The global dyes and pigments market size was US$ 38.2 billion in 2022 and is expected to reach US$ 57.8 Bn by 2030, growing at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2023 to 2030.
The colorants used to give a material color are dyes and pigments. The textile, pharmaceutical, food, cosmetic, plastics, paint, ink, photography, and paper industries all employ these potent colorants. Dyes are more delicate than pigments and more fragile when exposed to UV light, but pigments have excellent UV stability. Better application is seen in industries like paints, coatings, surface protection, and corrosion prevention because dyes are absorbed onto the surface where they are applied.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The global spread of COVID-19 affected numerous nations, leading to limits on completed goods and an abundance of raw materials, which had an effect on the value chain. There was a decrease in product consumption as a result of the closure of major paints and coatings-producing nations. Additionally, this factor decreased the firm's ability to produce goods because of a labor and supply constraint. However, the manufacturing of printing inks uses dyes and pigments as essential components. The packaging business has grown owing to the pandemic's increasing prevalence since packaging offers additional protection to completed items in order to stop the virus from spreading. Thus, despite the pandemic, this component is assisting in the market's recovery.
Regional Overview
During the projection period, Asia Pacific is likely to experience the fastest CAGR growth in product demand. In the upcoming years, a growing construction sector, rapid industrialization and urbanization, and rising middle-class families' disposable income in the region's emerging economies are likely to be the main driving forces. Furthermore, the region's construction industry is expanding due to strong government initiatives, support, and investment, which will increase demand for goods throughout the Asia Pacific region.
In 2022, Europe accounted for the majority of global revenue. The increased capacity for dye production in Europe is a sign of the rising demand for market growth. In order to fulfill the growing need for iron oxide pigments from the paint, plastics, and construction industries many companies are adopting strategies in the market. For instance, Cathay Industries recently announced the extension of its industrial footprint in South East Asia.
Prominent Companies
Some of the leading competitors profiled in the global dyes & pigments market are:
Segmentation Outline
The global dyes & pigments market segmentation focuses on Product, Application, and Region.
By Product
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL DYES AND PIGMENTS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
4 GLOBAL DYES AND PIGMENTS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE MODEL
4.4 VALUE CHAIN ANALYSIS
5 GLOBAL DYES AND PIGMENTS MARKET, BY PRODUCT
5.1 OVERVIEW
5.2 DYES
5.2.1 REACTIVE DYES
5.2.2 VAT DYES
5.2.3 ACID DYES
5.2.4 DIRECT DYES
5.2.5 DISPERSE DYES
5.2.6 OTHERS
5.3 PIGMENTS
5.3.1 ORGANIC
5.3.2 INORGANIC
6 GLOBAL DYES AND PIGMENTS MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 DYES
6.2.1 PRINTING INKS
6.2.2 TEXTILES
6.2.3 PAPER
6.2.4 LEATHER
6.2.5 OTHERS
6.3 PIGMENTS
6.3.1 PAINTS & COATINGS
6.3.2 CONSTRUCTION
6.3.3 PRINTING INKS
6.3.4 OTHERS
7 GLOBAL DYES AND PIGMENTS MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL DYES AND PIGMENTS MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
9 COMPANY PROFILES
9.1 BASF SE
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.2 CLARIANT AG
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.3 DIC CORP.
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.4 SUDARSHAN CHEMICAL INDUSTRIES LTD.
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.5 ATUL LTD.
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.6 HUNTSMAN CORP.
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.7 KRONOS WORLDWIDE INC.
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.8 LANXESS AG
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.9 KIRI INDUSTRIES LTD.
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
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