Dyes and Pigments Market

Dyes and Pigment market was estimated at USD 39,812 million in 2020 and predicted to grow at 5.3% CAGR during the forecast period.

Dyes and Pigments Market Overview

Dyes and pigments are elements that impart color to a material. The phrase colorant is usually used for both dyes and pigments. The significant difference between dyes and pigment is the size. Dyes are much more refined than pigments. Thus, dyes are not UV durable, whereas pigments are usually UV durable. Dyes are also known as colorants in which the coloring material is dissolved in liquid, are immersed into the material to which they are applied. On the other hand, pigments consist of excellent particles of ground coloring matter suspended in liquid, forming a paint film that bonds to the surface.

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Major Dyes and Pigments Market Drivers

The factors driving the global Dyes and Pigments market include increasing demand for dyes and pigment in textile industry. Dyes are generally soluble inorganic compounds used as colorants, primarily in the textile industry. Pigments are black, white, or colored organic substances produced and marketed as fine powders used to create color or opacity in a coating such as paint or additives to inks, plastics, rubber, or paper. According to the IBEF, India’s textiles and apparel export stood at USD 23 billion in 2020 and is expected to reach USD 82 billion in 2021. Demand from the domestic and export market will drive the need for dyes and pigment.

Increasing demand for dyes and pigment in the paints & coating industry will boost the market growth during the forecast period. Dyes and pigments give paints and coatings their color and finish and serve to protect the underlying surface from corrosion and weathering and hold the paint intact. Pigments are various inorganic and organic insoluble substances, which are widely used as a surface coating. According to the American coating Association, in 2020, USD 13.6 billion of architectural coatings shipped, USD 7.7 billion of industrial OEM coating were sold and USD 5.3 billion of special-purpose coating were shipped.

Restraint in the Dyes and Pigments Market

However, stringent regulations regarding waste generated during the manufacturing of dyes and pigments will act as a restraint and hamper the market growth during the forecast period.

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Dyes Type – Segment Analysis

Based on the dyes type, the reactive segment is expected to grow at a higher CAGR during the forecast period. Reactive dyes are dyes that make a covalent bond with the fiber and become an integral part of the fiber. These are usually used to dye cellulosic fiber such as cotton, rayon, or flax, but polyamide, wool, silk, and acetate fibers can also be dyed using reactive dyes. For instance, Huntsman International LLC. offer Novacron reactive dyes for dyeing and printing of cellulosic fibers.

Pigment Type – Segment Analysis

Based on the pigment type, the inorganic segment is anticipated to grow at a higher CAGR during the forecast period. The increase in the requirement for more stable pigments to color products like paints, plastics, and ceramics. Industries need to satisfy the highest demand for heat stability and chemical inertness and weather, and light fastness while considering the end products’ ecological factors. The complex inorganic color pigments are the most stable class of pigments developed by the color industry. For instance, Heubach GmbH, Heucodur pigments provide unique fastness properties directly related to high-temperature processing (above 800 ⁰ C).

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Regional – Segment Analysis:

Based on the region, Asia Pacific is predicted to grow at a higher CAGR during the forecast period. The increasing growth of textiles and plastics industries in the region will boost the market during the forecast period. According to the IBEF, India is the world’s second-largest producer of textiles and garments. The textiles and apparel industry covers 2.3% of India’s GDP, 13% of industrial production, and 12% of exports. According to the International Labor Organization, Asia is the garment industry hub for production with seven of the world’s top ten garment exporting companies. In 2018, Asian countries exported USD 341 billion worth of garments, accounting for approximately 64.7% of global exports.

Top Market Players

Various notable players operating in the market, include, BASF SE, Huntsman International LLC, Heubach GmbH, Lanxess, Clariant, DuPont, Kronos Worldwide, Inc., Sudarshan Chemical Industries Limited, DIC Corporation, Kiri Industries Ltd., among others.

Key Developments:

• • In 2021, DIC Corporation announced that wholly-owned subsidiary Sun Chemical expanded its ECO PASSPORT by OEKO-TEX certified colorant portfolio for spin-dyed fibers, reinforcing its commitment to sustainable fibers processing for textiles.
  • In 2020, Huntsman International LLC introduced Terasil Blue W Dye, a breakthrough technology for dyeing polyester and blends. Terasil Blue W high wash fastness dyes raise operational excellence of mills, providing right-first-time results leading to saving of water, energy, and costs.

Segments covered in the Report:

The global dyes and pigments market has been segmented on the basis of dyes Type, pigment Type, end-users, and regions. Based on dyes type, the market is segmented into reactive, disperse, vat, acid, and others. Based on pigment type, the market is segmented into organic, and inorganic. Based on end-users, the market is segmented into textiles, leather, paints & coating, leather, paper, printing ink and others.

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Market Segmentation

Global Dyes and Pigments Market by Dyes Type

• • Reactive
  • Disperse
  • Vat
  • Acid
  • Others

Global Dyes and Pigments Market by Pigment Type

• • Organic
  • Inorganic

Global Dyes and Pigments Market by End-Users

• • Textiles
  • Paints & Coating
  • Leather
  • Paper
  • Printing Ink
  • Others

Global Dyes and Pigments Market by Region

• • North America Dyes and Pigments Market (Option 1: As a part of the free 25% customization)

    • North America Dyes and Pigments Market by Dyes Type
    • North America Dyes and Pigments Market by Pigment Type
    • North America Dyes and Pigments Market by End-Users
    • US Dyes and Pigments Market All-Up
    • Canada Dyes and Pigments Market All-Up

  • Europe Dyes and Pigments Market (Option 2: As a part of the free 25% customization)

    • Europe Dyes and Pigments Market by Dyes Type
    • Europe Dyes and Pigments Market by Pigment Type
    • Europe Dyes and Pigments Market by End-Users
    • UK Dyes and Pigments Market All-Up
    • Germany Dyes and Pigments Market All-Up
    • France Dyes and Pigments Market All-Up
    • Spain Dyes and Pigments Market All-Up
    • Rest of Europe Dyes and Pigments Market All-Up

  • Asia-Pacific Dyes and Pigments Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Dyes and Pigments Market by Dyes Type
    • Asia-Pacific Dyes and Pigments Market by Pigment Type
    • Asia-Pacific Dyes and Pigments Market by End-Users
    • China Dyes and Pigments Market All-Up
    • India Dyes and Pigments Market All-Up
    • Japan Dyes and Pigments Market All-Up
    • Rest of APAC Dyes and Pigments Market All-Up

  • RoW Dyes and Pigments Market (Option 4: As a part of the free 25% customization)

    • RoW Dyes and Pigments Market by Dyes Type
    • RoW Dyes and Pigments Market by Pigment Type
    • RoW Dyes and Pigments Market by End-Users
    • Brazil Dyes and Pigments Market All-Up
    • South Africa Dyes and Pigments Market All-Up
    • Saudi Arabia Dyes and Pigments Market All-Up
    • UAE Dyes and Pigments Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Dyes and Pigments Market All-Up

Major Players Operating in the Dyes and Pigments (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BASF SE
  • Huntsman International LLC
  • Heubach GmbH
  • Lanxess
  • Clariant
  • DuPont
  • Kronos Worldwide, Inc.
  • Sudarshan Chemical Industries Limited
  • DIC Corporation
  • Kiri Industries Ltd.