In 2022, the global bio-based pigments and dyes market is expected to be worth USD 30,305 Million. Over the course of the projection period, the market will expand at a CAGR of 4.5%. By the end of 2032, the market for bio-based pigments and dyes is anticipated to reach more than USD 47062.74 Million.
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Market Titans
- Pili
- Stony Creek Colors
- Sea colors
- Treffert
- Clariant
- Horizon Research Lab
Recent development
- In the Asia-pacific region, in 2019, Nippon Paint recorded the highest market share with approx. 7.74%. The company was followed by Akzonobel (4.54%), Sherwin Williams (4.20%), and Kansai Paint (4.20%).
- Stony creek colors company recently developed farms to fashion supply chain network which integrates the color with life technology to progress with plant-based dyes for their apparel product range.
- In 2021 RPM international company purchased a Texas manufacturing plant intended to meet the rising demand of customers and enhance operational efficiencies.
Globally, businesses and governments are taking notice of growing worries about pollution and global warming. In this regard, the governments have begun to formulate laws and raise public awareness of environmentally friendly production.
Manufacturers all across the world have changed their attention from synthetic to bio-based products as a result of the need for sustainability. The market for paint coatings is not an exception. This sector faces intense rivalry despite having a dispersed share. In the paint market, local manufacturers have more negotiating leverage and can profit from devoted customers. International players are also experimenting with mergers and acquisitions to broaden their geographic reach and brand identity.
Segmentation
- By Production :
- Microorganisms
- Algae
- Fungi/Fungus
- Bacteria
- Plant origin material
- Microorganisms
- By Application :
- Textiles
- Pharmaceuticals
- Cosmetics
- Pens and Inks
- Bio plastic
- Food and Beverage
- By Region :
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
- China
- Japan
- The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Predominant Questions Answered in This Report Are:
- Which segments will perform well in the products and services market over the forecasted years?
- In which markets companies should authorize their presence.
- What are the forecasted growth rates for the products and services market?
- What are the long-lasting defects of the industry?
- How share market changes their values by different manufacturing brands?
- What are the qualities and shortcomings of the key players?
- What are the major end results and effects of the five strengths study of industry?
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