According to a new market research report published by sheer analytics and insights, “The Global Pigment Dispersion Market was valued at $45.2 Billion in 2020. Growing at a high CAGR of more than 3.4% between 2021 and 2031, it is estimated to reach $65.8 Billion by 2031, as per the latest market research report titled Global Pigment Dispersion Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
Pigment Dispersion is the type of suspension of insoluble solid particles that can dissolve either in organic solvent or water. The particle plays a significant role in determining lacquers' end properties, paints, or printing inks. The increasing number of the packaging industry is anticipated to propel product demand over the forecast period. Polypropylene (PP), Polystyrene (PS), and Polyethylene Terephthalate (PET) are the preferred polymers in the single-service food packaging segment. Increasing the use of paper & paperboard materials, plastic, and different colorants to make attractive packaging is a significant factor in driving the market growth. Generally, Organic pigments are the substitute for some toxic inorganic pigments.
However, in this current pandemic of COVID-19, the Pigment Dispersion market is affected much. It changes the growth rate graph slightly in the Pigment Dispersion market. But it has been expected that after the pandemic situation, the global Pigment Dispersion market will reach a high position in the graph. Apart from that, the Pigment Dispersion sector's rising across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Pigment Dispersion Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include AArbor International Corporation, American Elements, Apollo Colors Inc., Aralon Color GmbH, BASF SE, Clariant Ltd., Decorative Color & Chemical, Inc., Ferro Corporation, Flint Group, Heubach GmbH, Kama Pigments, Organic Dyes and Pigments, Reitech Corporation, Sun Chemical, and Trust Chem Co., Ltd. among others.
The Global Pigment Dispersion Market Has Been Segmented into:
Global Pigment Dispersion Market: By Product
Global Pigment Dispersion Market: By Application
Global Pigment Dispersion Market: By Region