Global Dyes and Pigments Market Definition
Dyes and pigments are substances that impart color to a material. Dyes are much finer than pigments. Therefore, dyes are not UV, stable whereas pigments are usually UV stable. Dyes, also known as colorants, in which the coloring matter is dissolved in liquid, are absorbed into the material to which they are applied. Pigments, on the other hand, consist of extremely fine particles of ground coloring matter suspended in liquid, which forms a paint film that actually bonds to the surface it is applied.
Dyes and pigments are heavily used for applications such as, ink, pharmaceuticals, textiles, paint, plastic, photographic, cosmetics, food, and many more. Dyes can be both synthetic and natural, and natural dyes are derived from roots, bark, berries, fungi, leaves, wood, and others. Dyes are manufactured with organic compounds, therefore they have carbon while pigments can be made from inorganic compounds and they may not contain carbon. Pigments are utilized to impart bright colors. There are several types of dye available in the market, such as, acetate rayon, vat, acid, lake, azoic, mordant, chrome, direct, and basic dye. Meanwhile, pigments also come in several types that are betalains, flavonoids, chlorophylls, and carotenoids.
The dyes and pigments abbreviation surfacing in the market is Dyes Pigms. The size of particles is the main difference between dyes and pigments, where the particle size of pigments is higher than that of dyes. The small particle size of dye makes it not stable to the UV while pigments are UV stable.
Global Dyes and Pigments Market: Key Insights
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~ USD 40 Billion |
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Forecast Year Market Size (2033) |
~ USD 65 Billion |
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Regional Scope |
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Global Dyes and Pigments Market Size, Forecast, and Trend Highlights Over 2023 - 2033
The global dyes and pigments market is estimated to garner a revenue of ~USD 65 Billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 40 Billion in the year 2022. The growth of the market can be attributed to the growing textile industry across the globe exhibiting high demand for dyes and pigments. Moreover, dyes and pigments are primarily used to color the fabrics and textiles that are further used to make clothes, automotive interiors, decorative curtains, bedsheets, sportswear, protective clothing, and others. For instance, the retail sales for the footwear and apparel were estimated to reach approximately USD 2 trillion in 2019 across the globe.
Global dyes and pigments market trends such as, growth in businesses in textile industry to boost the adoption rate of dyes and pigments in the upcoming years are expected to propel the market growth over the forecast period. Recently, it was calculated that in 2021, the number of textile and cloth manufacturing companies in the European Union was totaled to be 143,000. Dyes and pigments are used in multiple applications in processes of textile industries. Furthermore, owing to increased environmental awareness, and its long-lasting properties, dyes and pigments are highly consumed in textile industry.
Global Dyes and Pigments Market: Growth Drivers and Challenges
Growth Drivers
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Rise in the Construction Industry to Boost the Demand for Dyes and Pigments – The revenue collected by the global construction industry was almost USD 2 trillion in 2019.
The availability of dyes in a wide variety of forms, such as granules, liquids, pastes, pebbles, and many more, makes dyes and pigments a preferred choice in the fields of decoration, aesthetics, and art in the construction industry. The growth in the construction industry is anticipated to raise the sales of dyes and pigments in the upcoming years.
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Boom in the Paint and Coatings Industry – Owing to rapid industrialization, there has been an increase in the use of paints and coatings for imparting colors to materials. Thus, the increasing demand for paints and coatings is further expected to boost the global dyes and pigments market. The global paint and coating industry was estimated to be valued at approximately USD 160 billion in 2020.
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Development in Chemical Industry across the Globe – The global chemical industry in the year 2021, generated a revenue of approximately USD 5 trillion.
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High Investment in Research and Development Activities – The World Bank revealed the statistics of the global expenditure made in the research and development sector in 2020, which amounted to 2.63% of the total GDP. This was a rise from 2.14% of the total GDP in 2016.
Challenges
- Additional External Expenses - The high costs included in various stages is expected to pose as a challenge, as it becomes difficult for the population with middle income or startups to incorporate pressure sensitive adhesives in use of varied processes.
- Stringent Government Rules
- Frequent Changes in Regulatory Standards
Global Dyes and Pigments Market Segmentation
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.
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 dyes and pigments market includes the following segments:
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By Product |
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By Application |
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Global Dyes and Pigments Market Regional Synopsis
The Asia Pacific dyes and pigments market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the rising population, along with their increasing demand and manufacturing of textiles in the region. Recent statistics revealed that China was the top-ranked global textile exporter in 2021 with a value of approximately USD 118.5 billion, almost 52% of the total textile export market in Asia. In addition to this, the dynamic upsurge in the production of industrial fabrics is also anticipated to boost the growth of dyes and pigments market in the region over the projected time frame. Moreover, Bangladesh is also a leading textile exporter, with a value of around USD 39 billion. Another growth factor in the market is the high involvement of the population in the clothing industry since Asia Pacific has the largest population and the demand for clothes is high. In this region, countless religious beliefs are found, hence, the difference between the clothing styles is also expected to boost the demand for dyes and pigments. Additionally, Asia Pacific has a huge garment sector, which provides employment for millions of people. According to the International Labor Organization, around 65 million people are employed in the garment sector in Asia-Pacific, which accounts for 75% of all garment workers worldwide. Furthermore, Asia Pacific is also known to own the largest share in the global paint & coatings industry. As of 2021, the share hold by Asia Pacific in the paint & coatings industry was expected to be around USD 46%.
Top Featured Companies Dominating the Global Dyes and Pigments Market
- Clariant International Ltd
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- DIC Corporation
- Sudarshan Chemical Industries Limited
- Atul Ltd
- BASF SE
- Huntsman International LLC
- Cabot Corporation
- Tronox Holdings plc
- DuPont de Nemours, Inc.
- Kronos Worldwide, Inc.
