Pigment Dispersants Market

Pigment Dispersants Market Size (2023-2028):

The Pigment Dispersants Market size was valued at US$ 42.3 billion in 2022 and is anticipated to grow to US$ 54.6 billion by 2028 and increase at a CAGR of 5.3% between 2023-2028

The paints and coatings sector is a vital component of civilization. Pigments are one of the most significant components in the paint and coatings business. Dispersing agents, also known as pigment dispersants, distribute and stabilize pigments in the formulation.

Pigment dispersants serve various purposes, including maintaining color strength, maintaining stable viscosity, maintaining gloss, preventing particle sedimentation, improving the stability of dispersed particles, and delivering the optimal pigment particle size. In addition, pigment dispersants are supposed to act in tandem with the formulation's other essential components. VOC concentrations in pigment dispersants for solvent-based systems are high (Volatile Organic Compound). However, with advancements in technology, specific pigment dispersants can now minimize VOC content while simultaneously improving rheology and viscosity and providing thermal stability.

Pigment Dispersants Market Drivers:

Manufacturers of pigment dispersants have responded to these policies by developing VOC-compliant pigment dispersants for water-based, high-solids-based, and 100% solids-based systems. These features assist pigment dispersants in these systems while creating a constraint for pigment dispersants in solvent-based systems.

Investments in R&D and innovation drive the market, and many businesses, such as Palsgaard A/S, have commercialized their unique vegetable-based pigment dispersants to ensure optimal pigment and other additive distribution. Monomeric pigment dispersants, Polymeric pigment dispersants [Homopolymers & Copolymers], and Polymeric pigment dispersants [Homopolymers & Copolymers] are used in the dispersion process. Polymeric pigment dispersants are often employed to improve the pigment's stability. This polymeric solution aids in the development of higher concentration and density levels in end-user paints and coatings. Compared to monomeric pigment dispersants, these polymeric dispersants provide improved dispersion outcomes for organic and inorganic pigments. Over the projection period, product demand is expected to be driven by growth in the packaging industry. In the single-serve food packaging segment, the most popular polymers are polyethylene terephthalate (PET), polypropylene (PP), and polystyrene (PS). In addition, product demand is predicted to be driven by the increased usage of plastic, paper & paperboard materials, and various colorants to create appealing packaging. Because of its non-toxic content, chemical stability, and diverse qualities for usage in plastic and paper & paperboard food packaging, titanium dioxide is the most extensively used inorganic pigment.

Zinc oxide is a pigment that is manufactured synthetically and is thought to be less hazardous to people. Therefore, these applications further lift the global pigment dispersants market during the forecast period.

Pigment Dispersants Market Restraints:

Environmental policies have a significant impact on the paints and coatings business. For example, policies like the European Commission's "Deco paint Directive" have impacted solvent-based systems because of their high VOC content. On the other hand, organic products are more expensive, and the number of products with excellent characteristics is restricted.

PIGMENT DISPERSANTS MARKET REPORT COVERAGE:

Market Segmentation:

Pigment Dispersants Market By Pigment Type:

• Organic

• Inorganic

The pigment is frequently made up of several different materials with varying chemical ratios, resulting in organic or inorganic pigment dispersants. Inorganic pigment dispersants have been in higher demand on the market till now. Because of their endurance and outstanding tint quality, inorganic pigment dispersants are now again in high order. In addition, the titanium oxide content of these inorganic pigment dispersants is high. Regardless of potential adverse effects, these inorganic pigment dispersants have higher brightness and are longer-lasting, making them the most popular on the market. It is often lighter than organic pigment dispersion; nonetheless, inorganic goods are chosen for more great endurance applications. In addition, organic materials, unlike artificial items, may fade over time if exposed to sunshine.

Furthermore, inorganic pigment dispersion is less expensive than organic pigment dispersion and has better dispersion capabilities on many substrates due to its smaller particle size than organic pigment dispersion. Inorganic pigment dispersion commonly includes titanium dioxide and iron oxide. Organic pigments are transparent due to their large particle size and are made of carbon chains and rings. Organic colors include azo, phthalocyanine, lake, and quinacridone pigments, among others. Organic pigments have a far higher color strength than inorganic pigments; yet, the organic product segment's expansion is stifled by expensive pricing and limited dispersion capabilities. Printing inks, paints and coatings, rubber, and plastics all use organic pigments.

Pigment Dispersants Market By Dispersion Type:

• Paints & Coatings

• Inks

• Plastics

Based on dispersion type, paints & coatings tends to hold a significant market share in the upcoming years. Over the projected period, the rising building and construction sector, owing to infrastructure expansion in several nations such as the United States, China, India, and Saudi Arabia, is likely to drive product demand. On the other hand, plastics are expected to hold the highest CAGR in the global pigment dispersants market. Over the projected period, rising plastic usage in different end-use industries such as construction, automotive, medical devices, and electrical and electronics is likely to fuel demand for pigment dispersion. For example, plastics are utilized in flooring, high-performance safety windows, insulation materials, storage tanks, roofing, pipelines, domes/skylights, cables, and doors in the building industry. Such a changing market offers moderate room for expansion.

Pigment Dispersants Market By End User:

• Building & Construction

• Automotive

• Printing and Packaging

• others

Pigment dispersants are used in various applications, including automotive coatings, industrial coatings, printing, and packaging. The printing and packaging business accounts for a significant portion of the market.

Colors with high-density gloss or mattified effects in paper, plastic, and garment printing are highly demanded. The printing and packaging area has experienced rapid expansion due to the food and beverage industry's desire for high-quality color packaging. Along with printing and packaging, the global market for automotive coatings is growing due to increased demand for protection and ornamental purposes.

Pigment Dispersants Market Regional Analysis: 

The Pigment Dispersants Market Report includes the segmentation of Regions:

• North America

• Europe 

• Asia Pacific

• Latin America

• Middle East and Africa 

Impact of COVID-19 on the Pigment Dispersants Market:

During the early stage of 2020, COVID-19 has been in contact with most of people and has spread to several people, due to which, the government has taken a sudden decision of imposing a lockdown. Moreover, the pigment dispersants never experienced a significant loss in sales since most of the population deviates from their decision to purchase a new house for which the dispersants act as a considerable part. As a result, the market can have a positive impact during a pandemic.

Recent Developments in the Pigment Dispersants Market:

• On 15th October 2019 – Dispex Ultra PX 4290, a new high molecular weight dispersion agent from BASF, has exceptional pigment stabilization, excellent color strength, and stunning viscosity reduction properties. Higher pigment loadings are possible with Dispex Ultra PX 4290 while preserving excellent flow characteristics. Improved gloss, anti-flooding behavior, and good flocculation stability are vital highlights.

• Clariant decides to increase the bar for sustainable coatings solutions with upcoming additives, pigments, and dispersants. Clariant further added that it is rising to the challenge and providing the industry with a broad portfolio of more sustainable additives and coatings solutions as they step into the new decade. The environment will be a greater emphasis for businesses and consumers worldwide.

Pigment Dispersants Market Key Players:

The companies covered in the report include:

1. Clariant

2. BASF

3. DIC Corporation

4. Sudarshan Chemical

5. Chromaflo

6. Cabot Corporation

7. Heubach GmbH

8. Penn Color

9. Pidilite

10. Sherwin-Williams