Dyes & Pigments Market
Global Dyes & Pigments Market Size, Share & Trends Analysis Report by Type (Dyes (Reactive dyes, disperse dyes, Acid dyes, Others (Vat, Direct)), Pigments (Titanium dioxide, Inorganic pigments, Organic pigments)), By Application (Textile, Paints & Coatings, Plastics, Leather, Construction, Others (Paper, Printing ink)) Forecast Period 2021-2027 Update Available - Forecast 2024-2030
The global market for Dyes & Pigments Market is projected to have a considerable CAGR of around 5.1% during the forecast period. The market is expected to grow due to increased demand from various application industries such as paints & coatings, construction, textiles, and plastics. Large manufacturers are actively working to improve their products by integrating advanced technologies for the effective removal of harmful pollutants during the production processes. Moreover, the rapid expansion of the global construction industry has also become a significant growth driver for the overall market. Countries with significant growth in the construction sector include the US, UK, UAE, China, India, Saudi Arabia, and Indonesia. However, rising environmental issues are inducing policy changes across the globe, which can restrain the market growth over the forecast period. Some of the major environmental threats include high metal content in pigments, high water consumption in the textile industry to rinse dyes, and water pollution during manufacturing processes.
Impact of COVID-19 on Dyes & Pigments Market
COVID-19 had a negative impact on the dyes and pigments market. Due to the pandemic situation, several countries went into lockdown, causing disruptions in the supply chain leading to work stoppages. Therefore, this as a result had a negative impact on the demand for various industries such as textiles, paints, and coatings, among others.
Segmental Outlook
The global Dyes & Pigments Market is segmented based on types, and Applications. Based on the types, the market is further classified as dyes and pigments. Where dyes are segmented into reactive dyes, disperse dyes, acid dyes, others (Vat, Direct). And pigments are segmented into titanium dioxide, inorganic pigments, organic pigments. Further, based on the application the market is classified into textile, paints & coatings, plastics, leather, construction, others (paper, printing ink).
Global Dyes & Pigments Market Share by Application, 2020(%)
The textile segment is considered as dominating segment in the global Dyes & Pigments market.
Among applications, the textile market is estimated as dominating segment during the forecast period as the textile industry is ever-growing wherein the US, China, India, and the European Union being the primary competitors. Further, evolving technology and rapid industrialization in developed and developing countries are assisting the textile sector in creating advanced installations that are capable of high-efficiency fabric production. Therefore, these factors are driving the growth of the textile segment. Moreover, the excess fibers, particularly cotton, in countries such as the US, China, and India, are significantly contributing to the global textile market's growth. The rising government initiatives for the development of the textile sector are also majorly driving the growth of the segment. For instance, in February 2021, the Indian government announced the establishment of 7 mega textile parks in the coming next three years. Additionally, the government has also decided to rationalize duties on raw materials that are used in manmade textiles by decreasing the customs duty rate nylon fiber, yarn, and others to 5%.
Regional Outlook
Geographically, the global Dyes & Pigments Market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)). The Asia Pacific is projected to have a significant share in the Dyes & Pigment market. The growth is attributed to the growth of the textile industry in countries such as China and India due to the availability of low-cost labor. China holds approximately 40% of the total textile market share and India holds almost 5% of the market share. According to the India Brand Equity Foundation, the Indian technical textile market is projected to expand to $23.3 billion by 2027. Further, in the forecast year of 2019-20, India's textiles and apparel exports accounted for 11% of total mercantile shipments.
Global Dyes & Pigments Market Growth, by region 2021-2027
Europe to hold a considerable CAGR in the global Dyes & Pigments Market
Geographically, Europe is projected to hold a significant CAGR global Dyes & Pigments Market. The factors that are contributing to the growth of the market include increasing dyes production in the region is the major driver of the market growth. In June 2020, Cathay Industries announced an expansion of its manufacturing footprint in South East Asia that will help them to meet the rising demand for iron oxide pigments from the plastics, coating, and construction industries. Further, this expansion will also support Cathay's consistent growth of its high-quality CATHAYCOAT, CATHAYTHERM, FERROTINT™, CATHAYGRAN product line, which offers advanced and sustainable solutions. However, the major environmental threats such as water pollution during manufacturing processes, high water consumption in the textile industry to rinse dyes regarding which Europe has imposed strict regulations that can restrain the growth of the market.
