Market Overview

The market for dyes & pigments is anticipated to register a CAGR of 5.46% during the forecast period (2019-2024). Major factors driving the market studied are increasing demand from the paints and coatings industries of Europe and Asia-Pacific, and rising demand from the textile industry. In 2018, by end-user industry, the paints and coatings segment is expected to dominate the market, in terms of revenue.

• The industry faces several concerns regarding the emission of harmful VOCs from coatings. Conventional petroleum-based products are constantly coming under scrutiny, due to the increasing effort to reduce carbon footprint. These concerns have encouraged the emergence of bio-based solvents and pigments for exceptional bio-degradable properties. As consumers become more conscious of environmental impact and sustainability, organizations are expected to be more heavily impacted by their commitment toward minimizing the environmental footprint from their existing and upcoming products.
• In the last two decades, the EPA, along with other national and international agencies, has placed increasingly strict regulations on the manufacture and use of synthetic colorants. A majority of dyes and pigment are used in the textile industry. Most processes that are performed in textile mills produce atmospheric emissions. Speculations concerning the amounts and types of air pollutants emitted from textile operations have been widespread. This is likely to hinder the market growth.

Scope of the Report

The dyes & pigments market report includes:

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Key Market Trends

Increasing Demand from the Paints & Coatings

• Paints & coatings account for the largest share of the market, and is estimated to be the fastest growing end-user industry.
• Architectural and decorative coatings account for the largest consumption of pigments in their production. Thus, rising construction and infrastructure activities in Asia-Pacific act as the major driver for the dyes and pigments market.
• In addition, public-private partnership (PPP) projects have also been increasing in the domestic construction sector.
• In India, the infrastructure sector has become one of the major focus areas for the government. The government aims to boost the construction of buildings in the country, and it has decided to come up with a single window clearance facility, in order to provide speedy approval for the construction projects.
• All the aforementioned factors are expected to drive the global market, during the forecast period.

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