Market Overview:
Market Research Future (MRFR) states that the global market for pigment
dispersion is slated to exhibit a high revenue based CAGR during the forecast
period (2017-2023). Pigment dispersion method is used to impart color to
various substrates in the building and construction, automotive, and packaging
industries.
Drivers and Restraints
The impressive market performance is the result of a combination of
factors such as presence of various manufacturers and well-established
industries across the globe. A number of market players strive to strengthen
their presence in the global market by tapping into the existing growth
potential. For instance, in 2018, Clariant entered into a partnership with
Lintech International to distribute its pigments for the plastics, coating and
printing ink industries across the United States (US).
Furthermore, expansion of the paints and coatings industry is deemed to
present remarkable growth opportunities for pigment manufacturers. The market
also expands on the back of increased use of colored packaging materials for
food packaging and consumer preference for thermal barrier coatings in
residential construction.
On the downside, several government bodies implement stringent
regulations that restrict the use of toxic organic chemicals for production of
pigment dispersion, which partially impedes the market growth. However, the
overall market will remain unaffected on account of onslaught of organic
pigments that are alternatives to some of the toxic inorganic ones. With
manufacturers investing in research and development activities to replace
metals in the formulation to produce environmental-friendly pigments, the
market is on its way to grow exponentially over the coming years.
Global
Top 10 Key Players
ü BASF
SE
ü PPG
Industries, Inc.
ü The
Sherwin-Williams Company
ü Akzo
Nobel N.V.
ü Clariant
ü RPM
International Inc.
ü Tikkurila
Oyj
ü KANSAI
PAINT CO.,LTD
ü Kelly-Moore
Paints
ü Dunn-Edwards
Corporation
Regional Analysis:
The
Pigment
Dispersion Market is categorized into five regions based on geography,
namely–North America, Europe, Asia Pacific, Latin America and the Middle East
& Africa. Among them, the North America is one of the largest market share
holder as of 2016 and is predicted to grow with the healthy CAGR over the
assessment period. The Middle Eastern & African market is categorized into
Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait. Aforementioned
nations are predicted to drive the demand for pigment dispersion in the
upcoming years due to presence of mature oil reserves and oil refineries and it
is anticipated that pigment dispersion based protective coatings for industrial
machinery utilization is higher. Moreover, rising demand for pigment dispersion
based architectural coatings consumption in the Middle East & African
countries is predicted to fuel the growth of the market. In North America, the
pigment dispersion market is predicted to grow with the highest CAGR during the
assessment period, 2017 to 2023. Furniture coatings and protective coatings for
aerospace industry is the main area for pigment dispersion consumption in the
region, as majority of furniture and aerospace vehicles are produced in the
North American region.
European
pigment dispersion market is classified into Russia, Germany, U.K, Spain,
Italy, and France are expected to be the dominant region on account of
increasing automobile manufacturing coupled with increasing innovation.
Moreover, the robust presence of automobile manufacturers along with the
increasing consumption of lubricants is predicted to fuel the demand for
pigment dispersion over the assessment period. In Latin America, countries such
as Brazil and Mexico is expected to witness decline in market growth on account
of financial and political turmoil. Asia Pacific is predicted to be a healthy
growing market due to emerging crude oil processing as well as rapid
industrialization in India and China. Moreover, rising number of passenger cars
and heavy duty vehicles along with increased use of pigment dispersion based
coatings is expected to drive the demand for pigment dispersion in this region.
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.
Intended Audience
- Pigment Dispersion Manufacturers
- Traders and Distributors of Pigment Dispersion
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
Access Full
Research Report by Market Research
Future@ https://www.marketresearchfuture.com/reports/pigment-dispersion-market-4951
No comments:
Post a Comment