IMARC Group, a leading market research company, has recently releases report titled, “ Dyes and Pigments Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The study provides a detailed analysis of the industry, including the global dyes and pigments market size , share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advances in the market.
How big is the dyes and pigments market?
|Market Size in 2022||US$36.3 Billion|
|Market forecast in 2028||US$45.7 Billion|
|Growth rate (2023 to 2028)||CAGR of 3.8%|
|Base Year of the Analysis||2022|
What is dyes and pigments?
Dyes and pigments, also known as colorants, are compounds that can impart color to various materials. Dyes, also known as dyestuff, are fluorescent organic substances used in a liquid form on plastics, fabrics, leather, paper, and wood products. They are commonly available in disperse, reactive, azo, vat, sulfur- and solvent-based variants. On the other hand, pigments are discrete colored particles that provide color to the substrate. They are insoluble materials ground into a fine powder used as a coloring matter suspended in liquid to form ink. They are commonly available in organic and inorganic solutions. They help protect against high temperatures, ultraviolet (UV) radiations, blowing sand, acid rain, and corrosive materials.
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What are the growth prospects and trends in the dyes and pigments industry?
Dyes and pigments are employed in the manufacturing of personal care and cosmetic products, including nail paints, hair color, lip products, foundation, blush, and eye makeup products. This, along with the increasing concerns among individuals about physical appearances and the rising influence of social media platforms are driving the sales of these personal care and cosmetic products, which represents one of the major factors bolstering the growth of the market around the world. Moreover, the growing demand for high-quality and vibrant fabrics and considerable growth in the textile industry are influencing the market positively. There is an increase in the awareness about sustainable textiles and clothing, which is resulting in the growing development of eco-friendly and highly efficient dyes and pigments as they are biodegradable and do not contain toxic substances like heavy metals, arsenic, and lead. This, coupled with the rising preference for shopping clothes via online platforms on account of easy accessibility, wider collection, and fast shipping services, is favoring the growth of the market. In addition, dyes and pigments find application in the packaging sector to expand attractive packaging with metallic and color-shifting effects for high-end consumer products. Apart from this, dyes and pigments are used in the construction sector for dying pavers, concrete masonry, tiles, pipes, panels, and precast walls. The rising construction activities in residential and commercial spaces on account of rapid urbanization, expanding global population, and the increasing investments in the expansion of smart cities by governments of numerous countries are propellant the market growth. Along with this, the growing number of renovation and remodeling activities of homes, offices, hotels, shopping malls, and airports to enhance aesthetic appearance expected to create a positive outlook for the market in the future.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Reactive Dyes
- He dispersed Dye
- Direct Dye
- Sulfur Dye
- Vat Dye
- Azo Dye
Breakup by Application:
- Paints and Coatings
- Printing Inks
- Plastic Coloring
- Construction Materials
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Altana AG (SKion GmbH)
- Atul Ltd.
- Bodal Chemical Ltd.
- Clariant AG
- Cabot Corporation
- Carl Schlenk AG
- DIC Corporation
- DuPont de Nemours Inc.
- Iron Corporation
- Flint Group GmbH
- Huntsman Corporation Chemical Business (Indorama Ventures)
- Kronos Worldwide Inc. (Contran Corp.)
- Sudarshan Chemical Industries Limited
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