The global Water Based Pigments Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Product (Organic, Inorganic), By Application (Paints and Coatings, Printing Inks, Others).
The water-based pigments market is witnessing significant growth and innovation driven by key trends shaping the future of coatings, inks, and colorants across various industries. One notable trend is the increasing demand for environmentally friendly and sustainable pigment solutions that offer low VOC emissions, reduced environmental impact, and enhanced performance properties. Water-based pigments, derived from natural or synthetic sources, are gaining popularity as alternatives to solvent-based pigments due to their compatibility with waterborne coatings, inks, and paints, offering improved color strength, stability, and application versatility while meeting stringent regulatory requirements for emissions and toxicity. Additionally, advancements in pigment dispersion technology and manufacturing processes are driving innovations in water-based pigment formulations, enabling improved dispersion stability, color consistency, and durability in aqueous systems, with manufacturers offering a wide range of pigments tailored to specific applications and performance requirements. Furthermore, the trend towards sustainable packaging, printing, and textile industries is driving the adoption of water-based pigments in eco-friendly printing inks, packaging coatings, and textile dyes, supporting initiatives to reduce carbon footprint, waste generation, and environmental pollution across the value chain. Moreover, collaborations between pigment manufacturers, coating formulators, and end-users are driving innovation and market growth by delivering customized pigment solutions that meet the specific color matching, application, and performance needs of diverse industries such as automotive, construction, packaging, and textiles, ensuring continued advancement and adoption of water-based pigments as preferred colorants in the global marketplace.
The market report analyses the leading companies in the industry including AkzoNobel N.V, BASF SE, Chromatech Inc, CLARIANT, Huntsman, LANXESS, Neelikon, PPG Industries Inc, Proquimac, Sherwin-Williams.
A prominent trend in the water-based pigments market is the growing preference for eco-friendly and non-toxic pigment solutions. With increasing environmental awareness and concerns about the health effects of traditional solvent-based pigments, there is a rising demand for water-based pigments that offer low environmental impact and reduced toxicity. Water-based pigments provide a safer alternative for various applications such as paints, coatings, inks, and cosmetics, as they contain fewer harmful chemicals and emit lower levels of volatile organic compounds (VOCs) compared to solvent-based pigments. This trend is driven by consumer preferences for products that are environmentally sustainable, safer to use, and compliant with regulatory standards for environmental protection and human health.
The primary driver for the water-based pigments market is regulatory restrictions on hazardous chemicals and VOC emissions. Governments worldwide are implementing regulations and standards to limit the use of toxic substances in consumer products, including pigments used in paints, coatings, and other applications. Additionally, regulations aimed at reducing VOC emissions from coatings and inks drive the adoption of water-based pigments, which emit lower levels of VOCs compared to solvent-based alternatives. Manufacturers are under pressure to comply with regulatory requirements and develop products that meet environmental and safety standards, leading to increased demand for water-based pigments as a sustainable and compliant solution for various industries.
An opportunity for market expansion in the water-based pigments segment lies in innovation in high-performance pigment formulations. While water-based pigments are known for their eco-friendly and non-toxic properties, there is potential for further development of formulations that offer superior performance characteristics such as color intensity, lightfastness, weatherability, and chemical resistance. By investing in research and development, manufacturers can develop advanced water-based pigment formulations that meet the demanding requirements of diverse applications such as automotive coatings, architectural paints, packaging inks, and industrial coatings. Additionally, collaboration with raw material suppliers, pigment chemists, and end-users can facilitate the development of customized pigment solutions tailored to specific application needs and performance criteria, enabling differentiation and market leadership in the water-based pigments segment.
The largest segment in the Water Based Pigments Market is the Inorganic product category. inorganic pigments offer a wide range of colors, stability, and lightfastness, making them suitable for various applications across industries such as paints and coatings, plastics, textiles, and printing inks. Inorganic pigments, such as titanium dioxide, iron oxides, and chromium oxides, are commonly used for their opacity, color intensity, and chemical resistance, making them ideal for outdoor and high-performance applications. Additionally, inorganic pigments are generally more cost-effective than organic pigments, providing manufacturers with economical options for achieving desired colors and properties in their products. Furthermore, inorganic pigments are less susceptible to degradation from exposure to light, heat, and chemicals compared to organic pigments, ensuring long-lasting color stability and durability in finished products. Over the forecast period, the Inorganic product segment maintains its position as the largest in the Water Based Pigments Market due to its versatility, performance, cost-effectiveness, and widespread use across various industries and applications.
