Published: October 2022 | Report Code: 10681 | Available Format: PDF
The global dyes and pigments market was valued at $37,548.65 million in 2021, and this number is further expected to increase to $57,946.67 million by 2030, advancing at a CAGR of 4.94% during 2021–2030. This can be attributed to the rising disposable income, growing construction activities, booming end-use industries, such as automotive, paints & coatings, packaging, and textile; rising number of government initiatives for the textile industry, and increasing consumer awareness toward eco-friendly dyes and pigments.
Organic pigments will register the faster growth during the forecast period. This can be attributed to the surging awareness of consumers regarding the harms of inorganic pigments, increasing consumption of organic variants in printing inks, and growing food & beverage industry, where such pigments are used as coloring agents. Moreover, the government initiatives, regulations, and acts, such as the Code of Federal Regulations (CFR), Generally Recognized as Safe (GRAS), and FFDA, drive the pigments market demand.
Inorganic pigments held the larger revenue share in 2021, and they are further expected to maintain their position during the forecast period. This can be attributed to their price effectiveness, growing industrial usage owing to their high opaqueness, lightfastness, fade resistance, and insolubility; and rising need for high-performance inorganic pigments in surface coatings. Additionally, the increasing preference for improved aesthetics of automobiles are driving the consumption of inorganic pigments for surface treatment.
The growth of industries such as automotive, construction, paints & coatings, plastics, printing, packaging, automotive, and cosmetics & personal care is driving the market for dyes and pigments globally. The increasing disposable income is enabling consumers to spend more on personal care products. Advertising, media penetration, and promotional offers have played a key role in driving the demand for such products, in turn, propelling the consumption of colorants. Moreover, the availability of international brands and rapid urbanization propel the market size.
Market Size in 2021
Revenue Forecast in 2030
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
By Type; By Application; By Region
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Reactive dyes accounted for the largest dyes and pigments market revenue share, under the dyes division, of more than 52%, in 2021, and this category is further expected to maintain its dominance during the forecast period. This can be ascribed to the water solubility, ease of application, resistance to UV-induced deterioration, and availability in all shades and different forms, such as print–paste liquid and powder, of reactive dyes.
Furthermore, vat dyes held a significant dyes market share in 2021, owing to their widespread usage in the textile industry for coloring cellulosic fiber, particularly cotton fiber, along with viscose rayon, leather, and other fibers. Its major end products are jeans and other denim products.
Additionally, disperse dyes will register substantial growth during the forecast period, owing to the widespread usage of cellulose triacetate in the dyeing of nylon and acrylic fibers. Such dyes are also used in the coloring of hydrophobic polyester, which is hard to color, and they can be used in resins and plastics, for general and surface coloring purposes as well.
Textiles account for the majority of the revenue generation among all dye applications. This can be attributed to the increasing dye usage in coloring apparel, home, construction, industrial, medical, and safety textiles, technological improvements in manufacturing facilities, and different government programs and policies implemented to assist the expansion of the textile industry.
Moreover, paints & coatings are a major application of pigments, attributed to the high construction rate in emerging economies, surging demand for environment-friendly products, and rising consumption of architectural and decorative coatings.
The printing inks category will witness rapid growth during 2021–2030. This will be owing to the growing packaging sector, where inks are extensively used for marking and graphical advertisements, advancements in the printing technology and devices, and booming trend of digital printing.
The use of new technologies in the dyes and pigments industry, to allow manufacturers to improve the characteristics of the end products, is growing. For instance, the new ultra-thin-pigment technology offers new color shades such as GoldenWhite, GoldenShine, and CopperGlow, by combining silver, copper, and gold, thus giving color saturation to the product. Such shades are now replicable in polymers, printing inks, and coatings. Additionally, technologies that disperse less pollutants are being deployed, keeping environmental safety in mind. For instance, the National Emissions Standard for Hazardous Air Pollution (NESHAP) has established the criteria to control the use of VOCs, and as a result, automotive paint manufacturers are switching from the solvent-borne technology to the powder and water-borne coating technologies.
APAC accounted for the largest revenue share, of more than 60%, in 2021, and it is further expected to dominate the market during the forecast period. This is attributed to the growing economy, mounting significance of product innovation, increasing urbanization rate, and consumers’ changing preference. The surging application of pigments in paints & coatings, automotive sector, and inks & varnishes is essentially fueling the prosperity of the players.
North America held a significant revenue share in 2021 in the market. This can be attributed to the mounting fashion consciousness, established medical sector, and implementation of strict environmental regulations by the local governments. Additionally,
Europe will witness substantial growth during the forecast period. This significant hike can be attributed to the growing production of dyes and pigments, surging demand for plastics owing to the rise in the requirement for medical and food & beverage packaging, and increasing demand for leather products.
The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.
Based on Type
Based on Application
The market for dyes and pigments valued $37,548.65 million in 2021.
The reactive type dominates the dyes industry.
The market for pigments is led by paints & coatings applications.
Faster growth in the market for dyes will be in the disperse type.
The pigments industry is driven by the growing demand for paints and coatings in the automotive and construction industries.
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