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.
Request Report Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=64391545
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.
Speak
to our analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=64391545
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
About MarketsandMarkets™
MarketsandMarkets™ provides
quantified B2B research on 30,000 high growth niche opportunities/threats which
will impact 70% to 80% of worldwide companies’ revenues. Currently servicing
7500 customers worldwide including 80% of global Fortune 1000 companies as
clients. Almost 75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship
competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact MarketsandMarkets™:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Comments
Post a Comment