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.
Report Highlights:
How big is the dyes and pigments market?
Report Attributes | Details |
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 |
Forecast Period | 2023-2028 |
What is dyes and pigments?
Dyes and pigments, commonly referred to as colourants, are substances that may give diverse materials colour. Fluorescent organic chemicals, commonly referred to as dyes or dyestuff, are utilised in liquid form on objects made of plastic, fabric, leather, paper, and wood. They are frequently offered in dispersed, reactive, azo, vat, sulfur-based, and solvent-based forms. Pigments, on the other hand, are little coloured particles that give the substrate colour. 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?
Cosmetic and personal care goods including nail polish, hair dye, lip cosmetics, foundation, blush, and eye shadow are all made with dyes and pigments. Sales of these personal care and cosmetic items are being driven by this, combined with people's growing concerns about their physical appearances and the growing importance of social media platforms, which is one of the key drivers supporting the market's rise globally. Additionally, the market is being positively impacted by the significant rise in the textile sector and the rising need for vivid, high-quality materials. 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:
- dyes
- Reactive Dyes
- He dispersed Dye
- Direct Dye
- Sulfur Dye
- Vat Dye
- Azo Dye
- Others
- Pigments
- organic
- Inorganic
Breakup by Application:
- Paints and Coatings
- Textile
- Printing Inks
- Plastic Coloring
- Construction Materials
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- 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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