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.
The substances that are used to impart color to a material are known as dyes and pigments. 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 also it can be differentiate between particle siae. 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 factors driving the market growth in North America are increasing in the domestic construction sector and rapid urbanization due to major construction processes are carried out in many countries. Hence, dyes and pigments market has been seeing incredible growth from the past few decades. Likewise, increasing demand from the textile industry 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 country.
By the various products mentioned in dyes and pigments market is classified 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 largest market share owing to, reactive dyes provide high resistance to fading and are available in a range of bright shades. Besides this, reactive dyes reacts with cellulose and importing color on cellulosic fibers. Hence demand for reactive dyes has increased.
The dyes and pigments market has its application in 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. The factors driving market growth are rising industrialization along with the increasing new infrastructures that leads to growing demand for paints and coatings. As paints and coatings are applied to prevent deterioration of buildings.
Country wise, the study is comprised of the key countries such as the Unites States (US), Mexico and Canada. The US held the largest market share of North America dyes and pigment market and is likely to dominate the market over the forecast period 2021-2027. The countries such as US, Mexico and Canada, surge rise in demand for new infrastructure leads to increase in demand for dyes and pigments in US.
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 North America 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 US, Mexico and Canada. The US held the largest market share of North America dyes and pigment market and is likely to dominate the market over the estimated time frame.
Why to buy this report:
