The global dyes & pigments market size was valued at USD 36.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. Increasing demand from various application industries, such as textiles, paints & coatings, construction, and plastics, is expected to drive the market growth. Major producers are actively venturing into enhancing their products by utilizing advanced technologies for the efficient removal of hazardous pollutants during the manufacturing process. Manufacturers are likely to experience varied production costs due to volatility in the prices of raw materials, such as benzene. A wide distribution network in the market is achieved through both physical retail stores and online retailing.
The availability of the products on e-commerce platforms has increased the client base of the market participants. Rapid growth in the global construction industry has also been a key growth-driving factor for the overall market. Countries, such as the U.S., the U.K., China, Indonesia, India, Saudi Arabia, and UAE, are the major countries exhibiting significant global growth potential in the construction sector.
The rising population coupled with rapid industrialization has encouraged governments to increase their construction spending for infrastructural development. Thus, an increase in construction expenditure across the world is expected to create massive product demand in the coming years. However, increasing environmental concerns are resulting in policy changes across the globe, which is anticipated to restrain the market growth during the forecast period.
Factors, such as water pollution during the manufacturing processes, high metal content in pigments, and excessive water consumption in the textile industry to rinse dyes, are the major environmental threats. Stringent regulations have been imposed in regions, such as Europe, North America, and China, which may challenge the market growth.
The reactive dyes segment dominated the market with a revenue share of more than 56.0% in 2021. These products are composed of highly colored organic substances and have primary application in tinting textiles. They have a high resistance to fading and are available in a range of bright shades, which makes them suitable for coloring cotton and rayon.
Moreover, they can form a covalent bond with the fiber during the process of dyeing. It includes parent dye, a linking group, and an active group. These advantages permit them to possess characteristics, which are superior and preferable to other dyes used in cellulose fibers. The segment is estimated to expand further at the fastest CAGR from 2022 to 2030.
Inorganic pigments earned a higher share in the market as compared to organic pigments due to their properties, such as good wetting, darker color, and leanness. However, the organic pigments segment is anticipated to register the fastest CAGR of 5.6%, in terms of revenue, from 2022 to 2030. Stringent regulations affecting the inorganic pigments demand are also likely to provide positive scope for organic pigments through internal substitution of the product.
The textiles segment dominated the dyes market with a share of more than62.0%, in terms of revenue, during 2021. However, the printing inks segment is estimated to register the fastest CAGR from 2022 to 2030. The growing digital printing sector is expected to fuel the demand for dyes in printing inks application. Countries, such as India and China, are the major producers of dyes, which is likely to provide positive scope for printing inks application across the Asia Pacific region.
Dyes are used in inks for giving desired color and density. Dyes can produce more color and density per unit of mass than pigments. The dye-based inks have the ability to interact chemically with other ingredients. Hence, they give a better picture than pigment-based inks with the addition of optical brighteners and color-enhancing agents. These factors are expected to boost the product demand in the printing inks application segment.
Asia Pacific was the dominant regional market and accounted for more than 63.0% of the global revenue share in 2021. The market faces strict regulations that obstruct product usage as well as production in North America and Europe. Thus, the production facilities are being shifted to the Asia Pacific region, owing to favorable manufacturing conditions and leniency in regulations. This is supported by the easy availability of raw materials and low-cost and skilled manpower.
Europe accounted for more than 17.0% of the overall revenue share in 2021. The increasing production capacities of dyes in Europe are indications of its increasing demand. For instance, in June 2020, Cathay Industries announced to expand its manufacturing footprint in South East Asia to meet the increasing demand for iron oxide pigments from the coating, plastics, and construction industries.
Major players in the market are involved in the research & development for the production of superior-quality colors that provide improved features. In addition, the companies are also adopting technological collaborations to boost their efforts in R&D activities.
