The Global Market for Pigments and Dyes is Projected to Exceed 13 Million Tons by 2022
Increasing Competitiveness and Demanding Application
Requirements Drive Growth in the Global Pigments and Dyes Market, According to a
New Report by Global
Industry Analysts, Inc.
GIA launches
comprehensive analysis of industry segments, trends, growth drivers, market
share, size and demand forecasts on the global Pigments and Dyes market. The global market for Pigments and Dyes is projected
to exceed 13 million tons by 2022, driven by increasing competitiveness, demanding
application requirements, and robust demand for special effect and high
performance pigments.
Pigments and
dyes are used for coloring in a wide range of end-use industries such as paints
and coatings, plastics, paper and printing inks. Increasing globalization,
restructuring and internationalization has been a key trend shaping pigments and
dyes demand over the past several years. A key result is the transfer of
production bases to cost effective Asian markets. With manufacturers in a rush
to provide value-added services to customers, basic services are taking a back
seat, and are increasingly supplemented by higher standards of product
functionalities and related services. Healthy growth is projected for the
market in the coming years driven by the rising
popularity of new, high quality, and high performance pigments that offer
additional properties such as UV, corrosion resistance, anti-bacterial and
self-cleaning. Increasing
utilization of non-impact printing techniques like inkjet in the graphic arts
market is expected to fuel demand for high-performance pigments while eroding
the share of traditional pigments used in conventional printing inks. Also, the
automotive sector has experienced growing demand for unique effects and colors
in recent years, and the trend is likely to propel the consumption of
high-performance as well as effect pigments.
Widespread
adoption of natural, organic and eco-friendly dyes that overcome the drawbacks
of traditional dyes such as toxicity, environmental hazards and high energy
consumption is also expected to bode well for the dyes market. Strong demand
from expanding end-user applications in plastics, cosmetics, inks, non-impact
printing, electronics and cosmetics is likely to fuel consistent demand for high
performance and specialty pigments in the approaching years. Printing inks are also poised to exhibit considerable gains as a
result of technological advancements and increasing demand for digital inks. The
consistent growth exhibited by the packaging sector is likely to offset losses
associated with decreasing demand for publication. However, even with these
growth drivers strongly in place, there are certain restraining factors. These
include the overcapacity issue, complicated consumer requirements, low profit
margins, consolidations, new technologies, high operating costs, rising raw
material prices, excess capacity, foreign competition, and rising environmental
protection-related concerns highlighting the negative consequences of excess
use of pigments.
As stated by
the new market research report on Pigments and Dyes, Asia-Pacific represents the largest and the fastest
growing market worldwide with a CAGR of 4.2% over the analysis period. Steadily
growing economies, rapid industrialization, elimination of quotas on textile
industry, thriving end-use industries, and a paradigm shift in production to
low-cost Asian countries represent important growth drivers in the region.
China, Taiwan and Korea possess stronghold in disperse dyes, while India leads
in the production of reactive dyes worldwide. Segment-wise, Titanium dioxide
continues its dominance in the market due to extensive use of the material in
paints, plastic processing and varnishes.
Key players
covered in the report include ALTANA AG, Asahi Songwon Colors Ltd., Atul Ltd.,
BASF SE, Cathay Pigments, Inc., Clariant International Limited, DIC
Corporation, DyStar Singapore Pte. Ltd., Ferro Corp., Flint Group, Heubach
GmbH, Huntsman International, LLC, Kemira Oyj, Kronos Worldwide, Inc., Lanxess
AG, Merck KGAA, Organic Dyes and Pigments,
Sudarshan Chemical Industries Ltd., Synthesia
a.s, The Chemours Company, The Shepherd
Color Company, Toyo Ink SC Holdings Co., Ltd., and Tronox, Inc., among others.
The research
report titled “Pigments and Dyes: A Global Strategic Business Report” announced by Global Industry Analysts
Inc., provides a comprehensive review of market trends, growth drivers, issues,
mergers, acquisitions, and other strategic industry activities of major players
worldwide. The report provides market estimates and projections for all major
geographic markets such as the US, Canada, Japan, Europe (France, Germany,
Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and
Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and
Rest of World. Product segments analyzed include Dyes (Acid Dyes, Basic Dyes,
Direct Dyes, Disperse Dyes, Fiber Reactive Dyes, Vat Dyes, Fluorescent
Brighteners, and Other Dyes), Inorganic Pigments (Titanium Dioxide, Iron
Oxides, and Other Inorganic Pigments), and Organic Pigments.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA,
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