The global organic pigment dispersions market size was estimated to be worth USD 0.37 billion in 2020. The market valuation is expected to rise from USD 0.39 billion in 2021 to USD 0.53 billion in 2028 at a CAGR of 4.3% over the projected timeline. Growing environmental concerns are driving the product demand across industries. The rising demand for sustainable dispersions across applications, such as paints, coatings, and inks, will propel the market forward, states Fortune Business Insights™ in its report titled “Organic Pigment Dispersions Market, 2021-2028”.      

Source: https://www.fortunebusinessinsights.com/organic-pigment-dispersions-market-106709

Pigment dispersions are dry pigments dispersed in a liquid. These dispersions are alternatively known as color concentrates, colorants, or pigment preparations. They are stabilized with the help of additives such as resins and surfactants to prevent the formation of lumps, or re-agglomeration. These dispersions contain high concentrations of pigment and are thus used as colorants across industries. 

COVID-19 Impact

Supply Chain Problems and Trade Restrictions Restricted Market Growth amid Pandemic   

Slowdown of the paints & coatings sector during the COVID-19 pandemic has directly affected the organic pigment dispersions market growth. Disruptions caused by the pandemic, including lockdown restrictions, supply chain uncertainty, and workforce shortage negatively impacted paints & coatings production. Demand was also hampered by lower demand across automotive, construction, and other key industry verticals. However, recovery of these industries with the gradual ease of containment measures will help the market recover in the forthcoming years. 

Segments

Application and Region are Studied

On the basis of application, the market is segmented into coatings, printing inks, plastic, and others. 

In terms of geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. 

Report Coverage

The report offers: 

• Major growth drivers, restraints, opportunities, and potential challenges for the market.
• Comprehensive insights into the global as well as regional developments.
• List of key industry players.
• Major strategies adopted by the market players.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions. 

Drivers & Restraints

Heavy Consumption in Printing Inks to Accelerate Market Growth 

The market growth is driven by heavy consumption in printing inks. Over 50% of dispersions are used in the production of printing inks. Consequently, high demand for printing inks across various sectors is creating substantial opportunities for the market players worldwide. These inks are widely used in intaglio printings, flexographic, typographic and lithographic prints, screen printing, and other printing techniques.