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Pigment Emulsion Market

Pigment Emulsion Market

Pigment Emulsion Market Analysis By Source (Organic, Inorganic), By Type (Water in Oil, Oil in Water), By Color (Standard Colors, Custom Colors), By End Use (Paint & Coatings, Textiles, Plastic, Paper & Leather Industry) - Global Forecast 2022 to 2032

Pigment Emulsion Market
FACT4409MR

Pigment Emulsion Market Outlook (2022-2032)

The global pigment emulsion market experienced year-on-year (YoY) growth of 1% to reach US$ 12.6 billion at the end of 2021. As per forecasts, sales of pigment emulsions are predicted to increase at 7.6% CAGR and reach a market valuation of US$ 28.3 billion by the end of 2032.

The custom colors segment grew 1.9% to end up at US$ 2.3 billion, while paints & coatings, as an end use, were up 1.3% to be valued at 1.7 billion in 2021.

Report Attributes

Details

Pigment Emulsion Market Size (2021A)

US$ 12.6 Billion

Estimated Market Value (2022E)

US$ 13.5 Billion

Forecasted Market Value (2032F)

US$ 28.3 Billion

Global Market Growth Rate (2022-2032)

CAGR 7.6%

North America Market Share (2021)

~17.9%

North America Growth Rate (2022-2032)

7% CAGR

U.S. Growth Rate (2022-2032)

6.8% CAGR

Market Share of Top 5 Companies

~22%

Key Companies Profiled

  • 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
  • Kevin Dyes & Chemicals Pvt ltd
  • Worldtex Specialty Chemicals
  • Kanshu Chemical Industries
  • Emco Dyestuff Pvt. Ltd

There are two forms of pigment emulsions: water in oil and oil in water. The fine dispersion of a pigment in an aqueous, solvent, or universal system is known as a pigment emulsion. This is employed in a variety of industrial applications to achieve the desired qualities, including permanence and stability.

Paints & coatings dominate the pigment emulsion market, and this dominance is expected to continue over the forecast period as well. Demand for high-performance pigment emulsions has increased across end-user sectors, and a desire for eco-friendly products will also drive pigment emulsion consumption.

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Pigment Emulsion Consumption Analysis (2017-2021) Vs. Market Outlook (2022-2032)

Latest market analysis by Fact.MR, a market research and competitive intelligence provider, suggests that the market value for pigment emulsions increased at a CAGR of around 2.2% during the last five years, with the market reaching US$ 12.6 billion at the end of 2021.

The current process of making pigments involves the usage of raw materials such as titanium dioxide, calcium carbonate, aerosol, etc., which are non-renewable sources in nature and also hazardous to the environment. The future demands shifting to renewable sources of energy. This will help countries preserve their natural resources that are limited in nature.

Bio-based pigment emulsions are currently priced quite high, but in the future, as the production and supply increase, their prices will gradually reduce.

Demand for pigment emulsions, which find usage across diverse end-use verticals, is poised to escalate at a high CAGR of 7.6% through 2032.

Pigment emulsion market forecast by Fact.MR

Why is the Market Seeing High Escalation in the Sales of Pigment Emulsions?

“Pigment Emulsion Usage High in Paints & Coatings and Textiles”

Pigment emulsions are used to meet desired properties such as permanence and stability in various industrial applications. Market players have witnessed strong demand from emerging markets in Asia Pacific, such as China and India.

A pigment, a binder, and a solvent make up paint. Paint pigments and coating pigments, as raw materials, make up a small (5% of the US$ 4.5 trillion global chemicals sector), and yet they are highly essential. High-quality pigments and emulsions are one of the most important elements in paints, coatings, and inks.

After paints, textiles is the largest demanding sector for pigment emulsions. Growing demand for use in various textile processing applications such as printing, dyeing, etc., is the major factor supporting the growth of the pigment emulsion industry. The textile market, which is in a growth phase, is anticipated to reach US$ 1.2 trillion by 2024.

With such escalating pigment emulsion demand, the market is projected to create an absolute dollar opportunity worth US$ 15.6 billion over the 2022-2032 assessment period.

