Water-Based Pigments Market Size, Share, Trends, Growth 2032

Water-Based Pigments Market Insights

According to a report from Zion Market Research, the global Water-Based Pigments Market was valued at USD 14.83 Billion in 2023 and is projected to hit USD 27.61 Billion by 2032, with a compound annual growth rate (CAGR) of 6.4% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Water-Based Pigments Market industry over the next decade.

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Water-based Pigments Market: Overview

Water-based pigments are utilized in paints & coatings in place of dyes due to its beneficial features including opacity, thermal stability, and light stability. Apparently, pigments are the major coating ingredients and impart color & opacity to paints. Moreover, water-based pigments find slew of applications in maintenance & protective coatings, plastics, architectural paints, sealants, automotive finishes, and printing inks. These compounds are used in paints due to its low volatile organic contents resulting in reduced carbon emissions. They are also utilized in textile printing.

Water-based Pigments Market: Growth Drivers

Massive environmental concerns and strict laws related to GHG emissions has resulted in high product demand in paints & coatings industry, thereby steering water-based pigments market trends. In addition to this, rampant demand for pigments free from VOC contents by players in the paints & coatings sector will enhance the product popularity in the upcoming years. With firms focusing on producing green & eco-friendly products with a view to protect the environment from greenhouse effects,  the demand for water-based pigments is likely to accelerate in the coming decade.

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Breakthroughs in ink industry has culminated into large-scale production of waterborne inks that finds plethora of uses in printing materials, packaging, and textiles. This has led to escalating product penetration across specialty chemicals & chemicals sector across the globe, thereby expanding the market scope. Surging use of waterborne coatings in automotive & plastics sectors will open new growth dimensions for water-based pigments industry during the forecast timeframe. Nevertheless, raw material cost fluctuations can cause the market exhibit slow growth during different intervals of forecast period. However, beneficial features such as immense chromatic effects & enhanced optimal clarity provided by waterborne coatings is likely to drive the market size.

Water-Based Pigments Market: Report Scope

European Market To Expand Leaps & Bounds Over 2024-2032

The remarkable regional market growth over 2024-2032 can be credited to strict legislations passed by EU for reducing the use of volatile organic compounds in paints & coatings or inks to reduce health hazards. Massive popularity and use of water-based pigments in Italy, Austria, Hungary, Portugal, France, and Spain will pave a way for tremendous growth of the business in the continent over the forthcoming years. Growing preference for eco-friendly compounds in countries such as Germany along with large-scale use of water-based pigments in decorative coatings will proliferate the market growth in Europe over the forecasting years. Presence of reputed producers such as LANXESS and Clariant AG in the continent will promulgate the regional market scope over the coming decade.

Water-Based Pigments Market Key Players

• Northwest Dispersions
• LANXESS
• Chromatech Incorporated
• Huntsman Corporation
• Proquimac
• Clariant AG.

The global Water-Based Pigments Market is segmented as follows:

 By Product   

• Organic
• Inorganic

By End-Use

• Paints & Coatings
• Printing Inks

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa