USD 36.26 billion
Dyes & Pigment Market Size, Share, Growth Analysis, By Application(Textiles, paints & coatings, construction, plastics), By End-User(Consumer Electronics, Healthcare, Automotive, Aerospace & Defense), By Region(North America, Europe, Asia Pacific, Latin America), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2263 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
95
|Figures:
76
Dyes & Pigment Market Insights
Dyes & Pigment Market size was valued at USD 36.26 billion in 2019 and is poised to grow from USD 38.2 billion in 2023 to USD 57.8 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).
Increasing demand from various application industries, such as textiles, paints & coatings, construction, and plastic, is expected to drive the market growth. Major producers are actively venturing into enhancing their products by utilizing advanced technologies for the efficient removal of hazardous pollutants during the manufacturing process. Manufacturers are likely to experience varied production costs due to volatility in the prices of raw materials, such as benzene. A wide distribution network in the market is achieved through both physical retail stores and online retailing.
The availability of products on e-commerce platforms has increased the client base of market participants. Rapid growth in the global construction industry has also been a key growth-driving factor for the overall market. Countries, such as the U.S., the U.K., China, Indonesia, India, Saudi Arabia, and UAE, are the major countries exhibiting significant global growth potential in the construction sector. The rising population coupled with rapid industrialization has encouraged governments to increase their construction spending for infrastructural development. Thus, an increase in construction expenditure across the world is expected to create massive product demand in the coming years. However, increasing environmental concerns are resulting in policy changes across the globe, which is anticipated to restrain the market growth during the forecast period. Factors, such as water pollution during the manufacturing processes, high metal content in pigments, and excessive water consumption in the textile industry to rinse dyes, are the major environmental threats. Stringent regulations have been imposed in regions, such as Europe, North America, and China, which may challenge the market growth.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
construction
Fastest Growth
construction
Growth Rate
5.3% CAGR
Global Dyes & Pigment Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Dyes & Pigment Market Segmental Analysis
Global Dyes & Pigment market is segmented on the basis of application, end-user, and the region as well. By application, the market is segmented into Textiles, paints & coatings, construction, and plastics. By end-user, the market is categorized into consumer electronics, healthcare, automotive, aerospace & defence, and others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Dyes & Pigment Market Analysis by Application
By application, theThe textiles segment dominated the dyes market with a share of more than 62.0%, in terms of revenue, during 2021. However, the printing inks segment is estimated to register the fastest CAGR from 2022 to 2028.
The growing digital printing sector is expected to fuel the demand for dyes in printing inks application. Countries, such as India and China, are the major producers of dyes, which is likely to provide positive scope for printing inks application across the Asia Pacific region.
Dyes & Pigment Market Analysis by End-User
A turnaround in these important industries and their rising demand in these applications are two factors contributing to the growth of the dyes and pigments market. Because of expanding infrastructure, the paints and coatings sector is expanding rapidly.
A substantial market for paints and coatings is anticipated in Asia-Pacific because of rising population and infrastructural development.
Thus, by offering a variety of dyes to meet the expansion in the Asia-Pacific paints sector, dyes and pigments firms can increase their profit margin, which will boost their revenue and market share.
Global Dyes & Pigment Market By application type, 2021 (%)
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Dyes & Pigment Market Regional Insights
Globally, The dyes and pigments market is expected to be dominated by Asia Pacific. The market in the Asia Pacific area is predicted to grow favourably over the next years, reaching a value of USD 15.91 billion in 2021. Additionally, the expansion of the textile industry in the area can help the market develop. Additionally, the expansion of the textile industry in the area can help the market develop.
The rapidly growing textile industry in the United States is expected to be the main factor in the usage of dyes and pigments in North America.
In addition, it is projected that the sector would grow as a result of the growing usage of titanium dioxide as a pigment in manufacturing.
It is anticipated that the growing product consumption in the leather industry in Europe will enhance the usage of dyes and pigments. In addition, the expanding demand for it in industries including as clothing, furniture, and footwear, as well as the automotive sector, is anticipated to drive the expansion of the market.
Global Dyes & Pigment Market By Geography, 2021-2028
- Largest
- Fastest
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Dyes & Pigment Market Dynamics
Dyes & Pigment Market Drivers
Expansion of Dyes & Pigment Usage in New Industries will Boost its Demand during Forecast Period
- Both dyes and pigments are chemicals that are utilized in the process of imparting colour to a material. It is probable that the expansion of the coatings and paints industry will be fueled by the growing demand for the product in the sector.
- In addition, an increased understanding of the corrosion resistance, mechanical strength, toughness, transparency, and colour of the solids is anticipated to boost demand for them. In addition to this, the expanding use of chemicals in the ornamental, automotive, and architectural industries is are anticipated to boost sales of dyes and pigment in global market.
