A dye is a colored substance that chemically bonds to the substrate to which it is being applied. The dyes are usually water soluble and pigments are usually insoluble. This property will distinguishes dyes from pigments which do not chemically bind to the material they color. The dyes has wide application coloring textiles, paper and other substances. It may require a mordant to improve the fastness of the dye on the fiber. The pigments has wide application in coloring paints, inks, cosmetics and plastics. There are two types of dyes such as natural and synthetic. Both dyes and pigments can absorb only some wavelengths of visible light.
The dyes and pigments market has been seeing tremendous growth from the past few decades. The primary growth factors behind the market growth are increase in per capita consumption of dyes & pigments in emerging economies and increasing consumer preference for Eco-friendly products. Likewise, rising demand for paints and coatings will boosts growth of the market in upcoming years. Nevertheless, stringent regulatory framework and volatile raw material prices are the major restraining factor that could hamper the growth of the market.
Due to COVID 19 outbreak lead to shut down of many industries which will negatively affect the production and supply of dyes and pigments globally. The government in many countries had announced restrictions to transportation and travel hence, transportation of dyes and pigments had declined. Besides this, during COVID 19 pandemic decrease in new constructions results in reduction in production and supply paints and coatings as well as decrease in paper industry causes negative impact on industry. As a result demand for dyes and pigment in various industries like paints and coatings, textiles, and other industry has decreased. Because of this scenario, COVID 19 has negatively affects the dyes and pigment market.
The study analyses global dyes and pigments market based on product, application and geography.
Based on the various products included in dyes and pigments market is segmented into dyes and pigments. The dyes are sub-segmented into Reactive Dyes, Vat Dyes, Acid Dyes, Direct Dyes, Disperse Dyes and others (sulfur dyes, basic dyes, solvent dyes). The pigments are sub-segmented into organic and inorganics. The reactive dyes dominated the market in 2020 and is expected to maintain its dominance during the forecast period 2021-2027. The factors responsible for the market growth are there advantages of reactive dyes as it provide high resistance to fading and are available in a range of bright shades, which makes them suitable for coloring cotton and rayon.
The dyes and pigments market finds its application in Paints & coatings, Plastics, Leather, Paper, Construction and Others (Textiles, Printing Inks). The paints and coatings segment is expected to account for the largest share of the market owing to, rise in new constructions globally that primary requires paints and coatings. As the coatings prevents the infrastructure from corrosion and also prevent substrate deterioration hence demand for dyes and pigments has increased.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, Latin America, Middle East & Africa and Rest of the World. Asia Pacific held the largest market share of global dyes and pigments market owing to, favorable manufacturing conditions and leniency in regulations. Likewise, easy availability of raw materials and low-cost & skilled manpower.in this region will fuel the market growth.
The major key players of market include Altana AG, Archroma, Atul Ltd, BASF SE, Bodal Chemicals Ltd, Carl Schlenk AG, Cathay Industries, Clariant AG, CRISTAL, DIC Corporation, Dow, Ferro Corporation, Flint Group GmbH, Huntsman Corporation Chemical Business (Indorama Ventures), Kiri Industries Limited, Kronos Worldwide Inc., Lanxess, Meghmani Group of Industries, Merck Group, Pidilite Industries Limited, Sudarshan Chemical Industries Limited, The Chemours Company, Tronox Limited, Cabot Corporation and DuPont de Nemours Inc.
March 2019: Clariant launched its first bio-based version of pigment red.
May 2018: Bodal commissioned the new dyestuff plant with a capacity of 12,000 metric ton, taking its total capacity to 29,000 metric ton in the dyestuff category.
April 2018: BASF’s Colors & Effects brand launched pioneering stir-in pigment for automotive coatings.
The study analyses global dyes and pigments market based on product, application and geography. Dyes and pigments are defined as the substances that are used to impart color to a material. The term colorant is often used for both dyes and pigments. The dyes and pigments are categorized based on the particle size. The following factors responsible for the market growth increase in per capita consumption of dyes & pigments in emerging economies and increasing consumer preference for Eco-friendly products. The rising demand for paints and coatings in many countries is the major factors that driving market growth. Nevertheless, architectural and decorative coatings causes increase in consumption of pigments is expected to impede market growth over the forecast period 2021-2027. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, Latin America, Middle East & Africa and Rest of the World.
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