A dye is a substance that mixed into a solvent and used to change the color of something. As 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. Pigments are stable at normal temperatures and have a high tinting capacity, so when applied on objects or combined with a liquid, only a small amount is required to see the color. 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 factors driving the market growth are growing demand for organic pigments improving living standards and evolving lifestyles which causes rise in demand for dyes and pigments in various sectors such as textiles, paper and cosmetic industry also. Likewise, rising demand for paints and coatings and increasing demand for unique effect pigments in personal care products 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 Asia Pacific dyes and pigments market based on product, application and country.
The various products included in dyes and pigments market is bifurcated 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 segment accounted for the majority of the dyes and pigments market share in 2020 because of it have good fastness properties owing to the covalent bonding that occurs during dyeing. It plays vital role in the coloration of cellulosic fibers
The dyes and pigments market finds has their application in Paints & coatings, Plastics, Leather, Paper, Construction and Others (Textiles, Printing Inks). The paints and coatings segment surgeries segment leads the market in 2020 and is witnessing fastest growth in upcoming years. The factors responsible for market growth are they provide corrosion resistance to protect equipment, structures, and various components from corrosion, degradation, and failure.
The countries covered in the Asia-Pacific dyes & pigment market report are China, Japan, India and rest of APAC. The China held the largest market share of Asia Pacific market and is likely to dominate the market over the estimated time frame. China is one of the major contributing country in construction field. As well as rise in industrialization and globalization will boosts the market growth. The increasing purchasing power of the consumers and their changing lifestyle is major factor for the market growth in the region.
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 Asia Pacific dyes and pigments market based on product, application and Country. 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. Country wise study comprises countries like China, India, Japan and rest of Asia Pacific. The China held the largest market share of Asia Pacific dyes & pigment market and is likely to dominate the market over the estimated time frame.
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