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Region-Wise Analysis

Why Does Asia Pacific Account for the Most Consumption of Pigment Emulsions?

Asia Pacific economies, namely India, South Korea, Japan, and China, are likely to drive high demand for pigment emulsions. The shift in the paint industry from solvent-based pigment emulsions to water-based pigment emulsions is being witnessed.

In terms of value, the East Asia pigment emulsion market dominates the global landscape. By 2032, demand for pigment emulsions in the region is predicted to have grown 2X. Moreover, China will remain the major growth driver during the forecast period, expanding at a CAGR of 7.2% during the same time frame.

Why are Pigment Emulsion Suppliers Lining Up in North America?

Being one of the largest textile producers, the North America pigment emulsions market is on the rise as demand for textile pigment emulsions for various processing applications in the textile industry, such as dyeing, printing, processing, etc., is growing. Rising construction expenditure in the region complemented by the rising demand from the automobile industry will amplify the North America pigment market growth during the forecast period.

The North American market is anticipated to expand at a CAGR of 7% to reach US$ 28.3 billion by 2032, with the U.S. pigment emulsion market anticipated to expand at a CAGR of 6.8% and expand 1.9X its current valuation by 2032.

Will the Surging Construction Sector in China Complement Pigment Emulsion Industry Expansion?

China is the largest pigment producer in the world. It is also the biggest export centre to the world for many commodities/products. Rapid industrialization and the spread of urbanization have resulted in increased construction, and have thereby driven the demand for pigment emulsions.

Population growth in China is likely to continue driving residential development in the country. The country's rising household income levels and population shift from rural to urban areas are predicted to keep driving the residential construction sector. China plans to invest more than US$ 1.4 trillion in development projects over the next five years.

  • For instance, the Shanghai Plan calls for a total investment of US$ 38.7 billion over the next three years. Compared to Guangzhou, which signed 16 new infrastructure projects worth US$ 8.09 billion, Shanghai signed just one project worth US$ 2.27 billion.

Such initiatives keep the market competitive and ever-ready for newer challenges in the future.

Category-Wise Analysis

Why is Pigment Emulsion Application in Paints So High?

Architectural and decorative coatings are paints that majorly use pigment emulsions in the construction industry. The paints industry is the highest consumer of pigment emulsions out of all the end-use industries. More than 30% of the different types of paints are made up of pigments and solvents that combine to make pigment emulsions.

Rapid growth in infrastructure in developing countries is driving the demand for various raw materials, one being pigment emulsions. Increase in construction and infrastructure activities, especially in Asia Pacific, is one of the main reasons why the pigment emulsion market is growing. Developing countries such as India are still in the phase where there is a lot of development required in infrastructure for providing support to industries to stimulate economic growth and improve the quality of life.

The application of pigment emulsions in the paints industry is anticipated to register a CAGR of 8% during the forecasted period due to the rise in demand for pigment emulsions as a prominent raw material.

Why is the World Witnessing High Demand for Organic Pigment Emulsions?

Due to rising awareness about environmental issues and concerns, demand for organic dyes and pigments is more as compared to inorganic pigment emulsions. Inorganic pigment emulsion production involves raw materials such as titanium dioxide and polyvinyl acetate, which are harmful and cause high carbon emissions. Many governments have also put restrictions and strict laws on reducing carbon emissions and making environment-friendly products.

Out of the applications considered in the scope of the study, demand for organic pigment emulsions is anticipated to surge at the highest CAGR of 8% to reach a market valuation of US$ 18.9 billion by 2032.

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Competition 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.

Categorization of Pigment Emulsion Industry Research

  • 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
  • Pigment Emulsion Market by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

Currently, the global pigment emulsion market is pegged at US$ 12.6 billion.
Pigment emulsion utilization is anticipated to increase at a CAGR of around 7.6% during the 2022-2032 forecast period.
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 Chemi
Capacity expansion and forward contracts with end-use industries have been the go-to strategy to ensure regular sales in the highly competitive market.
East Asia is anticipated to account for around 33% of the global pigment emulsion market value by the end of 2032.

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