Pigment Dispersion Market Size, Share & Trend Analysis Report By Product (Inorganic Pigment, Organic Pigment), By Application (Plastics, Inks, Coatings), By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the pigment dispersion market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for pigment dispersion market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of pigment dispersion market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Pigment Dispersion Market Categorization:

The pigment dispersion market was categorized into four segments, namely product (Inorganic Pigments, Organic Pigments), application (Plastics, Inks,Coatings, Others, Epoxy, Adhesives, Sealants, Phthalate-Free PVC Masterbatch), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The pigment dispersion market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The pigment dispersion market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; Mexico; Germany; UK; France; Italy; Spain; China; India; Japan; South Korea; Vietnam; Australia; Brazil; Argentina; Saudi Arabia; South Africa

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Pigment dispersion market companies & financials:

The pigment dispersion market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Holland Colours Holland Colours develops and manufactures color concentrates, masterbatches, and additive concentrates for various applications, including plastics, coatings, and inks. The company has offices and manufacturing facilities across the globe, serving customers in over 100 countries.

• Wacker Chemie AG Wacker Chemie AG is headquartered in Munich, Germany and employs over 14,000 people. It is a German chemical company that produces various chemical products including silicones, polymers, and specialty chemicals. The company operates in over 100 countries and has a diverse portfolio of products used in a variety of applications, including construction, textiles, electronics, personal care, and pharmaceuticals.

• Avient Corporation Avient Corporation is a global polymer services company offering specialized polymer materials, solutions, and services. It operates in North America, Asia, Europe, Australia, and South America. The company's products and services serve diverse markets including packaging, healthcare, transportation, electronics, building & construction, and consumer goods.

• Akrochem Corporation The company was established in 1929, and its headquarters is located in the U.S. Akrochem Corporation, which has been serving rubber and plastic industries since 1929 as a chemical distributor of raw materials. The company's headquarters is in Akron, Ohio, with three facilities in surrounding communities. Akrochem has a diverse range of products, including antifoams, elastomers, and fire retardants, which serve a variety of markets. The company is committed to providing high-quality products and has implemented environmentally-friendly initiatives to reduce its impact.

• Akron Dispersions Akron Dispersions is a chemical manufacturing company based in Akron, Ohio, that produces water-based dispersions and emulsions of compounding chemicals for the polymer, chemical, coating, and adhesive industries. Akron Dispersions serves customers across multiple industries, primarily focusing on the polymer, chemical, coating, and adhesive sectors. It has an active operating status and has been in business for over 50 years. The company's products are recognized for their quality and consistency and its customer-centric approach is reflected in its long-standing relationships with clients.

• Kri Color KRI-Color, LLC is a chemical manufacturing company that produces high-quality silicone dispersions for the industry. KRI-Color's products include specialty silicone dispersions, such as pigments, organic peroxides, and heat stabilizers, which are used in a wide range of applications, including liquid silicone rubber (LSR) and room temperature vulcanization (RTV).

• RDAbbott The company was established in 1948 in Cerritos, California, U.S. RD Abbott is a materials science and engineering company that provides rubber and polymer materials, design consultation, testing services, and supply chain solutions for various industries, including automotive, aerospace, medical, and general manufacturing The company's products include elastomers, rubber chemicals, and additives, which are sourced from leading manufacturers around the world. RD Abbott is also focused on innovation and collaborates with universities, research institutions, and industry experts to develop new materials and technologies that meet the needs of its clients. In addition, it offers consulting services to assist clients with product design, material selection, and process optimization.

• SABIC The company is headquartered in Saudi Arabia which has over 34,000 employee base. SABIC, also known as Saudi Basic Industries Corporation, is a global diversified chemicals company that produces and sells various chemicals, plastics, and other materials. SABIC has operations in more than 50 countries around the world. It produces various products used in various industries, including automotive, construction, healthcare, and agriculture. SABIC's portfolio includes basic chemicals, intermediate chemicals, and specialty chemicals. Its business units include petrochemicals, specialties, Agri-nutrients, and metals.

• Dow Dow was established in 1897 and employs more than 37,000 people. Dow Inc. is a US-headquartered multinational materials science company that offers an extensive range of chemical, plastic, and agricultural products. With a worldwide presence in over 70 countries, Dow employs around 37,000 individuals globally. The company's operations are segmented into three parts: Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics. Dow's broad lineup of products is utilized across a diverse array of industries, including but not limited to automotive, construction, packaging, and consumer goods.

• BASF SE The company was established in 1865 and it is headquartered in Ludwigshafen, Germany. It employs 111,000 people. The company operates through six business segments, namely chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. Products offered by the company find use in industries such as agriculture, construction, pharmaceuticals, energy & power, home care & nutrition, automotive & transportation, rubber & plastics, leather & textiles, and personal care & hygiene. Dispersions & pigments are included in the chemicals business segment under the pigments, binders, and additives category. These pigments are used in adhesives, electronic materials, nonwovens, paints & coatings, paper & board, and printing & packaging applications. Pigments offered by the company are sold under the Colors & Effects brand. The surface technologies segment includes catalysts and coatings divisions. Its portfolio comprises surface treatments, coatings, decorative paints catalysts, and battery materials for chemical and automotive industries.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Pigment Dispersion Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 - 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Pigment Dispersion Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.