Pigment Dispersion Market: Inorganic Product Segment Led And Accounted For Share Of The Global Revenue
Pigment Dispersion Industry Overview
The global pigment dispersion market size was valued at USD 23.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. The steady growth in the packaging industry, in terms of both food and non-food packaging and printing of labels, is expected to drive the demand for pigment dispersions during the forecast period.
Polyethylene terephthalate (PET), polypropylene (PP), and polystyrene (PS) are the most preferred polymers in the single-service food packaging segment. Factors such as the increasing use of plastic and paper & paperboard materials and the use of various colorants to make attractive packaging are expected to drive the overall pigments demand.
Organic pigments are an alternative to some of the toxic inorganic pigments. However, organic pigments are more expensive and some pigments that exhibit superior properties are limited. Manufacturers are investing in research & development activities to replace metals in the manufacture of red and yellow synthetic pigments in order to produce environment-friendly synthetic pigments.
Gather more insights about the market drivers, restrains and growth of the Global Pigment Dispersion market
Titanium dioxide is the most widely used inorganic pigment on account of its non-toxic content, chemical stability, and versatile properties for use in plastic and paper & paperboard food packaging. Zinc oxide is a synthetically produced pigment and is considered to have a lesser toxic effect on humans. Currently, titanium dioxide, iron oxide, and zinc oxide account for the maximum share of the global pigment demand for plastic and paper & paperboard food packaging applications.
Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.
- Bioresorbable Polymers Market - The global bioresorbable polymers market size was estimated at USD 1.14 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.7% during the forecast period. Technological advancements, innovations in plastics, and evolved decontamination devices are boosting the product demand, thereby augmenting the industry's growth.
- Automotive Refinish Coatings Market - The global automotive refinish coatings market size to be valued at USD 14.88 billion by 2024. The market is expected to witness significant growth in the forecast period on account of rising vehicle ownership in economies including China, India, Mexico, South Korea, and Brazil. Growing trend of aftermarket modifications and rising road collisions is anticipated to fuel the product demand.
Pigment Dispersion Market Segmentation
Grand View Research has segmented the global pigment dispersion market on the basis of product, application, and region
Pigment Dispersion Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
- Inorganic
- Calcium Carbonate
- Titanium Dioxide
- Iron Oxide
- Carbon & Vegetable Black
- Ultramarine Blue
- Chrome Green
- Organic
Pigment Dispersion Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
- Plastics
- Packaging
- Plastic Food Packaging
- Other Non-Food Packaging
- Others
- Packaging
- Inks
- Coatings
- Paper & Paper Board Coatings
- Other Coatings
- Others
- Rubber
- Silicone
- LSR
- HTV
- RTV
- EPDM
- Polyurethane
- Others
- Silicone
- Epoxy
- Adhesives
- Sealants
- Phthalate-free PVC Masterbatch
- Rubber
Pigment Dispersion Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- March 2019: BASF SE partnered with Landa Labs to introduce its second stir-in pigment eXpand! Blue (EH 6001), sold under the Colors & Effects brand. eXpand! Blue (EH 6001) is used in automotive coatings and outdoor coating applications.
- December 2018: Organic Dyes and Pigments acquired Premier Colors, Inc. to expand its business in Providence by catering to the customers of the latter. Premier Colors, Inc., located in South Carolina, U.S., is engaged in the supply of pigment dispersions and specialty chemicals to paper, textile, paints & coatings, and leather end-use industries.
Key Companies profiled:
The major companies operating in the global pigment dispersion market include
- AArbor Colorants Corporation
- American Element
- Aralon Color GmbH
- BASF SE
- Clariant Ltd.
- Decorative Color & Chemical, Inc.
- Ferro Corporation
- Flint Group
- Heubach GmbH
- Kama Pigments
- Organic Dyes and Pigments
- Reitech Corporation
- Sun Chemical
- Trust Chem Co., Ltd.
- Sudarshan Chemical Industries Limited
- Pidilite Industries Ltd.
- Aum Farbenchem
- DyStar Singapore Pte. Ltd.
- Solvay
- Altana
- Achitex Minerva S.p.A.
- Heidelberger Druckmaschinen AG
- Avient
- Habich
- Synthesia, a.s.
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