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Pigment Dispersions Market to Register Substantial Expansion by 2026

 The global pigment dispersions market size is projected to reach USD 44.4 billion by 2026 from USD 37.1 billion in 2021, at a CAGR of 3.7% during the forecast period. The pigment dispersions market is projected to register positive growth during the forecast period, mainly due to the developing building & construction, automotive, packaging, and textile industries. Increasing demand for paints & coatings and construction materials in emerging economies is also driving the pigment dispersions market. Moreover, the growing demand for organic pigments in paints & coatings and printing inks applications is positively influencing the market.

Growth in construction sector and increase in paints & coatings application in the emerging economies, such as APAC, Middle East & Africa, and South America, are also driving the market. The key players in the pigment dispersions market include BASF SE (Germany), DIC Corporation (Japan), Sudarshan Chemical (India), Chromaflo (US), Cabot Corporation (US), Heubach GmbH (Germany), Penn Colors (US), Pidilite (India), Lanxess (Germany), and DyStar Corporation (Singapore). The pigment dispersions market report analyzes the key growth strategies, such as investment & expansion, and mergers & acquisitions adopted by the leading market players between 2017 and 2021.

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Based on application, decorative paints & coatings is estimated to be the largest market in the overall pigment dispersions market in 2021.

The decorative paints & coatings segment is the biggest and this trend is anticipated to continue till 2026. The key growth driver of the high consumption in this segment is owing to their demand in residential and commercial building construction. They are primarily used on the interiors and exteriors of various residential and non-residential buildings. Residential construction is projected to be the leading consumer of decorative coatings due to the increasing demand for new painting and repainting of residential constructions and the rapid growth in homeownership in emerging countries.

Based on end-use industry, building & construction is expected to be the largest pigment dispersions segment in 2021.

The building & construction sector is the largest consumer of pigment dispersions. In the building & construction industry, pigment dispersions are used in pavers, flooring, tiling, bridges, and others. Pigment dispersions provide chemical inertness, heat stability, weatherability, and lightfastness properties. In this industry, pigment dispersions are widely used in residential, commercial, industrial, and institutional buildings. Growing awareness and the booming business of interior decoration drive the use of pigment dispersions in interior designing.

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Based on region, APAC is projected to grow the fastest in the pigment dispersions market during the forecast period.

APAC is the fastest-growing market for pigment dispersions. This is primarily attributed to developing economies, such as India, China, Indonesia, Malaysia, Thailand, and others in the region, where demand for industrial products and new constructions is growing rapidly. Also, increase in population and growing urbanization are additionally driving the market and increasing pigment dispersions utilization. In addition, progress in industrialization, increasing demand due to changing demographics, and government initiatives are expected to attract business investments in the region.

The key players in the pigment dispersions market include BASF SE (Germany), DIC Corporation (Japan), Sudarshan Chemical (India), Chromaflo (US), Cabot Corporation (US), Heubach GmbH (Germany), Penn Colors (US), Pidilite (India), Lanxess (Germany), and DyStar Corporation (Singapore). These players have established a strong foothold in the market by adopting strategies, such as investment & expansions, and mergers & acquisitions.

Read More Information At https://www.prnewswire.com/news-releases/pigment-dispersions-market-worth-44-4-billion-by-2026--exclusive-report-by-marketsandmarkets-301415088.html

 

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