The Global Market for Pigments and Dyes is Projected to Exceed 13.2 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 13.2 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 also 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 in the market include ALTANA AG, Asahi Songwon Colors Ltd., Atul Ltd., BASF SE, Cathay Industries USA, Clariant, Dainichiseika Color & Chemicals Mfg. Co., Ltd., DIC Corporation, DyStar Singapore Pte. Ltd., Ferro Corp., Flint Group, Heubach GmbH, Huntsman International, LLC, Ishihara Corp., Kemira Oyj, Keystone Aniline Corporation, Kronos Worldwide, Inc., Lanxess AG, Merck KGAA, Organic Dyes and Pigments LLC, Silberline Manufacturing Co., Inc., Sudarshan Chemical Industries Ltd., Sun Chemical Corporation, 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.

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