According to MRFR analysis, Global Dyes & Pigments Market is projected to register a CAGR of 5% during the forecast period, 2020–2027, with a projected market value of around USD 43 Billion in 2027.
Dyes and pigments are colorants derived from natural and synthetic sources. Dyes are soluble substances used to impart color to the substrate and are largely used in the textile and leather industries. Food, cosmetics, plastics, and paper industries are among the other industries wherein dyes are applicable. There are several types of dyes (reactive, disperse, acid, vat, direct, and among others); however, reactive and disperse dyes are the most widely used varieties. Pigments, on the other hand, are insoluble substances available in either powdered or granular form. Pigments can be broadly classified into organic and inorganic pigments and are widely used in paints & coating and inks industries.
The key factor driving the growth of the global market is the high demand for dyes in the textile industry. The textile industry is the largest consumer of dyes accounting for over 50% of the global demand for dyes. The demand for textile dyes is primarily dependent on the growth of the textile industry. The textile industry is expected to witness healthy growth and is poised on a rising growth curve owing to the increasing demand for high quality and vibrant fabric. With the growing consumer spending and awareness, the demand for fabrics that can retain its vibrant colors and print for long durations is increasing. Owing to these factors, more considerable efforts are directed towards the development of eco-friendly and highly efficient dyes.
The growth of the construction industry in the developing countries of Asia-Pacific and the Middle East & Africa due to the rise in residential and commercial construction activities has fueled the demand for paints & coating products, and hence, for dyes & pigments. The increasing investments in commercial construction activities by the governments of developing economies for infrastructural developments are fueling the demand for paints and coating products. The surge in the commercial & residential construction sector in the developing economies is expected to boost the demand for dyes & pigments in the years to follow.
The dyes and pigments used commercially are required to meet the specific regulatory standards set by the specific country to be safe for use in particular applications. These regulations vary by country or region and by the desired application.
- The European Commission published Regulation (EU) 2018/1513, which restricts certain carcinogenic, mutagenic, or toxic for reproduction (CMR) substances in apparel, footwear, and other textile consumer products. This new EU-wide restriction is expected to be applicable from October 2020, limits the use of 33 substances classified as carcinogenic, mutagenic, or toxic for reproduction (CMR). The classes of these restricted substances include metals, azo dyes and other arylamines, carcinogenic dyestuffs, formaldehyde, and others.
- The Plastics Regulation (EU) No 10/2011 regulates the use of additives in plastics manufacturing. Colorants are considered additives, and according to the Annex II of the Plastics Regulation, plastic materials and articles shall not release primary aromatic amines (PAAs) in a detectable quantity into food and prescribes a detection limit a 0.01 mg/kg for the total of PAAs (apart from those specifically listed in the Plastics Regulation’s positive list). Additionally, the Plastics Regulation imposes an overall migration limit (OML) of 10 mg/dm2 (or 60 mg/kg in certain circumstances) from the final food contact article, and contributions from colorants must be considered when determining compliance with the OML.
- In the US, color additives are subject to a strict system of approval under US law [Federal Food, Drug, and Cosmetic Act (FD&C Act), sec. 721; 21 U.S.C. 379e]. The FDA must approve all color additives used in cosmetics (or any other FDA-regulated product).
- In the EU, food colors are regulated as food additives under a comprehensive set of regulations for food improvement agents. Regulation (EC) No. 1331/2008 (EC 2008a) sets out a common authorization procedure, and Regulation (EC) No. 1333/2008 (EC 2008c) on food additives and its amendment, Regulation (EC) No. 1129/2011 (EC 2011), include the rules for food colors.
