Dyes & Pigments Market
Growth Factors of Dyes & Pigments Market
The dyes & pigments market size was valued at USD 42.64 billion in 2023, and the market is now projected to grow from USD 44.68 billion in 2024 to USD 56.91 billion by 2032, exhibiting a CAGR of 5.1% during the forecast period of 2023-2030.
The restrictions on finished goods and raw materials oversupply impacted the value chain. Several manufacturing companies were shut down that has caused a reduction in product consumption. Moreover, lack of workers and a shortage of raw materials affected the production capacity. The increasing spread of coronavirus has fueled the packaging work to provide extra protection to the inside products. Thus, the COVID-19 pandemic has both kinds of impact on the dyes & pigments market growth.
The dyes & pigments market share globally has been increased because of the rising textile industry. The reduction of available capital, rapid changes and climate-related unpredictable fashion are propelling the expansion of clothing sectors. The increasing population, spreading knowledge of organic goods, and technological development are enhancing the demand for the products. Fabrics are usually colored to make them attractive. There are two methods to color a cloth - substratum impression and dyeing. Textile colorants include acid dyes mostly used for the dyeing of linen, silk and nylon, and substantive dyes have a strong affinity to cellulose fibers.
The trend of growing demand from the printing ink industry is boosting the market expansion. Inks are either paste or liquid. These are preferably employed for tattoos, coloring, and printing. The gradual growth of e-commerce and the increasing demand for foreign shipping of non-consumer products is impelling the packaging sector. Paperboard packaging has become relevant due to its durable design property. Rapid globalization has also led to the growing demand for printing ink, which is likely to remain a key aspect for industry growth. Strong demand from package printing, publishing, and other industrial printing industries is propelling the growth of the market.
Comprehensive Analysis of Dyes & Pigments Market
The dyes & pigments market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a thorough regional assessment considering the dominant supply and demand forces that impact the paints & coatings industry. These segmentations are methodically segregated by type and end-use. The both segments include dyes and pigments. The dyes from type are reactive, disperse, vat, acid, and others. Similarly, pigments are classified as inorganic and organic. However, for end-use, the dye consists of textile, leather, plastics, paper, paints, and others; while pigments contain printing ink, paints & coatings, plastics, and others.
The Asia Pacific region is conducive to the global dyes & pigments market, leading to a recall of USD 17.61 billion because a rise in the middle income population is probable to persuade buyer spending which is fueling the market growth.
The top players in the market play a vital role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players are BASF SE (Germany), DIC CORPORATION (Japan), Clariant (Switzerland), Sudarshan Chemical Industries Limited (India), Huntsman International LLC. (U.S.), Atul Ltd (India), KRONOS Worldwide, Inc. (U.S.), Cabot Corporation (U.S.), Kiri Industries Ltd. (India), and DuPont (U.S.), these market players provide a competitive landscape.
In December 2020, Asahi Songwon Colors started the commercial operations at the Dahej plant of Asahi Tennants Color. This acquisition helped in widening Asahi’s existence as a global pigments supplier.
Segmentation Table
Global Dyes & Pigments Market Scope
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.1% from 2024 to 2032
Unit Value (USD Billion) and Volume (Kiloton)
Segmentation By Type
Dyes
Reactive
Disperse
Vat
Acid
Others
Pigments
Inorganic
Organic
By End-Use
Dyes
Textile
Leather
Paper
Paints
Plastics
Others
Pigments
Printing Ink
Paints & Coatings
Plastics
Others
By Geography
North America (By Type, By End-Use, By Country)
U.S.
Canada
Europe (By Type, By End-Use, By Country)
Germany
U.K.
France
Italy
Spain
Russia & CIS
Rest of Europe
Asia Pacific (By Type, By End-Use, By Country)
China
Japan
India
ASEAN
Rest of Asia Pacific
Latin America (By Type, By End-Use, By Country)
Brazil
Mexico
Rest of Latin America
Middle East & Africa (By Type, By End-Use, By Country)
GCC
South Africa
Rest of Middle East & Africa
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Regions
- 4.2. Latest Technological Advancement
- 4.3. Insights on Regulatory Scenario
- 4.4. Porters Five Forces Analysis
- 4.5. Qualitative Insights on Impact of COVID-19 on Market
- 5. Global Dyes and Pigments Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. By Type (Volume/Value)
- 5.2.1. Dyes
- 5.2.1.1. Reactive
- 5.2.1.2. Disperse
- 5.2.1.3. Vat
- 5.2.1.4. Acid
- 5.2.1.5. Others
- 5.2.2. Pigments
- 5.2.2.1. Inorganic
- 5.2.2.2. Organic
- 5.3. By End-Use (Volume/Value)
- 5.3.1. Dyes
- 5.3.1.1. Textile
- 5.3.1.2. Leather
- 5.3.1.3. Paper
- 5.3.1.4. Paints
- 5.3.1.5. Plastics
- 5.3.1.6. Others
- 5.3.2. Pigments
- 5.3.2.1. Printing Ink
- 5.3.2.2. Paints & Coatings
- 5.3.2.3. Plastics
- 5.3.2.4. Others
- 5.4. By Region (Volume/Value)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Dyes and Pigments Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. By Type (Volume/Value)
- 6.2.1. Dyes
- 6.2.1.1. Reactive
- 6.2.1.2. Disperse
- 6.2.1.3. Vat
- 6.2.1.4. Acid
- 6.2.1.5. Others
- 6.2.2. Pigments
- 6.2.2.1. Inorganic
- 6.2.2.2. Organic
- 6.3. By End-Use (Volume/Value)
- 6.3.1. Dyes
- 6.3.1.1. Textile
- 6.3.1.2. Leather
- 6.3.1.3. Paper
- 6.3.1.4. Paints
- 6.3.1.5. Plastics
- 6.3.1.6. Others
- 6.3.2. Pigments
- 6.3.2.1. Printing Ink
- 6.3.2.2. Paints & Coatings
- 6.3.2.3. Plastics
- 6.3.2.4. Others
- 6.4. By Country (Volume/Value)
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Dyes and Pigments Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. By Type (Volume/Value)
- 7.2.1. Dyes
- 7.2.1.1. Reactive
- 7.2.1.2. Disperse
- 7.2.1.3. Vat
- 7.2.1.4. Acid
- 7.2.1.5. Others
- 7.2.2. Pigments
- 7.2.2.1. Inorganic
- 7.2.2.2. Organic
- 7.3. By End-Use (Volume/Value)
- 7.3.1. Dyes
- 7.3.1.1. Textile
- 7.3.1.2. Leather
- 7.3.1.3. Paper
- 7.3.1.4. Paints
- 7.3.1.5. Plastics
- 7.3.1.6. Others
- 7.3.2. Pigments
- 7.3.2.1. Printing Ink
- 7.3.2.2. Paints & Coatings
- 7.3.2.3. Plastics
- 7.3.2.4. Others
- 7.4. By Country (Volume/Value)
- 7.4.1. Germany
- 7.4.2. U.K.
