Overview
Pigment dispersion is a chemical that is used in printing inks, coatings and paints, and plastics. The global pigment dispersion market is expected to observe a healthy growth in following years.
Due to rapid industrialization and rising number of constructions projects across the globe is expected to drive the growth opportunities in the global pigment dispersion market. Rising investment in construction sector is projected to surge the market.
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Global Pigment Dispersions Market: Key Developments
The global pigment dispersions market has witnessed few notable developments in the recent times.
- In 2018, Clariant at FESPA, in Berlin exhibited its new variety of pigments used in toners and inks. It highlighted the advantage that the customer will get out of these new ranges of pigment dispersion for inkjets.
- In April 2019, Lubrizol received a Queen’s Award for outstanding trade performance in its Diamond Dispersion, which produces color concentrates that are used in inkjet inks. The award was for extraordinary growth in sales in the last three years.
Besides these, some of the prominent players in the global pigment dispersions market are DIC Corporation (Japan), Pidilite (India), Penn Color (US), Cabot Corporation (US), Heubach GmbH (Germany), BASF (Germany),and Clariant (Switzerland). These companies are focusing on adopting various organic and inorganic growth strategies to penetrate into the market and position themselves in the global pigment dispersions market.
Global Pigment Dispersions Market: Key Trends, Drivers, and Restraints
Packaged Food and Beverages to Propel Growth
Colors play a significant role in consumer preferences, the rising trend of colored packaging to attract the customers in food and beverages industry is likely to increase the demand for pigment dispersions. Such colored packaging and prints are used in packing of cereals, chocloates, nuts, jams and jellies that need longer shelf life. Pigment dispersions are used in plastics, paper, and paperboard materials base. Thus, nudging the expansion of the global pigment dispersion market in coming few years.
Additionally, rapid urbanization is paving way for constructions of commercial and residential complexes that needs thermal barrier coatings. Alternatively, the rising demand for automotive coatings is also anticipated to boost the growth in the global pigment dispersions market.
Growing Awareness about Organic Pigments to Provide Growth Potential
Lately, there is growing awareness about organic pigments is expected to surge in the market due to its non-toxic properties. Increasing use of colored Xeroxes and prints may also add to the factors creating demand for dispersion. Thus, the global pigment dispersions market is expected to observe lucrative growth opportunities.
Stringent laws to reduce the use of toxic colors and coatings are expected to hamper the growth of the global pigment dispersions market. Nonetheless, the increasing research and development to improve the product bases that are sustainable and cost effective are anticipated to drive the global pigment dispersions market to widen in the near future.
Global Pigment Dispersions Market: Regional Outlook
On the regional front, the global pigment dispersions market is spread over five key regions, which are North America, Asia Pacific, Latin America, Europe, and Middle East and Africa. However, the Asia Pacific is anticipated to lead the global market during the forecast period. Developing economies such as China and India are expected to lead the market in this region. The growth can be primarily due to rising construction of buildings, growing demand from end users in industrial sector are predicted to stimulate the growth in the global pigment dispersions market.