Global Synthetic Dyes and Pigments Market Research, Business Opportunities – Upcoming Trends By 2022 | BASF SE, The Chemours Company, Tronox Limited

Synthetic Dyes And Pigments Market By Segments (Textiles, Leather, Paints And Coatings, Plastic And Cosmetics), By Type, By Key Players, And By Region – Global Forecast To 2022 By The Business Research Company

The global market for synthetic dyes and pigments reached a value of nearly $52.0 billion in 2018, having increased at a compound annual growth rate (CAGR) of 1.4% since 2014.

The Key drivers of the synthetic dyes and pigments market include:
Low Interest Rate Environment – During the historic period, interest rates in most developed countries were very low. This created a flow of cheap money for investment, in both developed and developing economies. It also encouraged borrowing and discouraged saving in advanced markets, leading to an increase in consumer spending. The synthetic dyes and pigments market benefited from the flow of cheap money during this period. Chemicals companies, including synthetic dyes and pigments companies borrowed money for process improvements which helped the companies to consolidate and produce better products at lower prices to boost the overall market.

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Synthetic Dyes And Pigments Market Segmentation:
The Synthetic Dyes And Pigments market is segmented by type of product, by end user industry and by geography

By Product Type- The synthetic dyes and pigments market is segmented by product type into
1) Pigments
2) Dyes

Growth has accelerated significantly in both segments of the synthetic dyes and pigments market and these faster rates of growth will continue to 2022.

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By Geography - The synthetic dyes and pigments market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa

Some of the major key players involved in the synthetic dyes and pigments market are
1. BASF SE
2. The Chemours Company
3. Venator Materials PLC
4. Kronos Worldwide, Inc.
5. Tronox Limited

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