Pigment Dispersion Market: By Pigment Type (Organic Pigments, Inorganic Pigments), By Dispersion Type (Water-Based Dispersions, Solvent-Based Dispersions), By Application (Automotive Paints & Coatings, Decorative Paints & Coatings, Industrial Paints & Coatings, Inks, Plastics, Others), By End Users (Building & Construction, Automotive, Packaging, Paper & Printing, Textile, Others) and Geography   

Pigment Dispersion Market size was valued at USD 24.2 billion in 2022 and is poised to grow at a CAGR of 4.4% from 2023-2029. Pigment dispersion is the procedure of breaching pigment piles into small primary units. The procedure contains three steps, primary lubrication, separation, and constancy. Pigment dispersion comprises properties, such as thermal stability, good chemical resistance, light speed, fine gloss, and touch strength which provides a wide range of applications. It is a chemical used for printing inks, plastic, and paints. The increasing usage of packaging material for food packaging can lead to the pigment dispersion market growth. Moreover, customer fondness for coatings that offer heat-resistant in residential buildings and increasing use of coatings on automobiles to encounter the requirements of the sustainable automobile business are some primary factors that can boost the global pigment dispersion market. Apart from these, pigment dispersion material is resilient to chemicals, extreme temperatures, and climate change. The most usual usage of pigment spreads is in decorative coatings in the construction business and inks in the packaging and printing industry. They are also utilized in plastic, glass inserts, laminates, and rubber which can also drive the global market further. However, some factors such as recycling rules and regulations related to plastics and strict environmental norms can restrain the growth of the market. Pigments like metal oxide, metallic pigments, and mixed metal oxides are made from lead, chromium, mercury, and cadmium which require certification for use in numerous industries. Discarding these heavy metals during the pigment manufacturing procedure causes pollution which can hinder market growth. Companies should focus on the production of organic pigments as the demand for the same is increasing which can create an opportunity for the global pigment dispersion market growth.  

Pigment Dispersion Market Key Developments:

• In January 2020, BASE SE announced the expansion of water-based polyurethane dispersions at its Castellbisbal site in Spain.
• In May 2022, Cabot announced the building of a new production line for color aqueous pigment dispersions.