Report Overview

The global market for dyes & pigments was valued at USD 35.2 billion in 2021 and is projected to grow at a CAGR of 4.9%, between 2023 and 2032. It is expected to reach USD 59.58 billion in the forecast period. The dyes & pigments market size is expected to expand further due to increased demand from various industries such as construction, and the paints & coatings sectors. Major producers are actively looking to improve their products using advanced technologies that can efficiently remove hazardous pollutants from their manufacturing processes. Variable prices for raw materials like benzene will cause manufacturers to have varied production costs. Both physical retail stores, as well as online retail, allow for wider market distribution.

Global Dyes & Pigments Market Scope:

Product type analysis

In terms of ‘Product’, the reactive dyes segment dominated this market, accounting for over 55.3% of global revenues in 2021. These products are made of highly colored organic materials and have primary applications in the tinting of textiles. These products are resistant to fading and come in a variety of bright colors, making them ideal for coloring rayon and cotton. They can also form a covalent link with fiber during the dyeing process. It includes a parent dye, linking groups, and an active group. They have characteristics that are better than other dyes in cellulose fibers. This segment is expected to grow at a faster CAGR of 4.2%, between 2023 and 2032.

Organic pigments had a lower market share than inorganic pigments. This is due to their characteristics, including better wetting, darker colors, and leanness. The segment of organic pigments is expected to grow at a 5.1% CAGR in terms of revenue share, between 2023 and 2032. The various stringent regulations that affect the demand for inorganic pigments are likely to make it possible to produce organic pigments by internal substitution.

Application analysis

With respect to ‘Application’, the textile segment accounted for over 63.1% of global revenues in 2021. The fastest CAGR is expected to be indexed by the ‘Printing Inks’ segment, between 2023 to 2032. Digital printing is expected to increase the demand for printing inks. India and China are two of the largest producers and have the largest market for dyes. This will increase the potential for printing ink applications across the Asia Pacific region.

Inks can be dyed to achieve desired colors and density. Dyes can give users more density and color per unit of mass than pigments. Dye-based inks can react chemically with other substances. They provide a better image than pigment-based inks that have been enhanced with optical brighteners or color-enhancing agents. These factors are likely to increase the demand for printing inks in the application segment.

Different types of dyes exist, each with unique characteristics and affinities for textiles, including reactive dyes, sulfur dyes, direct dyes, vat dyes, acid dyes, disperse dyes, and metal complex dyes. Organic compounds called vat dyes are used to color textile material, cotton fiber, leather, and viscose rayon.

Industrial coatings such as automobile refinish, interior paints, exterior paints, printing inks, and plastics are where inorganic pigments are primarily used.

Pigments are used in paints, stains, lacquers, primers, and clear coat applications in architectural coatings.

Кеу Маrkеt Ѕеgmеntѕ

By Product Type

• Pigments
• Dyes

By Application

• Printing Inks
• Paper
• Leather
• Textiles
• Others

Market Dynamics:

Market players have increased their client base due to the availability of products via e-Commerce platforms. The global construction industry’s rapid growth has also been a major growth driver for this market. Major countries that are exhibiting significant global growth potential in construction include the U.S., the U.K., China, India, Saudi Arabia, and the UAE.

Increasing population figures and rapid industrialization levels have prompted respective governments to increase infrastructural investments. In the next few years, a surge in construction spending is expected to lead to significant demand for dyes. However, market growth is expected to be slowed by global policy changes that are being enforced due to environmental concerns.

Environmental threats include water pollution in manufacturing, the high metal content of pigments, and excessive water consumption by the textile industry to rinse-out dyes. In certain geographical areas, like North America, Europe, and China, strict regulations have already been implemented. This could potentially limit market growth prospects.

Regional Analysis

The Asia Pacific was the dominant market, accounting for over 62.8% of global revenues in 2021. Strict regulations governing the markets in North America and Europe could hinder product consumption as well as production. Because of favorable manufacturing conditions and more relaxed regulations, production facilities are steadily being moved to the Asia Pacific. This is possible due to easy access to raw materials and low-cost, skilled labor.

In 2021, Europe was responsible for 17.0% of total revenues. Growing demand is evident in the increasing production capacities of European dyes. Cathay Industries, for instance, announced in June 2020 that it would expand its South-East Asia manufacturing footprint to meet the increasing demand for iron oxide pigments in the plastics, construction, and coatings industries.

Between April and December 2021, India’s exports of textiles and apparel, including handicrafts, were USD 30.1 billion, up from USD 20.9 billion during the same period the year before.

The growth of the market in Canada will be aided by the increasing usage of titanium dioxide as a pigment in the production of plastics.

Key Regions and Countries Covered іn This Rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA
• Latin America

Market Share & Key Players Analysis:

This market’s major players are involved in research and development activities to produce superior-quality colors with better features. To increase their R&D efforts, companies also collaborate with various technological partners.

Although a majority of products are distributed via company-owned channels, certain third-party channels are also being used. To increase their respective market share, companies place significant emphasis on expanding their given operations. Due to the large number of companies operating around the world, the global dyes & pigments market is highly fragmented.

Маrkеt Кеу Рlауеrѕ:

• BASF SE
• Clariant AG
• DIC Corporation
• Sudarshan Chemical Industries Ltd.
• Atul Ltd.
• Huntsman Corp.
• Cabot Corp.
• I. DuPont De Nemours & Co.
• Kronos Worldwide, Inc.
• Tronox Ltd.
• Flint Group
• Heubach GmbH
• Other Key Players