The dyes and pigments market was estimated at US$ 29,638 million in the year 2021 and is expected to register a CAGR of 4% over the forecast period 2022-2027
Dyes and pigments are substances that give a material color and are termed colorants frequently used in paints & coatings, plastics, textiles, and printing inks industries. Dyes are finer than pigments and not stable in UV, while pigments are typically stable in UV conditions. Dyes dissolve the coloring matter in the air and are absorbed into the substance they are applied to. This factor results in higher usage of products for surface protection and corrosion prevention. Textile and paints & coatings industries are on the increase due to population increase and economic development, thereby surging product demand. Moreover, the growing e-commerce industry led to a rise in printing inks demand, which is driving the dyes and pigments market growth.Rising demand for dyes and pigments from the packaging industry is one of the prime drivers for the global printing ink industry. The steady progress of e-commerce and the growing demand for foreign shipping of non-consumer products is expected to boost the packaging sector during the forecast period. Paperboard packaging has become relevant in the packaging sector and printing ink industry due to its durable design property. Rapid globalization has also led to the rising demand for printing ink, which is likely to remain a key driver for industry growth during the forecast period. Strong demand from package printing, package printing, publishing, and other industrial printing industries is anticipated to boost the growth of the printing ink industry. The product is extensively used in printing ink, which is one of the leading market trends. Inks are either paste or liquid and are preferably used for tattoos, coloring, and printing.
03.21.19: Clariant Launches First Bio-Based Version of Pigment Red 254--
Pigment Red 254 is the automotive industry’s most widely-used red pigment for exterior coatings. Clariant is the only pigment producer to offer high-performance diketopyrrolo pyrrole (DPP) pigments, such as Pigment Red 254 and other red, pink and violet shades, based on renewable raw materials, says the company. It is pioneering the use of succinic acid derived from renewable resources rather than from crude oil for manufacturing all of its DPP reds.
11 March 2019: BASF’s Colors & Effects® brand introduces a cosmic blue stir-in pigment with the pioneering eXpand™ technology at the European Coatings Show--
BASF announced today the second stir-in pigment for automotive coatings with the pioneering eXpand!™ technology, enabling enhanced color depth, flop and sparkle. eXpand! Blue EH 6001, marketed under the Colors & Effects® brand, is the second pigment with the pioneering stir-in technology resulting from the strategic partnership between BASF and Landa Labs.
Dyes and Pigments Market is segmented based on the type, applications, companies, and regions.
By Type, Dyes and Pigments Market has been segmented into
By Application, Dyes and Pigments Market has been segmented into,
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.
The textiles segment dominated the dyes market with a share of over 65%, 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.
The report offers an in-depth assessment of the growth and other aspects of the Dyes and Pigments Market in important regions, including the
In 2020, Asia Pacific was the most important regional market, accounting for almost 61 percent of worldwide sales. In North America and Europe, there are strong laws that obstruct product usage and production. As a result of excellent manufacturing circumstances and regulatory leniency, production facilities are being moved to the Asia Pacific region. The simple availability of raw resources, as well as low-cost and experienced labor, helps to support this.
In 2020, Europe contributed more than 16 percent of total sales. Dye manufacturing capacity is increasing in Europe, indicating that demand is growing. Cathay Industries, for example, said in June 2020 that it will expand its manufacturing footprint in Southeast Asia to address the rising demand for iron oxide pigments in the coatings, plastics, and construction industries.
Forecast Period 2022 to 2027 CAGR
CAGR of 4% over the forecast period (2022-2027)
Archroma, Huntsman, Kiri Industries, Nippon Kayaku, Kyung-In, Colourtex, Jay Chemicals, Everlight Chemical, BEZEMA, Bodal Chemical, Sumitomo, Eksoy, Aarti Industries Ltd, Osaka Godo, Setas, Atul, Anand International, LonSen, Runtu, Jihua Group, Transfar, Hubei Chuyuan, Tianjin Hongfa, YaBuLai Dyestuff, Yabang, Linfen Dyeing, Dalian Dyestuffs, Zhongdan, ANOKY, Tianjin Dek Chemical, Zhejiang Jinguang Industrial, Matex Chemicals, DyStar, BASF, Clariant, DIC, Toyoink, North American Chemical, Lily Group, Heubach Group, Sudarshan, Jeco Group, Xinguang
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
What is the growth rate of Dyes and Pigments Market?
The Dyes and Pigments Market is growing at a CAGR of 4% over the next 5 years.
Who are the key players in Dyes and Pigments Market?
Archroma, Huntsman, Kiri Industries, Nippon Kayaku, Kyung-In, Colourtex, Jay Chemicals, Everlight Chemical, BEZEMA, Bodal Chemical, Sumitomo, Eksoy, Aarti Industries Ltd, Osaka Godo, Setas, Atul, Anand International, LonSen, Runtu, Jihua Group, Transfar, Hubei Chuyuan, Tianjin Hongfa, YaBuLai Dyestuff, Yabang, Linfen Dyeing, Dalian Dyestuffs, Zhongdan, ANOKY, Tianjin Dek Chemical, Zhejiang Jinguang Industrial, Matex Chemicals, DyStar, BASF, Clariant, DIC, Toyoink, North American Chemical, Lily Group, Heubach Group, Sudarshan, Jeco Group, Xinguang.
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