Himanshu Patni: Dyes and Pigments Market - Industry Size, Share, Growth & Forecast 2027

The global dyes and pigments market is expected to register a CAGR of around 5% over the period of 2021-2027. This is mainly due to the rise in demand from important application domains such as food coloration, medicines, handicrafts, leather processing, textiles, cosmetics, plastics, photography, and paper industries. Furthermore, the rapidly increasing printing and packaging sectors have seen a surge in demand for dyes and pigments. The rapid growth in the packaging industry can be attributed to the rising adoption of e-commerce and online shopping. For instance, according to a report by the Indian Brand Equity Foundation (IBEF), the Indian e-commerce market is expected to grow to US$ 188 billion by 2025 from US$ 46.2 billion in 2020. Moreover, the rising government initiatives toward the textile market are also projected to positively impact the dyes and pigment market. However, due to rising anti-plastic sentiment, of which dyes and pigments are a prominent sub-segment, the dyes and pigments market may face growth challenges.

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According to UnivDatos Market Insights (UMI)’ research report “global dyes and pigments market”, the market is expected to witness robust growth during the forecast period 2021-2027F. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the dyes and pigments market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels.

Based on Type, the market is separate for both dyes and pigments. Dyes are classified into reactive dyes, disperse dyes, VAT dyes, direct dyes, and acid dyes. While pigments are allocated into inorganic and organic. Reactive dyes grabbed a considerable market share, due to their inherent properties like anti-fading and availability in a range of bright shades. In pigments, Inorganic ones are preferred due to better wettability, darker colors, and leanness.

Based on Application, the market is segmented into textile, paints & coatings, plastics, leather, paper, printing ink, and others. The textile segment took a significant market share in 2020. However, the printing ink segment is anticipated to grow with a lucrative CAGR during the projected timeframe owing to the rapidly growing digital printing sector.

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APAC to witness extensive growth

For a better understanding of the market adoption of the dyes and pigments industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, France, UK, Italy, and Rest of Europe); Asia-Pacific (China, India, Japan, Rest of Asia-Pacific); and Rest of World. Asia-Pacific holds the biggest market share and is expected to witness the highest CAGR during the forecast period on account of the rapidly growing middle-class population, which fuels the textile and plastic demand. The pigments and dyes market will majorly be concentrated in the Asia Pacific region, mainly due to lenient environmental laws, cheap labor costs, easy availability of low-cost raw materials, and higher market demands.

Some of the major players operating in the market include BASF SE, DIC Corporation, Clariant, Sudarshan Chemical Industries Ltd., Huntsman International LLC., Atul Ltd., Cabot Corporation, DuPont, Kiri Industries, KRONOS Worldwide. These major corporations are heavily investing in research & development divisions for superior-quality dyes and pigments.

“Global Dyes and Pigments Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Type (Dyes (Reactive Dyes, Disperse Dyes, VAT Dyes, Direct Dyes, and Acid Dyes) and Pigments (Inorganic and Organic))

2. By Application (Textile, Paints & Coatings, Plastics, Leather, Paper, Printing Ink, and Others)

3. By Region (North America, Europe, Asia-Pacific, Rest of The World)

4. By Company (BASF SE, DIC Corporation, Clariant, Sudarshan Chemical Industries Ltd., Huntsman International LLC., Atul Ltd., Cabot Corporation, DuPont, Kiri Industries, KRONOS Worldwide)

Key questions answered in the study:

1. What are the current and future trends of the global dyes and pigments industry?

2. How the industry has been evolving in terms of type and application?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the global dyes and pigments industry?

5. What is the customer orientation, purchase behavior, and expectations from the global dyes and pigments suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 DYES AND PIGMENTS MARKET COVID-19 IMPACT

6 DYES AND PIGMENTS MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY REGION

10 DYES AND PIGMENTS MARKET DYNAMICS

11 DYES AND PIGMENTS MARKET OPPORTUNITIES