PUBLISHER: DataM Intelligence | PRODUCT CODE: 1118022
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1118022
Pigment Dispersions Market reached US$ XX million in 2021 and is expected to record significant growth by reaching up to US$ XX million by 2029, growing at a CAGR of 3.90% during the forecast period (2022-2029).
Pigment dispersions are fine pigment dispersions in an aqueous, solvent or universal paint system. Pigments are made of tiny, soluble pieces dispersed within components such as paint to produce the colors you see. All high-quality paints require dispersion during production to ensure that the paint retains its quality and vital colors and effectively coats the product or material. The pigment dispersion process involves the transformation of dry pigments into pigment dispersions that are stable and small enough to achieve the desired color and balance.
The market will be driven by the rising development of harmless organic pigment dispersions. However, uncertainties associated with chemical pigment dispersion's environmental and health effects restrict the market.
Rising development of harmless organic pigment dispersions
Most high-performance pigments are now made of environmentally friendly substances that pose little or no risk to human health and safety. As a result, high-performance organic pigments are increasing because they have better lightfastness, chemical resistance, weather resistance and heat stability than conventional pigments. Organic products also have excellent color fastness and insolubility. Organic pigments' superior properties make them suitable for applications such as automotive and decorative coatings that require excellent light and weather fastness.
As a result, the advancement of natural pigments for particular purposes offers significant growth for manufacturers of pigment dispersions. With the growing global concern about environmental protection and regulations, end-users prefer environmentally friendly products that are less harmful to health and further boost the respective market.
COVID-19 Impact Analysis
The pandemic COVID-19 had a negative impact on the global pigment dispersions market during its initial waves because the production of the pigment dispersions was disrupted and industrial-scale synthesis of pigment dispersions requires massive machinery, large-scale industrial reagents and skilled workers. During the pandemic, industry lockdowns and social distancing requirements severely hampered production. The global lockdown imposed by the COVID-19 pandemic hampered both the supply of raw materials necessary to manufacture pigment dispersions and the supply of finished products. As a result, the demand-supply dynamics in the pigment dispersions market were severely impacted.
Factors such as investment losses, a lack of liquidity, a labor shortage, supply chain constraints and overall global economic uncertainty weigh on the growth of the industrial and construction sectors. Many countries, including India, China and U.S., have reopened their economies and industrial activity has resumed, albeit with a limited workforce and materials. As most economies have opened, industrial output is expected to rebound. COVID-19 has also had a negative impact on pigment dispersion manufacturers' sales volume in 2020. Major market players mitigate risk by emphasizing local management and targeting untapped market opportunities.
The global pigment dispersions market is classified based on pigment type, dispersion type, application, end-user and region.
Increasing residential construction and the associated rise in demand for paints and coatings
Because of their consumption in residential and non-residential construction projects, decorative paints and coatings are the dominant segments. Pigment dispersion is mostly found on the paints & coatings employed in interiors and exteriors of various residential and non-residential structures. Due to the obvious demand for new paintings, repainting of residential constructions and the rapid growth in homeownership in emerging nations, residential construction is expected to be the major consumer of decorative coatings.
Growing population and urbanization in Asia-Pacific and associated growth in end-user verticals
The population growth and urbanization also have a significant effect on driving the market and increasing the use of pigment dispersions. Progress in industrialization, rising demand due to changing demographics and government initiatives to attract business investments for industrial development are driving the regional market for pigment dispersions. Expanding construction and manufacturing sectors in developing economies such as India, China, Indonesia and others in the region, where demand for industrial machines, automobiles, textiles and packaging materials, as well as new building construction, is also rapidly increasing for pigment dispersions.
Compared to the other regions, the Asia-Pacific region dominates the pigment dispersant market due to the rising population and consumer preferences for attractive packaging and printing. Countries in the Asia-Pacific are major hubs for the manufacturing and food and beverage industries and have a high demand for inorganic pigment dispersants, resulting in rapid growth in this market. Further, increased government investments in the region's textile, construction and infrastructure sectors necessitate more printing and coating agents, resulting in increased demand for pigment dispersants. Furthermore, rising awareness of eco-friendly pigment dispersants is attracting more regional consumers.
The global pigment dispersions market is extremely diverse and competitive due to the presence of major players such as BASF SE, DIC Corporation, Sudarshan Chemical, Chromaflo, Cabot Corporation, Heubach GmbH, Penn Colors, Pidilite, Lanxess and DyStar Corporation. The market is fragmented and pivotal market stakeholders use market tactics such as mergers, acquisitions, product launches, contributions and collaborations to gain a competitive advantage and recognition in their respective markets.,
Overview: BASF SE is a global chemical company that produces chemicals for a variety of industries. BASF SE is one of the world's largest publicly traded companies, with over 700,000 stockholders. Transportation, chemicals, construction, electronics & electric, energy & resources, furniture & wood, home care and cleaning, agriculture and other industries comprise the company's product line. More than 30 BASF SE Group companies are headquartered in Ludwigshafen. BASF SE operates 6 global locations and 241 additional industrial sites in over 90 countries.
Dispex Ultra PX 4290: Dispex Ultra PX 4290 is an innovative high molecular weight dispersing agent with excellent pigment stabilization, exceptional color strength and brilliant viscosity reduction. Higher pigment loadings are possible with Dispex Ultra PX 4290 while preserving exceptional flow characteristics. Improved gloss, anti-flooding behavior and excellent flocculation stability are also highlights. Dispex Ultra PX 4290 was created in response to growing market demand for a dispersing agent that can be used in both inorganic and organic pigments and fillers in water-based automotive OEM and refinish coatings, industrial coatings and wood coatings. Its application can be expanded to include printing inks and adhesives.
Following the satisfaction of clearance criteria, BASF completed the sale of its worldwide pigments business to the fine chemical firm DIC on June 30, 2021. The purchase cost paid in cash and without debt is €1.15 billion.
The global pigment dispersions market report would provide approximately 69 tables, 71 figures and almost 167 pages.
Dispersion Type Audience 2023
LIST NOT EXHAUSTIVE