Analysis of Organic Dyes and Pigments market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Worldwide consumption of organic dyes and pigments is estimated at US$ 22 Bn in 2022. As per detailed industry analysis, the global organic dyes and pigments market is forecast to reach US$ 37 Bn by 2032, progressing at a CAGR of 5.4% during 2022-2032.
|Organic Dyes and Pigments Market Size (2021A)||US$ 21 Bn|
|Estimated Market Value (2022E)||US$ 22 Bn|
|Forecasted Market Value (2032F)||US$ 37 Bn|
|Global Market Growth Rate (2022-2032)||5.4% CAGR|
|Asia Pacific Market Share (2021)||~71%|
|Asia Pacific Market Growth Rate (2022-2032)||6.7% CAGR|
|China Market Growth Rate (2022-2032)||6.8% CAGR|
|Market Share of Top 5 Companies||~30%|
|Key Companies Profiled||
As per the latest analysis by Fact.MR, sales of organic dyes and pigments account for nearly 30% of the global dyes market value. Consumption of organic dyes and pigments in terms of volume stood at around 4,452 tons in 2021, accounting for around 25% of total dyes volume consumption.
Organic dye and pigment application to impart colours to various substrates such as paper, hair, drugs, leather, grease, wax, and textile materials has increased over the past decade, and the same is projected to drive demand for organic dyes and pigments over the forecast period as well.
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As per latest market analysis by Fact.MR, a market research and competitive intelligence provider, market value for natural dyes and pigments over the past half-decade increased at a CAGR of around 3.3%. Additionally, in terms of volume, in 2021, organic dye and pigment consumption stood at around 4,452 tons.
Organic dye and pigment application for imparting colours to textiles dominated the global market value share by accounting for around 56% of the total dyes and pigments market in 2020.
Such huge demand for dyes and pigments from the textile industry has mainly been attributed to colorants used in different segments such a uniforms, fashion, upholstery, sheets, and carpets. Since the volume of textiles being consumed today is huge, and each requires to be dyed and coloured, projections are that over the decade, high textile demand will act as a major growth driver for dye and pigment consumption.
In addition, paints & coatings are projected to consume a moderate chunk of dyes and pigments over the decade. This is mainly attributed to rapid urbanization that has taken place over the past decade. This has propelled construction activities, thereby boosting demand for exterior and interior paints & coatings, which bodes well for manufacturers of organic dyes and pigments.
Consumption of organic dyes and pigments for application in textiles, over the period of 2022-2032, is poised to increase at a CAGR of 6%. Projections are that steadily rising demand for natural dyes and pigments for application in paints & coatings and textiles will enhance market valuation to US$ 37 billion by 2032.
Organic dye and pigment compounds have been increasingly used to impart colour in textiles, leather, wool, and many more. Since dyes are capable of getting themselves fixed onto fabrics for a long period of time, owing to being resistant towards soap, water, and light acids,, they are been widely used as a colorant in textile applications, which is projected to increase over the decade.
Organic dyes and pigments contain an important compound known as chromophores, which is responsible for imparting colours, and hence, the compound’s presence has acted a major driver for its demand over the last decade.
Moreover, there are various types of dyes available in the market in different compositions that have a wide range of application. For instance, basic dyes are generally used in nylons, cotton, and leather, and direct dyes are best-suited for dying wool, cotton, and rayon. On the other hand, pigments such as white pigments and coloured pigments have been extensively used in paints and coatings.
Attributed to the above-discussed properties of dyes & pigments coupled with the availability of these compounds in a wide range, the global market is projected to rise steadily be valued at US$ 37 Bn by 2032.
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“Huge Textile Sector in India Bodes Well for Organic Dye & Pigment Manufacturers”
Polyester consumption and production in India is high. In terms of production, India’s market stands in the second place while contributing around US$ 20 Bn to the global market. The country is aiming to increase its market size for polyester to US$ 40 Bn by 2024-end.
Additionally, according to IBEF, it has been projected that, the Indian textile market could surpass a valuation of US$ 210 Bn by the next decade, providing a positive outlook for organic dye and pigment producers.
Moreover, urbanization and government initiatives have provided a major boost to the country’s housing activities, thereby propelling demand for paints & coatings. Since dyes and pigments are significantly used in paints & coatings, the market is set to proliferate at a good pace over the coming years.
As per the analysis, the India organic dyes and pigments market is projected to provide an absolute dollar opportunity worth US$ 1.37 Bn by 2032-end.
“Soluble Properties of Organic Dyes Driving Their Demand”
Organic dyes are projected to account for a major share in the organic dyes and pigments market. This is mainly attributed to the soluble properties of these dye coupled with specific demand of mordant dyes from the textile industry.
Additionally, in the textile and fabric industry, dyes are the most preferred compound for imparting colour, and are hence projected to be the most demanded organic compound in the market, accounting for around 78% of the market share in 2021.
Going forward, organic dyes are anticipated to provide an absolute dollar opportunity worth US$ 12 Bn over the forecast period of 2022-2032.
“Textile Industry to Account for Most Consumption of Organic Dyes & Pigments”
Organic dye and pigment application in textiles is projected to provide high absolute dollar opportunity over the projected forecast period. This is mainly attributed to the huge market size of textiles over other applications. Additionally, dyes are prominent color-imparting compounds meant for various end uses of textiles and fabrics, and thus, the application has driven the consumption of these compounds over the past half-decade.
Attributed to the above-discussed factors, organic dye and pigment application in textiles is projected to provide an absolute dollar opportunity worth US$ 9 Bn over the forecast period of 2022-2032.
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Atul Ltd, BASF SE, Cabot Corporation, Clariant, DIC CORPORATION, DuPont, Huntsman International LLC., Kiri Industries Ltd., KRONOS Worldwide, Inc., Organic Dyes and Pigments (ORCO), and Sudarshan Chemical Industries Limited are prominent suppliers of organic dyes and pigments.
The above-mentioned market players have been involved in organic growth strategies such as product development and innovation. Additionally, seeing growth in demand from the textile industry, companies are adding capacities at their production centres.
Fact.MR has provided detailed information about the price points of top organic dye and pigment manufacturers positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion, in the recently published report.
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Currently, the global organic dyes and pigments market size is valued at US$ 21 Bn.
Organic dye and pigment consumption is expected to increase at a CAGR of around 5.4% during the period of 2022-2032.
Organic dyes and pigments market size expanded at a CAGR of around 3.3% during 2017-2021.
Key manufacturers of organic dyes and pigments can be seen involved in product development and innovation.
Top companies manufacturing organic dyes and pigments are Atul Ltd, BASF SE, Cabot Corporation, Clariant, DIC CORPORATION, DuPont, Huntsman International LLC., Kiri Industries Ltd., KRONOS Worldwide, Inc., Organic dyes and pigments (ORCO), and Sudarshan C
China is estimated to hold around 53% share of the global organic dyes and pigments market value.
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