Dyes & Pigments Market Research Report - Forecast till 2030

Dyes & Pigments Market Research Report: By Type (Dyes, Pigments), By End-Use (Textile, Paints & Coatings, Printing Inks, Leather, Plastics, Others) - Forecast to 2030

ID: MRFR/CnM/8816-HCR | February 2021 | Region: Global | 150 pages

Dyes & Pigments Market Overview


In 2020, the dyes and pigments market size is registered as USD 32.9 billion and is anticipated to grow at a significant rate of 5.1% CAGR during the forecast period 2021-2028.


Dyes and pigments are colorants produced from natural and synthetic sources. Dyes are soluble substances used for imparting color to the substrate which is highly preferred in textile and leather industries.  Dyes are applicable in cosmetics, food, plastics, and paper industries. There are various types of dyes such as reactive, disperse, acid, vat, direct, and others. Among them, reactive and disperse are majorly used dyes. Whereas, an insoluble substance is available in powdered or granular form.  Moreover, pigments are divided into organic and inorganic pigments which are highly preferable in inks, and paints & coatings industries.


According to the report of the India Brand Equity Foundation, India’s textile and apparel exports registered at USD 38.70 billion in 2019 and are expected to increase by USD 82.0 billion by 2021.


COVID-19 Analysis:


The COVID-19 pandemic is spread all over the world and impacts various types of business sectors. Some of the impacted industries are food & beverages, construction, automobiles, electrical & electronic devices, and many more. In the same way, the dyes and pigments market is also negatively impacted by the pandemic. To curb the spread of the coronavirus, most of the governments imposed stringent regulations like lockdowns and many others. Due to the lockdowns, manufacturing industries are facing various challenges like supply chain disruptions, lack of raw materials, and shortage of workers which leads to the stoppage of production. The reduced production decline in various end-use industries like paints & coatings, construction sector, and declining demand and sales for the product is declining the market growth. Further, the lifting of lockdown in various regions and reducing corona cases leads to a rapid increase in the market.


Market Dynamics:


Drivers:


High demand for dyes & pigments in the textile industry is the major driving factor of the market growth. The rising use of dyes & pigments in the digital printing sector is boosting market growth. Rising demand from end-use industries like paints & coatings, construction, textiles, and plastics are accelerating the dyes and pigments market growth. The growing population coupled along with rapid industrialization has encouraged governments to increases their construction for their spending on infrastructure development.


Restraint:


Volatile raw material prices like benzene are limiting the growth of the market. The stringent environmental regulations lead to policy changes across the globe which is expected to restrict the market growth during the review period.


Opportunities:


Healthy growth of the textile industry in developing economies may propel the growth of the market. The growing investment in R& D activities and advanced technologies in the dyes and pigments market may create opportunities to boost market growth. The growing construction expenditure across the world is predicted to create massive product demand in the future years.


Challenges:


The factors like water pollution during the production process, high water consumption in the textile industry to rinse dyes, and high metal content in pigments are the major environmental threats. Strict regulations have been imposed in emerging regions like Europe, North America, And China which is the major challenging factor of the market growth.


Study Objectives -



  • To provide detailed information about the dyes and pigments market structure along with various forecast segments and sub-segments for the next 10 years.

  • To provide the factors that are affecting the growth of the dyes and pigments market value.

  • To analyze the dyes and pigments market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the dyes and pigments market revenue for the main geographies.

  • To provide the country-level analysis of the current dyes and pigments market size and future prospective.

  • To provide country-level analysis of the dyes and pigments market industry growth by region, form, and application.

  • To track and analyze new product developments, strategic alliances, and global dyes and pigments market research.


Segment Overview:


The global dyes and pigments market has been divided into segments based on type, end-use industry, and region.


Based on Type


The global dyes and pigments types are bifurcated into, dyes and pigments. In 2019, the dyes segment is holding the largest market share of 65 to 70%. Dyes are produced using crude oil-based organic compounds. The demand for eco-friendly has increased which leads to an increase in bio-degradable colorants. The significant growth of the textile sector in developing economies may increase the demand for dyes. The dyes segment is sub-segmented into reactive dyes, disperse dyes, acid dyes, and direct dyes. Among them, reactive dyes are dominating the maximum share of 50%of overall demand.


Pigments are holding a market share of 30 to 35% of the total market. Pigments are majorly used in the production of paints & coatings and are used in various end-use industries like construction, automotive, and industrial coatings. Pigments using in the production of printing inks are the fastest-growing sectors.


