Dyes & Pigments Market Size, Share, Dynamics And Future Growth Report 2030

Dyes & Pigments Industry Overview

The global dyes & pigments market size was valued at USD 36.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030.

Increasing demand from various application industries, such as textiles, paints & coatings, construction, and plastics, is expected to drive the market growth. Major producers are actively venturing into enhancing their products by utilizing advanced technologies for the efficient removal of hazardous pollutants during the manufacturing process.

Manufacturers are likely to experience varied production costs due to volatility in the prices of raw materials, such as benzene. A wide distribution network in the market is achieved through both physical retail stores and online retailing.

Gather more insights about the market drivers, restrains and growth of the Global Dyes & Pigments Market

U.S. Dyes & Pigments Market size, By product, 2020 - 2030 (USD Billion)

The availability of the products on e-commerce platforms has increased the client base of the market participants. Rapid growth in the global construction industry has also been a key growth-driving factor for the overall market. Countries, such as the U.S., the U.K., China, Indonesia, India, Saudi Arabia, and UAE, are the major countries exhibiting significant global growth potential in the construction sector.

The rising population coupled with rapid industrialization has encouraged governments to increase their construction spending for infrastructural development. Thus, an increase in construction expenditure across the world is expected to create massive product demand in the coming years. However, increasing environmental concerns are resulting in policy changes across the globe, which is anticipated to restrain the market growth during the forecast period.

Factors, such as water pollution during the manufacturing processes, high metal content in pigments, and excessive water consumption in the textile industry to rinse dyes, are the major environmental threats. Stringent regulations have been imposed in regions, such as Europe, North America, and China, which may challenge the market growth.

Browse through Grand View Research’s Paints, Coatings & Printing Inks Industry Research Reports.

  • Plastic MarketThe global plastic market size was valued at USD 593.00 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030.
  • High Performance Pigments Market The global high-performance pigments market size was worth USD 4.39 billion in 2015. Growing demand for automotive coatings is presumed to play a key role in positively shaping the growth.

Market Share Insights

  • June 2020: Cathay Industries announced to expand its manufacturing footprint in South East Asia to meet the increasing demand for iron oxide pigments from the coating, plastics, and construction industries.
  • June 2021: BASF’s global pigments business has been acquired by Sun Chemical and DIC Corporation. This acquisition will extend DIC’s portfolio as a global manufacturer of pigments for multiple applications like electronic displays, cosmetics, coatings, paints, and inks.

Key Companies profiled:

Some prominent players in the dyes & pigments market include

  • BASF SE
  • Clariant AG
  • DIC Corporation
  • Sudarshan Chemical Industries Limited
  • Atul Ltd.
  • Huntsman Corporation
  • Cabot Corp
  • I DuPont De Nemours & Co
  • Tronox Ltd
  • Kronos Worldwide Inc.
  • Lanxess AG
  • Kiri Industries Ltd.

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