The latest report by IMARC Group, titled "Dyes and Pigments Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," finds that the global dyes and pigments market reached a value of US$ 36.3 Billion in 2022. Dyes and pigments are coloring agents used to add colors to textiles, papers, leathers, rubbers, and beverages. Dyes are fine water-soluble pigments that are majorly used in a liquid form on fabrics, leather, plastics, paper, and wood products. On the other hand, pigments are small insoluble particles that disperse in liquid paint or ink. They are ultraviolet (UV) stable and usually mixed with a dispersing agent that coats the pigment onto the surface of the material. Owing to these properties, dyes and pigments find extensive applications across various industrial verticals.
Global Dyes and Pigments Market Trends:
The market is primarily driven by the rising product adoption in the construction, chemical, and pharmaceutical industries. In addition, the increasing utilization of dyes and pigments in paint and coating applications represents another major growth-inducing factor. For instance, dispersed dyes are primarily used to color polyesters and cotton fabrics. Moreover, they are widely used in the construction industry for dying concrete masonry, tiles, pavers, pipes, panels, and precast walls, as they enhance the opacity, overall aesthetic appeal, and durability of the products. This, coupled with the emergence of organic dyes and pigments due to the increasing environmental consciousness among the masses, is also contributing to market growth. Furthermore, various product innovations, such as the development of corrosion and ultraviolet (UV)-resistant variants, are anticipated to propel the market growth in the coming years. Looking forward, IMARC Group expects the market to reach US$ 45.7 Billion by 2028, exhibiting a CAGR of 3.8% during the forecast period (2023-2028).
- Based on the product type, the market has been bifurcated into dyes (reactive, disperse, direct, sulfur, vat, azo, and other dyes) and pigments (organic and inorganic).
- On the basis of the application, the market has been segmented into paints and coatings, textile, printing inks, plastic coloring, construction materials, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined in the report, with some of the key players being Altana AG (SKion GmbH), Atul Ltd., Bodal Chemical Ltd., Clariant AG, Cabot Corporation, Carl Schlenk AG, DIC Corporation, DuPont de Nemours Inc., Ferro Corporation, Flint Group GmbH, Huntsman Corporation Chemical Business (Indorama Ventures), Kronos Worldwide Inc. (Contran Corp.), and Sudarshan Chemical Industries Limited.
|Base Year of the Analysis
||Product Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Altana AG (SKion GmbH), Atul Ltd., Bodal Chemical Ltd., Clariant AG, Cabot Corporation, Carl Schlenk AG, DIC Corporation, DuPont de Nemours Inc., Ferro Corporation, Flint Group GmbH, Huntsman Corporation Chemical Business (Indorama Ventures), Kronos Worldwide Inc. (Contran Corp.) and Sudarshan Chemical Industries Limited
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