Dyes And Pigments Market Size, Share & Trends Report

Dyes And Pigments Market Size, Share & Trends Analysis Report By Product (Dyes (Reactive, Vat, Acid, Direct, Disperse), Pigment (Organic, Inorganic)), By Application, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-545-8
  • Number of Pages: 130
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the dyes and pigments market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for dyes and pigments market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of dyes and pigments market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Dyes And Pigments Market Categorization:

The dyes and pigments market was categorized into three segments, namely product (Dyes, Pigments), application (Dyes, Pigments), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The dyes and pigments market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The dyes and pigments market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into six countries, namely, the U.S.; Germany; the UK.; India; China; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Dyes and pigments market companies & financials:

The dyes and pigments market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Clariant AG - Clariant is a Swiss-specialty chemical multinational company. The company offers solutions for various applications through its pigments business unit including conventional printing inks, electrophotographic toners, inkjet inks, and automotive coatings, decorative, industrial, and special applications.

  • DIC Corporation -DIC Corporation is a global chemical company that specializes in the production of a wide range of products, including pigments, resins, and printing inks. The company has operations in over 60 countries worldwide. DIC's products are used in a variety of industries, including printing, packaging, construction, and electronics.

  • Sudarshan Chemical Industries Limited - Sudarshan Chemical Industries Limited (SCIL) is an Indian multinational chemical manufacturing dyes, pigments, and other specialty chemicals products for use in a variety of industries, including textiles, coatings, inks, and plastics.

  • Huntsman International LLC - Huntsman International LLC is a multinational chemical manufacturing company that produces a variety of chemical products such as polyurethanes, performance products, and advanced materials The Company operates in more than 100 countries with production facilities in 69 countries. The segment offers a broad range of products, including acid dyes, basic dyes, direct dyes, disperse dyes, pigment preparations and pigment dispersions.

  • Atul Ltd. - Atul Ltd is a company that produces and markets a wide range of chemical and chemical-related products. The company operates through two business segments, based on the types of products they offer. The first segment, called Performance and other chemicals, deals with the sale of aromatics for fragrances and personal care items, bulk chemicals, intermediates used in the making of cosmetics and automobile tires, chemicals used in textile dyes, and plastics polymers used in airplanes and automobiles. The second segment, known as Life science chemicals, specializes in selling crop protection products such as herbicides, insecticides, and fungicides, as well as pharmaceuticals used to treat conditions such as depression, diabetes, infections, and cardiovascular diseases.

  • Cabot Corporation - Cabot Corporation is a prominent manufacturer of specialty chemicals and performance materials catering to various industries such as infrastructure, consumer, and transportation. The company has over 35 manufacturing facilities spread across the globe. The dyes and pigments segment of the company specializes in the production and sale of carbon black, a type of pigment used in a wide range of industrial and consumer products, such as inks, coatings, and tires. The Dyes and Pigments segment also produces and sells a variety of other pigments and dyes, including azo pigments, which are used in the textile, plastic, and paint industries.

  • DuPont - DuPont is a chemical manufacturing company that produces wide range of products including chemicals, polymers, fibers, and biomaterials that are used in various industries such as agriculture, transportation, construction, and consumer goods. DuPont's dyes and pigments are used in a wide range of applications such as textiles, printing, inks, paints, and plastics.

  • Kiri Industries Ltd. -Kiri Industries Limited (KIL) is an Indian company that manufactures and sells a wide range of dyes, pigments, and intermediate.  The company serves customers globally, with a strong presence in the domestic market, and exports its products to more than 50 countries.KIL's product portfolio includes both organic and inorganic pigments, as well as dyes for various applications such as textiles, leather, and paper.

  • Kronos Worldwide Inc. - Kronos Worldwide, Inc. is a publicly traded company that produces and sells titanium dioxide (TiO2), a white pigment used in a wide range of industrial and consumer products, including paints, coatings, plastics, and paper. The pigments are produced in different plants located in Europe, North America and Canada.

  • Lanxess -Lanxess is involved in the manufacturing and distribution of additives, chemical intermediates, plastics, and specialty chemicals. It currently operates through three major business segments, namely performance polymers segment, advanced intermediates segment, and performance chemicals segment. 

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Dyes And Pigments Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Dyes And Pigments Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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