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Water Based Pigments Market - Changing Supply and Demand Scenarios By 2024

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.

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.


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.

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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.

Top Players of Water Based Pigments Market:

Key players in the industry include Northwest Dispersions, Chromatech Incorporated, Proquimac, Huntsman, Clariant, Kao Corporation and LANXESS.

Market Segmentation of Water Based Pigments Market:

The Global Water Based Pigments Market segmented on the basis of Application and Region.

By Application:

    Paints & Coatings
    Inks

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East & Africa

Inquire about Water Based Pigment Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3077
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