Dyes and Pigments Market Analysis, Share, Growth, Trends, Revenue, Overview and Forecast 2021-2030

The Global Dyes and Pigments Market size is estimated to be USD 34.22 billion in 2019 and is predicted to reach USD 51.57 billion by 2030 with a CAGR of 3.8% from 2020-2030.

Dyes and pigments are used as colorants in various industrial applications. These are organic and inorganic chemicals that are used with water or oil mixture to provide specific colors to products and articles.

Dyes and pigments are used extensively in the automotive and textile industries. Growth in textile and automobile industries are expected to increase the demand for dyes and pigments globally. Rapid growth in textile and automotive industry in the emerging economies such as India and China has been one of the major factors contributing to the demand in the region. Growing regulatory restrictions on production of pigments and dyes is predicted to be one of the major factors restraining growth of the dyes and pigments market. The United States Environmental Protection Agency, has instigated the regulations that enlist potential hazardous waste generated from the production of triarylmethane, azo and anthraquinone based dyes and pigments.

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Top Companies: Clariant AG, BASF SE, DIC Corporation, Kiri Industries Ltd, Atul Limited, Sudharshan Chemical Industries Limited, Huntsman Corporation, Kronos Worldwide, Inc, Lanxess AG, Tronox Limited and others.

Market Dynamics and Trends:

Increasing automobile market provides a stable ground for market growth. Also, there is expected exuberant growth from the leather industry where dyes and pigments have a major role to play. Hence, the sector would prosper due to various end-use industries growth. However, factors such as large amount of water consumption in the textile industry to wash the product, heavy metal poisoning causing spoilage of drinkable water are a major market concern currently in the developed regions of North America and Europe.

Increasing threat to the environment and water bodies from the discharge of these chemical-based dyes and pigments is expected to restraint the growth during forecast period and compel companies to switch more natural alternatives. Stringent regulations such In Europe and China which would further put pressure on industry players to switch to more eco-friendly options. Demand from digital printing seems a positive arena for dyes and pigments that would fuel their growth in the coming years. Growing textile industry in emergent economies of India and China with frequently changing fashion trends is expected to drive the industry pigments and dyes.

Product innovation through research is on the priority for global dyes and pigments market players. High demand of dyes and pigments clothing from various industries is leading the development of improved dyes and pigments products. Also, their increasing use in industries such as paints and coatings, textile, automotive and many more is expected to propel the market growth over the forecast period. However, government regulation and harmful chemicals present in these dyes and pigments some of them even a major causative agent for cancer are expected to dampen the market growth in the coming years. The market is also highly fragmented due to many local players launching their range of less expensive dyes and pigments apparel mainly in developing countries such as India and China, due to financial constraints of the industries in these regions along with lack of awareness for quality product. This phenomenon is also intensifying the industry competition in terms of price.

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Market Segmentations and Scope of the Study:

The global Dyes and Pigments market share is analyzed on the basis of type, application, and geography. On the basis of type, the market is segmented into organic, inorganic, and natural. According to the application, the market is classified into paints & coatings, textile, automotive, paper, leather, and others. The regional analysis of the market comprises of North America, Europe, Asia Pacific, and Rest of the World.

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