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 substance used to impart color to textiles, paper, leather, and other materials called dye. 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. 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 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.
The dyes and pigments market has been seeing incredible growth from the past few decades due to factors like increasing application of dyes and pigments in various industries including chemicals, textile, and automotive and rapid urbanization. Likewise, increasing consumption of dyes & pigments will boosts growth of the market in upcoming years. Nevertheless, stringent regulatory framework, volatile raw material prices and unstable raw material prices and stringent environmental regulations 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 United States dyes and pigments market based on product and application.
By the various products mentioned 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 expected to account for the largest share of the market. The factors boosting 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 anticipated to grow at a faster rate in 2020 and expected to grow during forecast period 2021-2027 because of, 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.
The major key players of market include Cathay Industries (United States), Dow (United States), Ferro Corporation (United States), Huntsman Corporation Chemical Business (Indorama Ventures) (United States), Kronos Worldwide Inc. (United States), The Chemours Company (United States), Tronox Limited (United States), Cabot Corporation (United States) and DuPont de Nemours Inc. (United States)
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 United States dyes and pigments market based on product and application. 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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