Based on End-user Industry


The global dyes and pigments based on the end-user industry are analyzed into various types as textile, paints & coatings, printing inks, leather, plastics, paper & pulp, and others. Among others, the textile industry is accounting for the maximum share of 50% due to the wide usage of dyes in textile fabrics as cotton, wool, silk, synthetic polyesters, acrylics, polyamides, and polyolefin fibers. Increasing the demand for pigments in the textile industry for digital textile printing applications.


The major consumer of pigments in the paints & coatings industry is propelling the demand for pigments due to rising commercial and residential construction activities in emerging economies.


Based on Region


Region-wise, the global dyes, and pigments are divided into five main geographies like Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Among others, Asia-Pacific is holding the highest share of 60% and is expected to continue its dominance in the coming years due to the high demand for products in expanding textile industry and also the fast-growing construction industries in India and China.


Regional Analysis -


Geographically, the dyes and pigments market is segmented into five major regions like Asia-Pacific, Europe, Latin America, North America, and the Middle East & Africa. Out of these regions, Asia-Pacific is dominating the maximum dyes and pigments market share of 60%  for its high demand for dyes and pigments in the expanding textile industry as well as the fastest-growing construction industry in major economies like India and China. The largest country-level market is the Chinese market and the highest textile producers are switching their production base to China, due to the low energy costs and easy availability of skilled laborers and raw materials.


North America held a share of 15% due to the moderately growing textile industry in this region. Anyway, the growing demand for printing inks as well as dyes for digital textile printing is foster market growth in this region. Due to the rapidly growing construction sector in developing economies, Latin America is anticipated to register healthy growth. Owing to the high growth potential of the textile and construction industries, the Middle East & Africa is holding the smaller share


Competitive Landscape


The prominent key players in the dyes and pigments market outlook are the following:



  • DIC CORPORATION (Japan)

  • Archroma (Switzerland)

  • DyStar (Singapore)

  • Clariant (Switzerland)

  • LANXESS (Germany)’

  • BASF SE (Germany)

  • Kiri Industries Ltd (India)

  • Huntsman International LLC (US)

  • Heubach GmbH (Germany)

  • Neelikon (India)

  • DCL Corporation (Canada)

  • Atul Ltd (India)

  • Cabot Corporation (US)

  • KIWA Chemical Industry Co., Ltd (Japan)

  • Tronox Holdings plc (US)


Recent Developments



  • In September 2016, a famous enterpriser, Eckart introduced its new pigment portfolio along with a new ‘illoom’ concept in London at the packaging innovations exhibitions. The latest products TOPSTAR 06 3000 Brilliant Silver and LUXAN & SYMIC synthetic mica were introduced for printing and art applications whereas illoom offers designers opportunities to enhance their designs and sketches.

  • In September 2016, one of the leading key players, Huntsman introduced a new titanium dioxide pigment named HOMBITAN AFDC 101 which can be used alone or in combination with other color pigments. This pigment is mostly preferred in cosmetic applications and offers better opacity to the products.

  • In August 2016, in Germany, the highly populated, HEUBACH GmbH expanded its inorganic pigments production capacity at their current site and it fulfills the requirements of customers.


Report Overview:


This global dyes and pigments market research include the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the dyes and pigments market drivers, restraints, challenges, and opportunities. The dyes and pigments market forecast segments are types, end-use industry, and region.


Segmentation Table


The dyes and pigments market trends have been segmented globally based on the type, end-use industry, and region.


By Type


Dyes and pigments


By End-user Industry


Textile, paints & coatings, printing inks, leather, plastics, paper & pulp, and others.


By Region


Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the dyes and pigments market.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2027: USD 43 Billion
  • 2030 : Significant value
  •   CAGR   5% (2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors and Trends
      Segments Covered   Type and End-Use
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   DIC CORPORATION (Japan), Archroma (Switzerland), DyStar (Singapore), Clariant (Switzerland), LANXESS (Germany), BASF SE (Germany), Kiri Industries Ltd (India), Huntsman International LLC (US), Heubach GmbH (Germany), Neelikon (India), DCL Corporation (Canada), Atul Ltd (India), Cabot Corporation (US)
      Key Market Opportunities   Healthy growth of the textile sector in the developing economies
      Key Market Drivers

  • High demand for dyes & pigments in the textile industry
  • Increasing use of dyes & pigments in the digital printing sector


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    Frequently Asked Questions (FAQ) :


    Global dyes and pigments market is estimated to thrive at a CAGR of 5.1% during the forecast period from 2020 to 2027.

    Global dyes and pigments market has been segmented on the basis of type, end-use industry, and region.

    The APAC region is projected to expand at the fastest pace during the review period.

    Huntsman International LLC (US), LANXESS (Germany), Tronox Holdings plc (US), and DyStar (Singapore) are some of the key players of the global dyes and pigments market.