The pigment dispersion market is likely to grow at a healthy CAGR of 3.12% between 2022- 2028, as per the new report by Market Research Future (MRFR). Pigment dispersion, simply put, is a chemical which is used in plastics, coatings, and paints, and printing inks. It has wide applications in printing, furniture, aerospace, automobile, construction, and others.
Various factors are adding to the global Pigment Dispersion Industry growth. Such factors, according to the new MRFR report, include booming automotive sector, shifting focus of manufacturers towards paints that are resistant to leaves, bird droppings, detergent washes, and acid for vehicles, and increasing use in the construction sector, increasing per capita disposable income in emerging and developed economies, increasing urbanization, growing demand for UV protection coatings for aircraft carriers, increasing refineries, and burgeoning demand for coatings that are resistant to lubricants, detergents, alkali, and acid in chemical plants.
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On the contrary, the implementation of stringent regulations and increasing environmental concern about the toxic effects of chemicals used may limit the global pigment dispersion market growth over the forecast period.
Covid-19 Analysis on Pigment Dispersion Market/Covid-19 ABC Market Analysis
The COVID-19 pandemic has impacted several industries negatively, including the pigment dispersion market. Pigment dispersion makers stare at the lost summer with the lockdown & social distancing to contain the virus hurts demand, thus offsetting the perk of affordable crude-linked raw materials. But there is some ray of home as the pigment dispersion market is showing pragmatism and solidarity during the times of need. Several manufacturers and raw material suppliers are supporting measurements actively to fight the outbreak.
Leading players profiled in the global pigment dispersion market report include Dunn-Edwards Corporation (U.S.), Kelly-Moore Paints (U.S.), Tikkurila Oyj (Finland), RPM International Inc. (U.S.), Clariant (Switzerland), Akzo Nobel N.V. (the Netherlands), The Sherwin-Williams Company (U.S.), PPG Industries, Inc. (U.S.), and BASF SE (Germany).
The MRFR report offers an inclusive segmental analysis of the report based on the type and end use industry.
By type, the global pigment dispersion market is segmented into the solvent, water, and others.
By end use industry, the global pigment dispersion market is segmented into printing, furniture, aerospace, automobile, construction, and others.
Based on the region, the global Pigment Dispersion Industry Insights report covers the recent trends & growth opportunities across North America, Europe, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, North America will have the lions share in the market over the forecast period for the booming defense and aerospace sector, presence of several oil and gas reserves in the region, use of pigment dispersion to protect industrial machinery, and booming tourism and travel sector in Kuwait, Iran, Saudi Arabia, the UAE, and Iraq.
The global pigment dispersion market in North America is predicted to have healthy growth over the forecast period for increasing economic growth rate, rising production capacities, and high consumption potential. The US is a major contributor in the region, followed by Canada.
The global pigment dispersion market in Europe is predicted to have healthy growth over the forecast period for consumers growing purchasing power and rising expenditure in innovation in Russia, France, the UK, Spain, Germany, and Italy.
The global pigment dispersion market in the APAC region is predicted to have moderate growth over the forecast period for growing petroleum refineries in China and India and developing crude oil processing. The booming automotive sector is also adding market growth.
The global pigment dispersion market in Latin America is predicted to have steady growth over the forecast period for the involvement of the latest inventions and new technologies and increasing spending by consumers on passenger cars. Brazil, Colombia, and Argentina are the major contributors in the region.
The global pigment dispersion market in the MEA is predicted to have steady growth over the forecast period.
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