The global market is anticipated to reach US$ 13.5 billion in 2022 and show a 7.6% CAGR in value between 2022 and 2032. Furthermore, Fact.MR, a provider of market research and competitive intelligence, projects that by the end of 2032, the pigment emulsion market will be worth US$ 28.3 billion, thanks to factors like rising demand for pigment emulsions from sectors like paints and coatings, textiles, plastic, and paper.
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The demand for paint industry raw materials including pigments and pigment emulsions has been increasing due to the need for paints and coatings for infrastructure development, particularly in emerging nations.
Both at the small/local level and the global level, the market is highly fragmented. To fulfill the rising demand for pigment emulsions from diverse industries, large-scale pigment emulsion producers are consistently investing in the research and development of new products and expanding their production facilities through acquisitions.
- For example, BASF Colors and Effects (global pigments business) was acquired by Sun Chemical, a subsidiary of DIC Corporation. The acquisition helped Sun Chemicals develop a diverse assortment of technologies, products, value chains, and customer service, globally.
Why is the Market Seeing a High Escalation in the Sales of Pigment Emulsions?
“Pigment Emulsion Usage High in Paints & Coatings and Textiles”
In many industrial applications, pigment emulsions are utilized to achieve desired qualities including permanence and stability. Market participants have noticed a significant increase in demand from Asia-Pacific growing economies including China and India.
Paint is made consisting of a pigment, a binder, and a solvent. Despite making up a minor portion of the world’s $4.5 trillion chemicals market as raw materials, paint and coating pigments remain crucial. One of the most crucial components of paints, varnishes, and inks is high-quality pigments and emulsions.
Key Segments Covered in the Pigment Emulsion Industry Survey
- Pigment Emulsion Market by Source :
- Organic Pigment Emulsions
- Inorganic Pigment Emulsions
- Pigment Emulsion Market by Type :
- Water in Oil
- Oil in Water
- Pigment Emulsion Market by Color :
- Standard Colors
- Custom Colors
- Pigment Emulsion Market by End Use :
- Paint & Coatings
- Textiles
- Plastic
- Paper
- Leather
Region-Wise Analysis
Why Does Asia Pacific Account for the Most Consumption of Pigment Emulsions?
High demand for pigment emulsions is probably driven by the economies of the Asia Pacific, specifically those of India, South Korea, Japan, and China. We can see the transition occurring in the paint business from solvent-based pigment emulsions to water-based pigment emulsions.
East Asia’s pigment emulsion market is the largest in the world in terms of value. The demand for pigment emulsions in the area is anticipated to increase by 2X by 2032. Furthermore, with a CAGR of 7.2% during the forecast period, China will continue to be the main development engine.
Competitive Landscape
DIC Corporation, Kiri Industries Ltd (Dystar), Sudarshan Chemicals Industries, Huebach GmbH, Pidilite Industries Ltd., Jupiter Dyes Pvt. Ltd., Camex Limited, Vipul Organics Limited, Kemcol Product, Kevin dyes and chemical Pvt ltd, Worldtex Specialty Chemicals, Kanshu Chemical Industries, Emco Dyestuff are major manufacturers of pigment emulsions.
Fact.MR has provided detailed information about the overall strategies adopted by players in the pigment emulsion market, along with their detailed overviews of sales analysis of pigment emulsions, top pigment emulsion manufacturers, top organic/inorganic emulsions, including SWOT analysis and sales generated from target pigment emulsion products of the top pigment emulsion manufacturers positioned across geographies.
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Key players in the Pigment Emulsion Market
- DIC Corporation
- Kiri Industries Ltd (Dystar)
- Sudarshan Chemicals Industries
- Huebach GmbH Composites
- Pidilite Industries Ltd
- Jupiter Dyes Pvt. Ltd
- Camex Limited
- Vipul Organics Limited
- Kemcol Product
Category-Wise Analysis
Why is Pigment Emulsion Application in Paints So High?
Paints used primarily in the building industry are architectural and ornamental coatings. Out of all the end-use industries, the paints industry consumes the most pigment emulsions. Pigment emulsions, which are created by combining pigments and solvents, make up more than 30% of the various types of paints.
The need for numerous raw materials, including pigment emulsions, is being driven by the rapid construction of infrastructure in developing nations. One of the key factors driving the expansion of the pigment emulsion market is the rise in infrastructure and development projects, particularly in Asia Pacific. India and other developing nations are still in the stage where significant infrastructure development is needed to support companies and promote economic growth.
Key Takeaways from Pigment Emulsion Market Study
- By type, the water in oil segment is projected to provide an absolute $ opportunity worth US$ 9.4 billion over the forecast period.
- By color, custom colors account for 70.9% market share in 2022.
- Among the end uses, demand from the paints & coatings industry is anticipated to expand around 2.2X in market value by 2032.
- Organic pigment emulsions, as a source type, are poised to create an absolute $ opportunity worth US$ 15.6 billion by 2032.
- East Asia is set to hold around 33% of the global pigment emulsion market share by 2032.
- The South Asia & Oceania market is predicted to provide dollar opportunity worth US$ 3.6 billion by 2032-end.
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