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Pigments and Dyes Market

Pigments and Dyes Market

Pigments and Dyes Market, Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031

Pigments and Dyes Market

Market Snapshot

According to the pigments and dyes 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.

Key Points Covered in Pigments and Dyes Market Study:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Pigments and Dyes and How to Navigate
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Pigments and Dyes Demand from 2016-2020 Vs Future Forecasts for 2021-2031

From 2016 to 2020, sales of pigments and dyes remained high, being valued at over US$ 30 billion. Increasing demand from key application industries, including textiles, construction, paints & coatings and 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 pigments and dyes 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.

How is the Packaging Industry Opening Up Growth Frontiers for Pigments and Dyes?

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.

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Will a Flourishing Global Textile Industry Act as a Catalyst for Adoption of Pigments and Dyes?

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 pigments and dyes 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.

pigments and dyes market

Country-wise Analysis

Why Do Growth Prospects for Pigments and Dyes Appear Bright across the U.S?

Demand for pigments and dyes 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.

How is China Generating Growth Opportunities for Manufacturers of Pigments and Dyes?

The market for pigments and dyes 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, pigments and dyes deployment also surged, prompting newer expansion opportunities.

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Category-wise Insights

Which Pigments and Dyes Classification is Set Record Maximum Surge in Demand?

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.

Will Pigments and Dyes for Textiles Generate Bulk of Global Demand?

By application, textile grade pigments and dyes 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.

Competitive Landscape

Key pigments and dyes 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.

  • In June 2021, BASF SE announced expansion of its innovation efficiency in Japan by moving the Dispersions and Resins Applications R&D Center from Amagasaki to Yokkaichi to strengthen cross-functional collaboration across the supply chain management team.
  • In May 2021, Clariant AG launched the HostatintTM AU aqueous pigment dispersions, expanding the color choice for exterior and interior architectural coatings. These colors are endowed with new low-VOC and APEO-free technologies.

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Report Scope

Attribute Details
Forecast Period 2021-2031
Historical Data Available for 2016-2020
Market Analysis US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
  • North America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Latin America
  • Middle East & Africa
Key Countries Covered
  • U.S
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa
Key Segments Covered
  • Classification
  • Application
  • Region
Key Companies Profiled
  • Atlanta AG
  • Asahi Songwon Colors Ltd.
  • Atul Ltd.
  • Cathay Industries USA
  • Clariant AG
  • DIC Corp.
  • DyStar Singapore Pte. Ltd.
  • Ferro Corp.
  • Sun Chemical Corporation
  • Synthesia SA
  • Sudarshan Chemical Industries Ltd.
  • Huntsman Corp.
  • Kronos Worldwide Inc.
  • Kiri Industries Ltd.
  • Tronox Inc.
  • Merck KGaA 
  • Flint Group
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Key Market Segments Covered

  • Classification

    • Disperse Dyes and Pigments
    • Reactive Dyes and Pigments
    • Sulphur Dyes and Pigments
    • Other Dyes and Pigments Classifications
  • Application

    • Textile Dyes and Pigments
    • Ink & Paint Dyes and Pigments
    • Leather Dyes and Pigments
    • Paper Dyes and Pigments

Pigments and Dyes Market - Scope of Report

A recent study by Fact.MR on the pigments and dyes market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering pigments and dyes.

The study also provides the dynamics responsible for influencing the future status of the pigments and dyes market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing pigments and dyes, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of pigments and dyes across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of pigments and dyes during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative pigments and dyes markets?
  • Which factors will impact the growth of the market?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the pigments and dyes industry?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for pigments and dyes are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global pigments and dyes market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the pigments and dyes market during the forecast period.

Country-specific valuation on demand for pigments and dyes has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of pigments and dyes, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering pigments and dyes has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the pigments and dyes market. 

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the pigments and dyes market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

Pigments and dyes market was valued at over US$ 30 billion as of 2020, according to Fact.MR.

Sales of pigments and dyes are expected to reach more than US$ 38 billion by 2031, expanding at a CAGR of nearly 3%.

Demand for pigments and dyes expanded at a CAGR of approximately 3% during the 2016-2020 historical period.

Pigments and dyes 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 pigments and dyes, 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 pigment and dye demand in 2020.

The global pigments and dyes market revenue share across the textile industry is anticipated to comprise nearly 60% through 2031.

Reactive pigments and dyes 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 suppliers of pigments and dyes include BASF SE, Cathay Industries, Clariant AG, DIC Corporation, DyStar Singapore Pte. Ltd., Huntsman Corporation, and Synthesia S.A.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.