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Paints & Coatings and Printing Inks are the Major Applications of Phthalocyanine Pigments


The growing demand for paints & coatings in the building & construction industry is driving the pigment dispersion market . Water-based pigment dispersion is widely used in major applications such as paints & coatings, printing inks, and plastics.
Browse 84 market data Tables and 40 Figures spread through 142 Pages and in-depth TOC on "Pigment Dispersions Market”.
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On the basis of application, the paints & coatings segment is projected to lead the overall pigment dispersions market during the forecast period.
The paints & coatings application is projected to lead the overall pigment dispersions market. Decorative coating is the largest and fastest-growing consumer of pigment dispersions in the paints & coatings application segment. The demand for decorative coatings is estimated to increase in the near future, owing to the increasing demand for paints & coatings in residential, commercial, and industrial construction. Pigment dispersions have low viscosity, quick drying, good weather fastness, good lightfastness, low migration, and solvent & bleeding fastness properties.

Water-based pigment dispersion is projected to register higher CAGR during the forecast period.

On the basis of dispersion type, the pigment dispersions market has been segmented into water-based dispersions and solvent-based dispersions. Water-based dispersion is the larger and the faster-growing dispersion type owing to its low VOC, good gloss, and high tinting strength, fluidity, and storage stability properties.
On the basis of region, APAC is estimated to lead the pigment dispersions market in 2019.
APAC is estimated to be the largest pigment dispersions market owing to the high consumption in paints & coatings applications. Growing population, increasing disposable incomes, urbanization, and changing lifestyles are driving the pigment dispersions market. China, India, Japan, Indonesia, and South Korea are some of the key pigment dispersions markets in the region. Recent infrastructure developments and industrialization activities in the emerging countries have opened new avenues and opportunities for pigment dispersions manufacturers.
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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). These players have established a strong foothold in the market by adopting strategies such as expansion, new product launch, partnership, and acquisition.

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