Dyes and Pigments Market, By Dye Type (By Substrate (Acid, Azoic, Basic, Direct, Disperse, Reactive, Solvent, Sulphur, Vat And Mordant)), By Pigment Type {(Inorganic Pigments (Titanium Dioxide, Iron Oxide, Carbon Black, Others), Organic Pigments (Azo, Phthalocyanine, Quinacridone, Others)), By End-Use Industry (Automotive, Textile, Leather, Construction, Paper, Paints & Coatings And Others) – Global Industry Insights, Trends And Forecast – 2017 To 2025

Created On: Jul-2018
Report ID: IR126
Format: PDF

Dyes and Pigments Market: Introduction

Dyes and pigments are compounds that are responsible for imparting color to a material.  They are used across various industries such as printing, textile, automotive, and others. The global dyes and pigments market is expected to grow over the forecast period, owing to their increased demand by industries for apparel dying, protective coatings, and others.

Market Dynamics

The global dyes and pigments market is anticipated to witness a steep rise during the forecast period, due to expanding construction, printing and automobile industries. According to the Select USA, a government-wide program led by the U.S Department of Commerce,  the sale of U.S. light vehicles reached 17.1 million units , due to increased demand of light-vehicles , coupled with increased production of  automobiles. With the growth in textile industry across emerging economies such as China and India, due to rising population, coupled with increased governmental support, is accelerating the growth of dyes and pigments market. For instance, according to India Brand Equity Foundation (IBEF), Amended Technology Up-gradation Fund Scheme  for textile industry, which is a scheme of Indian government to support “Make in India”campaign,  is expected to generate 35 lakh jobs, along with enabling  investments of US$ 14.17 billion by 2022. However, increasing environmental concern due to harmful effects of dyes and pigments, coupled with rising regulatory restrictions on production of dyes and pigments is expected to restrain the global dyes and pigments market.

Segment Analysis:

Reactive dyes segment is expected to hold the major market share during the forecast period, due to their increased demand by textile industry, coupled with the presence of a wide range of reactive dyes such as highly exhaust reactive dyes, cold band reactive dyes and others. The rise in demand of reactive dyes in textile industry is due to their excellent covalent bonding properties with fabrics such as cotton, wool, nylon, and others. Moreover, disperse dyes market is also anticipated to grow during the forecast period owing to their increased use in dying synthetic fabrics.

Inorganic pigments in dyes and pigment market is projected to grow significantly over the forecast years, due to their rising commercial demand by various industries such as automotive, packaging, cosmetics, and others. Among inorganic pigments, Titanium dioxide is anticipated to dominate the market due to their high light fastness, anti-corrosive nature, excellent fluorescent effect and thermal stability. Among organic pigments, Azo compounds are projected to witness continuous growth over the forecast period, due to their high demand in textile and food industry.  The lesser complexity associated with the production of Azo pigments, coupled with low cost of raw materials such as Sodium nitrate, HCL, and water is expected to escalate the growth of azo pigments market.

Textile industry is expected to generate major revenue share over the forecast period, due to rising population and increased consumption of clothing, especially in Asian countries such as China and India. According to The Textile Association (India), more than 40% of the global production of textiles and clothing is in India and China. Widely expanded textile and clothing market in Europe is expected to drive the growth of global dyes and pigments market in the region. According to European Commission (EU),  the clothing and textile sector of Europe accounts for a 3% share of value added and a 6% share of employment in total manufacturing in Europe. Increased consumption of protective dyes and pigments by automotive industry is anticipated during the forecast period, due to their weather-resistance, and anti-corrosive properties.

Regional Insight:

Asia Pacific is expected to dominate the dyes and pigments market during the forecast period, due to increasing population,  coupled with increased urbanization activities. With the expansion in construction and infrastructure sectors in India and China, coupled with increased governmental support to construction industry is expected to accelerate the demand for advanced paint and coatings materials in the region. As per Indian Brand Equity Foundation (IBEF), Indian government plans to invest around US$ 1 trillion in the development of construction and infrastructure sectors during the 12TH Five year program.

Europe is expected to grow significantly over the forecast period, due to expanding automotive industry in Germany, which has led to increased demand of protective coating materials for automobiles. According to Germany Trade and Invest, around 5.5 million passenger vehicles were produced in Germany, in the year 2017.

Competitive Landscape

The numerous players operating in the global dyes and pigments market include Huntsman Corporation, Lanxess AG, Sudarshan Chemical Industries, Tronox Limited, BASF SE, Kronos Worldwide Inc., Clariant AG, DIC Corporation, CPS Color AG, and Merck Group. The key players in dyes and pigments market are focusing on merger and acquisition activities to expand their global reach and to strengthen their product portfolio. For instance, in April 2018, LANSCO Colours and Dominion Colour Corporation (DCC) has announced their merger in order to fortify their product portfolio and to enhance their global presence.

Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
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