Description
Dyes and Pigments Market
The Dyes and Pigments Market to surpass USD 16890.95 billion by 2030 from USD 5782.50 billion in 2020 at a CAGR of 11.32% within the coming years, i.e., 2020-30.
Product overview
Dyes and pigments are the colorants that are primarily used commercially to meet color requirements for decorative and decorative purposes. Colorants are the liquid form that can be absorbed by woods, plastics, fabrics, and even edible foods. and other materials. Pigments, on the other hand, are the dyes used to give color to rubber, plastics, etc. They are usually chemical products, while dyes are natural substances that leave their color in the substance applied. Pigments require special techniques for dyeing and printing and are usually produced as dry colorants due to their insolubility in water.
Market Highlights
The Dyes and Pigments Market is predicted to project a notable CAGR of 11.32% in 2030.
The Dyes and Pigments Market to surpass USD 16890.95 billion by 2030 from USD 5782.50 billion in 2020 at a CAGR of 11.32% within the coming years, i.e., 2020-30. With the advent of the concept of non-toxic dyes and natural dyes, the next trend for biodegradable pigments and dyes has a large commercial market worldwide. The Dyes and Pigments Market offers numerous opportunities to meet the growing demand for coatings, and natural dyes have a greater chance of developing their market as increased concerns about the health hazards of chemical pigments and general pollution, as well as pressure on manufacturers to buy into the best green alternatives for the Dyes and Pigments Market. The growing competition among organic pigment manufacturers is on the way to provide better value for the consumer, but they are also competing for price on their products.
Recent News and Developments:
In March 2019, Clariant launched its first bio-based version of the red pigment.
In June 1, 2021, Sun Chemical increased prices for a broad portfolio of its packaging and commercial sheet-fed printing inks, coatings, and adhesives in North America, effective from July 1, 2021
Dyes and Pigments Market: Segments
Inks segment to grow with the highest CAGR during 2020-2030
The Dyes and Pigments Market is segmented By Product Type into Dyes, Disperse Dyes, Reactive Dyes, Basic Dyes, VAT Dyes, Other Dyes, Inorganic Pigments, Organic Pigments. The Inorganic Pigments segment seized the largest share of the Dyes and Pigments Market due to its effective dark colors, compactness, and perfect wetting are common and is expected to continue its dominance during the forecast period. Inorganic dyes and pigments have a very wide range of applications and offer exceptional color strength, light and weather resistance, or other properties for special applications. for inorganic color pigments at high speed. White pigments, inorganic titanium dioxide (TiO2), titanium dioxide, and iron oxide compounds are in high demand for inorganic color pigments.
Textile segment to grow with the highest CAGR during 2020-2030
The Dyes and Pigments Market is segmented By the End-User Industry into Textiles, Food and Beverages, Paper, Inks, Leather, Paints and Coatings, Plastics, Cosmetics, and Personal Care, Others. The Textile segment is projected to expand due to the increasing use of dyes in modern textile solutions. Increased production of textile products and increasing demand for dyes and pigments can contribute to healthy Dyes and Pigments Market growth. In addition, increased applications for pad printing, screen printing, and digital printing can drive the growth in the Inks segment. The use of digital printing inks in the sports and leisure, packaging, and textile industries can also drive the growth of the segment in the Dyes and Pigments Market.
Dyes and Pigments Market: Market Dynamics
Drivers
Growth in the textile industry
Global depletion of available capital, rapid changes and unpredictable weather-related trends increasing the population, knowledge of organic products and technological development are some of the factors attributed to the growth of the Dyes and Pigments Market. US and China are the largest consumers of the Dyes and Pigments Market.
Increased purchasing power of consumers
Increasing purchasing power of consumers and their changing lifestyles are the major growth driving factors in the Dyes and Pigments Market. Their interest in quality and innovative products is what drives the growth of the industry. With urbanization, so too does competition between the big players has resulted in a wide variety of products being available in the Dyes and Pigments Market. In Germany, increasing immigration to the countryside has stimulated the current demand for new residential construction. Around 3.6 million immigrants are expected to reach Germany by the end of the year. from 20202021, which requires at least 350,000 new apartments per year. This in turn is propelling the growth of the Dyes and Pigments Market.
Restraint
Growing Environmental Concerns
Growing environmental concerns are driving policy changes around the world that are expected to slow the growth of the Dyes and Pigments Market over the forecast period. Factors such as water pollution during the manufacturing process, high metal content in pigments, and high water consumption in the textile industry for dishwashing paints are the main environmental threats. Regions such as Europe, North America, and China have strict regulations in place that may challenge the growth of the Dyes and Pigments Market.
COVID-19 Impact on the Dyes and Pigments Market
The market was hit hard by the coronavirus outbreak due to fluctuations in the construction business and commodity prices, commodity production, and the introduction of lockdowns. The growth is primarily due to companies reorganizing their operations and recovering from the effects of COVID19, which had previously resulted in restrictive containment measures involving social distancing, remote working, and shop closings that created operational challenges.
Global Dyes and Pigments Market: Key Players
Tronox, Inc
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Sun Chemical Corporation
Clariant AG
Ferro Corp
Flint Group
Heubach GmbH, Huntsman International, LLC.
Ishihara Corporation
Kemira Oyj
Kronos Worldwide, Inc.
Merck KGAA
Dyes and Pigments Market: Regions
Dyes and Pigments Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. The Asia-Pacific region is the largest market for dyes and pigments. It is expected that the growing population coupled with increasing disposable income in the region will fuel the increasing demand for dyes and pigments. This growth is attributed to the rapid growth of the textile sector in the region. For years, China has become the world’s leading manufacturer, trader, and consumer of dyes. The Asia region is expected to show the highest growth in the coming years. In addition, the presence of a variety of ongoing infrastructure development projects and the increase in residential construction in the US are expected to support the surge in the Dyes and Pigments Market due to increasing demand for paints and coatings.
Dyes and Pigments Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – China, Japan, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Dyes and Pigments Market report also contains analysis on:
Dyes and Pigments Market Segments:
By Product Type
Acid Dyes
Disperse Dyes
Reactive Dyes
Basic Dyes
VAT Dyes
Other Dyes
Inorganic Pigments
Organic Pigments
By End-User Industry
Textiles
Food and Beverages
Paper
Inks
Leather
Paints and Coatings
Plastics
Cosmetics And Personal Care
Others
Dyes and Pigments Market Dynamics
Dyes and Pigments Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value chain of the Market
Market Drivers and Restraints
Dyes and Pigments Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2020 USD 5782.50 billion
Revenue forecast in 2030 USD 16890.95 billion
Growth Rate CAGR of 11.32% from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Basis, Product Type, End-User Industry, and Region
Region scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
Key companies profiled Tronox, Inc, Sun Chemical Corporation, Clariant AG, Ferro Corp, Flint Group, Heubach GmbH, Huntsman International, LLC., Ishihara Corporation, Kemira Oyj, Kronos Worldwide, Inc., Merck KGAA
Frequently Asked Questions on the Dyes and Pigments Market
How widely can a Dyes and Pigments Market expand?
Who are the key players in the Dyes and Pigments Market?
Which segment is anticipated to hold the largest Dyes and Pigments Market share?
What could be the factors driving the growth of the Dyes and Pigments Market?
What could be the exigent factors in the growth of the Dyes and Pigments Market?
