The Dyes and Pigments Market is expected to grow at a CAGR of 5.1% from 2021 to 2031. The growth of the Dyes and Pigments Market is mainly driven by the increasing demand for colored products, especially in emerging economies. Asia-Pacific is the fastest-growing region in the Dyes and Pigments Market, followed by Europe.
Pigments and Dyes Market Segmented By Pigments type such as organic pigments, inorganic pigments and Dyes can be further classified into reactive dyes, disperse dyes, sulfur dyes, VAT dyes, acid dyes, direct dyes, basic dyes.
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A pigment is a chemical substance that, by wavelength-selective absorption, modifies the colour of light that is reflected or transmitted. When materials emit light, such as during fluorescence, phosphorescence, and other types of luminescence, it is not the same as pigmentation. Natural-colored compounds called dyes have an affinity for the surface to which they are applied.
The market for pigments and dyes is divided into two categories based on the kind of product, namely organic and inorganic pigments as well as dyes. Reactive dyes, disperse dyes, sulphur dyes, VAT dyes, acid dyes, direct dyes, basic dyes, and other types of dyes are additional categories for dyes. Azole, phthalocyanines blues and greens, and high performance pigments are additional categories for organic pigments. Iron oxide, titanium dioxide, and other substances are examples of inorganic pigments.
Based on application, the pigments and dyes market are classified into textiles, leather, paper, paints and coatings, plastics, constructions, paper & specialty, printing inks, and others.
Key Players-
Some of the key players in the pigments and dyes market include Cathay Pigments, Inc., Sun Chemical Corporation, Dainichiseika Color & Chemicals Mfg. Co., Ltd., E.I. du Pont de Nemours and Company, Ferro Corp, Flint Group, Heubach GmbH, Huntsman International, LLC., Ishihara Corporation, Kemira Oyj, Kronos Worldwide, Inc., Lanxess AG, Merck KGAA, Silberline Manufacturing Co., Inc., The Shepherd Color Company, Toyo Ink SC Holdings Co., Ltd. and Tronox, Inc.
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Dyes and pigments find multiple applications in paints & coatings, printing inks, textile, construction, and plastics . The paint and coating industry is witnessing major growth due to growing infrastructure . Major driving factors of the pigments and dyes market are increasing demand for high performance pigments (HPP), increasing usage of environment-friendly products, and application in end-user industries.
Demand for pigment and dye products such as printing ink is driven by several factors such as technological development and increasing demand for digital inks. Increase in end-user preference for environment-friendly products is likely to drive growth of the dyes and pigments market in the near future.
Some of the factors restraining growth of the pigments and dyes market are environmental concerns, raw material price volatility and it’s global over capacity . Some of the recent trends in the pigments and dyes market are shifting of manufacturing facilities from the U.S. and Europe to India, China, and Taiwan, and the rising preferences for eco-friendly products. Since specialty pigments are eco-friendly in nature, they are expected to increase demand for pigments and dyes.
With its emerging economies and quickly growing manufacturing bases, Asia Pacific accounts for the largest market and is likely to remain as the highest growing region in the years to come . Also due to the emerging trend such as shifting of manufacturing facilities from U.S. and Europe to India, China and Taiwan and increasing preference towards eco-friendly products . Asia Pacific is further followed by North America and Europe.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Dyes & Pigments Market Manufacturers
Dyes & Pigments Market Distributors/Traders/Wholesalers
Dyes & Pigments Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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