Pigment Dispersants Market: Current Analysis and Forecast (2022-2028)

The global pigment dispersants market is expected to grow at a significant rate of around 4% during the forecast period. The pigment dispersants market is a chemical-based industry that has seen rapid growth in recent years. Pigments are advanced materials that are utilized in various industries during their daily production and manufacturing processes. The growing demand for these pigments is due to the expanding influence of the construction, food & beverage, and manufacturing sectors. Moreover, the growing demand for printing inks, plastics & composites in various application areas, which include ceramics painting and printing, plastic and coatings manufacturing, printing on textiles, and composites production. These factors are also further propelling the growth of the market during the forecast period.

BASF SE, King Industries Inc., Dow, Ethox Chemicals LLC., Solvay S.A., The Lubrizol Corporation, Elementis plc, Kao Corporation, Palsgaard, and American Element. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst pigment type, inorganic pigment category to witness robust CAGR during the forecast period"

Based on pigment type, the market is segmented into organic pigment and inorganic pigment. Amongst, the inorganic pigment category is to witness higher CAGR during the forecast period owing to the rising demand for surface treatment activities and the rising preference for improved aesthetics in numerous industries, including construction, automotive, medical, and cosmetics is expected to drive the market growth during the forecast period. Additionally, inorganic pigments offer high strength, excellent light and weather fastness, excellent resistance towards solvent and oxidizing agents, heat stability, and consistency.

"Amongst application, the decorative paints & coatings to hold a significant share in the market in 2020"

On the basis of application, the market is categorized into decorative paints & coatings, automotive paints & coatings, industrial paints & coatings, plastic, and others. Among these, decorative paints & coatings to hold a significant share of the market in 2020 owing to the rising consumption of paints & coatings in various end-use industries, including construction, automotive, medical devices, and electrical & electronics further driving the market growth. For instance, according to the National Development and Reform Commission, the Chinese government approved 26 infrastructure projects with an estimated investment of about USD 142 billion in 2019. Furthermore, the Indian government allocated USD 63 billion for the infrastructure sector in 2019-20 and has been planning to spend USD 1.4 trillion over the next five years. The development of smart cities and other schemes, like "housing for all", is expected to increase the demand for paints and coatings.

"APAC to hold a significant share in the market"

For a better understanding of the market adoption of the pigment dispersants industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the availability of raw materials and low labor costs. As a result, manufacturers from various industries set up their production facilities in the Asia Pacific region to derive increased benefits. Furthermore, the easy availability of raw materials and the less stringent laws regarding VOC emissions as compared to North America and Europe will also drive pigment dispersants market growth in the region. Furthermore, rising industrialization & residential sector in China propelling the growth of the market. For instance, in China, the housing authorities of Hong Kong launched several measures to push start the construction of low-cost housing. The officials aim to provide 301,000 public housing units in 10 years till 2030.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

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