Overview:
The global market report on the Pigment Dispersion Market declared that the market is slated to gain substantially during the forecast period of 2023 to 2028. Market Research Future (MRFR) released studies covering various factors that can inspire growth in the coming years. Factors like funding for research and development to support the demand for eco-friendly products, rapid percolation across industries to ensure better service, support from several companies, and others are expected to play in favor of the market growth. In developing regions, this growth will leverage its position in rising industries.
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Segmentation:
The global study on the pigment dispersion market has been segmented by type and application. This segmentation fetches data that have been amply backed by a graph, chart, and other scientific approaches, which make the result more credible.
By type, the report on the pigment dispersion market has been segmented into a solvent, water, and others. The water segment is slated to gain substantially from the growing demand for eco-friendly products. However, sometimes these products are a bit costly than the solvent segment, which can be a market distractor.
By end use industry, the global study of the pigment dispersion market has been segmented on the basis of automobile, aerospace, construction, printing, furniture, and others. The printing segment is slated to profit much due to the rising demand for it in the inkjet production. In the automobile and aerospace segments, the market will gain substantial traction.
Regional Analysis:
Asia Pacific would take the global lead of the market and is expected to make sure that the market gets ample growth opportunities in burgeoning industries. In countries like China, South Korea, Thailand, Taiwan, Japan, India, and others, this growth would be substantial. This will be driven by the construction and automotive sectors.
Competitive Landscape:
The Sherwin-Williams Company (U.S.), BASF SE (Germany), PPG Industries, Inc. (U.S.), Clariant (Switzerland), Akzo Nobel N.V. (the Netherlands), Tikkurila Oyj (Finland), RPM International Inc. (U.S.), Dunn-Edwards Corporation (U.S.), Kelly-Moore Paints (U.S.), KANSAI PAINT CO., LTD (Japan), and others are some of the major companies taking responsibilities in boosting the global market ahead. These companies impact the strategic shifts in the market to ensure better growth for themselves. These moves mostly include methods like merger, acquisition, a fund for the research and development sector, collaboration, and others. MRFR recorded these moves to get a better view of how trends are impacting the market.
Industry News:
In July 2020, Agfa announced that they are planning to invest in a new facility that will help them in meeting the constantly rising global need. The new facility would ensure heightened production of water-based inks for its inkjet production. The new facility will be at Agfa’s headquarters in Mortsel, Belgium. The company is known for its use of pigment dispersion in its water-based inkjet products, which will give the Pigment Dispersion Market a needed boost.
In June 2020, Clariant announced the launching of their new Hostaint SI pigment dispersion products that have been engineered for exact color matching that has reduced the time and costs needed for batch-to-batch reformulations. This will directly help the formulators who work on automotive, industrial, maintenance and other sectors that demand protective coatings.
During the COVID-19 crisis, the halt in the manufacturing sector curbed the intake of the product resulting in the growth of the market. In fact, several countries stopped shipping their products, which affected the market. However, countries are lifting bans, which is a good sign for the market in terms of progress.
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