Pigment Dispersion Market Analysis
According to Market Research Future's new study, the pigment dispersion market is expected to develop at a strong CAGR from 2017 to 2023. (MRFR). Simply described, pigment dispersion is a chemical utilised in polymers, coatings, paints, and printing inks. It's used in a variety of industries, including printing, furniture, aircraft, automobiles, and construction.
The worldwide pigment dispersion market is growing due to several factors. According to the new MRFR report, such factors include a booming automotive sector, manufacturers shifting their focus to paints that are resistant to leaves, bird droppings, detergent washes, and acid for vehicles, and increasing use in the construction sector, rising per capita disposable income in emerging and developed economies, increasing urbanisation, growing demand for UV protection coatings for aircraft carriers, increasing refineries, and burgeoning demand for burgeoning demand for burgeoning demand for burgeoning demand for burgeoning
On the other hand, strict regulations and growing environmental concerns about the hazardous effects of chemicals utilised may hamper the worldwide pigment dispersion market's expansion over the projection period.
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Covid-19 Analysis on Pigment Dispersion Market/Covid-19 ABC Market Analysis
The COVID-19 pandemic has impacted several industries negatively, including the pigment dispersion market. Pigment dispersion makers stare at the lost summer with the lockdown social distancing to contain the virus hurts demand, thus offsetting the perk of affordable crude-linked raw materials. But there is some ray of home as the pigment dispersion market is showing pragmatism and solidarity during the times of need. Several manufacturers and raw material suppliers are supporting measurements actively to fight the outbreak.
Pigment Dispersion Market Segmentation
The MRFR report offers an inclusive segmental analysis of the report based on the type and end use industry.
By type, the global Pigment Dispersion Market Share is segmented into the solvent, water, and others.
By end use industry, the global pigment dispersion market is segmented into printing, furniture, aerospace, automobile, construction, and others.
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Regional Analysis
Based on the region, the global pigment dispersion market report covers the recent trends growth opportunities across North America, Europe, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, North America will have the lions share in the market over the forecast period for the booming defines and aerospace sector, presence of several oil and gas reserves in the region, use of pigment dispersion to protect industrial machinery, and booming tourism and travel sector in Kuwait, Iran, Saudi Arabia, the UAE, and Iraq.
The global pigment dispersion market in Europe is predicted to have healthy growth over the forecast period for consumers growing purchasing power and rising expenditure in innovation in Russia, France, the UK, Spain, Germany, and Italy.
Key Players
Leading players profiled in the global pigment dispersion market report include Dunn-Edwards Corporation (U.S.), Kelly-Moore Paints (U.S.), Tikkurila Oyj (Finland), RPM International Inc. (U.S.), Clariant (Switzerland), Akzo Nobel N.V. (the Netherlands), The Sherwin-Williams Company (U.S.), PPG Industries, Inc. (U.S.), and BASF SE (Germany).
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