Dyes & Pigments Market Insights | Key Players: BASF SE (Germany), Clariant AG (Switzerland), Atul Limited (India), Sudharshan Chemical Industries Limited (India), DIC Corporation (Japan), Huntsman Corporation (U.S.), Kiri Industries Ltd. (India), Kronos W

New product launches and expansions are the key strategies adopted by the leading players in the global dyes & pigments market.

The global dyes & pigments market is projected to grow from USD 32.86 billion in 2016 to USD 42.00 billion by 2021, at a CAGR of 5.0% from 2016 to 2021. New product launches, contracts & agreements, mergers & acquisitions, and expansions are the key strategies adopted by the leading players to strengthen their position in the global dyes & pigments market.

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The key players operating in the global dyes & pigments market are BASF SE (Germany), Clariant AG (Switzerland), Atul Limited (India), Sudharshan Chemical Industries Limited (India), DIC Corporation (Japan), Huntsman Corporation (U.S.), Kiri Industries Ltd. (India), Kronos Worldwide, Inc. (U.S.), Lanxess AG (Germany), and Tronox Limited (U.S.), among others.

BASF SE (Germany) is one of the leading manufacturers of dyes & pigments, globally. The company has been focusing on new product launches and expansions to strengthen its position in the global dyes & pigments market. For instance, in June 2016, the company launched its new pigments brand, namely, colors & effects. The new brand offers various colorants and pigments catering to the need of various industries, such as agriculture, plastics, printing, and cosmetics. Moreover, the company has expanded its pigment production capacities in Besigheim, Stuttgart (Germany). This expansion has helped BASF SE to provide innovative and sustainable products to its customers.

Clariant AG (Switzerland) is another key player in the global dyes & pigments market. The company has been focusing on new product launches as a part of its strategic development activities. In June 2014, the company launched two new pigment dispersions, Permajet IN-C and Flexonyl WF, for the Indian printing industry. These pigments are mainly used for printing applications in the packaging industry.

This report provides a detailed analysis of the global dyes & pigments market and segments the same on the basis of type, application, and region. Based on type, the global dyes & pigments market has been segmented into dyes and pigments. The dyes segment has further been subsegmented into reactive dyes, disperse dyes, VAT dyes, direct dyes, acid dyes, and others. The pigments subsegment of the type segment of the global dyes & pigments market has been classified into titanium dioxide, inorganic, and organic. Based on application, the market has been segmented into textile, leather, paper, paints & coatings, plastics, construction, printing inks, and others. Based on region, the market has been segmented into Asia-Pacific, Europe, North America, South America, and the Middle East & Africa regions.

Increase in per capita consumption of dyes & pigments across the globe, coupled with growing demand for dyes & pigments from various end-use industries is expected to drive the global dyes & pigments market between 2016 and 2021.

The global dyes & pigments market is projected to grow from USD 32.86 billion in 2016 to USD 42.00 billion by 2021, at a CAGR of 5.0% during the forecast period, 2016 to 2021. The global dyes & pigments market has been segmented on the basis of type, application, and region.

The acid dyes subsegment of the type segment of the global dyes & pigments market is projected to grow at the highest CAGR between 2016 and 2021. Acid dyes are used for dyeing wool, silk, and nylon fabrics. Acid dyes find applications in textile, plastics, paints & coatings, and rubber industries. Good leveling and light fastening properties of acid dyes are the factors driving the growth of the acid dye subsegment of the type segment of the global dyes & pigments market.

The textile segment is the largest application segment of the global dyes & pigments market. Dyes are used for dyeing textiles, such as wrap yarn for denim, cotton, nylon, silk, wool, carpet, fur, and polyester/synthetic fiber blends. Textile materials can be dyed using batch, continuous, or semi-continuous processes.

The Asia-Pacific dyes & pigments market is projected to grow at the highest CAGR between 2016 and 2021, owing to increase in population and rise in per capita consumption of dyes & pigments in emerging economies, such as China and India of the Asia-Pacific region.

Some of the key players operating in the global dyes & pigments market are BASF SE (Germany), Clariant AG (Switzerland), Atul Limited (India), Sudharshan Chemicals Industries Limited (India), DIC Corporation (Japan), Huntsman Corporation (U.S.), Kiri Industries Ltd. (India), Kronos Worldwide, Inc. (U.S.), Lanxess AG (Germany), Tronox Limited (U.S.) among others. Most of the companies have adopted new product launches and expansions as their development strategies to strengthen their positions in the global dyes & pigments market and increase their market shares.

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