Grand View Research, Inc. - Market Research And Consulting.Growing demand for colored packaging material, which plays an important role in product presentation along with influencing the buying behavior of consumers at the point of sales. As a result, the demand for pigments in packaging is projected to increase over the forecast period.
Pigment Dispersion Market Growth & Trends
The global pigment dispersion market size is anticipated to reach USD 29.5 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 3.9% over the forecast period. Growing demand for colored packaging material, which plays an important role in product presentation along with influencing the buying behavior of consumers at the point of sales. As a result, the demand for pigments in packaging is projected to increase over the forecast period. Pigment dispersions and dyes are used in printing inks for printing texts, images, and designs on clothes, packaging labels, etc.
Recent developments in digital printing including creasing, digital carton cutting, and other completion technologies are contributing to the increased potential for pigment dispersion in printing applications. Digital printing is used in various packaging solutions, such as corrugated & flexible packaging and folding car kilotons, which are experiencing growth trends and are anticipated to eventually drive product demand over the forecast period. Various paper, plastic, and paperboard materials are used based on their applications in food packaging. Foods, such as breakfast cereals, require multi-layer packaging to keep the product crisp throughout its shelf life.
The exposure of food items to oxygen leads to oxidation and, in turn, results in food spoilage. Polyethylene is combined with paperboard, which acts as a barrier to oxygen and prevents the oxidation of food products. In addition, the attractive appearance of packaging while maintaining the freshness of food items is another challenge for food manufacturers. Thus, pigments that suit a wide array of plastic and paperboard materials as well as impart an attractive color are likely to have high demand.
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Pigment Dispersion Market Report Highlights
The market was valued at USD 26.2 billion in 2019 and is estimated to register a CAGR of 3.9% from 2020 to 2027
The inorganic product segment led the market in 2019. Inorganic pigment dispersion is more economical than organic pigment dispersion and offers easier dispersion properties on various substrates owing to its smaller particle size
Coatings was the largest application segment in 2019. Due to the growing number of green building construction projects, organic pigments used in coatings are anticipated to have a considerable demand
Inks application segment is estimated to register the fastest CAGR from 2020 to 2027 owing to high demand for pigment dispersion ink, which provides better coloring to the printing ink as compared to dyes
Led by China, Asia Pacific was the largest regional market in 2019 and is projected to maintain its leading position throughout the forecast period
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Pigment Dispersion Market Segmentation
Grand View Research has segmented the global pigment dispersion market on the basis of product, application, and region:
Pigment Dispersion Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
Inorganic
Calcium Carbonate
Titanium Dioxide
Iron Oxide
Carbon & Vegetable Black
Ultramarine Blue
Chrome Green
Organic
Pigment Dispersion Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
Plastics
Packaging
Plastic Food Packaging
Other Non-Food Packaging
Others
Inks
Coatings
Paper & Paper Board Coatings
Other Coatings
Others
Rubber
Silicone
LSR
HTV
RTV
EPDM
Polyurethane
Others
Epoxy
Adhesives
Sealants
Phthalate-free PVC Masterbatch
Pigment Dispersion Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Asia Pacific
China
India
Japan
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
GCC Countries
South Africa
List of Key Players of Pigment Dispersion Market
AArbor International Corporation
American Elements
Apollo Colors Inc.
Aralon Color GmbH
BASF SE
Clariant Ltd.
Decorative Color & Chemical, Inc.
Ferro Corporation
Flint Group
Heubach GmbH
Kama Pigments
Organic Dyes and Pigments
Reitech Corporation
Sun Chemical
Trust Chem Co., Ltd.
Sudarshan Chemical Industries Ltd.
Pidilite Industries Ltd.
Aum Farbenchem (India) Pvt. Ltd.
DyStar Singapore Pte. Ltd.
Solvay SA
PolyOne Corporation
Altana AG
Achitex Minerva S.p.A.
Heidelberger Druckmaschinen AG
Habich GmbH
Synthesia, A.S.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 126 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 4126 analysts and consultants, the company adds 121200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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