Analysis of Dyes and Pigments market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global dyes and pigments market size is expected to reach US$ 38 billion by 2031. The dyes and pigments market is projected to grow at a moderate CAGR of over 3% during the forecast period.
According to the dyes and pigments market analysis, sales are expected to emerge strong across the Chinese market, amid extensive development of the domestic textile industry. Poised to inch close to US$ 8 billion by 2031, which would be more than 1/5 of the global market share for China, recessionary fears have been offset as projections appear largely steady for the coming years.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
From 2016 to 2020, sales of dyes and pigments remained high, being valued at over US$ 30 billion. Increasing demand from key application industries, including textiles, construction, paints & coatings adyes and pigmentsnd plastics, have largely driven growth in the said period.
Growth prospects experienced a blip during the COVID-19 pandemic, as mandatory lockdowns compelled major factories producing dyes and pigments to halt production. According to Fact.MR’s revised estimates, the market is likely to record a CAGR of over 3% for the 2021-2031 forecast period.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
The global packaging industry is witnessing credible developments, with several manufacturers embracing lightweight and flexible alternatives, most notably paper and paperboard. This is prompting enhanced usage of specialty pigments in paper processing, thus stimulating demand.
The transition towards paper based packaging is enabling companies to fulfill their sustainability commitments, which is being further stimulated by preference for organic and natural pigments and dyes manufactured from renewable sources such as plants.
The global textile industry is experiencing significant developments, expected to surpass the billion dollar marker in the long-run. The industry is ever growing, marked by prolific developments with respect to dyeing and coating technologies. Maximum opportunities abound across key countries in the Asia-Pacific region.
These countries have attracted significant investments in the dyes and pigments sector, as rapid urbanization rates have increased demand for clothing and apparel as consumers experience enhanced living standards and a surge in per capita spending.
Demand for dyes and pigments in the U.S. is estimated at above US$ 8 billion for 2020. Growth is majorly attributed to extensive applications across the construction sector. Oxford Economics projects that construction activity across the U.S will increase by US$ 1.5 trillion in the next decade.
Consequently, complex inorganic color pigments are being deploy to satisfy the highest demands for heat stability, chemical inertness as well as weather and light fastness. Furthermore, pigments are being deployed to ensure wood conservation across residential settings.
The market for dyes and pigments is expected to register a CAGR exceeding 5% across China until 2031, projected to reach nearly US$ 8 billion. Deployment is expected to be maximum across the textile industry. According to Textile Info Media, China is the world’s largest textile cloth manufacturer, contributing 7% of the GDP.
Furthermore, the National Development and Reform Commission, the textile sector registered stable development in the first 11 months of 2020, with value added output rising by 2.5% and domestic retail sales of apparel standing at US$ 172.4 billion. Hence, dyes and pigments deployment also surged, prompting newer expansion opportunities.
By classification, reactive dyes held maximum sway in 2020, accounting for nearly 3/5 of the revenue. High organic component presence and enhanced resistance to fading render them highly suitable for application across textile manufacturing.
Simultaneously, demand for disperse dyes is expected to surge to be valued at over US$ 19 billion by the end of the 2021-2031 forecast period. Availability of different energy grades, less water solubility and fastness in washing are some key factors enhancing its adoption.
By application, textile grade dyes and pigments are likely to capture bulk of overall demand, generating over 60% of overall revenue in 2020. Extensive textiles production to satiate global demand is pivoting sales across this segment.
Prominent manufacturers are expected to glean maximum benefits across such key economies as China, India, Bangladesh, Indonesia and Thailand, as these are considered primary textile production hubs.
Key dyes and pigments manufacturers primarily emphasize on producing color schemes and product lines customized according to each end-users’ requirements. Furthermore, collaborations between existing players to promote advanced research as well as acquiring players are also important strategies.
|Historical Data Available for||2016-2020|
|Market Analysis||US$ Mn for Value & ‘000 Units for Volume|
|Key Regions Covered||
|Key Countries Covered||
|Key Segments Covered||
|Key Companies Profiled||
|Pricing||Available upon Request|
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunitiesBuy Now
Get A Special pricing for start-ups and universitiesEnquiry Before Buying
- Humble, Yet Honored -
- Research Methodology -
An Adaptive Approach to Modern-day Research NeedsGet Methodology
- Related Reports -
Dyes and pigments market was valued at over US$ 30 billion as of 2020, according to Fact.MR.
Sales of dyes and pigments are expected to reach more than US$ 38 billion by 2031, expanding at a CAGR of nearly 3%.
Demand for dyes and pigments expanded at a CAGR of approximately 3% during the 2016-2020 historical period.
Dyes and pigments market is reliant on extensive sales across the textile and construction industries.
China, the U.S., and India are expected to account for bulk of global demand for dyes and pigments, with the market in China expanding at 5% CAGR and the U.S valued at US$ 8 Bn in 2020.
Europe accounted for nearly 1/5 of global dyes and pigments demand in 2020.
The global dyes and pigments market revenue share across the textile industry is anticipated to comprise nearly 60% through 2031.
Reactive dyes and pigments are slated to account for more than 3 out of 5 sales over the decade.
Demand for disperse pigments and dyes to surpass US$ 19 billion by 2031, expanding at over 3% CAGR.
Some of the major manufacturers of dyes and pigments include BASF SE, Cathay Industries, Clariant AG, DIC Corporation, DyStar Singapore Pte. Ltd., Huntsman Corporation, and Synthesia S.A.
Need An Exclusive Report For Your Unique Requirement?