North America is Expected to Witness a Major Market Share in Pigment Dispersion Market.

Introduction

Pigment dispersion market is expected to witness significant growth in the forecast period, owing to its increasing use in end-use industries such as construction, automotive and transportation, printing, among others. Global demand for pigment dispersion is driven by several factors such as preference of consumers for the provision of thermal barrier coatings in residential construction, colorful packaging materials for food and beverages and use of coatings in the automotive sector to cater the continuously expanding automotive sector.

Segmental Insights

Global pigment dispersion market is segmented on the basis of type and end use.

On the basis of type, it is further segmented into organic and inorganic. Inorganic segment is expected to be dominant in this market. However, preference towards environment-friendly pigments is expected to provide a boost in this market.

Based on end-use, the market is segmented as construction, automobile, aerospace, furniture, printing, and others. Construction & automobile segment is expected to witness significant rise in this market, owing to the increasing disposable incomes of the consumers. Increasing investment and demand for paints & coatings for infrastructural developments in the developing countries of the APAC region such as China, India, Indonesia, South Korea, and others are gaining traction in the market.

Regional Insights

Geographically, the global pigment dispersion market is segmented into five regions, namely North America, Europe, Asia Pacific, Latin America and the Middle East & Africa (LAMEA).

North America is expected to be dominant in the pigment dispersion market owing to its increasing use in end-use industries in which economies such as the U.S and Mexico have a leading presence. There has been a significant rise in the use and consumption of pharmaceutical products and medicinal drugs. North America region includes leading pharmaceutical companies which are boosting the market growth in this segment.

Europe is expected to witness significant growth in the pigment dispersion market, owing to its notable presence in the furniture market where pigment dispersion is used. Additionally, several large automotive manufacturing companies are expected to drive market growth in the region.

The Asia-Pacific pigment dispersion market is expected to be the fastest growing region due to the presence of several emerging economies which are now witnessing a surge in urban and industrial expansion, owing to the rising investments from domestic and foreign investors.

LAMEA is expected to witness healthy growth in the pigment dispersion market.

Competitive Players

1. BASF SE
2. Clariant International Ltd
3. Cabot Corp.
4. DIC Corp.
5. CPS Color AG
6. E.I.
7. Du Pont De Nemours & Co.
8. ECKART GmbH
9. Heubach GmbH
10. Huntsman Corporation
11. Flint Group
12. Kronos Worldwide Inc.
13. Rockwood Holdings Inc.
14. LANXESS AG
15. CRISTAL
16. Zhejiang Longsheng Group Co. Ltd
17. Sudarshan Chemicals
18. The Shepherd Color Company
19. Tronox Ltd.

Recent Developments

Recent Developments

• In October 2020, Flint Group announced the acquisition of Poteet Printing Systems LLC. This acquisition will assist the company's paper and board business growth across the North American region.
• In June 2021, Heubach GmbH partnered with S.K. Capital Partners announced that it acquired Clariant's Pigments Business. This combined business will work under the Heubach that will manufacture pigments that generate over Euro 900 Million.
• In March 2019, BASF SE partnered with Landa Labs to introduce its second stir-in pigment, eXpand! Blue (EH 6001), sold under the Colors & Effects brand. eXpand! Blue (EH 6001) is used in automotive coatings and outdoor coating applications. The company displayed its new product at European Coatings Show, held between March 19 and March 21, 2019, in Nuremberg, Germany. The success of its previous product, eXpand! Red (EH 3427) compelled the company to launch an additional color (blue color) to its product portfolio to drive the company's sales and increase its revenue.

Segmentation

1.  By Product
   1. Inorganic Pigment
   2. Organic Pigment
2.  By Application
   1. Plastics
   2. Inks
   3. Coatings
   4. Others