The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The pigment dispersion market size has witnessed robust growth in recent years. With the market valued at $40.12 billion in 2023, it is expected to reach $43.06 billion in 2024, showcasing a Compound Annual Growth Rate (CAGR) of 7.3%. This growth is attributed to several factors:

• Growth in printing and packaging industries
• Demand for vibrant and durable colors
• Expansion of automotive and construction sectors
• Development of high-performance pigments
• Increasing applications in paints and coatings

Looking into the Future
The trajectory of the pigment dispersion market continues to soar, with forecasts predicting a surge to $57.02 billion by 2028, maintaining the same CAGR of 7.3%. Anticipated factors driving this growth include:

• Sustainable and eco-friendly pigment dispersions
• Growth in digital textile printing
• Expansion in food and cosmetics colorants
• Customized pigment dispersion solutions
• Demand for high-opacity and UV-resistant pigments

Emerging Trends
In the forecast period, several trends are expected to shape the pigment dispersion market:

• Bio-based and natural pigment dispersions
• Nanopigments for enhanced coloration
• Regulatory compliance in pigment safety
• Smart and color-changing pigments
• Pigment dispersion for security and anti-counterfeiting
• Personalized and on-demand color solutions

Rising Wood Demand Fuels Growth In The Pigment Dispersion Market

The growing demand for wood serves as a significant driver for the pigment dispersion market:

• Wood serves as a versatile material widely used in various industries.
• Pigment dispersions are crucial in staining or coloring wood surfaces.
• Recent data from the Natural Resources Institute in Finland highlights a significant rise in wood demand.

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Innovation In Biobased Pigment Dispersions
Major companies are innovating in the pigment dispersion sector, introducing biobased products:

• Biobased pigment dispersions derive dispersing mediums from renewable sources.
• P2 Science Inc. introduced Citrosperse, a range of biobased pigment dispersions, enhancing color intensity.
• These innovations cater to the growing demand for eco-friendly solutions.

DIC Corporation Expands Pigment Business With BASF SE Acquisition
In June 2021, DIC Corporation made a significant move in expanding its pigment business:

• The acquisition of BASF SE’s pigment business broadens DIC’s global footprint.
• BASF SE is renowned for its pigment dispersions, adding to DIC’s diverse portfolio.
• This strategic move enhances DIC’s capabilities across various sectors.

Segmentation of the Pigment Dispersion Market
The pigment dispersion market is segmented based on various factors:

1. By Pigment Type:
   • Organic Pigments
   • Inorganic Pigments
2. By Dispersion Type:
   • Water-Based Dispersions
   • Solvent-Based Dispersions
3. By Industry Vertical:
   • Chemical and Petrochemical
   • Oil and Gas
   • Energy and Power
   • Automotive
   • Food And Beverages
   • Healthcare
   • Other Industry Verticals

Regional Insights
Asia-Pacific emerged as the largest region in the pigment dispersion market in 2023:

• The region is expected to witness the fastest growth, reflecting evolving industrial landscapes.
• The vibrant economies of Asia-Pacific drive significant demand for pigment dispersions.

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The Pigment Dispersion Global Market Report 2024  provides an overview of the pigment dispersion market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The pigment dispersion market forecast analyzes pigment dispersion market size, pigment dispersion market share, leading competitor and their market positions.

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