The fastest-growing segment in the Water Based Pigments Market is the Printing Inks application category. There is increasing demand for water-based printing inks due to environmental concerns and regulatory pressures to reduce volatile organic compound (VOC) emissions associated with solvent-based inks. Water-based pigments offer a more eco-friendly alternative to solvent-based pigments, as they have lower VOC content, reduced odor, and improved worker safety during printing operations. Additionally, water-based pigments provide vibrant colors, good adhesion, and fast drying times, making them suitable for various printing applications, including packaging, labels, publications, and textiles. Further, the packaging industry is experiencing rapid growth globally, driven by factors such as e-commerce expansion, food and beverage consumption, and sustainability initiatives. Water-based pigments are favored for their versatility, printability, and compliance with food packaging regulations, making them well-suited for printing on a wide range of packaging substrates. Furthermore, advancements in water-based pigment technology, such as improved color strength, stability, and compatibility with printing processes, are driving the adoption of water-based pigments in the printing inks sector. Over the forecast period, the Printing Inks application segment is experiencing rapid growth in the Water Based Pigments Market due to increasing demand for eco-friendly printing solutions, growth in the packaging industry, and advancements in water-based pigment technology.
By Product
Organic
Inorganic
By Application
Paints and Coatings
Printing Inks
Others
Regions Included
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
AkzoNobel N.V
BASF SE
Chromatech Inc
CLARIANT
Huntsman
LANXESS
Neelikon
PPG Industries Inc
Proquimac
Sherwin-Williams
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Water Based Pigments Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Water Based Pigments Market Size Outlook, $ Million, 2021 to 2030
3.2 Water Based Pigments Market Outlook by Type, $ Million, 2021 to 2030
3.3 Water Based Pigments Market Outlook by Product, $ Million, 2021 to 2030
3.4 Water Based Pigments Market Outlook by Application, $ Million, 2021 to 2030
3.5 Water Based Pigments Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Water Based Pigments Industry
4.2 Key Market Trends in Water Based Pigments Industry
4.3 Potential Opportunities in Water Based Pigments Industry
4.4 Key Challenges in Water Based Pigments Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Water Based Pigments Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Water Based Pigments Market Outlook by Segments
7.1 Water Based Pigments Market Outlook by Segments, $ Million, 2021- 2030
By Product
Organic
Inorganic
By Application
Paints and Coatings
Printing Inks
Others
8 North America Water Based Pigments Market Analysis and Outlook To 2030
8.1 Introduction to North America Water Based Pigments Markets in 2024
8.2 North America Water Based Pigments Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Water Based Pigments Market size Outlook by Segments, 2021-2030
By Product
Organic
Inorganic
By Application
Paints and Coatings
Printing Inks
Others
9 Europe Water Based Pigments Market Analysis and Outlook To 2030
9.1 Introduction to Europe Water Based Pigments Markets in 2024
9.2 Europe Water Based Pigments Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Water Based Pigments Market Size Outlook by Segments, 2021-2030
By Product
Organic
Inorganic
By Application
Paints and Coatings
Printing Inks
Others
10 Asia Pacific Water Based Pigments Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Water Based Pigments Markets in 2024
10.2 Asia Pacific Water Based Pigments Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Water Based Pigments Market size Outlook by Segments, 2021-2030
By Product
Organic
Inorganic
By Application
Paints and Coatings
Printing Inks
Others
11 South America Water Based Pigments Market Analysis and Outlook To 2030
11.1 Introduction to South America Water Based Pigments Markets in 2024
11.2 South America Water Based Pigments Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Water Based Pigments Market size Outlook by Segments, 2021-2030
By Product
Organic
Inorganic
By Application
Paints and Coatings
Printing Inks
Others
12 Middle East and Africa Water Based Pigments Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Water Based Pigments Markets in 2024
12.2 Middle East and Africa Water Based Pigments Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Water Based Pigments Market size Outlook by Segments, 2021-2030
By Product
Organic
Inorganic
By Application
Paints and Coatings
Printing Inks
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
AkzoNobel N.V
BASF SE
Chromatech Inc
CLARIANT
Huntsman
LANXESS
Neelikon
PPG Industries Inc
Proquimac
Sherwin-Williams
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
Organic
Inorganic
By Application
Paints and Coatings
Printing Inks
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Water Based Pigments is forecast to reach $13.7 Billion in 2030 from $9.4 Billion in 2024, registering a CAGR of 6.5%
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AkzoNobel N.V, BASF SE, Chromatech Inc, CLARIANT, Huntsman, LANXESS, Neelikon, PPG Industries Inc, Proquimac, Sherwin-Williams
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume