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 Industry 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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