The dyes and pigments market size is expected to post a CAGR of over 4% during 2019-2023, according to the latest market research report by Technavio. Request a free sample report
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The rising demand for paints and coatings is one of the major factors contributing to the dyes and pigments market growth. Dyes and pigments are predominantly used in the surface coatings industry to protect materials from rust and enhance their aesthetic appearance. Dyes and pigments are extensively used in the construction and automotive industries to protect exterior parts such as doors, windows, and panels. Therefore, the rapid growth of the end-users will drive market growth over the forecast period.
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As per Technavio, the increasing preference for non-toxic natural dyes will have a positive impact on the market growth over the forecast period. This research report also analyzes other important trends and market drivers that will influence market growth over 2019-2023.
Dyes And Pigments Market: Increasing Preference for Non-Toxic Natural Dyes
Manufacturers of textile dyes have been traditionally dependent on chemical and artificial dyes for tanning and textile dyeing processes. However, factors such as difficulty of application and prevalence of skin irritation and skin cancer owing to prolonged exposure have resulted in a shift from artificially synthesized dyes to organic and naturally derived dyes. Many government bodies and agencies such as EPA and REACH have been encouraging the use of organic dyes in textiles, paints and coatings, and other industrial applications. Organic dyes are environment-friendly as they are not toxic and hazardous to human health. Therefore, there is a growing preference for organic dyes, which is expected to increase further during the forecast period.
“Apart from the growing demand for paints and coatings, factors such as the availability of diversified products and the increasing demand for reactive dyes will have a significant impact on the growth of the global dyes and pigments market during the forecast period,” says a senior analyst at Technavio.
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Dyes and Pigments Market: Segmentation Analysis
This market research report segments the dyes and pigments market by application (paints and coatings, textiles, printing inks, and plastics), by product (pigments and dyes) and geographical regions (APAC, EMEA, and the Americas).
APAC led the market in 2018, followed by the Americas and EMEA. The growth of the dyes and pigments market share in APAC can be attributed to the rising demand for dyes and pigments from end-user industries such as construction, paints and coatings, and textiles sectors.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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