- High demand for dyes & pigments in the textile industry
- Expanding textile industry in Asia-Pacific and the Middle East
- Increasing use of dyes & pigments in the digital printing sector
- Healthy growth of the construction industry in the developing economies
- Stringent regulatory framework pertaining to the use of synthetic dyes
- Volatile raw material prices
- Dyes: The dyes segment held the larger share of the market, around 65 to 70%, in 2019. Dyes are derived from natural sources or manufactured using crude-oil based organic compounds. The demand for environment-friendly has considerably increased in recent years, which has been a key factor driving the demand for sustainable and bio-degradable colorants. The healthy growth of the textile sector in the developing economies is expected to boost the demand for dyes in the years to follow. The dyes segment is further classified into reactive dyes, disperse dyes, acid dyes, and direct dyes, among others. The reactive dyes sub-segment held the largest share of over 50% of the overall demand for dyes in 2019.
- Pigments: The pigments segment held a market share of around 30 to 35%of the global market in 2019. Pigments are primarily consumed in the formulation of paints & coatings, which are further used in a variety of end-use industries such as construction, automotive, and industrial coatings. The demand for pigments is closely associated with the growth of these end-use industries. Moreover, pigments are largely consumed in the production of printing inks, which is one of the fastest-growing sectors in the global market.
By End-Use Industry
- Textile: The textile industry is the major end-use industry segment of the dyes & pigments market, with a share of over 50% in 2019. Dyes are largely used for textile fabrics such as cotton, wool, silk, synthetic polyesters, acrylics, polyamides, and polyolefin fibers. The demand for pigments is increasing in the textile industry for digital textile printing applications.
- Paints & Coatings: The paints & coatings industry is the major consumer of pigments. The growth of the paints & coatings industry is further expected to boost the demand for pigments. Growing commercial and residential construction activities in the emerging economies across the globe are likely to favor the growth of the segment in the years to follow.
- Printing Inks: The printing inks segment is the fastest-growing end-use industry segment and is projected to register a CAGR of over 6% during the study period. Pigments are widely used in manufacturing printing inks, and these inks are further used in a broad range of decorative and functional applications.
- Leather: The leather industry is the other major consumer of dyes, where dyes are used to add aesthetic appearance to synthetic or natural leather materials. Water-based leather dyes (leather pigments) are also increasingly used owing to the high eco-profile of these products.
- Plastics: Pigments are used in the plastics industry as colorants for improving usability and quality and also the aesthetic appearance of plastic products. Some colorants also play a role in enhancing the functionality of products. For example, automobile bumpers and containers use carbon black as plastic colorants to improve weather resistance.
- Pulp & Paper: Basic and direct dyes are now largely used in the pulp & paper industry.
- Others: The others segment includes food & beverages and personal care & cosmetics.
- North America
- Latin America
- Middle East & Africa
- North America: The regional market held approximately a 15% share of the market in 2019. The moderately growing textile industry in the region is likely to be a key challenge for market growth. However, the rising demand for printing inks as well as dyes for digital textile printing is likely to favor the growth of the regional market during the forecast period.
- Europe: The European market is expected to register sluggish growth during the forecast period. The developed and stagnant construction sector and the stringent regulations for the use of synthetic dyes in the region are likely to limit the regional market growth.
- Asia-Pacific: The market in Asia-Pacific for dyes & pigments accounted for the largest share of over 60% in 2019 and is projected to remain the dominant regional market during the forecast period. This is mainly attributed to the high demand for the product in the expanding textile industry as well as the fast-growing construction industry in major economies such as China and India. The Chinese market is the largest country-level market, and significant textile producers are shifting their production base to China, owing to the low energy costs and availability of skilled labor and raw materials.
- Latin America: The regional market is expected to register healthy growth owing to the rapidly growing construction sector in the developing economies.
- Middle East & Africa: The regional market in the Middle East & Africa for dyes & pigments held a relatively smaller share in 2019. The regional market is expected to witness healthy growth in the coming years owing to the high growth potential of the textile and construction industries in the region.
- 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)
Frequently Asked Questions (FAQ) :
Global dyes and pigments market is anticipated to hold a notable market value during the forecast period from 2020 to 2027.
Global dyes and pigments market is estimated to thrive at a CAGR of 5% 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.