The global dyes and pigments market size was valued at USD 38.2 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2030. The market growth is expected to be driven by rising demand from various industries such as textiles, paints, construction, and plastics. Major manufacturers are actively using advanced technologies to effectively remove harmful impurities during the manufacturing process, thereby improving product quality. Due to fluctuations in the prices of raw materials such as benzene, the cost of production may fluctuate for manufacturers. The market has an extensive distribution network through physical stores and online stores.
The abundant product offering on e-commerce platforms has expanded the customer base of the market players. The rapid growth of the global construction industry is also a key factor contributing to the overall market growth. Countries such as the US, UK, China, Indonesia, India, Saudi Arabia, and UAE are showing great growth potential in the global construction industry.
Growing population coupled with rapid industrialization have prompted governments to increase infrastructure spending. Thus, rising construction spending worldwide is expected to result in huge demand for products in the coming years. However, growing environmental concerns leading to policy changes across the globe are expected to restrain the market growth during the forecast period.
Factors such as water pollution during the manufacturing process, high metal content in pigments, and high water consumption for dye bleaching in the textile industry pose serious threats to the environment. Regions such as Europe, North America, and China have imposed stringent regulations that may pose a challenge to the market growth.
The reactive dyes segment dominates the market with a revenue share of over 57% in 2022. These products are composed of highly chromatic organic substances and are primarily used for dyeing textiles. They have high fade resistance and are available in a wide range of vibrant shades, making them ideal for dyeing cotton and viscose. Moreover, they can form covalent bonds with the fibers during the dyeing process. They also contain a dye parent, a linking group, and a reactive group. These advantages provide it with superior inhibition properties compared to other dyes used in cellulosic fibers. The segment is expected to continue to expand at the fastest CAGR during 2023–2030.
Inorganic pigments have gained a large share in the market due to their properties such as good wettability, deeper colors, and fineness. However, the organic pigment segment is expected to grow at the fastest rate of 5.7% per annum during 2023–2030. Stringent regulations affecting the demand for inorganic pigments may also create a positive space for organic pigments to grow through substitution in product formulations.
In 2022, the textile industry dominated the market with a revenue share of over 62%. However, the printing ink segment is expected to witness the highest CAGR from 2023 to 2030. The booming digital printing industry is expected to drive the demand for dyes in printing inks. Countries like India and China are major dye producers, which is likely to create a positive outlook for the printing ink application in the Asia Pacific region.
Dyes are used in inks to impart the desired color and concentration. Dyes can produce more colors and concentrations per unit mass than pigments. Dye-based inks can react chemically with other ingredients. Therefore, dye-based inks print better than pigment inks when used in combination with optical brighteners and color enhancers. These factors are expected to drive demand for the products in the printing ink application segment.
Asia Pacific is the dominant regional market, accounting for over 63% of the global revenue in 2022. The market faces a stringent regulatory environment that makes it difficult to use and manufacture products in North America and Europe. Thus, manufacturing capacity is shifting to Asia Pacific due to favorable manufacturing conditions and relaxed regulations. This is due to easy availability of raw materials and cheap and skilled labor.
In 2022, Europe will account for more than 17% of the total revenue share. The continued growth of pigment production capacity in Europe indicates the growing demand for them. For example, Cathay Industries announced the expansion of its production in Southeast Asia to meet the growing demand for iron oxide pigments in the paint, plastics and construction industries.
The major players in the market are focusing on research and development and manufacturing of high-quality pigments with improved performance. In addition, the companies are also involved in technical collaborations to strengthen their R&D efforts. The products are sold mainly through the company’s own distribution channels as well as through third-party distribution channels. The companies are focusing on expanding their geographical coverage to increase their market share. The global dyes and pigments industry is highly fragmented due to the large number of manufacturers across the globe. Some of the leading players in the global dyes and pigments market include:
BASF SE; Clarian AG; DIC Corporation; Sudarshan Chemical Industries Ltd.; Atul LLC; Huntsman Corporation; Kronos Worldwide Inc.; LANXESS AG; Kiri Industries Ltd.
Free custom reports (equivalent to 8 analytical days) available upon purchase. Ability to add or change country, region and market segment coverage
This report projects the production and revenue growth at the global, regional and country levels and analyzes the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global Dyes and Pigments market report based on product, application and region:
b. The global dyes and pigments market size was valued at US$38.2 billion in 2022 and is expected to reach US$40.1 billion by 2023.
b. The global dyes and pigments market is expected to grow at a CAGR of 5.3% from 2023 to 2030 and reach US$ 57.8 billion by 2030.
b. The reactive dyes segment dominates the dyes and pigments market with a revenue share of over 57% in 2022. These products are a type of synthetic dyes used to color textiles, particularly cellulosic fibers such as cotton and viscose.
b. In 2022, the textile segment will dominate the dyestuffs market with a revenue share of over 62%. However, the printing inks segment is expected to exhibit the fastest CAGR from 2023 to 2030.
b. Asia Pacific dominates the dyes and pigments market with a market share of over 63% in 2022. The growth in the region can be attributed to increasing consumer purchasing power, rapid economic growth, and growth in end-use industries such as textiles, construction, and packaging, which are the major consumers of dyes and pigments.
b. Major players in the dyes and pigments market include Clariant AG, DIC Corporation, Sudarshan Chemical Industries Ltd., Huntsman International Ltd., Atul Ltd., Cabot Corporation and DuPont de Nemours and Company.
b. The major factors driving the growth of the dyes and pigments market are the growing demand for dyes and pigments in end-use industries such as textiles, construction, paints and coatings, and plastics, which is expected to create new opportunities in the market.
This free sample includes a variety of data points covering trend analysis, estimates, forecasts and more. You can see for yourself.
We can customize each report for free, including purchasing individual chapters or country-level reports, and offer deep discounts for startups and universities. Contact us now
We are GDPR and CCPA compliant! Your transactions and personal information are safe. For more information, please see our Privacy Policy.
Grand View Research is a California corporation registered under the registration number Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States.