Dyes & Pigments Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Type (Dye and Pigment), by End-user Industry (Paint & Coating, Textile, Printing Ink, Plastic, Others), and Geography

Market Snapshot

CAGR (new format)
Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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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 growing demand from the paints & coatings industries of Europe and Asia-Pacific, and rising demand from the textile industry. In 2018, by end-user industry, the paints & 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 towards 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 has been widespread. This is likely to hinder the market’s growth.

Scope of the Report

The dyes & pigments market report includes:

Reactive Dye
Disperse Dye
Sulfur Dye
Vat Dye
Azo Dye
Acid Dye
Organic Pigment
Inorganic Dye
End-User Industry
Paint & Coating
Printing Ink
South Korea
Rest of asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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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 & 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 area for the government. The government aims to boost the construction of buildings in the country, for which 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.
segmentation (new format)

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Asia- Pacific Region to Dominate the Market

Asia-Pacific region accounted for the largest share of the global dyes & pigments market. The growth of textile industry in China and India is rapidly increasing with the availability of cheap labor force. In the global textile market, China holds the largest share of about 40%, followed by India with over 5% share. Among ASEAN countries, Indonesia has a major share of the paints & coatings market, followed by Thailand, where the urbanization is projected to increase to 56% by 2020. Hence, with the increasing demand from the various end-user industries, like the paints & coatings, printing inks, textiles and plastics industry, the demand for dyes & pigments is expected to rapidly increase over the forecast period.

regional (new format)

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Competitive Landscape

The dyes & pigments market is partially consolidated. In terms of market share, few of the major players currently dominate the market. Key players in the dyes & pigments market include BASF SE, The Chemours Company, Venator Materials PLC., Kronos Worldwide Inc., and Clariant, Bodal Chemicals Ltd, CRISTAL, Huntsman Corporation, Flint Group among others.

Major Players

  1. BASF SE
  2. The Chemours Company
  3. Venator Materials PLC.
  4. Kronos Worldwide Inc.
  5. Clariant

* Complete list of players covered available in the table of contents below

market concentration (new format)

Download the market shares of key players in this industry.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Paint & Coating Industries of Europe and Asia-Pacific

      2. 4.1.2 Increasing Consumer Preference for Environment-friendly Products

      3. 4.1.3 Rising Demand from the Textile Industry

    2. 4.2 Restraints

      1. 4.2.1 Energy-intensive Production Process

      2. 4.2.2 Environmental Concerns

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters 5 Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Type

      1. 5.1.1 Dye

        1. Reactive Dye

        2. Disperse Dye

        3. Sulfur Dye

        4. Vat Dye

        5. Azo Dye

        6. Acid Dye

      2. 5.1.2 Pigment

        1. Organic Pigment

        2. Inorganic Dye

    2. 5.2 End-User Industry

      1. 5.2.1 Paint & Coating

      2. 5.2.2 Textile

      3. 5.2.3 Printing Ink

      4. 5.2.4 Plastic

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Russia

        6. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East and Africa

        1. Saudi Arabia

        2. South Africa

        3. UAE

        4. Rest of Middle East & Africa


    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Altana AG

      2. 6.4.2 Archroma

      3. 6.4.3 Atul Ltd

      4. 6.4.4 BASF SE

      5. 6.4.5 Bodal Chemicals Ltd

      6. 6.4.6 Carl Schlenk AG

      7. 6.4.7 Cathay Industries

      8. 6.4.8 Clariant AG

      9. 6.4.9 CRISTAL

      10. 6.4.10 DIC Corporation

      11. 6.4.11 DowDuPont

      12. 6.4.12 Ferro Corporation

      13. 6.4.13 Flint Group

      14. 6.4.14 Huntsman Corporation

      15. 6.4.15 Ishihara Sangyo Kaisha Ltd (The ISK Group)

      16. 6.4.16 Kiri Industries Limited

      17. 6.4.17 Kronos Worldwide Inc.

      18. 6.4.18 Lanxess

      19. 6.4.19 Meghmani Group of Industries

      20. 6.4.20 Merck Group

      21. 6.4.21 Pidilite Industries Limited

      22. 6.4.22 Sudarshan Chemical Industries Limited

      23. 6.4.23 The Chemours Company

      24. 6.4.24 Tronox Limited

      25. 6.4.25 Zhejiang Longsheng Group Co. Ltd (Losen)

    5. *List Not Exhaustive

    1. 7.1 Growing Demand for Reliable Commercial Products, like 3D Printing Material

**Subject to Availability

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