Pigment Dispersion Market 2030: What Will Be Changes In Investment Ratio With Opportunity Analysis??

Posted by Mrudula Anil Karmarkar on May 23rd, 2023

The global pigment dispersion market size is expected to reach USD 33.43 billion by 2030, according to a new report by Grand View Research, Inc., advancing at a CAGR of 4.3% during the forecast period. The demand for colored packaging material is rapidly expanding, as it plays an important role in product presentation along with influencing the buying behavior of consumers at the point of sales. As a result, the demand for pigments in packaging is projected to increase during the forecast period.

Pigment dispersions and dyes are used in printing inks for printing texts, images, and designs on clothes, packaging labels, and others. Recent developments in digital printing including creasing, digital carton cutting, and other completion technologies are contributing to the increased potential for pigment dispersion in printing applications. Digital printing is used in various types of packaging such as corrugated packaging, flexible packaging, and folding cartons, which are experiencing growth trends and are anticipated to eventually drive the demand for pigment dispersion during the forecast period.

Various paper, plastic, and paperboard materials are used based on their applications in food packaging. Foods such as breakfast cereals require multi-layer packaging to keep the product crisp throughout its shelf life. The exposure of food items to oxygen leads to oxidation and, in turn, results in food spoilage. Polyethylene is combined with paperboard, which acts as a barrier to oxygen and prevents the oxidation of food products. In addition to maintaining the freshness of food items, the attractive appearance of packaging is another challenge for food manufacturers. Colors play a major role in forming attractive packaging. Pigments that suit a wide array of plastic and paperboard materials as well as impart an attractive color are witnessing growth in demand.

The steady growth in the packaging industry, in terms of both food and non-food packaging and printing of labels, is expected to drive the demand for pigment dispersions during the forecast period. The changing consumer buying behavior associated with attractive packaging colors is expected to drive the demand for pigment dispersions over the forecast period. With the increasing use of plastics, papers, and paperboards for packaging applications, pigments find growth opportunities in packaging industry.

Polyethylene terephthalate (PET), polypropylene (PP), and polystyrene (PS) are the most preferred polymers in the single-service food packaging segment. Factors such as the increasing use of plastic and paper & paperboard materials and the use of various colorants to make attractive packaging are expected to drive the overall pigments demand.

Organic pigments are an alternative to some of the toxic inorganic pigments. However, organic pigments are more expensive and some pigments that exhibit superior properties are limited. Manufacturers are investing in research & development activities to replace metals in the manufacture of red and yellow synthetic pigments in order to produce environment-friendly synthetic pigments.

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Titanium dioxide is the most widely used inorganic pigment on account of its non-toxic content, chemical stability, and versatile properties for use in plastic and paper & paperboard food packaging. Zinc oxide is a synthetically produced pigment and is considered to have a lesser toxic effect on humans. Currently, titanium dioxide, iron oxide, and zinc oxide account for the maximum share of the global pigment demand for plastic and paper & paperboard food packaging applications.

Pigment Dispersion Market Report Highlights

• The pigment dispersion industry revenue was USD 23.96 billion in 2022 and is estimated to grow at a CAGR of 4.3% from 2023 to 2030. The inorganic pigment product segment accounted for the highest market share in 2022
• Inorganic pigment dispersion is more economical than organic pigment dispersion and offers easier dispersion properties on various substrates, owing to its smaller particle size as compared with organic pigment dispersion
• The coatings segment was the largest application segment in 2022. With the growing appeal of green building construction, organic pigments used in coatings are anticipated to witness considerable growth in demand
• The inks segment is expected to emerge as the fastest-growing application segment, owing to the increasing demand for pigment dispersion ink which provides better coloring to the printing ink when compared to dyes used in printing inks
• As of 2022, Asia Pacific accounted for more than 38.1% share of the overall market. China emerged as the largest market for pigment dispersion in the Asia Pacific and is projected to dominate the region during the forecast period

The inorganic product segment led the market and accounted for more than 57.5% share of the global revenue in 2022. Inorganic pigment dispersion is derived from inorganic compounds such as chromates, sulfates, and metal oxides by various chemical formulations. Inorganic pigment dispersion is used in various applications, including plastics, paints & coatings, and printing inks, among others.

Inorganic pigment dispersion is generally lighter than organic pigment dispersion; however, in applications demanding higher durability, inorganic pigment dispersion is preferred over organic pigment dispersion. Unlike inorganic pigment dispersion, organic pigment dispersion may fade away when continuously exposed to sunlight.

List Of Key Players in Pigment Dispersion Market

• AArbor Colorants Corporation
• American Element
• 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