[206 Pages Report] The global dyes & pigments market was valued at 30.92 billion in 2015 and is projected to reach 42.00 billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Dyes and pigments are colorants or substances that impart color to textiles, plastics, concrete, and paper. Dye is a soluble substance that has affinity to substances on which it is applied. Dyes can be classified as acid dyes, vat dyes, direct dyes, and basic dyes. Pigments are water and oil insoluble colorants that impart color to substances such as paper, plastics, paints, and concrete. In this report, 2015 is considered as the base year and the forecast period is from 2016 to 2021.

Market Dynamics

Drivers

Increase in per capita consumption of dyes & pigments in emerging economies

Increasing demand from end-use industries

High demand for HPP pigments

Restraints

Volatile raw material prices

Stringent environmental regulations

Opportunities

Technological advancemnets in the market

Increasing demand from end-use industries

Dyes & pigments have many applications ranging from paints & coatings, textile construction, and printing inks to plastics. Growth in the dyes & pigments market is partly driven by a turnaround in these key industries and their increasing need in these applications. The paints & coatings industry is growing significantly because of rising infrastructure. Asia-Pacific is expected to be a major market for paints & coatings due to increasing population and infrastructure projects. Thus, dyes & pigments companies can gain profit margin by providing various types of dyes to cater the growth in the Asia-Pacific paints industry, thus increasing their revenue and market position.

The objectives of this study are:

To define, describe, and analyze the global dyes & pigments market by type, application, and region

To forecast and analyze the market size (in terms of value and volume) and different submarkets of five regions�Asia-Pacific, Europe, North America, South America and the Middle East & Africa

To forecast and analyze the market at the country level for each region

To strategically analyze each submarket with respect to individual growth trends and its contribution to the global dyes & pigments market

To analyze opportunities in the market for the stakeholders by identifying high growth segments of the global dyes & pigments market

To identify significant market trends and factors driving or inhibiting the growth of the market and its submarkets

To analyze competitive developments, such as expansions, joint ventures, new products launches, and acquisitions, in the global dyes & pigments market

To strategically profile the key market players and comprehensively analyze their growth strategies

This technical, market oriented, and commercial research study of the global dyes & pigments market involves the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, and Factiva) to identify and collect information. The primary sources mainly include several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry�s supply chain. After arriving at the overall market size, the total market has been split into several segments. The figure below illustrates the breakdown of the primary interviews based on company type, designation, and region conducted during the research study:

To know about the assumptions considered for the study, download the pdf brochure

Raw material suppliers are the first stage of the value chain for dyes product. Different types of raw materials and technologies are used for the production of dyes including crude oil. Intermediates are derived from the reaction between aromatic hydrocarbon (obtained from crude oil distillation) and other chemicals. The final product obtained from the intermediates in the form of granules known as dyes. In case of pigments, some of the major raw materials used for producing pigments include illite, hematite, natural gas, and zincite. Pigments are obtained from their raw materials via a series of metallurgical or chemical processes. Some of the key manufacturers of pigments include BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Tronox Limited (U.S.). The manufactured pigments are used by the paint, ink, paper, and textile industries in conjugation with binders.

Major Market Developments

In September 2016, Eckart launched its new pigment portfolio and a new �illoom� concept at the packaging innovations exhibitions in London, held in September 2016. The new products � TOPSTAR 06 3000 Brilliant Silver and LUXAN & SYMIC synthetic mica were launched for printing and arts applications. illoom provides designers opportunities to enhance their designs and sketches.

In September 2016, Huntsman launched a new titanium dioxide pigment, HOMBITAN AFDC 101. This new pigment can be used alone or in combination with other color pigments. It is mainly used in cosmetics applications and provides better opacity to the products.

In August 2016 HEUBACH GmbH expanded its inorganic pigments production capacity at its existing site in Germany. This expansion helped the company meet the increasing customer requirements.

The target audiences for the dyes & pigments market report are as follows:

Dyes & pigments manufacturers

Dyes & pigments suppliers

Raw material suppliers

Investment banks

Government bodies

Scope of the Report

This report categorizes the global market for dyes & pigments on the basis of type, application, and region.

