The Dyes and Pigments Market was estimated to be worth USD 38.2 billion in 2022, and from 2023 to 2030, it is anticipated to rise at a CAGR of 5.4%.
The global Dyes and Pigments market is expected to witness considerable growth during the forecast period. Increasing demand from several application industries, such as textiles, paints & coatings, construction, and plastics, is anticipated to boost the growth of the Dyes and Pigments market in the coming years. The increasing population coupled with rapid industrialization has encouraged governments to upsurge their construction spending for infrastructural development. Therefore, increasing construction expenditure and rapid growth in the construction industry across the world are anticipated to create huge product demand in the forthcoming years. Eventually, it propels the growth of the global Dyes and Pigments at a large scale.
Furthermore, increasing plastic consumption is another important factor in the growth of the market. High-performance organic and inorganic pigments are used in the plastics industry. Besides coloring effects and improved esthetics, pigments rise the stability of plastics and improve their resistance to weather conditions such as heat and moisture. Further, Paints & coatings is an important segment of the market. Pigments are used widely in the formulation of paints. Usage of pigments helps impart brightness, heat stability, and light stability to the paint. Additionally, Dyes that are used by the textile industry are now mostly synthetic. The textile dye segment is characterized by new dyes. These new dyes are regularly developed for meeting the demands of new technology, and overcoming the serious environmental concerns posed by some existing dyes. All these largest applications of Dyes and Pigments are creating a positive impact on the growth of the global Dyes and Pigments market.
However, increasing environmental concerns are resulting in policy changes across the globe, which is anticipated to restraint the growth of the market in the forecast period.
Covid-19 Impact on Dyes and Pigments Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Dyes and Pigments Market Segment Overview
According to Product, the Dyes segment has the largest share of the market in 2020. These products are composed of highly colored organic substances and have prime application in tinting textiles. They have a high resistance to fading and are available in a range of bright shades, which makes them suitable for coloring cotton and rayon. Also, they can form a covalent bond with the fiber during the process of dying. These advantages allow them to hold characteristics, which are superior and desirable over other dyes used in cellulose fibers. This segment is projected to expand further during the forecast period. Moreover, Inorganic pigments generated a higher share in the market as compared to Organic pigments owing to properties, such as good wetting, darker color, and leanness of the product.
Dyes and Pigments Market, By Product
- Dyes
- Reactive Dyes
- Vat Dyes
- Acid Dyes
- Direct Dyes
- Disperse Dyes
- Others
- Pigments
- Organic
- Inorganic
- Dyes
- Printing Inks
- Textiles
- Paper
- Leather
- Others
- Pigments
- Plastics
- Paints & Coatings
- Construction
- Printing Inks
- Others
In terms of region, Asia Pacific was accounted for the largest share of the global Dyes and Pigments market in 2020. Important factors such as favorable manufacturing conditions and leniency in regulations and the easy availability of raw materials and low-cost & skilled manpower are significantly boosts the growth of the market in this region. Additionally, Europe is another major region for Dyes and Pigments. The increasing production capacities of dyes in Europe is an indication of its increasing demand. For instance, in June 2020, Cathay Industries declared, to expand its manufacturing footprint in South East Asia to meet the growing demand for iron oxide pigments from the coating, plastics, and construction industries.
Dyes and Pigments Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Dyes and Pigments Market Competitor overview
Some key developments and strategies adopted by manufacturers in Dyes and Pigments are highlighted below.
· In August 2021, Sun Chemical has launched two new color travel effect pigments, Reflecks MD Midnight Cherry and Reflecks MD Midnight Sapphire, to join its Reflecks MultiDimensions product family.
· In August 2021, DCL Corporation announced that it has acquired Sun Chemical’s manufacturing facility in Goose Creek, SC, USA. This acquisition includes the production and sales of the perylene and quinacridone product portfolios, along with select other specialty products.
Dyes and Pigments Market, Key Players
· BASF SE
· Clariant AG
· DIC Corp.
· Sudarshan Chemical Industries Ltd.
· Atul Ltd.
· Huntsman Corp.
· Kronos Worldwide Inc.
