Dyes and Pigments Market by Types (Dyes [Disperse Dyes, Vat Dyes, Acid Dyes, Reactive Dyes, Sulfur Dyes, and Azo Dyes) and Pigments [Organic Pigments and Inorganic Pigments]), End-users (Textile, Plastics, Paints & Coatings, Printing Inks, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global dyes and pigments market size was valued at USD 29.60 billion in 2020 and is anticipated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand from various industries, such as paints & coatings, textiles, plastics, and construction.
Dye is a substance used to color paper, materials, leather, and different materials. The color isn't promptly changed by washing, hotness, light, or different variables to which the material is to be exposed. Dyes vary from pigments, which are finely ground solids scattered in a liquid, such as ink or paint, or mixed with different materials.
A pigment is a collection of mixtures that are strongly colored and are utilized to shade different materials. Pigments are not applied as solutions but finely ground strong particles blended in with fluids. Similar colors are utilized in printing inks, oil & water-based paints, and plastics. Pigments can be inorganic or organic. The inorganic pigments last longer and brighter as compared to organic compound. Organic pigments are produced using natural sources, though most shades utilized are either synthetic or inorganic.
During the COVID-19 pandemic, the market was negatively impacted as activities in various countries were restricted, which led to disruptions in supply chain. This adversely affected the demand for dyes & pigments from several industries such as textiles and coatings.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand from the textile industry is anticipated to spur the growth of the market.
- High demand for high pressure processing pigments is estimated to contribute to the market growth.
- Increasing per capita consumption of dyes & pigments in developing markets is estimated to propel the market growth.
- Increasing environmental concerns are resulting in policy changes across the world, which can hinder the growth of the dyes and pigments market.
- Volatile price of raw materials can hamper the growth of the market.
- Technological advancements in the market can create lucrative opportunities during the forecast period.
Scope of the Report
The report on the global dyes and pigments market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Dyes and Pigments Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types (Dyes [Disperse Dyes, Vat Dyes, Acid Dyes, Reactive Dyes, Sulfur Dyes, and Azo Dyes) and Pigments [Organic Pigments and Inorganic Pigments]) and End-users (Textile, Plastics, Paints & Coatings, Printing Inks, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Clariant AG; KRONOS Worldwide, Inc.; The Chemours Company; Venator Materials PLC; and BASF SE |
Dyes and Pigments Market Segment Insights
Reactive dye segment is projected to account for a significant market share
In terms of types, the market is bifurcated into dyes and pigments. The dyes segment is further classified as disperse dyes, vat dye, acid dyes, reactive dyes, sulfur dyes, and azo dyes. The pigments segment is categorized as organic pigments and inorganic pigments. The reactive dye segment is projected to account for a significant market share during the forecast period. Reactive dye is most commonly used dye due to its properties such as ease of application, water solubility, brightness of color shades, and easier to watch.
Paints & coatings segment is anticipated to constitute a key market share
Based on end-users, the market is segregated into textile, plastics, paints & coatings, printing inks, and others. The paints & coatings is expected to constitute a key share of the market during the forecast period due to rising construction and infrastructure activities. Decorative and architectural represent prominent utilization of colors in their creation. Public-private partnership projects are expanding the domestic construction sector.
The market of Asia Pacific to expand at a robust CAGR
On the basis of regions, the dyes and pigments market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the forecast period due to rapid development of the textile business in China and India coupled with the accessibility to cheap workforce. The rapid urbanization in these countries is anticipated to expand the demand for paints and coatings in the region during the forecast period.
2. Assumptions and Acronyms Used
3. Research Methodology
4. dyes and pigment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. dyes and pigment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. dyes and pigment Market - Supply Chain
4.5. Global dyes and pigment Market Forecast
4.5.1. dyes and pigment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. dyes and pigment Market Size (000’ Units) and Y-o-Y Growth
4.5.3. dyes and pigment Market Absolute $ Opportunity
5. Global dyes and pigment Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. dyes and pigment Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global dyes and pigment Demand Share Forecast, 2019-2026
6. North America dyes and pigment Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America dyes and pigment Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America dyes and pigment Demand Share Forecast, 2019-2026
7. Latin America dyes and pigment Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America dyes and pigment Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America dyes and pigment Demand Share Forecast, 2019-2026
8. Europe dyes and pigment Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe dyes and pigment Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe dyes and pigment Demand Share Forecast, 2019-2026
9. Asia Pacific dyes and pigment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific dyes and pigment Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific dyes and pigment Demand Share Forecast, 2019-2026
10. Middle East & Africa dyes and pigment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa dyes and pigment Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa dyes and pigment Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global dyes and pigment Market: Market Share Analysis
11.2. dyes and pigment Distributors and Customers
11.3. dyes and pigment Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Clariant AG
11.4.2. KRONOS Worldwide, Inc.
11.4.3. The Chemours Company
11.4.4. Venator Materials PLC
11.4.5. BASF SE