Pigment Dispersion Market Size, Share & Trends Report

Pigment Dispersion Market Size, Share & Trends Analysis Report By Product (Organic, Inorganic), By Application (Plastics, Inks, Coatings), By Region (Europe, North America, Asia Pacific), And Segment Forecasts, 2020 - 2027

  • Published Date: Oct, 2020
  • Base Year for Estimate: 2019
  • Report ID: GVR-4-68039-177-3
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 246

Report Overview

The global pigment dispersion market size was valued at USD 26.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.9% from 2020 to 2027. Growth in the packaging industry is expected to drive product demand over the forecast period. Polyethylene Terephthalate (PET), Polypropylene (PP), and Polystyrene (PS) are the most preferred polymers in the single-service food packaging segment. Factors, such as increasing use of plastic and paper & paperboard materials and the use of various colorants to make attractive packaging are expected to drive the product demand. Organic pigments are an alternative to some of the toxic inorganic pigments. However, organic products are more expensive and some products that exhibit superior properties are limited.

U.S. pigment dispersion market size

This may hinder market growth to some extent. Manufacturers are investing in research & development activities to replace metals in the production of red and yellow synthetic pigments to produce eco-friendly synthetic pigments. Titanium dioxide is the most widely used inorganic pigment on account of its non-toxic content, chemical stability, and versatile properties for use in plastic and paper & paperboard food packaging.

Zinc oxide is a synthetically-produced pigment and is considered to have less toxic effects on humans. At present, titanium dioxide, iron oxide, and zinc oxide account for the maximum share of the overall pigments demand from plastic and paper & paperboard food packaging applications.

Product Insights

The inorganic product segment led the market and accounted for more than 57% share of the global revenue in 2019. Inorganic pigment dispersion is derived from inorganic compounds, such as chromates, sulfates, and metal oxides, using various chemical formulations. Inorganic pigment dispersion is used in various applications including plastics, paints & coatings, printing inks, and others.

It is generally lighter than organic pigment dispersion; however, in applications demanding higher durability, inorganic products are preferred. Unlike inorganic products, organic products may fade away when continuously exposed to sunlight.

In addition, inorganic pigment dispersion is more economical than organic pigment dispersion and offers easier dispersion properties on various substrates owing to its smaller particle size as compared with organic pigment dispersion. Titanium dioxide and iron oxide are among the popular types of inorganic pigment dispersion.

Organic pigments are composed of carbon chains and carbon rings and are transparent owing to their large particle size. The common types of organic products include azo, phthalocyanine, lake, and quinacridone pigments. The color strength of organic pigments is very much higher than inorganic products; however, the high prices and poor dispersion capabilities are restraining the growth of the organic product segment. Organic pigments find application in printing inks, paints & coatings, rubber, and plastics.

Application Insights

The coatings application segment led the market and accounted for more than 39% share of the global revenue in 2019. The growing building & construction industry on account of infrastructure development in many economies, such as the U.S., China, India, and Saudi Arabia, is expected to drive the product demand over the forecast period. With the growing demand for green building construction, organic pigments used in coatings are also anticipated to witness a considerable increase in demand.

Pigment dispersion has widely substituted dyes in printing ink applications as the former provides better coloring to the printing ink, thereby offering the intended result to printing ink manufacturers. Inks that are made from dyes are composed of a colorant that is completely dissolved in a carrier fluid, whereas pigment dispersion-based printing inks consist of fine solid particles that get suspended in the carrier liquid. Pigment dispersion-based printing inks employ both organic and inorganic pigment dispersions; however, the percentage use of the latter is comparatively higher owing to its low price and better dispersion capabilities.

Global pigment dispersion market share

Increasing consumption of plastic in various end-use industries including construction, automotive, medical devices, and electrical & electronics sectors is expected to drive the demand for pigment dispersion over the forecast period. Plastics are being used in construction applications in floorings, high-performance safety windows, insulation materials, storage tanks, roofing, pipes, domes/skylights, cables, and doors. Moderate scope for growth is presented by such an evolving market.

Pigment dispersion is used in plastics mostly with polyolefins for plastic food packaging and several non-food packaging. In packaging, pigment dispersion helps in enhancing the branding by improving the visual design, which often attracts the consumers. Epoxy and polyurethane formulations are used in various floorings that require pigment dispersion to offer decorative and functional colors. Pigment dispersion is also used in rubber applications for coloring rubber sheets, tire sidewalls, and surgery equipment in the medical industry.

Regional Insights

The Asia Pacific dominated the market and accounted for more than 37% share of the global revenue in 2019. The high share was attributed to the easy availability of raw materials and low-cost labor, which attracted manufacturers from various industries to set up their production facilities in the region. In South Korea, the coatings application segment is expected to account for the maximum share over the forecast period. Growing infrastructure activities and increased spending from the government in public infrastructure development are anticipated to drive the market in the country.

