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The dyes and pigments market size is estimated to grow by USD 12.98 billion at a CAGR of 5.66% between 2022 and 2027. The increasing demand for dyes and pigments from various industries, such as textiles, paints and coatings, and plastics, is driving market growth. Rising awareness about the use of organic and natural dyes, driven by environmental concerns and health considerations, is leading to a shift towards more sustainable and eco-friendly dyeing processes. The rising demand for high-performance pigments (HPP) pigments, which offer superior properties such as durability, heat resistance, and colorfastness, is also driving market growth as industries seek advanced materials for their products.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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This market report extensively covers market segmentation by product (pigments and dyes), end-user (paints and coatings, textiles, printing inks, plastics, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The pigments segment is estimated to witness significant growth during the forecast period. Pigments are responsible for imparting vivid and long-lasting color to the paint. They improve the appearance of the surface, increase resistance to weathering and fading, and contribute to the overall longevity of the paint. In addition, in the plastic industry, pigments are used to color plastic materials and increase their eye-catching properties. They are used in the manufacture of a wide variety of plastic products, such as toys, packaging materials, auto parts, and electrical components.
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The pigments segment was the largest segment and was valued at USD 23.09 billion in 2017. Pigments give the resin its color while remaining stable under various processing conditions. Furthermore, there are two types of pigments on the market, organic and inorganic pigments. Organic pigments are derived from organic compounds and are widely used to provide vivid and vibrant colors. Inorganic pigments are derived from minerals and do not contain organic compounds. They are known for their excellent heat resistance, stability, and durability. Therefore, such factors are expected to raise the use of pigments, which will drive the growth of the market during the forecast period.
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Europe is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Rapid industrialization, growing urbanization, and the rising demand for various end-user products are the key factors driving the growth of the market in this region. Countries such as China, India, and Japan have invested heavily in developing advanced manufacturing capabilities, enabling them to produce high-quality dyes and pigments at competitive prices.
Moreover, another key factor contributing to the growth of the market in the region is the growing disposable income of the people and changing consumer preferences in the region. As consumer purchasing power increases, so demand for a wide range of products, including textiles, automobiles, and packaging materials is also raised. These industries heavily depend on dyes and pigments for vibrant colors and high aesthetics. Therefore, these factors will drive the growth of the market in APAC during the forecast period.
The market is influenced by factors such as the manufacturing process, production costs, and volatility in raw material prices. With the shift towards online retailing and the growth of e-commerce platforms, the market has seen changes in its distribution network. However, environmental concerns, such as water pollution and the high metal content in pigments, pose challenges. Stringent regulations and policy changes impact the industry, particularly in applications like the textile industry. The market offers a wide range of products, including reactive dyes and organic pigments, known for their resistance to fading and ability to produce bright shades. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising awareness about the use of organic and natural dyes is the key factor driving the growth of the market. One of the primary reasons for the increasing popularity of organic and natural dyes is their minimal impact on human health. These dyes are derived from renewable sources like plants, vegetables, and fruits, making them safe for use in products that directly contact the human body. They also offer benefits such as lower water consumption compared to reactive dyes, as well as organic substances that provide resistance to fading and bright shades when coloring cotton and rayon. Additionally, inorganic pigments are commonly used in various primary applications. Additionally, organic and natural dyes offer environmental benefits by being sourced sustainably, reducing the carbon footprint associated with their production, and minimizing negative impacts on the ecosystem.
Moreover, organic and natural dyes provide a wider range of colors, which has led to their adoption in the beauty and cosmetics industry. This adoption offers consumers a safer and more eco-friendly alternative. Overall, these factors are expected to drive the demand for organic and natural dyes, contributing to the growth of the global dyes and pigment market in the forecast period.
Rising investment in infrastructure development is the primary trend in the market. The global construction industry is growing at breakneck speed, with large contributions from emerging economies. The global construction industry is expected to grow to nearly USD 15 trillion by 2030. By 2021, emerging markets are already contributing more than 50% of the global construction industry's revenue. Governments in these areas are investing heavily in residential buildings as a large number of people migrate to urban cities in search of jobs, better lifestyles, and other amenities.
Furthermore, in Saudi Arabia, the government's Vision 2030 program aims to diversify the economy and reduce the country's dependence on oil revenues, which is expected to boost construction industry growth. Hence, rising construction activities related to infrastructure projects globally are expected to propel the growth of the market during the forecast period.
The rise in health and safety concerns due to synthetic dyes and pigments affects the growth of the market. One of the main concerns is the presence of harmful chemicals in dyes and pigments, which can adversely affect human health. Studies have shown that long-term exposure to these chemicals can increase the risk of developing different types of cancer, including lung, bladder, and skin cancers. Another important health problem concerns the potential toxicity of dyes and pigments when they come into contact with the skin.
Furthermore, there are environmental safety issues associated with the manufacture and use of certain dyes and pigments. Synthetic dyes and pigments are made from non-renewable resources and require large amounts of water and energy to produce. Treating wastewater containing dyes and pigments can also negatively impact water availability, contaminating and harming aquatic life. As a result, these factors are expected to impede the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Vibrantz Technologies: The company offers dyes and pigments such as Cu-Phthalo Blue, Pigment Red 146, Pigment Violet 23, and Pigment Yellow 83.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is driven by construction spending and infrastructural development, leading to increased demand in paints & coatings. Major producers are focusing on advanced technologies to meet this demand. However, challenges like high water consumption and hazardous pollutants need to be addressed. Raw materials such as iron oxide pigments play a crucial role in the market. Manufacturers are leveraging low-cost & skilled manpower to optimize manufacturing footprint. Regulatory scenarios are also influencing market dynamics. With a wide application in industries, including construction, the market is poised for growth, emphasizing color and density enhancement through innovative solutions.
The market serves various application industries, such as construction. Key components like benzene are used in manufacturing, impacting the market's client base. The chemistry involves covalent bonds and interaction with cellulose fibers for proper wetting. Regulation scenarios are crucial, especially concerning chemical interactions and the use of optical brighteners. Manufacturers focus on production facilities to meet demand from construction industries. The market's evolution includes a drive toward leanness and substitution to enhance mass and color with color-enhancing agents. Brick & mortar stores play a role in product distribution and market growth.
Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.66% |
Market growth 2023-2027 |
USD 12.98 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.25 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
Europe at 36% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AGROFERT AS, Archroma Management GmbH, Atul Ltd., Cabot Corp., Clariant International Ltd., Dainichiseika Color and Chemicals Mfg. Co. Ltd., DIC Corp., Dow Chemical Co., Flint Group, Heubach GmbH, Huntsman International LLC, Kemira Oyj, Kronos Worldwide Inc., Lanxess AG, Pidilite Industries Ltd., Sudarshan Chemical Industries Ltd., Toyo Ink SC Holdings Co. Ltd., Venator Materials Plc, Vibrantz Technologies, and Zhejiang Longsheng Group Co. Ltd. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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