Research Nester has released a report titled “Pigment Dispersion Market: Global Demand Analysis & Opportunity Outlook 2030” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
In the year 2018, the exports of construction services around the world touched USD 104 Billion, according to the statistics by the World Trade Organization (WTO).
The statistics portray the growing trade of construction services, which is expected to significantly drive the demand for paints & coatings globally. The government of nations around the globe are increasingly focusing on developing smart cities by constructing skyscrapers and residential complexes. Moreover, with the surge in focus of making affordable homes available to all, the government of nations worldwide are increasingly investing in building these houses, which is also expected to raise the demand for paints & coatings, and in turn drive the growth of the global pigment dispersion market.
The global pigment dispersion market is anticipated to grow with a CAGR of 3.93% during the forecast period, i.e., 2021-2030. The market is projected to touch a revenue of USD 58530.6 Million by the end of 2030, up from a revenue of USD 39952.7 Million in the year 2020. The market is segmented by application into plastics, coatings, epoxy, adhesives, sealants, phthalate-free PVC masterbatch. By the end of 2030, the coatings segment, amongst all the other segments, is projected to garner the largest market revenue of USD 31610 Million by the end of 2030, up from USD 20318.9 Million in 2020.
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Based on region, the global pigment dispersion market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in the Asia Pacific garnered the largest market revenue of USD 15291.6 Million in the year 2020, and is further projected to touch USD 23515.3 Million by the end of 2030.
However, the stringent environmental regulations is one of the major factors anticipated to hinder the market growth.
This report also provides the existing competitive scenario of some of the key players of the global pigment dispersion market, which includes company profiling of BASF SE, Clariant AG, Cabot Corporation, Penn Color Inc., DIC Corporation, Pidilite Industries Ltd., Heubach GmbH, NAGASE & CO., LTD., The Lubrizol Corporation, Vivify Companies, Ferro Corporation, and others.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Pigment Dispersion Market: Global Demand Analysis & Opportunity Outlook 2030”, analyses the overall global pigment dispersion industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global pigment dispersion market in the near future.
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