A comprehensive report on the Global Dyes & Pigments Market has been published by Reports and Data that offers insightful data about market dynamics, drivers, restraints, current and emerging trends, market size, market share, and revenue growth of the market. The report provides a brief overview of the industry and gives an estimation of growth and revenue for the forecast period of 2021-2027. The global Dyes & Pigments market is expected to be valued at USD 48.78 Billion by 2027 from its valuation of USD 33.20 Billion in 2019 and register a CAGR of 5.3% during the forecast period. The document offers reliable data in reference to key areas of investments and growth patterns of the Dyes & Pigments market to help clients, stakeholders, investors, and businesses capitalization on the lucrative opportunities and make strategic investment plans.
The materials and chemicals industry is rapidly gaining traction over the forecast period and is expected to expand significantly in the coming years. Technological advancements and rising innovation are key factors boosting global market growth. The global Dyes & Pigments market is projected to register robust revenue CAGR during the forecast period between 2021 and 2028. Increasing awareness about green energy and eco-friendly biodegradable products, environmental impact due to carbon emissions are few key factors supporting market growth. High demand for various chemicals and raw materials in various industrial sectors such as food and technology, pharmaceutical and biotechnology, manufacturing, paint and coating, paper, plastic among others. In addition, increasing research and development activities, growing demand for products like perfumes, soaps and detergents for daily usage along with rising disposable income across the globe are further boosting market growth.
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The COVID-19 impact:
The COVID-19 epidemic has affected infrastructure and shipping, contributing to a pause in shipments from China. The delay has increased the prices of raw materials harming the dyes and pigments industry in various countries across the globe. Crucial dye intermediates’ prices are going up in the region of over 30 percent from the average cost in the same time frame as opposed to 2019, which would have a cascading negative impact on the industry such as textiles, printing inks, papers and other associated sectors before COVID-19 is stored worldwide.
Rapid adoption of digital technologies to improve efficiency and production, prioritization of environment sustainability, enhancement of global supply chain, and rising import/export of chemicals and materials have significantly contributed to the revenue growth of the market. Increasing demand for personal care and consumer products such as soaps and other materials, growing focus on the production of petrochemicals, increasing capital expenditures, and rising emphasis on decarbonization have further fueled the revenue growth of the materials and chemicals industry.
Leading companies operating in the market and profiled in the report include: BASF SE, Clariant AG, DIC Corporation, Huntsman Corporation, Cabot Corp, Dupont De Nemours & Co., Kronos Worldwide Inc., Flint Group, EcKart GmbH, and Lanxess AG among others.
Dyes & Pigments Market Segmentation:
Dye Types Outlook (Revenue, USD Billion; 2017-2027)
- Acid Dyes
- VAT Dyes
- Disperse dyes
- Reactive dyes
- Direct dyes
Pigments Outlook (Revenue, USD Billion; 2017-2027)
- Organic pigments
- Inorganic Pigments
- Titanium dioxide pigments
Applications Outlook (Revenue, USD Billion; 2017-2027)
- Printing Inks
- Paints & Coatings
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The Dyes & Pigments market is segmented into five major regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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