Dyes & Pigment Market Restraint
Stringent Regulations to Hinder Growth of Dyes & Pigment in Global Market
- One of the primary aspects that is anticipated to be one of the primary factors restricting the growth of the dyes and pigments market is the increasing number of regulatory constraints placed on the manufacture of dyes and pigments.
- The Environmental Protection Agency of the United States has adopted laws that identify potential consequences of waste generated from the production of product classes including azo, triarylmethane, anthraquinone dye, and pigment.
- Factors, such as water pollution during the manufacturing processes, high metal content in pigments, and excessive water consumption in the textile industry to rinse dyes, are the major environmental threats.
- Stringent regulations have been imposed in regions, such as Europe, North America, and China, which may challenge market growth.
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Dyes & Pigment Market Competitive Landscape
GThe global Dyes & Pigment market is fairly fragmented with the presence of several big players such as Toyo Ink SC Holdings Co., Kemira Oyj, Ishihara Corporationin nature due to the presence of various regional and international players. Major payers are primarily focusing on the development, innovation, and efficiency of products to provide various benefits related to productproducts. Increasing R&D investments is another strategy opting opted by key players to strengthen their market position.
Dyes & Pigment Market Top Players Company Profiles
- BASF SE
- Clariant AG
- Huntsman Corporation
- DIC Corporation
- Cabot Corporation
- Kronos Worldwide, Inc.
- Lanxess AG
- Heubach GmbH
- Sudarshan Chemical Industries Ltd.
- The Chemours Company
- Sun Chemical Corporation
- Ferro Corporation
- Cathay Industries Group
- Tronox Limited
- Meghmani Pigments
- Atul Ltd.
- Kiri Industries Ltd.
- Archroma
- Synthesia, a.s.
- Dystar Group.
Dyes & Pigment Market Recent Developments
- In January 2022, the sale of Clariant's Pigments business to a partnership comprised of Heubach Group ("Heubach") and SK Capital Partners ("SK Capital") was successful. Despite this, the corporation continues to own an interest in the newly created Group equal to twenty percent.
- In June 2021, In continuing with the statement made in August 2019, DIC Corporation has successfully completed the acquisition of BASF's global pigments business, which is referred to as BASF Colours & Effects (BCE). ..
- In July 2021, the names of these revolutionary new colour travel pigments are Reflecks MD Midnight Sapphire and Reflecks MD Midnight Cherry. They were introduced by Sun Chemical.
Dyes & Pigment Key Market Trends
Rapid industrialization and Fast Fashion Trend to Boost Demand for Dyes & Pigment
- China, Japan, India, and the United States control the worldwide textile market. China was the world's top manufacturer and exporter of textile garments. China's its textile exports increased by almost 3 percent, and it led the world in textile production, accounting for nearly a quarter of the worldwide textile sector.
- Europe's biggest textile exporters include France, Italy, the Netherlands, Spain, and Germany, which account for approximately 32, 1 percent of global textile exports.
- India had the third-largest textile manufacturing sector in the world. The United States has been one of the largest textile consumers.
- Typically, textiles are coloured to make them more appealing. There are two methods for colouring a textile: substrate impression and dying. Dyeing is the process of colouring a textile material with a dye. This item is used to color the materials. There are numerous types of dyes, including direct dyes, vat dyes, reactive dyes, sulfur dyes, disperse dyes, acid dyes, and metal complex dyes, each with unique characteristics and fiber affinity. Acid dyes are primarily employed to color linen, silk, and nylon, while comparable or substantial dyes have a high affinity for cellulose fibers. Dyeing synthetic product types such as fibers, yarns, and others with dyes and pigments. Thus, it is anticipated that the expansion of the global textile sector would generate potential prospects for this market.
Dyes & Pigment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global Dyes & Pigment market is witnessing a significant growth during the forecast period owing to increased technology.
This tendency is anticipated to continue in the future due to the expansion of activities aimed at reducing global warming and its effects.
Global demand for clothes is forecast to be significantly fueled by the growing population, which is also anticipated to fuel the textile industry's demand for dyes and pigments.
Bio basedBio-based dyes and pigments reduce industrial water pollution, a common problem in the dyes and pigments industry, and hence has been gaining prominence among many end useend-use industries.
Growing demand for digital ink in apparel printing and growing awareness and use of bio plasticbio-plastic products are further driving the demand for the dyes and pigments. Rawwill bring opportunities for players in the market. material price volatility and environmental concerns are some of the key factors that are anticipated to restraint growth of the dyes and pigments market.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 36.26 billion |
| Market size value in 2031 | USD 57.8 billion |
| Growth Rate | 5.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Dyes & Pigment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Dyes & Pigment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Dyes & Pigment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dyes & Pigment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dyes & Pigment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dyes & Pigment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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