In addition, macroeconomic factors, such as low unemployment rate and high disposable income, in South Korea are stipulated to propel the demand for pigment dispersions in packaging applications for various end-use industries, such as food & beverage and consumer goods. Germany held the maximum share in the European market, in terms of volume and revenue. Growing industrial facilities and supportive macroeconomic situations in several European countries are factors expected to boost the growth of the market in the region. Furthermore, the growing trend of green technology, due to strict environmental regulations, is anticipated to favor the growth of organic pigment dispersion in the region.

The product demand in the U.S. is majorly driven by the increasing number of Quick-Serve Restaurants (QSRs), which use pigment dispersion in food packaging and printing ink applications. The U.S. government has strict regulations for the type of pigment dispersions to be used in food packaging as many inorganic pigments become toxic after coming in contact with food products.

For instance, according to the FDA, materials that are permissible for use as food colorants are allowed to be used as coloring agents for food packaging and printing inks. However, pigments containing polynuclear aromatic hydrocarbons and benzopyrene exceeding 0.5 parts per million and 5.0 parts per million, respectively, are prohibited for application in food packaging

Key Companies & Market Share Insights

The global market is fragmented in nature and major players are engaged in product development, strategic partnerships, and merger & acquisition, and joint ventures to vertically integrate across the value chain, reducing the operational cost to have more profit margins. For instance, in March 2019, BASF SE partnered with Landa Labs to introduce its second stir-in pigment eXpand! Blue (EH 6001), sold under Colors & Effects brand. eXpand! Blue (EH 6001) is used in automotive coatings and outdoor coating applications.

In December 2018, Organic Dyes and Pigments acquired Premier Colors, Inc. to expand its business in Providence by catering to the customers of the latter. Premier Colors, Inc., located in South Carolina, U.S., is engaged in the supply of pigment dispersions and specialty chemicals to paper, textile, paints & coatings, and leather end-use industries. The major companies operating in the global pigment dispersion market include:

  • AArbor International Corporation

  • American Elements

  • Apollo Colors Inc.

  • Aralon Color GmbH

  • BASF SE

  • Clariant Ltd.

  • Decorative Color & Chemical, Inc.

  • Ferro Corporation

  • Flint Group

  • Heubach GmbH

  • Kama Pigments

  • Organic Dyes and Pigments

  • Reitech Corporation

  • Sun Chemical

  • Trust Chem Co., Ltd.

  • Sudarshan Chemical Industries Limited

  • Pidilite Industries Ltd.

  • Aum Farbenchem (India) Pvt. Ltd.

  • DyStar Singapore Pte. Ltd.

  • Solvay SA

  • PolyOne Corporation

  • Altana AG

  • Achitex Minerva S.p.A.

  • Heidelberger Druckmaschinen AG

  • Habich GmbH

  • Synthesia, A.S.

Pigment Dispersion Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 22.5 billion

Revenue forecast in 2027

USD 29.5 billion

Growth Rate

CAGR of 3.9% from 2020 to 2027

Base year for estimation

2019

Historical data

2016 - 2019

Forecast period

2020 - 2027

Quantitative units

Volume in kilotons, revenue in USD million/billion, and CAGR from 2020 to 2027

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors and trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country Scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; China; India; Japan; South Korea; Brazil; Argentina; GCC Countries; South Africa

Key companies profiled

AArbor International Corp.; American Elements; Apollo Colors Inc.; Aralon Color GmbH; BASF SE; Clariant Ltd.; Decorative Color & Chemical, Inc.; Ferro Corporation; Flint Group; Heubach GmbH; Kama Pigments; Organic Dyes and Pigments; Reitech Corp.; Sun Chemical; Trust Chem Co., Ltd.; Sudarshan Chemical Industries Ltd.; Pidilite Industries Ltd.; Aum Farbenchem (India) Pvt. Ltd.; DyStar Singapore Pte. Ltd.; Solvay SA; PolyOne Corp.; Altana AG; Achitex Minerva S.p.A.; Heidelberger Druckmaschinen AG; Habich GmbH; Synthesia, A.S.

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global pigment dispersion market report on the basis of product, application, and region:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

    • Inorganic

      • Calcium Carbonate

      • Titanium Dioxide

      • Iron Oxide

      • Carbon & Vegetable Black

      • Ultramarine Blue

      • Chrome Green

    • Organic

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

    • Plastics

      • Packaging

        • Plastic Food Packaging

        • Other Non-Food Packaging

      • Others

    • Inks

    • Coatings

      • Paper & Paper Board Coatings

      • Other Coatings

    • Others

      • Rubber

        • Silicone

          • LSR

          • HTV

          • RTV

        • EPDM

        • Polyurethane

        • Others

      • Epoxy

      • Adhesives

      • Sealants

      • Phthalate-free PVC Masterbatch

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • GCC Countries

      • South Africa

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