Pigment Dispersion Global Market Report 2024

Pigment dispersions are dry pigments dispersed in liquid materials, which are stabilized using resins or surfactants/additives to minimize the formation of lumps. The process involves replacing air-solid interfaces within the dry powder with liquid-solid interfaces. Pigment dispersions are generally used in additive quantities to impart color to a wide variety of products.

The main types of pigment dispersions include organic pigments and inorganic pigments. Organic pigments are colored materials made of organic compounds with pigment properties. The various dispersion types are water-based dispersions and solvent-based dispersions. These pigment dispersions find applications in chemicals and petrochemicals, oil and gas, energy and power, automotive, food and beverages, healthcare, and other industry verticals.

The pigment dispersion market research report is one of a series of new reports that provides pigment dispersion market statistics, including global market size, regional shares, competitors with a pigment dispersion market share, detailed pigment dispersion market segments, market trends and opportunities, and any further data you may need to thrive in the pigment dispersion industry. This pigment dispersion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The pigment dispersion market size has grown strongly in recent years. It will grow from $40.12 billion in 2023 to $43.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to the expansion of the printing and packaging industries, the demand for vibrant and durable colors, growth in the automotive and construction sectors, the development of high-performance pigments, and increased applications in paints and coatings.

The pigment dispersion market size is expected to see strong growth in the next few years. It will grow to $57.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The forecasted growth can be attributed to factors such as the demand for sustainable and eco-friendly pigment dispersions, the expansion of digital textile printing, increased use in food and cosmetics colorants, the need for customized pigment dispersion solutions, and the rising demand for high-opacity and UV-resistant pigments. Major trends in the forecast period include the use of bio-based and natural pigment dispersions, nanopigments for enhanced coloration, adherence to regulatory standards for pigment safety, the incorporation of smart and color-changing pigments, the utilization of pigment dispersion for security and anti-counterfeiting measures, and the provision of personalized and on-demand color solutions.

The anticipated increase in demand for paints and coatings is poised to drive the future growth of the pigment dispersion market. Paints, comprising a mixture of opaque pigments or powders in a liquid, utilize pigment dispersions to color various materials such as plastics, coatings, and paints, finding applications in both decorative and industrial fields. For example, the American Coatings Association reported that the United States exported paints and coatings products worth $2.1 billion in 2021. This surge in demand for paints and coatings serves as a catalyst for the growth of the pigment dispersion market.

The growing demand for wood is expected to be a significant driver for the pigment dispersion market. Wood, a versatile and natural material forming the structural tissue of trees and woody plants, is widely used in furniture manufacturing and woodworking. Pigment dispersions play a crucial role in staining or coloring wood surfaces. In 2021, Finland's Natural Resources Institute reported a total round wood use of 85.2 million cubic meters, marking a 9% increase from the previous year. Additionally, the utilization of by-products and other wood waste saw a 17% rise, emphasizing the growing demand for wood and its impact on the pigment dispersion market.

Major companies in the pigment dispersion market are introducing innovative products, such as biobased pigment dispersions, to enhance customer offerings. These pigment preparations utilize a dispersing medium or carrier derived from renewable, natural sources, such as plant-based materials. P2 Science Inc., a USA-based chemicals company, launched Citrosperse in November 2022 - a range of biobased and patented pigment dispersions with high pigment loading and remarkable color intensity, catering to cosmetics and personal care products.

The leading companies in the pigment dispersion market are innovating products like low-volatile organic compounds (VOC) pigment dispersions to promote eco-friendly coatings. These formulations, characterized by minimal volatile organic compound content, are commonly used in environmentally friendly coatings and inks to mitigate air pollution and health hazards. Clariant, a Switzerland-based chemicals company, introduced Hostatint AU in October 2021 - a new range of low-VOC pigment dispersions designed for architectural coatings, known for their durability, fade resistance, and enhanced opacity.

In June 2021, DIC Corporation, a Japan-based chemical company, acquired BASF SE's pigment business for an undisclosed amount. This strategic acquisition aimed to broaden DIC’s portfolio as a global pigment manufacturer, covering applications such as electronic displays, cosmetics, coatings, plastics, inks, and specialty uses. BASF SE, a Germany-based chemical company, was a notable player in the production of pigment dispersions.

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

Asia-Pacific was the largest region in the pigment dispersion market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the pigment dispersion market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the pigment dispersion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The pigment dispersion market consists of revenues earned by entities by providing pigment dispersion done through pigment wetting, deagglomeration and stabilization. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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