GRAND VIEW RESEARCH: US PIGMENT DISPERSION MARKET TO GROW AT 4.6% CAGR 2018-2025.
The US pigment dispersion market size was valued at $4.76 billion in 2016 and is slated to exhibit a revenue-based CAGR of 4.6% during the forecast period, according to Grand View Research. Pigment dispersion is a method used to impart color to various substrates in the automotive, building and construction, and packaging industries. Expansion of the paints and coatings industry is expected to present significant growth opportunities for pigment manufacturers. On the down side, raw material unavailability and strict environment regulations are expected to challenge market growth.
Demand for pigment dispersion is driven by several factors, such as increased use of colored packaging materials for food packaging, consumer preference for thermal barrier coatings in residential construction, and rising use of automotive coatings.
Colors play an important role in influencing the choice of a consumer while purchasing a food product. Brightly packaged food products are more likely to attract the attention of consumers in comparison to food products that come in plain packaging. Colors are also used by food processing manufacturers to differentiate their brands from competitors.
Organic pigments are fast emerging as an alternative to some of the more toxic inorganic ones, especially those containing mercury, cadmium, lead and hexavalent chromium metals. However, organic variants are expensive and not all exhibit properties superior to those exhibited by inorganic pigments.
The U.S. pigment dispersion market is segmented on the basis of type into organic and inorganic, with the latter further fragmented into calcium carbonate, titanium dioxide, iron oxide, carbon and vegetable black, ultramarine blue, and chrome green.
Carbon black is the most preferred inorganic black pigment. Other black pigments include iron oxide black and acetylene black. The ultramarine blue pigment is used to impart blue color and offers chemical and weathering resistance for plastic and paper materials.
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|Title Annotation:||market watch|
|Date:||Jul 1, 2018|
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