Water Based Pigments Market Size and CAGR by 2031
The Water Based Pigments Market is expected to register a CAGR of 5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Product Type (Organic and Inorganic). The report further presents analysis based on Application (Paints and Coatings, Printing Inks, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Water Based Pigments Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Water Based Pigments Market Segmentation
Product Type- Organic
- Inorganic
- Paints and Coatings
- Printing Inks
Strategic Insights
Water Based Pigments Market Growth Drivers- Increasing Demand for Eco-friendly Coloration Solutions: Emerging demand for ecological alternatives as coloring means drives growth in the water-based pigments. With the increasing awareness towards the environment, the consumer and industries, in turn, are looking at sustainable alternatives from the traditional solvent-based pigments. These water-based pigments with less volatile organic compound (VOC) contents are even more environmentally friendly and have therefore given rise to market growth.
- Stricter Environmental Regulations Propel Shift to Water-Based Pigments: Most governments and regulatory authorities across nations are formulating new, stricter environmental regulations to have companies again lean towards greener solutions. Water-based pigments are proven to be non-toxic and biodegradable; hence, they are a safer option for manufacturers and consumers. This will encourage companies to shift their production from solvent-based to water-based pigmentations, thus increasing the market.
- Growing Consumer Demand for Eco-Friendly Products Boosts Water-Based Pigments in Various Industries: Consumer popularity for eco-friendliness in different types such as cosmetics, textiles, and packaging is adding to this demand for increased water-based pigments. These industries becoming more sustainable prefer the use of water-based pigments for low environmental impact and superior color quality. Water-based pigments can also be used in the flexibility of applications that range from paints, inks, and coatings.
- Bio-based Pigment Development: Biodynamic pigments will be the next to come out, which will probably pave the way for future water-based pigments. Owing to the increased popularity, these ideal types that would harness renewable natural sources such as plants and algae would, indeed, serve as alternatives to synthetic pigments and eco-friendliness as industries grow increasingly towards sustainability.
- Reducing Environmental Impact and Enhancing Safety in Multiple Industries: Also, such bio-based pigments not only reduce dependence on petroleum base resources but also cause lesser pollution to the environment because of their production process as traditional. These are biodegradable, non-toxic, and do not involve usage of hazardous chemicals at any step. All these features are celluloid in functionalities related to cosmetics, food, packing, and textiles, where safety and importance in most cases are regarded highly.
- Advancements in Bio-Based Pigment Formulation Enhance Performance and Open New Market Opportunities: Advancements in bio-based pigment formulation science and technology have thus really endowed most value to performance, color brightness, and stability properties. In terms of these performances and properties, bio-based pigments can be compared with all sources from which pigments are currently derived. Further research and development initiatives aimed at the manufacturing of bio-based pigments targeting improved features such as UV resistance, solubility in water, etc will also contribute towards the innovative area extension for water-based pigments.
- Investment in Research and Development: Specifically, investment in research and development is able to creating tremendous growth opportunities in the water-based pigments market. For instance, as industries demand better performance, manufacturers have invested in R&D towards developing advanced formulations for pigments. This improves color intensity, stability, and durability, all such qualities in ensuring that water-based pigments would be suitable substitutes toward traditional ones in many applications.
- R&D Drives Sustainable and Eco-Friendly Advances in Pigment Technology: R&D involves improvements in terms of eco-performance. It engages productive research efforts toward developing more sustainable, non-toxic, and biodegradable coloring materials regarding market needs among developing economies. More often than not, sustainability becomes more priority because of the increasingly stringent regulations that bind industries to use greener alternatives in paints, inks, and coatings.
- Increased R&D Investment Expands Application Range for Water-Soluble Pigments: Further, investments in R&D have increased the diversity of applications available for water-soluble pigments applications, for example, through developments that result in improved compatibility with such substrates as plastics, textiles, and food packaging. All these advancements open new doors for market possibilities in high-performance, environmentally sensitive areas.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Water Based Pigments Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Water Based Pigments Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Bio-based Pigment Development is expected to be the key market trends.
