Sales Of Dyes And Pigments Are Expected To Reach More Than US$ 38 Billion By 2031

Fact.MR's projections on the global pigments and dyes market reveal a positive albeit modest outlook, with an anticipated CAGR of above 3% across the 2021-2031 forecast period. The market is expected to surpass US$ 38 billion by the end of the said period. Growth is expected to be majorly centered across emerging economies in Asia Pacific.

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.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=S&rep_id=6366

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.

𝗖𝗼𝘂𝗻𝘁𝗿𝘆-𝘄𝗶𝘀𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀
𝗪𝗵𝘆 𝗗𝗼 𝗚𝗿𝗼𝘄𝘁𝗵 𝗣𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝘀 𝗳𝗼𝗿 𝗗𝘆𝗲𝘀 𝗮𝗻𝗱 𝗣𝗶𝗴𝗺𝗲𝗻𝘁𝘀 𝗔𝗽𝗽𝗲𝗮𝗿 𝗕𝗿𝗶𝗴𝗵𝘁 𝗮𝗰𝗿𝗼𝘀𝘀 𝘁𝗵𝗲 𝗨.𝗦?

Demand for dyes and pigments in the U.S. is estimated at above US$ 8 billion for 2020. Growth is majorly attributed to extensive applications across the construction sector. Oxford Economics projects that construction activity across the U.S will increase by US$ 1.5 trillion in the next decade.
Consequently, complex inorganic color pigments are being deploy to satisfy the highest demands for heat stability, chemical inertness as well as weather and light fastness. Furthermore, pigments are being deployed to ensure wood conservation across residential settings.

𝗞𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱

Classification
• Disperse Dyes and Pigments
• Reactive Dyes and Pigments
• Sulphur Dyes and Pigments
• Other Dyes and Pigments Classifications

Application
• Textile
• Ink & Paint
• Leather
• Paper

𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝘆-𝘄𝗶𝘀𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀
𝗪𝗵𝗶𝗰𝗵 𝗗𝘆𝗲𝘀 𝗮𝗻𝗱 𝗣𝗶𝗴𝗺𝗲𝗻𝘁𝘀 𝗖𝗹𝗮𝘀𝘀𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗦𝗲𝘁𝗥𝗲𝗰𝗼𝗿𝗱 𝗠𝗮𝘅𝗶𝗺𝘂𝗺 𝗦𝘂𝗿𝗴𝗲 𝗶𝗻 𝗗𝗲𝗺𝗮𝗻𝗱?

By classification, reactive dyes held maximum sway in 2020, accounting for nearly 3/5 of the revenue. High organic component presence and enhanced resistance to fading render them highly suitable for application across textile manufacturing.
Simultaneously, demand for disperse dyes is expected to surge to be valued at over US$ 19 billion by the end of the 2021-2031 forecast period. Availability of different energy grades, less water solubility and fastness in washing are some key factors enhancing its adoption.

𝗪𝗶𝗹𝗹 𝗗𝘆𝗲𝘀 𝗮𝗻𝗱 𝗣𝗶𝗴𝗺𝗲𝗻𝘁𝘀 𝗳𝗼𝗿 𝗧𝗲𝘅𝘁𝗶𝗹𝗲𝘀 𝗚𝗲𝗻𝗲𝗿𝗮𝘁𝗲 𝗕𝘂𝗹𝗸 𝗼𝗳 𝗚𝗹𝗼𝗯𝗮𝗹 𝗗𝗲𝗺𝗮𝗻𝗱?

By application, textile grade dyes and pigments are likely to capture bulk of overall demand, generating over 60% of overall revenue in 2020. Extensive textiles production to satiate global demand is pivoting sales across this segment.
Prominent manufacturers are expected to glean maximum benefits across such key economies as China, India, Bangladesh, Indonesia and Thailand, as these are considered primary textile production hubs.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=6366

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.
Key dyes and pigments manufacturers primarily emphasize on producing color schemes and product lines customized according to each end-users' requirements. Furthermore, collaborations between existing players to promote advanced research as well as acquiring players are also important strategies.
• In June 2021, BASF SE announced expansion of its innovation efficiency in Japan by moving the Dispersions and Resins Applications R&D Center from Amagasaki to Yokkaichi to strengthen cross-functional collaboration across the supply chain management team.
• In May 2021, Clariant AG launched the HostatintTM AU aqueous pigment dispersions, expanding the color choice for exterior and interior architectural coatings. These colors are endowed with new low-VOC and APEO-free technologies.
• 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 Players :
• Atlanta AG
• Asahi Songwon Colors Ltd.
• Atul Ltd.
• BASF SE
• Cathay Industries USA
• Clariant AG
• DIC Corp.
• DyStar Singapore Pte. Ltd.
• Ferro Corp.
• Sun Chemical Corporation
• Synthesia SA

𝗞𝗲𝘆 𝗣𝗼𝗶𝗻𝘁𝘀 𝗖𝗼𝘃𝗲𝗿𝗲𝗱 𝗶𝗻 𝗗𝘆𝗲𝘀 𝗮𝗻𝗱 𝗣𝗶𝗴𝗺𝗲𝗻𝘁𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆:
• Market Estimates and Forecasts (2016-2031)
• Key Drivers and Restraints Shaping Market Growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Dyes and Pigments and How to Navigate
• Recommendation on Key Winning Strategies

𝗙𝗼𝗿 𝗠𝗼𝗿𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:

https://www.prnewswire.com/news-releases/blood-collection-tubes-for-liquid-biopsy-sales-set-to-grow-at-12-through-2021-factmr-301245568.html

http://www.prnewswire.com/news-releases/what-does-construction-recovery-mean-for-polyaspartic-coatings-demand-factmr-study-reveals-301246372.html

https://www.prnewswire.com/news-releases/preference-for-ceramic-catalyst-carriers-growing-new-study-301247316.html

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