Dyes & Pigments market, by type:

Dyes, by type-

Reactive dyes

Disperse dyes

VAT dyes

Direct dyes

Acid dyes

Others

Pigments, by type-

Titanium dioxide

Inorganic pigments

Organic pigments

Dyes & Pigments market, by application:

Textile

Paints & coatings

Plastics

Leather

Paper

Construction

Printing ink

Others

Dyes & Pigments market, by region:

Asia-Pacific

Europe

North America

South America

Middle East & Africa

Critical questions which the report answers

What new product dyes & pigments manufacturing companies are exploring?

Which are the key players in the market and how intense is the competition?

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company�s specific needs. The following customization options are available for the report:

Regional Analysis

Further breakdown of a region with respect to a particular country, additional application, and/or type

Country Information

Additional country information (up to three)

Company Information

Detailed analysis and profiles of additional market players (up to five)

The global dyes & pigments market was USD 32.86 billion in 2016, and is projected to reach USD 42.00 billion by 2021, at a CAGR of 5.0% during the forecast period. Increase in per capita consumption of dyes & pigments in emerging economies and increasing demand from end-use industry is expected drive the market during the forecast period.

Dyes and pigments impart color to the substance by reflecting light of a particular wavelength. The shade of a color depends on the amount of light reflected/scattered. Hence, a substance reflecting more light appears to be darker. However, in case of pigments, light scattering also depends on the particle size and refractive index of pigments and its binders. Reactive dyes are commonly used for dyeing cellulosic fibers. The dyes & pigments market is mainly driven by increasing demand from the end-use industries. High demand for high-performance pigments (HPPs) is also contributing to the growth of the market.

The global dyes market is classified on the basis of type, namely, reactive dyes, disperse dyes, VAT dyes, direct dyes, acid dyes, and others. Reactive dyes is expected to lead the global dyes market during the forecast period, followed by disperse dyes. Reactive dyes lead the market due to its growing use in the textile application. The market for acid dyes is expected to witness the highest CAGR from 2016 to 2021. On the other hand, global pigments market is classified on the basis of type, namely, titanium dioxide, inorganic pigments, and organic pigments. Titanium dioxide is expected to lead the global pigments market during the forecast period, followed by inorganic pigments. The growth is mainly due to capacity expansion and growing demand from emerging economies such as Brazil, China, and India.

The global dyes & pigments market is segmented on the basis of region, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America. Currently, the Asia-Pacific region is the largest market for dyes & pigments. The increasing population coupled with rising disposable income in the region is expected to drive the increasing demand for dyes & pigments. South America is projected to be the second-fastest growing market from 2016 to 2021. This growth is attributed to the rapidly growing textile sector in the region.

Rising consumer spending drives dyes market in textile application

Textile

The textile industry is evolving; therefore, dyes used for textile applications are also undergoing changes to meet the rapidly changing demand from the fashion industry. For example, polyesters are a major consumer of disperse dyes. Cotton fabrics are more in demand during the summers, which increases the demand for vat, reactive, and direct dyes.

Construction and coatings applications to drive the growth of dyes & pigments market

Construction

In construction application, pigments are used in pavers, concrete masonry, floor tile, roof tile, pipe & panels, bridges, and precast walls. Inorganic pigments provide heat stability, chemical inertness, and weather & light fastness properties for construction material applications. Pigments used in construction application increase the durability of buildings and conserves wooden materials.

Paints & Coatings

In coatings application, pigments are used in architectural and industrial coating. Pigments are used in this application to provide whiteness & tone, aesthetic appeal, opacity, and durable protection. In architectural coatings, pigments are used in paints, stains, lacquers, primers, and clear coats applications. In industrial coatings, they are used in automotive, coil, powder, and marine coatings.

Critical questions the report answers:

Where will all these developments take the industry in the mid to long term?

What are the upcoming product type of dyes and pigments?

The major factors restraining the growth of the global dyes & pigments market is environmental regulations. Rigid restrictions have been made imperative for industries that produce dyes and pigments.

Some of the key players in the global dyes & pigments market are BASF SE (Germany), Clariant AG (Switzerland), Atul Limited (India), Sudharshan Chemicals Industries Limited (India), DIC Corporation (Japan), Huntsman Corporation (U.S.), Kiri Industries Ltd. (India), Kronos Worldwide, Inc. (U.S.), Lanxess AG (Germany), Tronox Limited (U.S.) among others.

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