Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
A substance used to impart color to textiles, paper, leather, and other materials such that the coloring is not readily altered by washing, heat, light, or other factors is called as dyes. They are usually water soluble. Pigments are colored, black, white or fluorescent particulate organic or inorganic solids which usually are insoluble in water. 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. The dyes have a direct affinity to textiles while pigments have no direct affinity to textiles
Government has taken initiative to increase their construction spending for infrastructural development and rapid industrialization in Europe leads to incredible growth from the past few decades. Likewise, increasing construction expenditure across the Europe will drive the market growth 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 Europe dyes and pigments market based on product, application and country.
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 segment is anticipated to grow at a faster rate in 2020 and expected to grow during forecast period 2021-2027. Owing to, reactive dyes shows resistance to fading and are available in a range of bright shades, which makes them suitable for coloring cotton and rayon.
Based on the applications of the dyes and pigments market segmented into Paints & coatings, Plastics, Leather, Paper, Construction and Others (Textiles, Printing Inks). The paints and coatings segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period 2021-2027. Due to rise in construction expenditure across Europe leads to rise in requirements of paints and coatings along with advantages provide by paints and coatings that prevent substrate deterioration. Hence market shows rise in demand for dyes and pigments.
Country wise, the study is comprised of the key countries such as the UK, Germany, France, Italy, Spain and Rest of Europe. The UK held the largest market share of Europe dyes and pigment market and is likely to dominate the market over the estimated time frame. Owing to the factors responsible for the market growth in UK are rise in construction expenditure.
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 Europe 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.
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