U.S. Pigment Dispersion Market Growth & Trends
The U.S. pigment dispersion market size is expected to reach USD 6.90 billion by 2030, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 4.3% during the forecast period.. Pigment dispersions are insoluble coloring agents used to impart color to various materials and can be classified into organic and inorganic types. Various pigment dispersions are available in the market and their choice depends on specific applications desirable in end-use industries.
Pigment dispersions contain at least one chemical compound, which absorbs and reflects light in order to impart color to various substrates used. Inorganic pigments constitute titanium dioxide, iron oxide, chrome green, ultramarine blue, carbon black, and others. Inorganic pigments are widely preferred in various end-use industries as they are abundantly available and inexpensive. However, some inorganic pigments such as lead chromate are considered hazardous upon consumption.
Among inorganic pigments, titanium dioxide is widely used for imparting white color to food packaging materials such as plastic, paper, and paperboard. Though titanium dioxide and iron oxide are synthetically produced, they are considered non-toxic in many food substance contact applications.
Demand for pigment dispersions is growing on account of increasing food processing industries for aesthetic packaging material as well as rising use of plastic, paper, and paperboard materials in food packaging.
To tap into the existing growth potential, various manufacturers such as BASF Corporation, The Chemours Company, and Tronox Limited have strengthened their presence in the market. Manufacturers such as Lanxess Corporation USA and BASF Corporation are offering a diverse range of pigments that impart yellow, red, and green color to plastic and paper packaging materials.
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U.S. Pigment Dispersion Market Report
U.S. Pigment Dispersion Market Report Scope
Report Attribute Details
Revenue forecast in 2030 — USD 6.90 billion
Growth rate — CAGR of 4.3% from 2023 to 2030
Base year for estimation — 2022
Historical data — 2018–2021
Forecast period — 2023–2030
U.S. Pigment Dispersion Market Report Highlights
Titanium dioxide is the most commonly used white inorganic pigment in the U.S. It is a white powder used in various applications such as plastics, paints and coatings, paper, printing inks, and automotive products, which require brightness and high opacity properties.
Iron oxide is the second-largest segment, accounting for a volume share of over 31.0% in 2022. Demand for the same is expected to continue increasing over the forecast period
Inorganic pigments are employed in food packaging applications, specifically in plastic and paper and paperboard packaging. Inorganic pigments accounted for a revenue share of over 55.0% in 2022
Optical properties such as high opacity, tinting strength, and color imparting are of key importance to pigments used in the paper industry. Standard papers require low opacity and whiteness, whereas decorative papers require high opacity and weathering properties.
List of Key Players in U.S. Pigment Dispersion Market
DIC CORPORATION
AArbor Colorants Corporation
CLARIANT
American Elements
DECORATIVE COLOR & CHEMICAL, INC.
Heubach GmbH
Organic Dyes and Pigments
Ferro Corporation
Flint Group
REITECH CORPORATION
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