Dyes and Pigments Market to Reach USD 56.91 Billion by 2029; Rising Population and Rapid Economic Development to Fuel Market Progress

The global dyes and pigments market size is expected to exhibit strong growth by reaching USD 56.91 billion by 2029. Fortune Business Insights™ in its report titled “Dyes and Pigments Market Size, Share & COVID-19 Impact Analysis, By Type (Dyes, {Reactive, Disperse, Vat, Acid, and Others}, and Pigment {Inorganic and Organic}), By End-use Industry (Dyes {Textiles, Leather, Paper, Paints, Plastics, and Others}, Pigments {Printing Inks, Paints and Coatings, Plastics, and Others), and Regional Forecast, 2022-2029” observes that the market size in 2021 stood at USD 39.09 billion and touched USD 40.71 billion in 2022. The market is expected to exhibit a CAGR of 4.9% during the forecast period. The rising population, rapid economic development, and growing progress of the e-commerce industry are expected to propel the market growth during the upcoming years.

Clariant Announced Novel Eco-Friendly Pigment Solutions to Expand Market Reach

Clariant announced novel eco-friendly pigment preparation named Licosperse for polishing applications in October 2021. This launch may enable the company to enter a new segment and enhance its reach globally.

Halt on Manufacturing to Hinder Market Growth During the Pandemic

This market may be negatively affected during the COVID-19 pandemic due to a halt on manufacturing activities. Increasing COVID infections led to the lack of raw materials, thereby disrupting the supply chain. However, COVID relaxations eased the market’s condition. Manufacturers adopt part-time shifts, reduced capacities, and automated production techniques to recover costs and boost annual revenues. These factors may bolster the dyes and pigments industry's growth during the pandemic.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/dyes-pigments-market-102333

Robust Demand from the Paints & Coatings Industry to Foster Industry Growth

Dyes and pigments are used for coloring materials. Strong demand for the coloring substance from the paints & coatings sector may bolster market progress. Moreover, the rising awareness regarding the product’s mechanical strength, clarity, corrosion resistance, toughness and color of the solids may enhance demand. Moreover, increasing chemical’s applications in the architectural, automotive, decorative, and architectural sectors may boost sales. Also, the strong demand for coatings from the manufacturing industry may drive the dyes and pigments market growth.

Key Players Opt for Acquisitions to Expand Product Portfolio

The prominent companies operating in the market acquire major players to expand their product portfolio and market reach. For example, Sun Chemical DIC Corporation acquired BASF’s global pigments business in June 2021. This acquisition may allow the company to extend its DIC portfolio in cosmetics, inks, coatings, paints, and electronic display sectors. Furthermore, major players engage in mergers, partnerships, research and development, expansions, and acquisitions to boost their market position.

Key Industry Development

• October 2021 - Clariant launched Licosperse, an eco-friendly pigment preparation for polish applications.

List of Key Players Profiled in the Report

• BASF SE (Germany)


• DIC CORPORATION (Japan)


• Clariant (Switzerland)


• Sudarshan Chemical Industries Limited (India)


• Huntsman International LLC. (U.S.)


• Atul Ltd (India)


• Cabot Corporation (U.S.)


• DuPont (U.S.)


• Kiri Industries Ltd. (India)


• KRONOS Worldwide, Inc. (U.S.)

Further Report Findings

• The market in Asia Pacific stood at USD 15.91 billion in 2021 and is expected to gain a significant portion of the global dyes and pigments market share during the upcoming years.


• Further, the rising middle-class population and the development of the textile industry are expected to propel the demand for dyes and pigments. In addition, the development of the textile industry is expected to propel market progress.


• In Europe, increasing consumption of chemicals in the textile industry in the U.S. is expected to propel the demand for the product. These factors may boost the market growth.

Report Scope & Segmentation