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia & CIS
- 7.4.7. Rest of Europe
- 8. Asia-Pacific Dyes and Pigments Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.2. By Type (Volume/Value)
- 8.2.1. Dyes
- 8.2.1.1. Reactive
- 8.2.1.2. Disperse
- 8.2.1.3. Vat
- 8.2.1.4. Acid
- 8.2.1.5. Others
- 8.2.2. Pigments
- 8.2.2.1. Inorganic
- 8.2.2.2. Organic
- 8.3. By End-Use (Volume/Value)
- 8.3.1. Dyes
- 8.3.1.1. Textile
- 8.3.1.2. Leather
- 8.3.1.3. Paper
- 8.3.1.4. Paints
- 8.3.1.5. Plastics
- 8.3.1.6. Others
- 8.3.2. Pigments
- 8.3.2.1. Printing Ink
- 8.3.2.2. Paints & Coatings
- 8.3.2.3. Plastics
- 8.3.2.4. Others
- 8.4. By Country (Volume/Value)
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. ASEAN
- 8.4.5. Rest of Asia Pacific
- 9. Latin America Dyes and Pigments Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.2. By Type (Volume/Value)
- 9.2.1. Dyes
- 9.2.1.1. Reactive
- 9.2.1.2. Disperse
- 9.2.1.3. Vat
- 9.2.1.4. Acid
- 9.2.1.5. Others
- 9.2.2. Pigments
- 9.2.2.1. Inorganic
- 9.2.2.2. Organic
- 9.3. By End-Use (Volume/Value)
- 9.3.1. Dyes
- 9.3.1.1. Textile
- 9.3.1.2. Leather
- 9.3.1.3. Paper
- 9.3.1.4. Paints
- 9.3.1.5. Plastics
- 9.3.1.6. Others
- 9.3.2. Pigments
- 9.3.2.1. Printing Ink
- 9.3.2.2. Paints & Coatings
- 9.3.2.3. Plastics
- 9.3.2.4. Others
- 9.4. By Country (Volume/Value)
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Dyes and Pigments Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. By Type (Volume/Value)
- 10.2.1. Dyes
- 10.2.1.1. Reactive
- 10.2.1.2. Disperse
- 10.2.1.3. Vat
- 10.2.1.4. Acid
- 10.2.1.5. Others
- 10.2.2. Pigments
- 10.2.2.1. Inorganic
- 10.2.2.2. Organic
- 10.3. By End-Use (Volume/Value)
- 10.3.1. Dyes
- 10.3.1.1. Textile
- 10.3.1.2. Leather
- 10.3.1.3. Paper
- 10.3.1.4. Paints
- 10.3.1.5. Plastics
- 10.3.1.6. Others
- 10.3.2. Pigments
- 10.3.2.1. Printing Ink
- 10.3.2.2. Paints & Coatings
- 10.3.2.3. Plastics
- 10.3.2.4. Others
- 10.4. By Country (Volume/Value)
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
- 11. Company Profiles
- 11.1. BASF SE
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Product Portfolio
- 11.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.1.5. Recent Developments
- 11.2. DIC CORPORATION
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Product Portfolio
- 11.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.2.5. Recent Developments
- 11.3. Clariant
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Product Portfolio
- 11.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5. Recent Developments
- 11.4. Sudarshan Chemical Industries Limited
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Product Portfolio
- 11.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.4.5. Recent Developments
- 11.5. Huntsman International LLC.
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Product Portfolio
- 11.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.5.5. Recent Developments
- 11.6. Atul Ltd
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Product Portfolio
- 11.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.6.5. Recent Developments
- 11.7. Cabot Corporation
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Product Portfolio
- 11.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.7.5. Recent Developments
- 11.8. DuPont
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Product Portfolio
- 11.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.8.5. Recent Developments
- 11.9. Kiri Industries Ltd.
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Product Portfolio
- 11.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.9.5. Recent Developments
- 11.10. KRONOS Worldwide, Inc.
- 11.10.1. Overview
- 11.10.2. Description
- 11.10.3. Product Portfolio
- 11.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.10.5. Recent Developments
- 12. Strategic Recommendations
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