Pigment Dispersion Market Size, Share, Industry Growth, Future Demand and Trends and Forecast 2018-2023
Mar 7, 2019
Pigment Dispersion is a suspension of insoluble solid particles either in organic solvent or water. Pigment Dispersion particles play a significant role in determining the end properties of lacquers, paints or printing inks.
Pune, India - March 7, 2019 /MarketersMedia/ —
Pigment Dispersion Market Overview to 2023:
Pigment Dispersion is a suspension of insoluble solid particles either in organic solvent or water. Pigment Dispersion particles play a significant role in determining the end properties of lacquers, paints or printing inks. The main functions of these dispersions are to resist chemical attacks, discoloration, weather, and harsh temperatures. The main applications are in the field of automobile, chemical and construction industries.
As per our Analysis, some of the prominent market factors and trends identified in the Global Pigment Dispersion Market include rapid increase in construction activities, rising demand for protective paints in automotive industry, and UV protection paints for aircrafts. Moreover, demand for pigment dispersion is predicted to witness significant growth over the assessment period due to surging demand for wood finish paints. The Global Construction Market is expected to grow at a faster pace than world GDP over the next decade as Asian economies continue to industrialize and the U.S. recovers from the sharp downturn during the global financial crisis. Mergers and acquisitions among automotive manufacturers & suppliers coupled with increasing automobile production and sales is also estimated to fuel the growth of the market. Furthermore, rapid urbanization coupled with increasing disposable income in the emerging economies is predicted to propel the growth of the market during the assessment period, 2017 to 2023. However, implementation of strict regulations by various government bodies have restricted the use of toxic organic chemicals used in the production of pigment dispersion, which is expected to hamper the growth of the market.
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Regional Analysis:
The Global Pigment dispersion market is categorized into five regions based on geography, namely North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Among them, the North America is one of the largest market share holder as of 2016 and is predicted to grow with the healthy CAGR over the assessment period. The Middle Eastern & African market is categorized into Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait. Aforementioned nations are predicted to drive the demand for pigment dispersion in the upcoming years due to presence of mature oil reserves and oil refineries and it is anticipated that pigment dispersion based protective coatings for industrial machinery utilization is higher. Moreover, rising demand for pigment dispersion based architectural coatings consumption in the Middle East & African countries is predicted to fuel the growth of the market. In North America, the pigment dispersion market is predicted to grow with the highest CAGR during the assessment period, 2017 to 2023. Furniture coatings and protective coatings for aerospace industry is the main area for pigment dispersion consumption in the region, as majority of furniture and aerospace vehicles are produced in the North American region.
European pigment dispersion market is classified into Russia, Germany, U.K, Spain, Italy, and France are expected to be the dominant region on account of increasing automobile manufacturing coupled with increasing innovation. Moreover, the robust presence of automobile manufacturers along with the increasing consumption of lubricants is predicted to fuel the demand for pigment dispersion over the assessment period. In Latin America, countries such as Brazil and Mexico is expected to witness decline in market growth on account of financial and political turmoil. Asia Pacific is predicted to be a healthy growing market due to emerging crude oil processing as well as rapid industrialization in India and China. Moreover, rising number of passenger cars and heavy duty vehicles along with increased use of pigment dispersion based coatings is expected to drive the demand for pigment dispersion in this region.
Industry Segmentation:
The global pigment dispersion market is categorized on the basis of type, application, and region. On the basis of type, the market is bifurcated into water, solvent, and others. On the basis of end use industry, the pigment dispersion market is categorized into construction, automobile, aerospace, furniture, printing and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Global Top 10 Key Players:
BASF SE
PPG Industries, Inc.
The Sherwin-Williams Company
Akzo Nobel N.V.
Clariant
RPM International Inc.
Tikkurila Oyj
KANSAI PAINT CO.,LTD
Kelly-Moore Paints
Dunn-Edwards Corporation
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