Press release
Demand For Disperse Dyes Is Expected To Be Valued Over US$ 19 Billion By The End Of 2031
According to the pigments and dyes market analysis, sales are expected to emerge strong across the Chinese market, amid extensive development of the domestic textile industry. Poised to inch close to US$ 8 billion by 2031, which would be more than 1/5 of the global market share for China, recessionary fears have been offset as projections appear largely steady for the coming years.To Get In-depth Information View Full Report – https://www.factmr.com/report/pigments-and-dyes-market
Bulk of demand for dyes and pigments is anticipated to be generated by construction and textile industries. According to Oxford Economics, the global construction market is poised to reach US$ 8 trillion by 2030, primarily driven by China, the U.S., and India. Hence, maximum sales are expected across these regions. Likewise, the global textile industry is scheduled to surpass US$ 1 billion in half-a-decade, opening frontiers for future expansion.
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Historically, substantial gains were posted across regions, with the market being valued at slightly above US$ 30 billion as of 2020. Recessionary pressures induced by the COVID-19 pandemic were felt in the initial months, with sluggishness eventually fading away with the resumption of factory operations.
Bulk of demand for dyes and pigments is anticipated to be generated by construction and textile industries. According to Oxford Economics, the global construction market is poised to reach US$ 8 trillion by 2030, primarily driven by China, the U.S., and India. Hence, maximum sales are expected across these regions. Likewise, the global textile industry is scheduled to surpass US$ 1 billion in half-a-decade, opening frontiers for future expansion.
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Key Takeaways from Market Study
By classification, reactive pigments and dyes contributed nearly 60% of total revenue in 2020
Demand for disperse dyes to increase at above 3% CAGR across the forecast period
Sales of pigments and dyes across the textile industry constituted over 3/5 of overall share in 2020
The U.S. to generate high growth opportunities, being valued at above US$ 8 billion in 2020
China to experience a CAGR of more than 5% until 2031, and be valued at around US$ 8 billion
India, Australia, and South Korea to jointly account for over US$ 5 billion by 2031
“Extensive development of construction and textile production activities across key emerging economies in Asia is prompting manufacturers to concentrate their operations across the Eastern Hemisphere, generating high growth prospects,”says the Fact.MR analyst.
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Competitive Landscape
Prominent pigments and dyes manufacturers are capitalizing on new product launches, strategic mergers & acquisitions, collaborations and extensive R&D spending to introduce new technologies into the mainstream market. Presence of a multitude of players renders the landscape quite fragmented.
In April 2021, LANXESS AG expanded its unique Trixene Aqua range of water-based blocked isocyanate dispersions. The product family now includes new grades, specifically designed to expand application areas, such as the Trixene Aqua BI 120 and Aqua BI 220.
In October 2017, Cathay Industries introduced the CATHAYTHERMTM thermostable inorganic color pigments, specifically designed for thermoplastic and thermosetting applications, including plastics, powder coatings and high bake temperatures.
Key Market Segments Covered
Classification
Disperse Dyes and Pigments
Reactive Dyes and Pigments
Sulphur Dyes and Pigments
Other Dyes and Pigments Classifications
Application
Textile Dyes and Pigments
Ink & Paint Dyes and Pigments
Leather Dyes and Pigments
Paper Dyes and Pigments
Key Country-wise Inclusions
• US Pigments and Dyes Market
• Canada Pigments and Dyes Market Sale
• Germany Pigments and Dyes Market Production
• UK Pigments and Dyes Market Industry
• France Pigments and Dyes Market
• Spain Pigments and Dyes Market Supply-Demand
• Italy Pigments and Dyes Market Outlook
• Russia & CIS Market Analysis
• China Pigments and Dyes Market Intelligence
• India Pigments and Dyes Market Demand Assessment
• Japan Pigments and Dyes Market Supply Assessment
• ASEAN Pigments and Dyes Market Scenario
• Brazil Pigments and Dyes Market Sales Analysis
• Mexico Pigments and Dyes Market Sales Intelligence
Crucial insights in the Pigments and Dyes Market research:
Underlying macro- and microeconomic factors impacting the growth of the Pigments and Dyes Market Basic overview of the Pigments and Dyes Market including market definition, classification, and applications.
Scrutinization of each Pigments and Dyes Market player based on mergers & acquisitions, R&D projects, and product launches.
Adoption trend of Pigments and Dyes Market across various industries.
Important regions and countries offering lucrative opportunities to Pigments and Dyes Market stakeholders.
For More Insights- https://www.einpresswire.com/article/556606785/image-annotation-tool-market-disruptive-financial-technology-will-multiply-with-a-stupendous-19-cagr
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