Market Overview:
Pigment Dispersion based paints & coatings intensifies the
substrate properties such as color intensity, gloss, hiding power, light
fastness and weathering. They have major scope in residential and
non-residential applications, automotive and aircraft components, and
industrial machinery.
Some of the prominent factors that positively influence the
growth of Pigment Dispersion Market are increasing refineries owing to the
demand for coatings which are resistance to acid, alkali, detergents and
lubricants in chemical plants, and rising demand for UV protection coatings for
aircraft carriers. Increasing urbanization along with rising per capita
disposable income in the developed and emerging economies are predicted to
drive the growth of the market over the forecast period, 2017 to 2023. New
coatings and surface treatments based on nanotechnology have been incorporated
into pigment dispersion, which will make the use of wood in construction
increasingly practical and economic.
Moreover, continuous expansion of automotive sector as well as
shifting manufacturers focus towards paints which are resistant to acid and
detergent washes, bird droppings, leaves for vehicles are estimated to fuel the
growth of the market during the review period, 2017 to 2023. However, growing
environmental concern regarding the toxic effect of chemicals used in Pigment
Dispersion along with the implementation of strict regulations are predicted to
hinder the market growth over the assessment period, 2017 to 2023.
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Regional Analysis:
In Europe, Germany, Russia, and Spain are predicted to register a
strong growth on account of tremendous demand for Pigment Dispersion in
automobile manufacturing. In Asia Pacific, countries such as China, India, and
South Korea are the fastest growing market for Pigment Dispersion Market and is estimated to grow
with the same pace over the forecast period. Improving living standards along
with the flourishing growth of sludge oil treatment sector is predicted to
contribute to the regional market growth. In North America, U.S. and Mexico are
among the major contributors in the regional market growth due to expansion of
offshore and onshore activities will ensure the use of Pigment Dispersion
Coating for industrial machinery as well as increasing innovations. The Middle
East & African countries are focusing newly on tourism & travel
industry will ensure the utilization of Pigment Dispersion Coatings in various
construction projects. In Latin America, Mexico is expected to register strong
growth due to robust presence of automobile manufacturers.
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.
Key Players:
Some of the prominent players operating in the Global Pigment
Dispersion Market are BASF SE (Germany), PPG Industries, Inc. (U.S.), The
Sherwin-Williams Company (U.S.), Akzo Nobel N.V. (the Netherlands), Clariant
(Switzerland), RPM International Inc. (U.S.), Tikkurila Oyj (Finland), KANSAI
PAINT CO.,LTD (Japan), Kelly-Moore Paints (U.S.), and Dunn-Edwards Corporation
(U.S.) among others.
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