Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
Pigment Dispersions Market Overview
The pigment dispersions market size is forecast to reach US$46.3 billion by 2027 after growing at a CAGR of 3.8% during the forecast period 2022-2027. Pigments are insoluble organic or inorganic particles used to impart color to various materials. Pigments should be properly dispersed and stabilized well in the formulations to assure consistent color, quality, and durability. Pigment dispersion comprises three main steps pigment wetting, deagglomeration, and stabilization. The dispersion of calcium carbonate is preferably made by milling calcium carbonate mineral, for instance limestone, chalk whiting or, preferably marble in water containing a dispersing agent. Pigment color development is dependent on dispersibility. Surfactants or surface-active agents can adsorb onto the surface of pigment particles and stabilize the dispersion. Therefore, proper selection of wetting and dispersing agents is critical to obtain a stable formula. Rising demand for organic pigments acts as a driver for the pigment dispersions market.
The COVID-19 pandemic had economic repercussions impacting every sphere of life. Two common issues plaguing every industry are the availability of raw materials and supply chain disruptions. This has also severely impacted the overall paints and coatings market. The core industries, construction industry, and automobile industries that utilize paints and coatings heavily have been impacted owing to shortages of labor, raising safety concerns, and government-imposed lockdowns led to the closing down of manufacturing plants. However, during the lockdown consumers have taken up DIY projects utilizing paints. According to a DIY survey in the US, 60% of respondents said they started a new home DIY project in April 2020 and home improvement purchases grew from 55% in March 2020 to over 80% by April. The top product being searched for home improvement online is paint, up 700% from March to April. Hence, the DIY sector helped boost the paint and coatings market and thereby impacted the pigment dispersions market.
Pigment Dispersions Market Segment Analysis – By Formulation
The water-based segment held the largest share in the pigment dispersions market up to 60% in 2021. The dispersion process includes pigment wetting, dispersing, and stabilizing of solid particles in the system and influences several properties such as color strength, transparency, gloss, stability, etc. Solvent characteristics largely contribute to easing pigment wetting as well as the required stabilization mechanism. For instance, inorganic pigments show high surface tension and are easily wetted by water but organic pigments are problematic and therefore require a surfactant to help facilitate wetting. Water-based pigment dispersions are used in applications that require opacity, light stability, and thermal stability. Water-based pigment dispersions are used in industrial coatings, latex products, non-woven textiles, architectural coatings, and construction lumber coatings. Water-based dispersion systems are low VOC (Volatile Organic Compound) based. The US Environmental Protection Agency (EPA) reports that VOCs often cause eye, nose, and throat irritation, nausea, and can also damage the liver, kidney, and central nervous system. The EPA regulates VOCs on the national level. In the European Union, the Paints Directive sets out maximum VOC content limit values for paints and coatings in certain applications. Due to these stringent regulations, the water-based dispersion system is set to dominate the pigment dispersions market.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=510193
Report Price: $ 5900(Single User License)
Pigment Dispersions Market Segment Analysis – By Applications
The coatings segment held the largest share in the pigment dispersions market up to 30% in 2021. Pigments are insoluble particles that impart color to coatings and other materials. Proper pigment and additive selection are vital to ensure the finished coating gives the required color. Without proper dispersion of pigments, the coating will not maintain the expected color standards. Coatings have myriad benefits on a wide variety of substrates. They provide protection from corrosion, extreme temperatures, chemicals, ultraviolet rays, moisture, microorganisms, etc. According to World Coatings Council, roofs with cool roof coatings can be as much as 100°F cooler than roofs covered with traditional, dark-colored roofing materials, demonstrating energy savings of as much as 10-70%. Thus, coatings are expected to dominate the pigment dispersions market during the forecast period.
Pigment Dispersions Market Segment Analysis – By Geography
The Asia-Pacific region held the largest share in the pigment dispersions market in 2021 up to 42% owing to the growing construction activities in the region. The demand for construction materials has been increasing across the globe particularly in the Asia-Pacific region, owing to the continuous rise in demand for housing. The Malaysian government to further encourage Malaysians to purchase their first home, in Budget 2021, proposed to waive the stamp duty on the instruments of transfer and loan agreements for the purchase of first residential homes up to 2025. In Japan, the construction of US$19 billion Chuo Shinkansen Maglev Rail Line is underway, with Phase 1 construction from Nagoya to Tokyo expected to be operational in 2027. China resorted to construction in 2020 to overcome the pandemic slump and implemented several projects and plans. Due to the active growth of construction, demand and prices for building materials increased. According to the State Committee for the development and reform of the People’s Republic of China, cement production in August 2021 increased by 6.6% in annual terms compared to July 2020. According to UNCTAD’s World Investment Report, in India robust investment in construction bolstered FDI inflows. Cross-border mergers and acquisitions surged 83% to US$27 billion, with major deals involving infrastructure. Therefore, with a boom in construction this region is forecasted to dominate the pigment dispersions market.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=510193
Pigment Dispersions Market Drivers
Rising Demand for Organic Pigments from the Cosmetic Industry
Organic pigments are based on carbon chains and rings which makes them highly stable. Organic pigments exhibit higher color strength and gloss. They are mainly obtained from natural and synthetic sources. Natural organic pigments are generally derived from plants or animals. For instance, anthocyanins can be derived from blue or purple fruits, betanin comes from beets, carotenoids from red or orange flowers and fruits, etc. The cosmetic industry uses a lot of pigments. Skincare products using natural colorants are taking the market by storm. Apart from providing a lovely tint, they also benefit the skin with ingredients such as beta-carotene or polyphenols. According to an article in The Times of India, on average, at least 83% of Gen Z are buying natural and organic skincare products. The market for organic cosmetics is expected to grow which will create a demand for natural organic pigments thereby driving the pigment dispersion market.
Demand for Packaging from the Food and Beverage Industry
While the demand for plastics has declined from the automotive sector due to the pandemic, there has been growth in the packaging industry. The increasing demand for packaging materials from the food and beverage industry is driving plastic consumption worldwide as plastic acts as a barrier between food and the environment thus minimizing food spoilage and contamination. Since the beginning of the pandemic consumers have become conscious about packaging in regard to health and safety. According to Avery Dennison Label and Packaging Materials, 74% of US consumers prefer to buy products with packaging that will protect the contents from contamination. Hence, single-use plastic has been gaining importance. A reason behind this is consumers are concerned that reusable packaging would increase the risk of infection. Colorants used in polymers in food packaging are required to comply with strict regulations and safety laws for food packaging applications. Therefore, the demand for packaging from the food and beverage industry drives the pigment dispersions market.
Pigment Dispersions Market Challenges
Stringent Regulations Imposed by Organizations and Certain Countries
Titanium dioxide is a naturally occurring mineral used as a bright white pigment for paints and coatings. In March 2020, the European Commission classified titanium dioxide) as a substance being carcinogenic by inhalation. Powdered titanium dioxide was labeled as a class 2 carcinogen. These new regulations are problematic, especially within the powder coating industry. The application of titanium as a white pigment in paint, coatings, and cosmetics is directly influenced by the new regulations and offers challenges for the industry. Lead chromate is an inorganic pigment used in paints and coatings. In October 2020, the Strategic Approach to International Chemicals Management (SAICM), whose secretariat is hosted by the United Nations Environment Programme (UNEP), has published a policy brief that discusses lead paint and called for its global elimination. Stringent regulations imposed by REACH and US EPA and a ban on the use of certain pigments in several countries might be a threat to the pigment dispersion market.
Pigment Dispersions Industry Outlook
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the pigment dispersions market. Pigment dispersions market top 10 companies are:
Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=510193
A. Dyes & Pigments Market- Forecast (2022-2027)
B. Organic Pigments Market- Forecast (2022-2027)
For more Chemicals and Materials Market reports, please click here
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.
Cumene Market Size Forecast to Reach $26.9 Billion by 2025
Instant Noodle Market Size Estimated to Reach $63.6 Billion by 2026
Liquid Feed Supplement Market Size Estimated to Reach $6.12 Billion by 2025
Craft Soda Market Size Forecast to Reach $711.3 Billion by 2025
Epoxy Curing Agents Market Size Forecast to Reach $4.3 Billion by 2026