The global Dyes & Pigments market size is expected to be worth around US$ 61.7 billion by 2030, according to a new report by Vision Research Reports.
The global Dyes & Pigments market size was valued at US$ 42.9 billion in 2020 and is anticipated to grow at a CAGR of 6.1% during forecast period 2021 to 2030.
The market is projected to witness substantial growth in product consumption on account of high application scope coupled with increasing demand from the and application segments. The product demand in the Asia Pacific is expected to grow at the fastest CAGR during the forecast period. The growing construction industry, rapid industrialization & urbanization, and increasing consumer disposable income levels in the emerging economies are the primary factors driving the regional market. Moreover, strong support, various initiatives, and increasing investments by the government are propelling the growth of the construction industry in the region, which, in turn, is anticipated to fuel the product demand.
Increasing utilization of plastics in consumer goods is anticipated to provide a positive scope for market growth over the forecast period. Pigments are added to polymers to obtain the specific colors in plastic products. Its use in plastics depends upon its weatherability and aging, light fastness, warping and nucleation, and transparency. The demand for inorganic pigments is higher than organic in plastics. The organic pigments tend to form clumps owing to their poor dispersion, which further results in spots and specks in the final product. As a result, inorganic pigments are a preferable option as they are easily dispersed. Titanium dioxide is the most commonly used inorganic pigment in the plastics application segment.
Based on product type, reactive and disperse dyes are expected to witness major demand during the projected period. Dyes cover a broad range of applications from textiles to organic LEDs and Liquid Crystal Displays (LCD). Properties, such as enhanced dyeing efficiency, photophysical/photochemical properties, and improved quality to reduce toxicity, are anticipated to propel the growth of reactive and disperse dyes in the next eight years.
The reactive dyes segment dominated the market with a revenue share of more than 56% in 2020. These products are composed of highly colored organic substances and have primary 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. Moreover, they can form a covalent bond with the fiber during the process of dyeing. It also includes a parent dye, a linking group, and an active group. These advantages enable them to possess characteristics, which are superior and preferable over other dyes used in cellulose fibers. The segment is estimated to expand further at the fastest CAGR from 2021 to 2028.
Inorganic pigments earned a higher share in the market as compared to organic pigments due to properties, such as good wetting, darker color, and leanness. However, the organic pigments segment is anticipated to register the fastest CAGR of 5.6%, in terms of revenue, from 2021 to 2028. Stringent regulations affecting the inorganic pigments demand are also likely to provide positive scope for organic pigments through internal substitution of the product.
The textiles segment dominated the dyes market with a share of over 62%, in terms of revenue, in 2020. However, the printing inks segment is estimated to register the fastest CAGR from 2021 to 2028. The growing digital printing sector is anticipated to fuel the demand for dyes in printing inks application. Countries, such as India and China, are major producers of dyes, which is likely to provide positive scope for printing inks application across the Asia Pacific region.
Dyes are used in inks for giving desired color and density. Dyes can produce more color and density per unit of mass than pigments. The dye-based inks have the ability to interact chemically with other ingredients. Hence, they give a better picture than pigment-based inks on the addition of optical brighteners and color-enhancing agents. These factors are anticipated to boost the product demand in the printing inks application segment.
Asia Pacific was the dominant regional market and accounted for over 62% of the global revenue share in 2020. The market faces strict regulations that obstruct product usage as well as production in North America and Europe. Thus, the production facilities are being shifted to the Asia Pacific region owing to favorable manufacturing conditions and leniency in regulations. This is supported by the easy availability of raw materials and low-cost & skilled manpower.
Europe accounted for over 17% of the overall revenue share in 2020. The increasing production capacities of dyes in Europe is an indication of its increasing demand. For instance, in June 2020, Cathay Industries announced to expand its manufacturing footprint in South East Asia to meet the increasing demand for iron oxide pigments from the coating, plastics, and construction industries.
Sudarshan Chemical Industries Ltd.
Kronos Worldwide Inc.
Kiri Industries Ltd.
Paints & Coatings
Central & South America
Middle East & Africa
The Dyes & Pigments market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Dyes & Pigments market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Dyes & Pigments market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Dyes & Pigments market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Dyes & Pigments market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Dyes & Pigments capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Dyes & Pigments by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Dyes & Pigments market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Dyes & Pigments market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Dyes & Pigments market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Dyes & Pigments industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Dyes & Pigments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Dyes & Pigments market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Dyes & Pigments market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Dyes & Pigments market. These factors have benefited the growth of the global market for Dyes & Pigments. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Dyes & Pigments. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Dyes & Pigments are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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