1. Market Research
  2. > Chemical
  3. > Specialty Chemical Market Trends
Water Based Pigments Market Analysis By Application And Segment Forecasts To 2024

Water Based Pigments Market Analysis By Application And Segment Forecasts To 2024

  • September 2016
  • 80 pages
  • ID: 4144322

Summary

Table of Contents

The global water based pigments market is expected to reach USD 13.40 billion by 2024, according to a new report by Grand View Research, Inc. Water based pigments demand is primarily driven by the rising consumer awareness regarding eco-friendly products and stringent government regulations to limit VOC content in the industrial products. Growing demand for aqueous pigment dispersion systems for manufacturing inks for printing and textile applications is expected to have a positive impact on the industry growth over the forecast period.

Increasing adoption of waterborne dispersion systems to replace solvent based paints, especially in decorative applications is anticipated to be the key driver for the market growth. However, these aqueous paints offer low gloss as compared to its counterparts, which is likely to hinder industry growth over the forecast period. Innovations in water-based pigment dispersion technology to reduce drying time, increase durability and improve corrosion resistance is likely to open new avenues for the product growth over the projected period.

The industry has numerous players which are engaged in manufacturing innovative products with high quality and performance. Fluctuating raw materials prices and strong foothold of existing players in the industry is expected to hamper entry of new market entrants. However, the scope for technological innovations related to optimizing performance characteristics of the product and high demand for eco-friendly products in end-use applications is anticipated to drive industry growth.

Further key findings from the report suggest:

Paints & coatings were the largest application segment for the industry in 2015, accounting for over 70% of the overall revenue share. Growing demand for eco-friendly paints in architectural, furniture, consumer electronics and automotive applications is expected to have a positive impact on the industry growth.

Increasing demand for waterborne coatings owing to their excellent adhesion, low VOC content and good resistance to abrasion and heat is expected to open new avenues for the industry growth over the forecast period.

The demand for aqueous pigment dispersions in inks is expected to grow at a CAGR of over 7% from 2016 to 2024. Initiatives taken by the ink manufacturers to offer products with lower printing cost and better performance as compared to solvent based inks are expected to open new avenues for the industry growth.

Technological innovations to produce aqua-based packaging inks for gravure printing is likely to drive the industry growth over the next eight years. Aqueous inks cost over 50% higher than solvent-based inks, which is likely to hamper industry growth. However, rising disposable income coupled with growing consumer awareness towards the environment are expected to propel demand.

Asia Pacific is expected to grow at the highest CAGR of over 8% from 2016 to 2024 owing to rapid growth of end-use including automotive, cosmetics, inks and textile. Changing regulatory scenario and increasing consumer awareness towards the use of environment-friendly products is anticipated to propel the product demand over the next eight years.

The decision of the Chinese government to levy 4% consumption tax on paints with VOC content of over 420 grams/liter is expected to have significant impacts on the market growth over the projected period.

Key players in the industry include Northwest Dispersions, Chromatech Incorporated, Proquimac, Huntsman, Clariant, Kao Corporation and LANXESS. In May 2016, Clariant launched new green and red water based pigment preparations to strengthen company presence in non-impact printing.

Please note: this report requires certain updates. We have all the information available but require 2 working days business days to complete the process and ensure it is as up-to-date as possible.


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Veronica helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Pigments and Dyes Industry

Global Pigments and Dyes Industry

  • $ 5800
  • Industry report
  • June 2018
  • by Global Industry Analysts

This report analyzes the worldwide markets for Pigments and Dyes in US$ Thousand.Further, the market is analyzed in Tons by the following Product Segments: Dyes (Acid Dyes, Basic Dyes, Direct Dyes, Disperse ...

Inorganic Pigments Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Inorganic Pigments Industry: Forecasts to 2026

  • $ 5795
  • Industry report
  • June 2018
  • by Transparency Market Research

Inorganic Pigments Market - OverviewInorganic pigments are manufactured by using petrochemical sources or natural resources.These are the oldest pigments used across the world.On the basis of phenomenon ...

Organic Pigments Market by Type, Application And Region - Global Forecast to 2023

Organic Pigments Market: Global Forecast until 2023

  • $ 5649
  • Industry report
  • July 2018
  • by MarketsandMarkets

Organic pigments market projected to witness CAGR of 4.8% during forecast periodThe organic pigments market size is estimated at USD 3.69 billion in 2018 and is projected to reach USD 4.67 billion by 2023, ...


ref:plp2016

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on