Based on geography, Asia Pacific held the largest share of the water based pigments market.
Based on product type, organic is expected to witness the fastest growth during the forecast period
AkzoNobel N.V, BASF SE, Chromatech Incorporated are some of the key players operating in the water based pigments market
The Water Based Pigments Market is estimated to witness a CAGR of 5% from 2023 to 2031
Increasing Demand for Eco-friendly Coloration Solutions is driving the market growth
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Water Based Pigments Market - By Product Type
1.3.2 Water Based Pigments Market - By End Use Application
1.3.3 Water Based Pigments Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WATER BASED PIGMENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. WATER BASED PIGMENTS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WATER BASED PIGMENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. WATER BASED PIGMENTS - GLOBAL MARKET OVERVIEW
6.2. WATER BASED PIGMENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WATER BASED PIGMENTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. INORGANIC
7.4.1. Overview
7.4.2. Inorganic Market Forecast and Analysis
8. WATER BASED PIGMENTS MARKET - REVENUE AND FORECASTS TO 2028 - END USE APPLICATION
8.1. OVERVIEW
8.2. END USE APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PAINTS AND COATINGS
8.3.1. Overview
8.3.2. Paints and Coatings Market Forecast and Analysis
8.4. PRINTING INKS
8.4.1. Overview
8.4.2. Printing Inks Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. WATER BASED PIGMENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Water Based Pigments Market Overview
9.1.2 North America Water Based Pigments Market Forecasts and Analysis
9.1.3 North America Water Based Pigments Market Forecasts and Analysis - By Product Type
9.1.4 North America Water Based Pigments Market Forecasts and Analysis - By End Use Application
9.1.5 North America Water Based Pigments Market Forecasts and Analysis - By Countries
9.1.5.1 United States Water Based Pigments Market
9.1.5.1.1 United States Water Based Pigments Market by Product Type
9.1.5.1.2 United States Water Based Pigments Market by End Use Application
9.1.5.2 Canada Water Based Pigments Market
9.1.5.2.1 Canada Water Based Pigments Market by Product Type
9.1.5.2.2 Canada Water Based Pigments Market by End Use Application
9.1.5.3 Mexico Water Based Pigments Market
9.1.5.3.1 Mexico Water Based Pigments Market by Product Type
9.1.5.3.2 Mexico Water Based Pigments Market by End Use Application
9.2. EUROPE
9.2.1 Europe Water Based Pigments Market Overview
9.2.2 Europe Water Based Pigments Market Forecasts and Analysis
9.2.3 Europe Water Based Pigments Market Forecasts and Analysis - By Product Type
9.2.4 Europe Water Based Pigments Market Forecasts and Analysis - By End Use Application
9.2.5 Europe Water Based Pigments Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Water Based Pigments Market
9.2.5.1.1 Germany Water Based Pigments Market by Product Type
9.2.5.1.2 Germany Water Based Pigments Market by End Use Application
9.2.5.2 France Water Based Pigments Market
9.2.5.2.1 France Water Based Pigments Market by Product Type
9.2.5.2.2 France Water Based Pigments Market by End Use Application
9.2.5.3 Italy Water Based Pigments Market
9.2.5.3.1 Italy Water Based Pigments Market by Product Type
9.2.5.3.2 Italy Water Based Pigments Market by End Use Application
9.2.5.4 United Kingdom Water Based Pigments Market
9.2.5.4.1 United Kingdom Water Based Pigments Market by Product Type
9.2.5.4.2 United Kingdom Water Based Pigments Market by End Use Application
9.2.5.5 Russia Water Based Pigments Market
9.2.5.5.1 Russia Water Based Pigments Market by Product Type
9.2.5.5.2 Russia Water Based Pigments Market by End Use Application
9.2.5.6 Rest of Europe Water Based Pigments Market
9.2.5.6.1 Rest of Europe Water Based Pigments Market by Product Type
9.2.5.6.2 Rest of Europe Water Based Pigments Market by End Use Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Water Based Pigments Market Overview
9.3.2 Asia-Pacific Water Based Pigments Market Forecasts and Analysis
9.3.3 Asia-Pacific Water Based Pigments Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Water Based Pigments Market Forecasts and Analysis - By End Use Application
