Pigment Dispersion Resin Market: Overview and Dynamics
In a fast pace growing industrialization is a positive sign for pigment dispersion resin industry. Adoption of pigment Dispersion resin has been increased exponentially by the End-use-industry reason being the premium quality, customer satisfaction and stabilization, provides splendid colour to the material.
So as to achieve the finest quality of coating, liquid pigment dispersion resin is being used having a flawless particle size which results to be stable for a long period of time. Pigment dispersion resin is not only restricted to the paint industry it is having a diverse portfolio of application. Pigment dispersion resin is widely used in liquid coating and ink industries as well.
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Pigment dispersion resin can offer the finest quality of paints, inks and coatings with extraordinary colour strength. Pigment dispersion resin replaces the air and moisture covering the pigment and transforms the dry pigment into pigment dispersion.
The market has blown-up after advanced discoveries in polymers which have become the driving factor for the growth of the pigment dispersion resin market. Considering the forecast of the future expansion of market and consumer base it is likely to increase a stiff demand of Pigment dispersion resin.
Based on the requirement provided by industries, pigment dispersion resin is made up of various chemical compositions and polymers such as Acrylic resins, Alkyd resins, Epoxy resins, Hydrocarbon resins, etc.
Acrylic and Epoxy resins hold market share in the lead because of their multi-purpose application. Longer time duration and improved resistance is a supplement to pigment dispersion resin industry which ultimately contributes to the effective end result and over-all presence of the coated material. However, the pigment dispersion resin industry is expected to see a higher growth till 2030 due to the greater rate of penetration.
However, Pigment resin dispersion products are expected to penetrate into the market with a higher growth rate because of the diversity of being absorbed in the multiple industries and the end result quality.
In the coming years, the market would rise high with tougher competition as companies would focus majorly on the quality needs of the end product like paints, inks & coatings and pigment dispersion resin would play a vital role, there’s been a significant demand under the forecasted period.
Considering the aspect of future consumption, demand is going to grow in a steeper line which will further result in the quicker adoption of Pigment resin dispersion. Shifting consumer needs and widening consumer base will lead to the expansion of the market. Pigment resin dispersion is having the capability to stand along with upcoming forecasted market expansion.
COVID-19 Impact Insights
The unpredicted outbreak of Novel COVID-19 has massively disrupted the End-use Industries revenue following by the affected Supply-chain. COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve.
It has adversely affected the economy across the globe resulting in a steep fall in the Global GDP bar. This has affected almost every market and pigment dispersion resin market has also been affected largely.
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COVID-19 pandemic has presented massive disruptions in the demand-supply equilibrium across multiple industries, leading towards economic losses at a global level. The plant shutdowns in Europe, Asia and North America in the second quarter of 2024 has reduced the production scale of pigment dispersion resin.
However, uplifting of lockdown has begun in few regions with shows a ray of hope for the pigment dispersion resin market to bounce back strongly and reach it desired potential by the fourth quarter of 2024
Segmentation Analysis of Pigment Dispersion Resin Market
The global market for pigment dispersion resin has been classified into 6 major segments which follow as product type, end-use, packing type, colour, pigment type and region.
Based on product type, pigment dispersion resin market has been segmented as follows:
- CAB resins
- VC copolymers
- Acrylic resins
- Urea and Melamine formaldehyde resins
- Alkyd resins
- Epoxy resins
- Hydrocarbon resins
Based on end-use, pigment dispersion resin market has been segmented as follows:
- Coating
- Inks
- Paint
- Adhesives
- Sealants
Based on packaging type, pigment dispersion resin market has been segmented as follows:
- Plastic Pails
- Steel Drums
Based on colour type, pigment dispersion resin market has been segmented as follows:
- Brown
- Blue
- Yellow
- White
- Black
- Red
Based on pigment type, pigment dispersion resin market has been segmented as follows:
- Organic Pigment
- Inorganic Pigment
Based on region, pigment dispersion resin market has been segmented as follows:
- North America
- Europe
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
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