Dyes and Pigments Market Segmentation:
Product {Dyes (Reactive, Vat, Acid, Direct, Disperse), Pigments (Organic, Inorganic)}
The global dyes and pigments market is segmented and analyzed for demand and supply by application into dyes and pigments. Out of the two types of application, the dyes segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the rising demand for dyes to impart colors to paper, leather, textile and others. The dyes segment is further segregated into printing inks, textiles, paper, leather, and others. Out of these, the textiles segment is attributed to garner the highest market share in the forecast period, owing to the huge production of textile fibers owing to high demand from various end-use industries. According to recent data, the worldwide production volume of textile fibers rose from 100 thousand metric tons in 2017 to 110 thousand metric tons in 2020.
Application {Dyes (Printing Inks, Textiles, Paper, Leather), Pigments (Plastics, Paints & Coatings, Construction, Printing Inks)}
Furthermore, the global dyes and pigments market is also segmented and analyzed for demand and supply by application into dyes and pigments. The pigments segment is expected to garner the second largest share in the market over the forecast period. The pigment segment is estimated to grow on the back of its higher adoption rate owing to the its excellent properties such as, high chemical, wetness, abrasion, and light resistance, free-mixing, small particle size, and others. Moreover, the pigment segment is additionally bifurcated into plastics, paints & coatings, construction, printing inks, and others, out of which, paint & coating are projected to witness exponential growth over the forecast period. As of 2021, the demand for industrial coating was projected to hit around USD 100 billion which is further expected to grow exponentially as the construction of buildings rise.
Our in-depth analysis of the global market includes the following segments:
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