The products are generally distributed through the company-owned distribution channels; however, third-party distribution channels are also employed. The companies lay high emphasis on expanding the area of operation to increase their market share. The global dyes & pigments market is significantly fragmented owing to the presence of a large number of manufacturers across the globe. Some of the prominent players in the global dyes & pigments market:
BASF SE
Clariant AG
DIC Corp.
Sudarshan Chemical Industries Ltd.
Atul Ltd.
Huntsman Corp.
Cabot Corp
E.I DuPont De Nemours & Co
Tronox Ltd
Kronos Worldwide Inc.
Lanxess AG
Kiri Industries Ltd.
Report Attribute |
Details |
Market size value in 2022 |
USD 38.1 billion |
Revenue forecast in 2030 |
USD 57.2 billion |
Growth rate |
CAGR of 5.2% from 2022 to 2030 |
Base year for estimation |
2021 |
Historical data |
2019 - 2020 |
Forecast period |
2022 - 2030 |
Quantitative units |
Volume in kilotons, revenue in USD million/billion, CAGR from 2022 to 2030 |
Report coverage |
Volume forecast, revenue forecast, competitive landscape, growth factors trends |
Segments covered |
Product, application, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country Scope |
U.S.; Germany; U.K.; India; China; Brazil |
Key companies profiled |
BASF SE; Clariant AG; DIC Corp.; Sudarshan Chemical Industries Ltd.; Atul Ltd.; Huntsman Corp.; Cabot Corp, Tronox Ltd, E.I DuPont De Nemours & Co,Kronos Worldwide Inc.; Lanxess AG; Kiri Industries Ltd. |
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2019 to 2030. For this study, Grand View Research has segmented the global dyes & pigments market report based on the product, application, and region:
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
Dyes
Reactive Dyes
Vat Dyes
Acid Dyes
Direct Dyes
Disperse Dyes
Others
Pigments
Organic
Inorganic
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
Dyes
Printing Inks
Textiles
Paper
Leather
Others
Pigments
Plastics
Paints & Coatings
Construction
Printing Inks
Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
North America
U.S.
Europe
Germany
U.K.
Asia Pacific
India
China
Central & South America
Brazil
Middle East & Africa
b. The global dyes & pigments market size was estimated at USD 36.4 billion in 2021 and is expected to reach USD 38.1 billion in 2022.
b. The global dyes & pigments market is expected to grow at a compound annual growth rate of 5.2% from 2022 to 2030 to reach USD 57.2 billion by 2030.
b. The reactive dyes segment dominated the dyes and pigments market with a revenue share of more than 56% in 2021. These products are composed of highly colored organic substances and have primary application in tinting textiles.
b. The textiles segment dominated the dyes market with a share of over 62%, in terms of revenue, in 2021. However, the printing inks segment is estimated to register the fastest CAGR from 2022 to 2030.
b. Asia-Pacific dominated the dyes & pigments market with a share of more than 63% in 2021. The market is facing strict regulations that obstruct the production and usage of dyes and pigments in North America and Europe, which has led to production facilities being shifted to the Asia Pacific region.
b. Some key players operating in the dyes & pigments market include BASF SE; Clariant AG; DIC Corporation; Sudarshan Chemical Industries Limited; Huntsman Corporation; Atul Ltd.; Cabot Corp; Kiri Industries Ltd.; Kronos Worldwide Inc.; and Lanxess AG.
b. Key factors that are driving the dyes & pigments market growth include surging demand from various applications such as textiles, paints and coatings, construction, and plastics.
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The outbreak of COVID-19 has disrupted logistics and transportation and resulted in a delay in shipments from China. The delay has caused a rise in raw material prices are negatively impacting the dyes and pigments industry in various countries across the globe. Prices of crucial dye intermediates are moving upward in the range of over 30% from the average price in the same time period as compared to 2019, which will have a cascading negative effect on the industry, such as textiles, printing inks, papers, and other allied sectors till the containment of COVID-19 across the globe. The updated report will account for COVID-19 as a key market contributor.
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