Pigment Dispersion Market Size, Strategies and Opportunities Forecast 2022-28

According to Precision Business Insights (PBI), the latest report, pigment dispersion market size is expected to be valued at USD 24.2 billion in 2022, which is expected to grow at a CAGR of 4.4% from 2022-2028. The primary factors that drive the market are increasing growth in the packaging business in both the fields of food and non-food packaging and label printing.

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Solvent-Based Dispersions to Dominate the Pigment Dispersion Market:
Based on dispersion type, solvent-based dispersions hold the highest market share. The major factor for the rise of this segment is the increased consumption of these pigment dispersions due to their low surface tension, which makes the dampening of pigment units easy. Solvent-based dispersions have numerous functional characteristics such as adhesion to numerous substrates, high print quality, and fast drying. Solvent-based dispersions are regularly used in the automotive and printing industries. These factors can drive the global pigment dispersion market growth.

Asia Pacific Pigment Dispersion Market:
The Asia Pacific leads the global pigment dispersion market growth due to rising manufacturing and construction sector in developing countries, such as Indonesia, India, Thailand, China, Vietnam, Malaysia, and other countries in the region, need for automobiles, industrial machinery, packaging materials, and textiles, and as well as new construction of new buildings is increasing swiftly. The Asia Pacific leads the global market due to its growing population, rising urbanization, and growing demand due to changes in demographics.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global pigment dispersion market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In October 2020, Poteet Printing Systems LLC. was acquired by Flint Group to expand its business. In June 2021, Heubach GmbH announced a partnership with S.K. Capital Partners and acquired Clariant's Pigments Business to manufacture pigment.

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The pigment dispersion market is segmented based on pigment type, dispersion type, application, end users, and region.
Based on the pigment type, the market is segmented into the following:
• Organic Pigments
• Inorganic Pigments

Based on the dispersion type, the market is segmented into the following:
• Water-Based Dispersions
• Solvent-Based Dispersions

Based on the application type, the market is segmented into the following:
• Automotive Paints & Coatings
• Decorative Paints & Coatings
• Industrial Paints & Coatings
• Inks
• Plastics
• Others

Based on the end users, the market is segmented into the following:
• Building & Construction
• Automotive
• Packaging
• Paper & Printing
• Textile
• Others

Based on the region, the market is segmented into the following:
• Asia Pacific
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the pigment dispersion market report are Aarbor Colorants Corporation, American Element, Aralon Color Gmbh, Basf Se, Clariant Ltd., Decorative Color & Chemical, Inc., Ferro Corporation, Flint Group, Heubach Gmbh, Kama Pigments, Organic Dyes and Pigments, and Reitech Corporation.

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This release was published on openPR.