Press release
Emerging Trends to Drive Pigment Dispersion Market Growth at 8% CAGR Through 2029
Pigment Dispersion Market Size
Pigment Dispersion Market Size Growth Forecast: What to Expect by 2025?
There has been a significant expansion in the pigment dispersion market in the past few years. The market's worth, which will be $42.78 billion in 2024, is predicted to increase to $45.78 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 7.0%. Factors such as the increase in the printing and packaging industry, the need for vivid and long-lasting colors, growth in the automotive and construction sectors, development of superior pigments, as well as expansion in the usage of paints and coatings have all contributed to this historical growth.
How Will the Pigment Dispersion Market Size Evolve and Grow by 2029?
Over the next few years, robust growth is anticipated for the pigment dispersion market size, which is projected to reach $62.19 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 8.0%. Factors contributing to this growth in the forecast period include the adoption of sustainable and eco-friendly pigment dispersions, advancements in digital textile printing, expansion in the food and cosmetics colorants sector, the demand for customized pigment dispersion solutions, and the need for high-opacity and UV-resistant pigments. The forecast period is likely to see major trends such as bio-based and natural pigment dispersions, the use of nano pigments for improved coloration, and the rise in on-demand color solutions.
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What Drivers Are Propelling the Growth of Pigment Dispersion Market Forward?
The increase in demand for paints and coatings is set to spur the expansion of the pigment dispersion market. Different types of materials, including paints and coatings or plastics, can be colored using pigment dispersions. These materials find usage in a variety of areas such as decorative and industrial. For instance, as per the European Coatings Journal in October 2022, a Germany-based coatings industry, architectural coatings experienced a 5.7% value increase in 2021 due to supply chain complications and escalating raw material costs, however, the volume only rose by 1.7%. Predictions for 2022 are a volume surge of 1.1% and a striking value increase of 11.1%. As a result, the surging demand for paints and coatings is fueling the development of the pigment dispersion market.
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Which Emerging Trends Are Transforming the Pigment Dispersion Market in 2025?
Key players in the pigment dispersion industry, such as P2 Science Inc., are introducing innovative products like biobased pigment dispersions to offer dependable services to their clients. These preparations leverage dispersing agents derived from renewable, natural resources including plant-based compounds. For instance, P2 Science Inc., a chemical firm out of the USA, unveiled Citrosperse in November 2022. This product line is composed of patented, biobased pigment dispersions designed with significant pigment loading and impressive color intensity, specifically for use in personal care and cosmetic products. Citrosperse is offered in 10 unique shades, including red iron oxide, black iron oxide, yellow iron oxide, titanium dioxide, yellow 5 lake, blue 1 lake, red 7 lake, red 6 lake, and black 2.
What Are the Key Segments in the Pigment Dispersion Market?
The pigment dispersion market covered in this report is segmented -
1) By Pigment Type: Organic Pigments, Inorganic Pigments
2) By Dispersion Type: Water-Based Dispersions, Solvent-Based Dispersions
4) By Industry Vertical: Chemical and Petrochemical, Oil and Gas, Energy and Power, Automotive, Food And Beverages, Healare, Other Industry Verticals
Subsegments:
1) By Organic Pigments: Azo Pigments, Phthalocyanine Pigments, Anthraquinone Pigments, Quinacridone Pigments
2) By Inorganic Pigments: Titanium Dioxide (TiO2), Iron Oxide Pigments, Carbon Black, Chromium Oxide Pigments
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Who Are the Key Players Shaping the Pigment Dispersion Market's Competitive Landscape?
Major companies operating in the pigment dispersion market include Achitex Minerva S.p.A., Altana AG, American Elements Corp., Apollo Colors Inc., Aralon Color GmbH, Aum Farbenchem Pvt. Ltd., Flint Group, Cabot Corporation, Croda International plc, Clariant AG, Decorative Color & Chemical Inc., DIC Corporation, Dunn-Edwards Corporation, DyStar Group, BASF SE, Sudarshan Chemical Industries Ltd., Heubach GmbH, Penn Colors Inc., Pidilite Industries Ltd., Lanxess Co., Evonik Industries AG, Huntsman International LLC, Solvay SA, Dow Inc., Croda International PLC., J.M. Huber Corporation, The Lubrizol Corporation, Akzo Nobel NV, Pharmacos, AArbor Colorants Corporation, Eckart GmbH
What Geographic Markets Are Powering Growth in the Pigment Dispersion Market?
Asia-Pacific was the largest region in the pigment dispersion market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the pigment dispersion market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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