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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