Market Overview:
As per our Analysis, some of the prominent market
factors and trends identified in the Global Pigment Dispersion Industry include
rapid increase in construction activities, rising demand for protective paints
in automotive industry, and UV protection paints for aircrafts. Moreover,
demand for pigment dispersion is predicted to witness significant growth over
the assessment period due to surging demand for wood finish paints. The Global
Construction Market is expected to grow at a faster pace than world GDP over
the next decade as Asian economies continue to industrialize and the U.S.
recovers from the sharp downturn during the global financial crisis.
Mergers and acquisitions among automotive manufacturers
& suppliers coupled with increasing automobile production and sales is also
estimated to fuel the growth of the market. Furthermore, rapid urbanization
coupled with increasing disposable income in the emerging economies is
predicted to propel the growth of the market during the assessment period, 2017
to 2023. However, implementation of strict regulations by various government
bodies have restricted the use of toxic organic chemicals used in the
production of pigment dispersion, which is expected to hamper the growth of the
market.
Market Segmentation:
The Global Pigment Dispersion Industry is categorized based
on 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 Industry is categorized into construction, automobile,
aerospace, furniture, printing and others. Based on region, the market is
categorized into Asia Pacific, Europe, Latin America, North America, and the
Middle East & Africa.
Global Key Players:
Ø BASF SE
Ø PPG Industries, Inc.
Ø The Sherwin-Williams Company
Ø Akzo Nobel N.V.
Ø Clariant
Ø RPM International Inc.
Ø Tikkurila Oyj
Ø KANSAI PAINT CO.,LTD
Ø Kelly-Moore Paints
Ø Dunn-Edwards Corporation
Regional Analysis:
The Global Pigment Dispersion Industry consists of five
regions: Asia Pacific, Europe, Latin America, North America, and the Middle
East & Africa. Among these, North America is predicted to grow with the
highest CAGR during the review period, 2017 to 2023 on account of expanding
aerospace and defense sector. The demand for pigment dispersion is predicted to
surge in numerous countries of the Middle East & Africa such as Iraq, the
United Arab Emirates, Saudi Arabia, Iran, and Kuwait due to increasing tourism
& travel sector. Moreover, the presence of tremendous oil & gas
reserves in this region is predicted to propel the growth of the market owing
to pigment dispersion use in protecting industrial machinery.
North American Pigment
Dispersion Market is predicted to witness a tremendous growth on
account of high consumption potential, increasing production capacities, and
rising economic growth rate. In North America, the U.S. is predicted to be a
major contributor in the regional growth of Pigment Dispersion Industry and is
expected to see a significant demand for Pigment Dispersion during the forecast
period, 2017 to 2023. As of 2016, the U.S accounted for the largest market
share and is followed by Canada in terms of value & volume and is estimated
to grow with the moderate CAGR on account of growth in Pigment Dispersion based
Paints & Coatings application in furniture sector. In Europe, the demand
for pigment dispersion is predicted to grow in various countries such as Italy,
Germany, Spain, U.K, France, and Russia on account of increasing expenditure in
innovation and growing purchasing power of consumers.
Latin American countries such as Argentina, Colombia,
and Brazil are also predicted to witness substantial growth owing to increasing
consumer spending on passenger cars as well as involvement of new technologies
and inventions in Pigment Dispersion. Asia Pacific Pigment Dispersion Industry
is predicted to grow with the moderate CAGR due to developing crude oil
processing and expanding petroleum refineries in India and China and this will
further boost the industrial Pigment Dispersion Coatings Market. Moreover,
continuous growth of automotive sector in various economies of Asia Pacific
such as China, India, Malaysia, Thailand, and Japan is expected to raise the
demand for synthetic lubricants which in turn is predicted to fuel the demand
for Pigment Dispersion over the forecast period, 2017 to 2023.
Intended Audience
- Pigment Dispersion Manufacturers
- Traders and Distributors of Pigment Dispersion
- Production Process Industries
- Potential Investors
- Raw Material Suppliers
- Nationalized Laboratory
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