Dyes & Pigments Market, Key Player, Analysis, Type and Business Opportunities, Current Trends, Forecast by 2030
Research Reports
Mar 25, 2022
Dyes & Pigments Market Overview
In 2020, the dyes and pigments market size was registered as USD 32.9 billion and was anticipated to grow at a significant rate of 5.1?GR during 2021-2028.
The outbreak of the COVID-19 pandemic is spread worldwide 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 coronavirus spread, most governments imposed stringent regulations like lockdowns and many others.
Dyes and pigments, as market variants, are colorants produced from natural and synthetic sources. Dyes are soluble substances used for imparting color to the substrate, which is highly preferred in the textile and others like the leather industry. Dyes are applicable in other sectors like cosmetics, food, plastics, and paper industries. There are various dyes such as reactive, disperse, acid, vat, direct, and others. Among them, reactive and disperse are majorly used dyes. At the same time, an insoluble substance is available in powdered or granular form. Moreover, pigments are divided into organic and inorganic pigments, which are preferable in inks, and paints & coatings industries.
According to the India Brand Equity Foundation report, 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.
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Key Players
The major market players in the market are
- 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)
Dyes & Pigments Market Segmentation
The global dyes and pigments market has been divided into type, end-use industry, and region.
Based on Type
Pigments are majorly used in producing paints & coatings and are used in various end-use industries like construction, automotive, and industrial coatings.
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.
Based on Region
The global dyes and pigments are divided into five main geographies: Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
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Regional Classification
The dyes and pigments market is segmented into five major countries like Asia-Pacific, Europe, Latin America, North America, and the Middle East & Africa. Out of these regions, the Asian Pacific region dominates the maximum dyes and pigments market share of 60% for its high demand for dyes and pigments in the expanding textile industry and the fastest-growing construction industry in major economies like India and China. The largest country-level market is the Chinese region. 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.
Recent Development
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.
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Table of Content
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.3 ASSUMPTIONS & LIMITATIONS
2.4 MARKET STRUCTURE
2.5 KEY TAKEAWAYS
3 MARKET INSIGHTS
4 RESEARCH METHODOLOGY
4.1 RESEARCH PROCESS
4.2 PRIMARY RESEARCH
4.3 SECONDARY RESEARCH
4.4 MARKET SIZE ESTIMATION
4.5 FORECAST MODEL
5 MARKET DYNAMICS
5.1 INTRODUCTION
5.2 DRIVERS
5.2.1 HIGH DEMAND FOR DYES & PIGMENTS IN THE TEXTILE INDUSTRY
5.2.2 EXPANDING TEXTILE INDUSTRY IN ASIA-PACIFIC AND THE MIDDLE EAST
5.2.3 INCREASING USE OF DYES & PIGMENTS IN THE DIGITAL PRINTING SECTOR
5.2.4 HEALTHY GROWTH OF THE CONSTRUCTION INDUSTRY IN THE DEVELOPING ECONOMIES
5.3 RESTRAINTS
5.3.1 STRINGENT REGULATORY FRAMEWORK PERTAINING TO THE USE OF SYNTHETIC DYES
5.3.2 VOLATILE RAW MATERIAL PRICES
5.4 OPPORTUNITIES
5.5 CHALLENGES
6 MARKET FACTOR ANALYSIS
6.1 SUPPLY CHAIN ANALYSIS
6.1.1 RAW MATERIAL SUPPLIERS
6.1.2 MANUFACTURERS/PRODUCERS
6.1.3 DISTRIBUTORS/RETAILERS/WHOLESALERS/E-COMMERCE MERCHANTS
6.1.4 END-USERS
6.2 PORTER’S FIVE FORCES ANALYSIS
6.2.1 THREAT OF NEW ENTRANTS
6.2.2 INTENSITY OF COMPETITIVE RIVALRY
6.2.3 THREAT OF SUBSTITUTES
6.2.4 BARGAINING POWER OF SUPPLIERS
6.2.5 BARGAINING POWER OF BUYERS
6.3 PRICING ANALYSIS
6.4 IMPACT OF COVID-19 ON THE GLOBAL MARKET
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