Market Players Outlook
The key players in the Dyes & Pigments Market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include - DIC Corp., BASF SE, Huntsman Corp., Kronos Worldwide, Inc., Sudarshan Chemical Industries Ltd., among others. These market players adopt various strategies such as product launches, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. In June 2021, The Heubach Group in collaboration with SK Capital Partners recently announced an agreement to acquire Clariant Pigments. These merged entities will operate under the Heubach brand, creating a global pigments leader with annual sales of more than $11.7 billion.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Dyes & Pigments Marketmarket. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Dyes & Pigments Industry
• Recovery Scenario of Global Dyes & Pigments Industry
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. BASF SE
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. DIC Corp.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Huntsman Corp.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Kronos Worldwide, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Sudarshan Chemical Industries Ltd.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Dyes & Pigments Market by Type
Dyes
5.1.1. Reactive dyes
5.1.2. Disperse dyes
5.1.3. Acid dyes
5.1.4. Others (Vat, Direct)
Pigments
Titanium dioxide
Inorganic pigments
Organic pigments
5.2. Global Dyes & Pigments Market by Application
5.2.1. Textile
5.2.2. Paints & coatings
5.2.3. Plastics
5.2.4. Leather
5.2.5. Construction
5.2.6. Others (Paper, Printing ink)
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. ASEAN
6.3.5. South Korea
6.3.6. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Aarti Industries Ltd
7.2. Atul Ltd.
7.3. Cabot Corp.
7.4. Clariant AG.
7.5. Dalian Dyestuff Chemical Co Ltd
7.6. E.I. Dupont De Nemours & Co.
7.7. Eckart GmbH.
7.8. Flint Group.
7.9. Heubach GmbH.
7.10. Kiri Industries Ltd.
7.11. Lanxess AG.
7.12. Lily Group Co., Ltd.
7.13. Matex Specialty Chemicals Pte Ltd
7.14. National Industrialization Co.
7.15. Osaka Godo Co., Ltd
7.16. Penglai Xinguang Pigment Chemical Co., Ltd
7.17. Sudarshan Chemical Industries Ltd.
7.18. The Shepherd Color Co.
7.19. Tinting Systems Co.
7.20. Tronox Ltd.
1. GLOBAL DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL DYES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL DYES MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
4. GLOBAL PIGMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL PIGMENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
6. GLOBAL DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
7. GLOBAL DYES & PIGMENTS MARKET FOR TEXTILE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL DYES & PIGMENTS MARKET FOR PAINTS & COATINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL DYES & PIGMENTS MARKET FOR PLASTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL DYES & PIGMENTS MARKET FOR LEATHER MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL DYES & PIGMENTS MARKET FOR CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL DYES & PIGMENTS MARKET FOR OTHER (PAPER, PRINTING INK) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
16. NORTH AMERICAN DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
17. EUROPEAN DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
19. EUROPEAN DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
23. REST OF THE WORLD DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
24. REST OF THE WORLD DYES & PIGMENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL DYES & PIGMENTS MARKETMARKET, 2020-2027 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL DYES & PIGMENTS MARKETMARKET BY SEGMENT, 2020-2027 (% MILLION)
3. RECOVERY OF GLOBAL DYES & PIGMENTS MARKETMARKET, 2020-2027 (%)
4. GLOBAL DYES & PIGMENTS MARKET SHARE BY TYPE, 2020 VS 2027 (%)
5. GLOBAL DYES & PIGMENTS MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
6. GLOBAL DYES & PIGMENTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL DYES IN DYES & PIGMENTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL REACTIVE DYES TYPE MARKET SIZE, 2020-2027 ($ MILLION)
9. GLOBAL DISPERSE DYES TYPE MARKET SIZE, 2020-2027 ($ MILLION)
10. GLOBAL ACID DYES TYPE MARKET SIZE, 2020-2027 ($ MILLION)
11. GLOBAL OTHERS (VAT, DIRECT) TYPE MARKET SIZE, 2020-2027 ($ MILLION)
12. GLOBAL PIGMENTS IN DYES & PIGMENTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL TITANIUM DIOXIDE PIGMNETS TYPE MARKET SIZE, 2020-2027 ($ MILLION)
14. GLOBAL INORGANIC PIGMENTS TYPE MARKET SIZE, 2020-2027 ($ MILLION)
15. GLOBAL ORGANIC PIGMENTS TYPE MARKET SIZE, 2020-2027 ($ MILLION)
16. GLOBAL DYES & PIGMENTS FOR TEXTILE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL DYES IN DYES & PIGMENTS FOR PAINTS & COATINGS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL DYES IN DYES & PIGMENTS FOR PLASTICS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL DYES IN DYES & PIGMENTS FOR LEATHER MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
20. GLOBAL DYES IN DYES & PIGMENTS FOR CONSTRUCTION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
21. GLOBAL DYES IN DYES & PIGMENTS FOR OTHERS (PAPER, PRINTING INK) MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
22. US DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
23. CANADA DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
24. UK DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
25. FRANCE DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
26. GERMANY DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
27. ITALY DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
28. SPAIN DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
29. ROE DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
30. INDIA DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
31. CHINA DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
32. JAPAN DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
33. ASEAN DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
34. SOUTH KOREA DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
35. REST OF ASIA-PACIFIC DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
36. REST OF THE WORLD DYES & PIGMENTS MARKET SIZE, 2020-2027 ($ MILLION)
