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Dyes and Pigments Market Size Worth $57.2 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, May 25, 2022 /PRNewswire/ -- The global dyes & pigments market size is expected to reach USD 57.2 billion by 2030, registering a CAGR of 5.2% during the forecast period, from 2022 to 2030 according to a new report by Grand View Research, Inc. Dyes & pigments market is projected to witness substantial growth in the consumption, on account of a high application scope coupled with increasing demand from textile and paints & coatings application.

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Key Insights & Findings from the report:

  • Asia Pacific dyes & pigments market was valued at USD 22.9 billion in 2021 and is estimated to grow at a CAGR of 5.9% from 2022 to 2030. Increasing demand from end-use industries including textiles, paper, paints & coatings, construction, and printing inks among others are expected to drive the market growth in the region.
  • Dyes are expected to be the fastest-growing product segment of the global dyes & pigments market during the forecast period.
  • The paints & coatings application segment accounted for the largest market share in the pigments market with more than 36.0% in 2021 and is estimated to maintain its dominance duringĀ  the forecast period owing to the unceasing demand from a number of end-use industries like automotive, marine, and other industries textiles application segment dominated the dyes market in 2021 with more than 62.0% market share and is expected to continue its dominance throughout the forecast period from 2022 to 2030.

Request a free sample copy or view report summary, "Dyes & Pigments Market Size, Share & Trends Analysis Report By Product (Dyes, Pigments), By Application, By Regions, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Dyes & Pigments Market Growth & Trends

The product demand in Asia Pacific is expected to expand at the fastest CAGR, during the forecast period. The growing construction industry coupled with rapid industrialization and urbanization, increasing disposable income of the middle-class families in emerging economies of the region is likely to be the primary driving factor in the coming years. Moreover, strong government support & initiatives along with increasing investment by the government are the factors propelling the growth of the construction industry within the region, which in turn is anticipated to fuel demand for the product in the Asia Pacific.

Increasing utilization of plastics in consumer goods is likely to provide a positive scope for market growth during the forecast period. Pigments are added to polymers to obtain the specific colours in plastic products. Its use in plastics depends upon their weather ability, aging, light fastness, warping, nucleation, and transparency.

The demand for inorganic pigments is higher than organic plastics. The organic pigments tend to form clumps owing to their poor dispersion, which further results in spots and specks in the final product. As a result, inorganic pigments are a preferable option as they are easily dispersed. Titanium dioxide is the widely used inorganic pigment in the plastics application segment.

Based on the product type, reactive dyes and disperse dyes are expected to witness major demand during the forecast period. Dyes cover a broad range of applications from being used in textiles to their application in organic LEDs and liquid crystal displays (LCD). Properties such as enhanced dyeing efficiency, photophysical/photochemical properties, and improved quality to reduce toxicity are expected to propel the growth of reactive dye and disperse dyes in the next eight years.

Dyes & Pigments Market Segmentation

Grand View Research has segmented the global dyes & pigments market based on the product, application and region:

Dyes & Pigments Market - Product Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)

  • Dyes
    • Reactive Dyes
    • Vat Dyes
    • Acid Dyes
    • Direct Dyes
    • Disperse Dyes
    • Others
  • Pigments
    • Organic
    • Inorganic

Dyes & Pigments Market - Application Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)

  • Dyes
    • Printing Inks
    • Textiles
    • Paper
    • Leather
    • Others
  • Pigments
    • Plastics
    • Paints & Coatings
    • Construction
    • Printing Inks
    • Others

Dyes & Pigments Market - Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)

  • North America
    • U.S.
  • Europe
    • Germany
    • U.K
  • Asia Pacific
    • India
    • China
  • Central & South America
    • Brazil
  • Middle East and Africa

List of Key Players in the Dyes & Pigments Market

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

Check out more related studies published by Grand View Research:

  • Iron Oxide Pigments Market - The global iron oxide pigments market size is expected to reach USD 3.1 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.7% from 2021 to 2028. Iron oxide pigments are widely used in various applications such as construction, coatings, plastics, and paper. The growing construction industry across the globe, notably in the fast-emerging regions including Asia Pacific, is anticipated to fuel the demand for iron oxide pigments over the forecast period.
  • Inorganic Colour Pigments Market https://www.grandviewresearch.com/industry-analysis/broadcast-scheduling-software-market?utm_source=prnewswire&utm_medium=referral&utm_campaign=ict_29-Apr-22&utm_term=electronic-design-automation-eda-software-market&utm_content=rl1- The global inorganic colour pigments market size is anticipated to reach USD 3.93 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 3.0%, in terms of revenue, over the forecast period. Rising demand for inorganic colour pigments in plastics, printing inks, and paints and coating application is anticipated to fuel the market growth.
  • Colorant Market - The global colorants market size is expected to reach USD 37.49 billion by 2025, at a registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising consumer demand for dyestuffs in various end-use segments such as plastics, textiles, food, and paints & coating is anticipated to act as a major growth factor for the global market over the next few years.

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

About Grand View Research

Grand View Research, U.S.- based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.

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