The global dyes and pigments market was worth more than USD xx billion in revenue in 2018 and is expected to cross USD xx billion in 2023, growing at a healthy CAGR of over xx% during the forecast period.
Dyes and pigments are specialty chemicals used for coloring purposes in various end-use industries ranging from construction to coatings. Dyes and pigments are segmented based on type and application of ingredients. Some of the common dyes and pigments include aniline derivatives, azodyes, anthocyanins and others.
Based on type, dyes can be
- Reactive dyes
- Disperse dyes
- VAT dyes
- Direct dyes
- Acid dyes
Based on type, pigments can be
- Inorganic pigments
- Organic pigments
Based on application dyes and pigments market can be paper, paints & coatings, plastics, construction, textiles, printing inks and others.
As dyes and pigments are the major ingredients used in paper, paints & coatings, plastics, construction, textiles, printing inks markets, demand from these markets is expected to increase the growth of dyes and pigments market. Demand from paper, paints & coatings, plastics, construction, textiles, printing inks markets is actually increasing because of growing population and extra income in developing countries.
Drivers and Restraints of Dyes And Pigments Market
Growing investments in paper, paints & coatings, plastics, construction, textiles, printing inks markets in regions like Asia and the Americas are likely to offer tremendous possibilities for dyes and pigments market in the future. As a result of accessibility to raw material, multinational businesses are investing in resource-rich regions to be able to limit the overall production cost.
Dyes and pigments have a probability of volatility in supply and prices. Feedstock chemicals affect the cost of production of dyes and pigments. Health concerns on the usage of certain dyes and pigments are a growing trend in the market. Existing and future health regulations concerning the use of certain dyes and pigments are likely to challenge the market growth.
Dyes And Pigments Market by Region
Asia was the largest consumer of dyes and pigments and this pattern is anticipated to continue to be identical over the following few years. Consumption in Asia is showing upward trend because of increase in population growth and economic activity. Growing demand for paper, paints & coatings, plastics, construction, textiles, printing inks markets will drive dyes and pigments market in Asia. With major production capacities in China, the region is likely to grow in terms of global supply capability. Demand from North America was relatively stable and is likely to stay same in the next few years. Consumption of dyes and pigments in Europe is likely to decrease and stabilize after the next few years.
Top players in this market include Clariant International Ltd, The Shepherd Color Company, Kiri Industries Ltd, Tronox Ltd, BASF, Sudarshan Chemicals, Cabot Corp., Zhejiang Longsheng Group Co. Ltd, CPS Color AG, Rockwood Holdings Inc., DIC Corp., Cristal, Du Pont, Lanxess AG, Eckart GmbH, Kronos Worldwide Inc., Flint Group, Huntsman Corporation, Atul Ltd, National Industrialization Co., Tinting Systems Company and Heubach GmbH. among others.
The report covers exhaustive analysis on:
- Global Market Segments
- Global Market Size
- Supply & Demand
- Global Market Competitive Landscape
- Production Technology
- Global Market Value Chain
Regional analysis includes:
- Middle-East and Africa
- In depth summary of parent market
- Altering market characteristics in the industry
- Detailed market segmentation
- Historical and forecast market size in terms of volume and value
- Current industry developments
- Competitive landscape
- Strategies of key players and products available
- Potential and niche segments, regions showing promising growth