9.3.5 Asia-Pacific Water Based Pigments Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Water Based Pigments Market
9.3.5.1.1 Australia Water Based Pigments Market by Product Type
9.3.5.1.2 Australia Water Based Pigments Market by End Use Application
9.3.5.2 China Water Based Pigments Market
9.3.5.2.1 China Water Based Pigments Market by Product Type
9.3.5.2.2 China Water Based Pigments Market by End Use Application
9.3.5.3 India Water Based Pigments Market
9.3.5.3.1 India Water Based Pigments Market by Product Type
9.3.5.3.2 India Water Based Pigments Market by End Use Application
9.3.5.4 Japan Water Based Pigments Market
9.3.5.4.1 Japan Water Based Pigments Market by Product Type
9.3.5.4.2 Japan Water Based Pigments Market by End Use Application
9.3.5.5 South Korea Water Based Pigments Market
9.3.5.5.1 South Korea Water Based Pigments Market by Product Type
9.3.5.5.2 South Korea Water Based Pigments Market by End Use Application
9.3.5.6 Rest of Asia-Pacific Water Based Pigments Market
9.3.5.6.1 Rest of Asia-Pacific Water Based Pigments Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Water Based Pigments Market by End Use Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Water Based Pigments Market Overview
9.4.2 Middle East and Africa Water Based Pigments Market Forecasts and Analysis
9.4.3 Middle East and Africa Water Based Pigments Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Water Based Pigments Market Forecasts and Analysis - By End Use Application
9.4.5 Middle East and Africa Water Based Pigments Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Water Based Pigments Market
9.4.5.1.1 South Africa Water Based Pigments Market by Product Type
9.4.5.1.2 South Africa Water Based Pigments Market by End Use Application
9.4.5.2 Saudi Arabia Water Based Pigments Market
9.4.5.2.1 Saudi Arabia Water Based Pigments Market by Product Type
9.4.5.2.2 Saudi Arabia Water Based Pigments Market by End Use Application
9.4.5.3 U.A.E Water Based Pigments Market
9.4.5.3.1 U.A.E Water Based Pigments Market by Product Type
9.4.5.3.2 U.A.E Water Based Pigments Market by End Use Application
9.4.5.4 Rest of Middle East and Africa Water Based Pigments Market
9.4.5.4.1 Rest of Middle East and Africa Water Based Pigments Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Water Based Pigments Market by End Use Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Water Based Pigments Market Overview
9.5.2 South and Central America Water Based Pigments Market Forecasts and Analysis
9.5.3 South and Central America Water Based Pigments Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Water Based Pigments Market Forecasts and Analysis - By End Use Application
9.5.5 South and Central America Water Based Pigments Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Water Based Pigments Market
9.5.5.1.1 Brazil Water Based Pigments Market by Product Type
9.5.5.1.2 Brazil Water Based Pigments Market by End Use Application
9.5.5.2 Argentina Water Based Pigments Market
9.5.5.2.1 Argentina Water Based Pigments Market by Product Type
9.5.5.2.2 Argentina Water Based Pigments Market by End Use Application
9.5.5.3 Rest of South and Central America Water Based Pigments Market
9.5.5.3.1 Rest of South and Central America Water Based Pigments Market by Product Type
9.5.5.3.2 Rest of South and Central America Water Based Pigments Market by End Use Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WATER BASED PIGMENTS MARKET, KEY COMPANY PROFILES
11.1. AKZONOBEL N.V
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHROMATECH INCORPORATED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CLARIANT
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HUNTSMAN
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LANXESS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NEELIKON
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PPG INDUSTRIES, INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PROQUIMAC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SHERWIN-WILLIAMS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AkzoNobel N.V
2. BASF SE
3. Chromatech Incorporated
4. CLARIANT
5. Huntsman
6. LANXESS
7. Neelikon
8. PPG Industries, Inc
9. Proquimac
10. Sherwin-Williams
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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