Dyes and Pigments Market Size and By Region – Global Opportunities & Forecast 2021-2028


Dyes and Pigments Market

The Dyes and Pigments Market was valued at USD 39,812 Million in 2020 and is projected to expand at a CAGR of 5.3% over the forecast period, owing to the easy accessibility of products on e-commerce platforms and expansion in the construction sector.

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Dyes and Pigments Market Dynamics

Dyes are soluble inorganic compounds that can be used colorants, majorly in the textile industry. Pigments are white, black, or colored natural substances produced as fine powders required to create colour or opacity in a coating like rubber, plastics, paint or additives to inks, or paper. Growing demand for dyes and pigments from textile industries is one of the major factors fuelling the dyes and pigments market. As per the IBEF, India exported textiles and apparel of USD 23 billion in 2020 and the export is projected to touch USD 82 billion in 2021.

Dyes and pigments provide paint and coatings with colours and finish to serve the underlying surface from weathering to hold the paint intact. Thus, the demand for dyes and pigments in the paint and coating industry has propelled the market growth. As per the American coating Association, USD 13.6 billion of architectural coatings shipped and USD 7.7 billion of industrial OEM coating were supplied and USD 5.3 billion of special-purpose coating were exported. However, rigorous norms regarding the waste produced during the production of dyes and pigments will restrain the dyes and pigments market size.

The reactive segment is projected to expand at a faster rate over the forecast period. Reactive dyes are dyes made up of a covalent bond with the fiber and form an important of the fiber. These dyes are used across cellulosic fiber such as rayon, cotton, or flax, but polyamide, silk, wool, and acetate fibers. For instance, Huntsman International LLC. provide Novacron reactive dyes for dyeing and printing of cellulosic fibers.

Market Segmentation
Dyes and Pigments Market by Dyes Type

·         Reactive

·         Disperse

·         Vat

·         Acid

·         Others

Dyes and Pigments Market by Pigment Type

·         Organic

·         Inorganic

Dyes and Pigments Market by End-Users

·         Textiles

·         Paints & Coating

·         Leather

·         Paper

·         Printing Ink

·         Others

Dyes and Pigments Market by Region:

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

 

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