Market Size in 2020 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 35.1 Billion | USD 45.7 Billion | 4.1% | 2020 |
FrequentlyAsked Questions
Expansion of pigment dispersion market over anticipated timeframe can be credited to rise in demand for paints & coatings in thriving construction sector. In addition to this, rise in demand for pigment dispersion in inks, textiles, decorative materials, thermoset composites, and industrial applications will steer industry size. Apparently, surge in preference of end-user industries towards manufacturing products having less impact on customer health will proliferate growth of pigment dispersion industry. Increase in use of various kinds of colorants in papers & paper boards as well as cardboards with a view of providing visually appealing & attractive packaging to end-users will expand scope of progression of pigment dispersion industry.
According to Zion market research report, the global Pigment Dispersion Market accrued earnings worth approximately 35.1 (USD Billion) in 2020 and is predicted to gain revenue of about 45.7(USD Billion) by 2028, is set to record a CAGR of nearly 4.1% over the period from 2021 to 2028.
Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to rise in number of erection of residential & commercial structures in countries such as India & China experiencing population explosion. In addition to this, growing customer preference towards effective & attractive packaging in different designs will inflate size of regional market over coming years. For the record, China and India are predicted to be key regional revenue contributors in coming years.
The key market participants include Clariant AG, BASF SE, DIC Corporation, Chromaflo Technologies Private Limited, Sudarshan Chemical Industries Limited, Heubach GmbH, Cabot Corporation, Penn Color, Inc., Sherwin-Williams Company, and Pidilite Industries Limited.
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