Pigment Dispersion Industry Overview
The global pigment dispersion market size was valued at USD 23.1 billion in 2021 and is anticipated to reach USD 33.4 billion by 2030, expecting to grow at a compound annual growth rate (CAGR) of 4.3% during forecast period.
The steady growth in the packaging industry, in terms of both food and non-food packaging and printing of labels, is expected to drive the demand for pigment dispersions during the forecast period.
Gather more insights about the market drivers, restrains and growth of the Global Pigment Dispersion Market
Polyethylene terephthalate (PET), polypropylene (PP), and polystyrene (PS) are the most preferred polymers in the single-service food packaging segment. Factors such as the increasing use of plastic and paper & paperboard materials and the use of various colorants to make attractive packaging are expected to drive the overall pigments demand.
Organic pigments are an alternative to some of the toxic inorganic pigments. However, organic pigments are more expensive and some pigments that exhibit superior properties are limited. Manufacturers are investing in research & development activities to replace metals in the manufacture of red and yellow synthetic pigments in order to produce environment-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 a lesser toxic effect on humans. Currently, titanium dioxide, iron oxide, and zinc oxide account for the maximum share of the global pigment demand for plastic and paper & paperboard food packaging applications.
Pigment Dispersion Market Segmentation
Based on the Product Insights, the market is segmented into inorganic pigments and organic pigments
Based on the Application Insights, the market is segmented into plastics, inks, coatings and others
Based on the Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa
Market Share Insights:
Key Companies Profile:
The global market for pigment dispersion is fragmented in nature and major players are engaged in product development, strategic partnerships, mergers & acquisitions, and joint ventures to vertically integrate across the value chain, reducing the operational cost to have more profit margins.
The major companies operating in the global pigment dispersion market include
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