Global Pigment Dispersion Market: Automotive Sector Majorly Propelling the Market Growth
According to a new report published by Reports Monitor titled, “Global Pigment Dispersion Market, Growth Opportunities, Innovations, and Forecast, 2017-2025,” the Pigment Dispersion Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Pigment dispersions are widely used in the plastics and coatings industries in applications ranging from thermoset and fiberglass reinforced plastics, to paints, caulks and adhesives, to can coatings, and much more. The dispersion market is highly diverse; hence it needs to be customized according to the specific applications.
Increased demand for coatings owing to the excellent properties possessed such as resistance to acid, alkali, detergent in chemical plants and growing demand for UV based coatings in aircraft majorly drives the market growth. Adoption of emerging technology such as nanotechnology in pigment dispersion also plays a crucial role. Increased expansion in the automotive sector with adoption of paints which are resistant to acids and detergent washes have also contributed in raising the market growth. However, the adverse environmental effect due to the toxic elements in the pigment dispersion may result in hindering the market growth.
This report provides a detailed analysis of Pigment Dispersion market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources and with bottom-up and top-down approaches.
The pigment dispersion market is majorly segmented on the basis of types and applications. Based on the type, market is bifurcated into: water, solvent and others, while on the basis of applications, market is segmented into: construction, automobile, aerospace, and others.
North America is anticipated to dominate the market in the forecast period owing to the increased adoption of pigments and dispersion in the offshore and onshore activities supported by the innovation in the field. The European market is expected achieve a steady growth due to the colossal demand for pigment dispersion in the automobile sector. Increased adoption of urban lifestyle has raised the demand for quality standard of living, hence propelling the growth of Asia Pacific. The market is studied across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).
The key players of global Pigment Dispersion market are: BASF SE (Germany), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Akzo Nobel N.V. (the Netherlands), Clariant (Switzerland), RPM International Inc. (U.S.), Tikkurila Oyj (Finland), KANSAI PAINT CO.,LTD (Japan), Kelly-Moore Paints (U.S.), and Dunn-Edwards Corporation (U.S.).
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