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Dyes and Pigments Market Size to Reach USD 54.64 Billion by 2026; Steady Growth of the Global Textile Industry to Aid Market Expansion

May 05, 2020 | Chemicals & Materials

The global dyes and pigments market size is expected to touch USD 54.64 billion by 2026 owing to high demand for reactive dyes in various industries, states Fortune Business Insights™ in its new report, titled Dyes and Pigments Market Size, Share & Industry Analysis, By Type (Dyes, {Reactive, Disperse, Vat, Acid, and Others}, and Pigment {Inorganic, and Organic}), By End-use Industry (Textiles, Leather, Paper, Paints & Coatings, Plastics, Printing Inks, and Others), and Regional Forecast, 2019-2026. The report further states that the value of the market stood at USD 37.76 billion in 2018 and is projected to register a CAGR of 4.9% from 2019 to 2026.


Treffert Formulates Bio-based Pigments for Bio-plastics


The creation of bio-friendly and bio-degradable products and solutions has become the prime focus across industries, including dyes and pigments manufacturing. As a result, the development of sustainable solutions has emerged as one of the top dyes and pigments market trends in recent years. In January 2020, the German coatings specialist Treffert Coatings collaborated with Allizé-Plasturgie, a syndicate of plastic manufacturers based in France, to develop and deliver a range of bio-based pigments derived entirely from plant ingredients, which are now being extensively used in the textile industry. These materials can be easily combined with bio-based plastics and can be applied in cosmetics and food packaging purposes. Such novel ideas are expected to enhance the potential of this market during the forecast period.


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


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


Ecological Risks of Dyes Manufacturing to Inhibit Market Growth


Dyes are non-biodegradable soluble, organic compounds that are released as untreated effluents textile manufacturers. Being highly soluble, these dyes, particularly those classified as acidic and reactive, are difficult to remove from water bodies using conventional techniques. Since one of the basic properties of dyes is to impart color to an underlying substrate, they distort the aesthetic appearance of water bodies. More importantly, they do not allow light to penetrate through the water, thereby reducing rate of photosynthesis of underwater plants, creating an imbalance of dissolved oxygen levels and affecting an entire ecosystem of marine organisms. Thus, mounting concerns surrounding the environment may hamper the dyes and pigments market growth in the near future.  


Rising Investment in R&D to Stoke Competitive Spirits among Players


Research and development (R&D) form the core of any industry, but they assume greater significance in industries and sectors that deal with chemicals such as the dyes and pigments industry. According to this market report, key companies in this market are steadily stepping up their investment to enhance their R&D capacity to come up with innovative products for consumers. Increasing focus on R&D is also enabling players to develop environment-friendly solutions and create new avenues for the market to grow.   


Industry Development:



  • March 2018: Kao Corporation, the Japanese chemical and cosmetics company, introduced @Pure Pigments, a novel hair coloring product through its GOLDWELL hair care brand in Europe. The company developed the HDDye Technology, which was based on a nonreactive hair dye that Kao created in partnership with the Dresden University of Technology in Germany and FUJIFILM Corporation. @Pure Pigments uses this technology to give vibrancy to hair color after application.


List of Key Companies Covered in the Report:



  •  Kiri Industries Ltd.

  • Cabot Corporation

  • Huntsman International LLC.

  •  Clariant

  • BASF SE

  • KRONOS Worldwide, Inc.

  • DuPont

  •  Atul Ltd

  • Sudarshan Chemical Industries Limited

  • DIC CORPORATION


Further Report Findings:



  • Asia-Pacific, with market size of USD 15,050.26 million in 2018, is slated to command the dyes and pigments market share during the forecast period. This is mainly attributable to the strong presence of globally-recognized, indigenous chemical companies in Japan and China.

  • The textiles sub-segment under the dyes segment held a share of 43.3% in 2018 and is expected to lead during the forecast period as dyes are critical for making textile products aesthetically appealing.

  • The printing inks sub-segment under the pigments segment held a share of 68.3% in 2018 and is anticipated to maintain its position owing to the wide applicability of printing inks across the industrial spectrum.   


Table of Segmentation:








































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD Million) and Volume (Kilo Tons)



Segmentation



By Type



  • Dyes

    • Reactive

    • Disperse

    • Vat

    • Acid

    • Others



  • Pigments

    • Inorganic

    • Organic





By End-Use



  • Dyes

    • Textiles

    • Leather

    • Paper

    • Paints & Coatings

    • Plastics

    • Others



  • Pigments

    • Printing Inks

    • Paints & Coatings

    • Plastics

    • Others





By Geography



  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, Spain, Russia & CIS, and Rest of Europe)

  • Asia-Pacific (China, India, Japan, ASEAN, and Rest of Asia-Pacific)

  • South America (Brazil, Mexico, and Rest of South America)

  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)


Dyes and Pigments Market
  • PDF
  • 2018
  • 2015-2017
  • 120

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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