Dyes & Pigments Market would exhibit the highest CAGR of 5% during 2022-2030
Research Reports
Dec 16, 2022
The dyes and pigments market is projected to grow USD 56.23 billion by 2030, at a CAGR of 5% during the forecast period 2022-2030.
The reason behind this prediction is because of an upward inclination in the demand of pigments & dyes in the numerous industries like Paintings & coatings, Textiles, Construction, Plastics, Cosmetics, Food & Paper industries. These Dyes & Pigments are colorant products which have been usually extracted from the natural & synthetic sources. Because of this, the growth of this market is showing an upward movement.
With respect to the Covid-19, Since this was the phase where, every industry, be it Beverage, Hotel & tourism, Automobile, Construction & many more industries were badly impacted. In a similar way, Dyes & Pigments Market too showed a negative impact because, due to the Lockdown & imposition of strict rules from the government has led to the various problems like stoppage of Production, lack of raw material, Restrictions on Export & much more. For a time being, End of the pandemic has shown the growth of this dyes & pigments market.
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Regional analysis
In terms of geographical area, the market has been segregated into 5 main geographical regions like Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Out of the 5 areas the Dyes & Pigments Market is largely dominated by Asia-Pacific, holding a market share of 60%. This has been possible because of the rise in the demand for the dyes & Pigments, also other factors which have impacted here are favorable manufacturing conditions, easy availability of raw materials & skilled manpower.
Another region, North America is expected to acquire a market share of 15%. This is due to an increase in the demand of printing inks & dyes for digital textile printing.
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Market Segmentation
The Dyes & Pigments Market has been broadly fragmented into 2 segments. Each segment has been further Segmented into sub-segments in order to gain fruitful results. The segmentation has been done on the basis of Type & End user.
On the basis of Type, the market has been divided into Dyes & Pigments. Dyes have been further separated into reactive dyes, disperse dyes, acid dyes, and direct dyes. Based on End users, it’s been classified into Textile, paints & coatings, printing inks, leather, plastics, paper & pulp, and others.
Key players
The dominant key companies of this Dyes & Pigments Market are from Japan, India, US, Germany, Switzerland, Singapore & Canada. They are as follows 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)
These lead players use prominent colors & adopt tech collaborations and invest a huge amount in research & development.
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