Global Dyes & Pigments Market 2021-2027

Global Dyes & Pigments Market Size, Share & Trends Analysis Report by Type (Dyes (Reactive dyes, disperse dyes, Acid dyes, Others (Vat, Direct)), Pigments (Titanium dioxide, Inorganic pigments, Organic pigments)), By Application (Textile, Paints & Coatings, Plastics, Leather, Construction, Others (Paper, Printing ink)) Forecast Period 2021-2027

The global market for dyes & pigments is projected to have a considerable CAGR of around 5.1% during the forecast period. The growing demand for high-performance pigments (HPP) and expanding opportunities for potential applications in end-user industries such as textile, construction, printing inks, and plastics are majorly driving the growth of the dyes and pigments market. Moreover, the increased demand from healthcare, toiletries, food and beverage, and other industries, especially in emerging economies which is accelerating the growth of the packaging industry. Therefore, the growing packaging also boosting the growth of the dyes and pigments market. However, fluctuating raw material costs and reduction in free trade are the factors restraining the growth of the market. 

The global Dyes & Pigments Market is segmented based on types, and Applications. Based on the types, the market is further classified as dyes and pigments. Where dyes are segmented into reactive dyes, disperse dyes, acid dyes, others (Vat, Direct). And pigments are segmented into titanium dioxide, inorganic pigments, organic pigments. Further, based on the application the market is classified into textile, paints & coatings, plastics, leather, construction, others (paper, printing ink). Among these application sub-segment textile categories are projected to dominate the dyes and pigments market due to technology advancements and rapid industrialization that are assisting the textile sector in both developed and developing economies. 

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific is the fastest-growing market for dyes and pigments. The main reason for this is the tight restrictions imposed on production and product usage in countries such as North America and Europe. Therefore, as a result of favorable manufacturing conditions and relief in the regulations manufacturing facilities are being relocated to the Asia Pacific region. This is facilitating the easy availability of raw materials along with low-cost and skilled labor, accelerating the growth of the dyes and pigments market in the region. 

The key players of the market include Siemens DIC Corp., BASF SE, Huntsman Corp., Kronos Worldwide, Inc., Sudarshan Chemical Industries Ltd, among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In August 2019, DIC Corp announced to acquire BASF SE global pigments business and the cash and debt-free purchase price are $1.37 billion. With the acquisition, DIC planned to pursue aggressive growth and expand the business in the coming years. It will also assist them to strengthen their position as one of the world's leading pigment suppliers and enable them to provide their customers with more versatile solutions. 

Research Methodology

The market study of the global dyes & pigments market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Dyes & Pigments Market Research and Analysis by Type
2. Global Dyes & Pigments Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the global dyes & pigments market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global dyes & pigments market.
• Insights about market determinants that are stimulating the global dyes & pigments market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players