· Lanxess AG
· Kiri Industries Ltd.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Dyes and Pigments Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Dyes
- 5.2.1.1. Reactive Dyes
- 5.2.1.2. Vat Dyes
- 5.2.1.3. Acid Dyes
- 5.2.1.4. Direct Dyes
- 5.2.1.5. Disperse Dyes
- 5.2.1.6. Others
- 5.2.2. Pigments
- 5.2.2.1. Organic
- 5.2.2.2. Inorganic
- 5.2.1. Dyes
- 5.3.1. Dyes
- 5.3.1.1. Printing Inks
- 5.3.1.2. Textiles
- 5.3.1.3. Paper
- 5.3.1.4. Leather
- 5.3.1.5. Others
- 5.3.2. Pigments
- 5.3.2.1. Plastics
- 5.3.2.2. Paints & Coatings
- 5.3.2.3. Construction
- 5.3.2.4. Printing Inks
- 5.3.2.5. Others
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Dyes and Pigments Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Dyes
- 6.2.1.1. Reactive Dyes
- 6.2.1.2. Vat Dyes
- 6.2.1.3. Acid Dyes
- 6.2.1.4. Direct Dyes
- 6.2.1.5. Disperse Dyes
- 6.2.1.6. Others
- 6.2.2. Pigments
- 6.2.2.1. Organic
- 6.2.2.2. Inorganic
- 6.2.1. Dyes
- 6.3.1. Dyes
- 6.3.1.1. Printing Inks
- 6.3.1.2. Textiles
- 6.3.1.3. Paper
- 6.3.1.4. Leather
- 6.3.1.5. Others
- 6.3.2. Pigments
- 6.3.2.1. Plastics
- 6.3.2.2. Paints & Coatings
- 6.3.2.3. Construction
- 6.3.2.4. Printing Inks
- 6.3.2.5. Others
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Dyes and Pigments Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Dyes
- 7.2.1.1. Reactive Dyes
- 7.2.1.2. Vat Dyes
- 7.2.1.3. Acid Dyes
- 7.2.1.4. Direct Dyes
- 7.2.1.5. Disperse Dyes
- 7.2.1.6. Others
- 7.2.2. Pigments
- 7.2.2.1. Organic
- 7.2.2.2. Inorganic
- 7.2.1. Dyes
- 7.3.1. Dyes
- 7.3.1.1. Printing Inks
- 7.3.1.2. Textiles
- 7.3.1.3. Paper
- 7.3.1.4. Leather
- 7.3.1.5. Others
- 7.3.2. Pigments
- 7.3.2.1. Plastics
- 7.3.2.2. Paints & Coatings
- 7.3.2.3. Construction
- 7.3.2.4. Printing Inks
- 7.3.2.5. Others
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Dyes and Pigments Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Dyes
- 8.2.1.1. Reactive Dyes
- 8.2.1.2. Vat Dyes
- 8.2.1.3. Acid Dyes
- 8.2.1.4. Direct Dyes
- 8.2.1.5. Disperse Dyes
- 8.2.1.6. Others
- 8.2.2. Pigments
- 8.2.2.1. Organic
- 8.2.2.2. Inorganic
- 8.2.1. Dyes
- 8.3.1. Dyes
- 8.3.1.1. Printing Inks
- 8.3.1.2. Textiles
- 8.3.1.3. Paper
- 8.3.1.4. Leather
- 8.3.1.5. Others
- 8.3.2. Pigments
- 8.3.2.1. Plastics
- 8.3.2.2. Paints & Coatings
- 8.3.2.3. Construction
- 8.3.2.4. Printing Inks
- 8.3.2.5. Others
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Dyes and Pigments Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Dyes
- 9.2.1.1. Reactive Dyes
- 9.2.1.2. Vat Dyes
- 9.2.1.3. Acid Dyes
- 9.2.1.4. Direct Dyes
- 9.2.1.5. Disperse Dyes
- 9.2.1.6. Others
- 9.2.2. Pigments
- 9.2.2.1. Organic
- 9.2.2.2. Inorganic
- 9.2.1. Dyes
- 9.3.1. Dyes
- 9.3.1.1. Printing Inks
- 9.3.1.2. Textiles
- 9.3.1.3. Paper
- 9.3.1.4. Leather
- 9.3.1.5. Others
- 9.3.2. Pigments
- 9.3.2.1. Plastics
- 9.3.2.2. Paints & Coatings
- 9.3.2.3. Construction
- 9.3.2.4. Printing Inks
- 9.3.2.5. Others
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. BASF SE
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Clariant AG
- 10.6. DIC Corp.
- 10.7. Sudarshan Chemical Industries Ltd.
- 10.8. Atul Ltd.
- 10.9. Huntsman Corp.
- 10.10. Kronos Worldwide Inc.
- 10.11. Lanxess AG
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
