Global Dyes and Pigments Market was Valued at US$ 31.47 Bn in 2020 Owing to Rising adoption of Colorants across Diversified Applications.
Dyes and pigments are the sub-categories of a larger category termed as colorants. Dyes form a part of organic colorants, while pigments are available in both, organic and inorganic forms of colorants. Dyes showcase large scale applications for coloring of textile, paper & packaging, while pigments are largely used for the coloring of cosmetics, inks, paints and plastics. Increased demand for colorants across wide array of applications is fueling the growth of global dyes and pigments market. In terms of revenue, the global dyes and pigments market was valued at US$ 31.47 Bn in 2020 growing at a CAGR of 4.7% over the forecast period (2021 – 2029).
Organic Pigments to Grow at the Fastest Rate over the Forecast Period (2021-2029)
According to Absolute Markets Insight report, organic pigments is anticipated to witness fastest growth during 2021-2029 period in the global dyes and pigments market. A global shift towards environmental products has accelerated the demand for organic dyes. Organic dyes have applications across textiles, paper, plastics, constructions, paper & specialty, printing inks, paints, and coatings. Increased spending in the Asia Pacific and Mideast regions, will help upsurge global consumer spending that will benefit important dye and organic pigment markets such as textiles and plastic products. Due to expanding textile production, the sector accounted for a substantial share of organic pigments demand in the global market. Increasing investments towards expansion of scope of applications of organic pigments is anticipated to further contribute towards the segment’s growth over the forecast period.
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Construction and Cosmetics Industry to witness Fastest Growth over the Forecast Period (2021-2029)
Over the years, construction industry has experienced tremendous growth due to increasing population and their rising incomes. The demand for variety of colours in construction materials has led to increased demand for inorganic pigments, as they have a long lasting effect and are largely used for architecture and infrastructure projects. For instance, LANXESS delivers a wide-ranging product range of iron oxides for the construction industry. This includes red, yellow, black and brown iron oxides as well as green shades based on chromium oxides. Colored concrete products exposed to different location-specific and climate-specific conditions exhibit particularly high durability due to their color stability and resistance properties for construction projects. Inorganic pigments have increased demand as they are cost effective and provide customization along with their availability in various forms such as powder, granules, compacted and liquid.
Cosmetic dyes are color additives that are used as coloring agent in numerous cosmetic products such as facial make up, nail products, eye make-up, and others. Cosmetics companies have also been aware of the rising concerns of the side effects of the dyes and pigments that are used in the products which are harmful for the skin. Lately organic dyes and pigments are being used in the products. Growth in user awareness regarding the side-effects and drawbacks of consumption of synthetic colorants are boosting the demand for carmine and other organic dyes. Artificial dyes and pigments affects the health of the consumers causing several skin related diseases. Although synthetic dyes and pigments have been used in cosmetic products, there is a need to replace these with natural alternatives such as carmine and other type of organic cosmetic dyes. Manufacturers in the global dyes and pigments market are investing towards launching various products with natural ingredients owing to the growth in demand for natural ingredients, which has also boosted the growth of the market demand.
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Indirect distribution channel to have the fastest growth in the forecast period (2021-2029)
AMI reports that indirect distribution channel will grow at the fastest rate over the forecast period in the global dyes and pigments market, due the availability of wide range of pigments and dyes through distributors and retailers of global brands. With the increased usage of internet and advanced e-commerce facilities, accessibility to different brands of dyes and pigments have become possible. Global companies are also looking forward to offer their dyes and pigments on various online platforms to offer the customers with wide range of products across various countries, which is estimated to proliferate the growth of indirect distribution channel segment in the global dyes and pigments market over the forecast period.
Expansion of Textile Industries to Drive Fastest Growth in the North America Region
AMI reports that North America region will grow at the fastest rate over the forecast period as population in major countries like United States continues to fuel rapid urbanization, and opportunities for commercialization steadily increase. The increasing demand and high expansion of industries such as printing inks, paints, coating is also aiding the market growth in the region. Additionally rapidly developing business that is mainly driving the demand from end user industries like textiles is substantially fueling the region’s growth. With technological developments like digital printing on fabrics have increased the demand for textile pigments and dyes and fueling the market expansion in North America. Increased awareness towards eco-friendly products have escalated the demand for organic dyes and pigments. Additionally cosmetics industry is rising owing to the shifting trend towards hair colouring and increasing demand for cosmetics dyes in different applications.
Some of the players operating in the global dyes and pigments market are Altana AG, Atul Ltd, BASF SE, Cabot Corporation, Clariant, DIC CORPORATION, Huntsman International LLC., Kiri Industries Ltd., KRONOS Worldwide, Inc, Lanxess AG, Qingdao Haiwan Specialty Chemicals Co., Ltd, Stahl Holdings B.V., Sudarshan Chemical Industries Limited, Tronox Holdings plc, and Vipul Organics Ltd. amongst other market participants.
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Global Dyes and Pigments Market:
- Reactive Dyes
- Disperse Dyes
- VAT Dyes
- Acid Dyes
- Direct Dyes
- Paints & Coatings
- Printing Inks
- Personal Care & Cosmetics
- Paper & Packaging
By Distribution Channel
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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