The Pigment Dispersions Market
size is estimated at USD 42.2 billion in 2019 and is projected to reach USD 54.3
billion by 2024, at a CAGR of 5.2%.
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The major
restraints of the pigment dispersions market are volatility in raw material
prices and various environmental regulations such as REACH (Europe), CLP
(Europe), the Environmental Protection Act (India), and The Portuguese Law NP.
These regulations mandate proper waste treatment of the pigments.
Innovation and technology advancements in
pigment dispersions have led to various improvements in terms of good gloss, increases strength, and
stabilized viscosity of the pigment. Recently, UV
curable pigment dispersions have been developed. UV curable pigment dispersions
are dispersions of ultrafine pigments with benzene free, low VOC monomers with
nano scale or sub-micron particle size.
These ultrafine UV pigment dispersions have
good transparency and high gloss. They are applicable in UV digital inks, 3D
printing inks, packaging printing, glass and metal printing, and UV coatings.
On the basis of application, the pigment dispersions market is segmented into paints & coatings, printing inks, plastics,
and others (laminates, rubber, and glass). Paints & coatings application
has the largest share in the overall market. The market in this application is
driven by the huge investment in the building & construction industry in
the emerging economies.
APAC is projected to be the fastest-growing
pigment dispersions market. This high
growth is mainly driven by the high
demand from the building & construction industry in developing countries.
The demand for pigment dispersions is high
in developing economies such as China and India. APAC is emerging as the
fastest-growing market with economic development in countries such as India,
China, South Korea, Japan, and Indonesia.
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Recent infrastructure developments and
industrialization activities in the emerging countries have opened new avenues
and opportunities for pigment dispersions manufacturers. The growth in
infrastructure development projects has stimulated the demand for paints &
coatings.
Reference:
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