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 growth of the building &
construction industries in developing countries such as India and China and increasing
investments in infrastructural development projects are expected to drive the
demand for pigment dispersions during the forecast period.
The
key players in the pigment dispersions market include Clariant (Switzerland), BASF
(Germany), DIC Corporation (Japan), Sudarshan Chemical (India), Chromaflo (US),
Cabot Corporation (US), Heubach GmbH (Germany), Penn Color (US), Pidilite
(India), and Sherwin-Williams (US).
The pigment
dispersions market report analyzes the key growth strategies, such as expansion,
new product launch, partnership and acquisition, adopted by the leading market
players between 2014 and 2019.
Clariant AG (Switzerland) is among the key players in the pigment dispersions market. The
company has adopted the strategy of partnership to strengthen its
competitiveness in the global pigment dispersions market. For instance, in July
2018, Clariant came to an agreement with Lintech International LLC (Georgia)
for partnership. This partnership made Lintech International the sole
distributor of Clariant’s pigments in North America for coating, printing, and
plastic pigments and pigment dispersions. This partnership has strengthened the
presence of the company in the US market.
BASF (Germany) is one of the leading
manufacturers of pigment dispersions. The company adopted new product launches as one of its key business
strategies. In October 2016, the company launched a new pigment, Paliotol
Yellow K 1750, which is halogen-free and can be used for sensitive applications
such as food contact materials and toys. This has expanded the product
portfolio of the company’s dispersions & pigments division. This
development helped the growth of the company in the pigment dispersions market.
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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.
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