02 December 2019
The U.S. Pigment Dispersion Market Report 2020-2030: Forecasts by Pigment Type (Organic, Inorganic), Dispersion Type (Water-based, Solvent-based), Application (Paints & Coatings, Inks, Plastics), End-use industry (Building & Construction, Automotive), and analysis of leading companies operating in this industry.
The global market size of U.S. pigment dispersion is estimated to exceed USD 6.74 billion by 2020 and is expected to grow over the forecast period at a CAGR of more than 4.6 percent. The rising demand for pigment dispersion market is propelled by numerous factors such as increased use of colored materials for food packaging, higher inclination towards thermal barrier coatings in residential construction, and increased use of automotive coatings to meet the needs of a rapidly growing automotive industry. In addition, the paint and coatings industry's expansion is expected to present significant growth opportunities to pigment manufacturers.
Pigment dispersion is a material used in inks, coatings, paints, and plastics printing. In the upcoming years, the global market for pigment dispersion is expected to see a steady growth. It is expected that the growth opportunities in the global pigment dispersion market will be driven by rapid industrialization and an increasing number of construction projects across the globe. It is expected that rising investment in the construction sector would improve the demand.
Organic pigments rapidly substitute some of the more toxic inorganic ones, majorly those with mercury, cadmium, arsenic and hexavalent chromium. Nevertheless, organic types are expensive, and not all provide higher quality than inorganic pigments. Companies are undertaking research and development activities to substitute metals for the production of eco-friendly yellow and red synthetic pigments. These is expected to drive the growth of the US pigment dispersion market.
Pigment dispersion market will be driven by the application of paints & coatings. The decorative coating is the largest and fastest growing user of pigment dispersions in the Paint & Coatings application sector. The demand for decorative coatings is predicted to increase in the near future because of the increasing demand for paint and coatings on residential, commercial and industrial buildings. Low viscosity, fast drying, strong luminosity, low diffusion, solvent and bleeding rate properties are present in pigment dispersions.
Pigments are used on the basis of their application in food packaging in various plastics, paper and paperboard materials as well as inks. Varied colors play an important role in the attractiveness of the packaged product. Pigments that offer an attractive color and fit a wide range of materials have witnessed higher demand and growth. Ink pigment dispersion is expected to see the highest revenue and volume growth.
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