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.
Global Key Players:
Ø BASF SE
Ø PPG
Industries, Inc.
Ø The
Sherwin-Williams Company
Ø Akzo
Nobel N.V.
Ø Clariant
Ø RPM
International Inc.
Ø Tikkurila
Oyj
Ø KANSAI
PAINT CO.,LTD
Ø Kelly-Moore
Paints
Ø Dunn-Edwards
Corporation
The Global Pigment Dispersion
Market is categorized based on 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. Based on
region, the market is categorized into Asia Pacific, Europe, Latin America,
North America, and the Middle East & Africa.
Regional Analysis:
The Global Pigment Dispersion
Market consists of five regions: Asia Pacific, Europe, Latin America, North
America, and the Middle East & Africa. Among these, North America is
predicted to grow with the highest CAGR during the review period, 2017 to 2023
on account of expanding aerospace and defense sector. The demand for pigment
dispersion is predicted to surge in numerous countries of the Middle East &
Africa such as Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait
due to increasing tourism & travel sector. Moreover, the presence of
tremendous oil & gas reserves in this region is predicted to propel the
growth of the market owing to pigment dispersion use in protecting industrial
machinery.
North American Pigment Dispersion
Market is predicted to witness a tremendous growth on account of high
consumption potential, increasing production capacities, and rising economic
growth rate. In North America, the U.S. is predicted to be a major contributor
in the regional growth of Pigment Dispersion Market and is expected to see a
significant demand for Pigment Dispersion during the forecast period, 2017 to
2023. As of 2016, the U.S accounted for the largest market share and is
followed by Canada in terms of value & volume and is estimated to grow with
the moderate CAGR on account of growth in Pigment Dispersion based Paints &
Coatings application in furniture sector. In Europe, the demand for pigment
dispersion is predicted to grow in various countries such as Italy, Germany,
Spain, U.K, France, and Russia on account of increasing expenditure in
innovation and growing purchasing power of consumers. Latin American countries
such as Argentina, Colombia, and Brazil are also predicted to witness
substantial growth owing to increasing consumer spending on passenger cars as
well as involvement of new technologies and inventions in Pigment Dispersion.
Asia Pacific pigment dispersion market is predicted to grow with the moderate
CAGR due to developing crude oil processing and expanding petroleum refineries
in India and China and this will further boost the industrial Pigment
Dispersion Coatings Market. Moreover, continuous growth of automotive sector in
various economies of Asia Pacific such as China, India, Malaysia, Thailand, and
Japan is expected to raise the demand for synthetic lubricants which in turn is
predicted to fuel the demand for Pigment Dispersion over the forecast period,
2017 to 2023.
Intended Audience
- Pigment Dispersion Manufacturers
- Traders and Distributors of Pigment Dispersion
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
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