Dyes & Pigments Market | Growth, Trends and Forecasts (2018-2023)
Dyes & Pigments Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)


OCT 2018

Dyes & Pigments Market - Segmented by Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The global dyes and pigments market is expected to reach a size of USD 28,841.35 million in 2018 and USD 37,623.08 million by 2023, at estimated CAGR of 5.46% during the forecast period (2018-2023).

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

With the steady growth of the construction sector, the demand for paints and coatings has been increasing in numerous countries, across the globe. Europe has significantly recovered from the economic crisis of 2008. The drop in construction activity was sudden, in most countries. Negative growth rates remained in the entire European Union, until 2013. However, the recent conditions are much better, and the region is slowly catching up with its pre-crisis economic output peak. The European Construction Industry Federation (FIEC) stated that construction activity in the whole European Union grew by 2.2 % in 2016 (reaching EUR 1,278 billion), as compared to 2015. In 2018, a larger increase is forecasted (more than 3 %), which is worth more than EUR 1,343 billion. Insulation retrofits and targeted energy savings are two of the main factors that are shaping up modern home-building trends in Europe. New buildings are not always entirely new. A desire to protect the environment, coupled with the intentions meant to preserve historic architecture, is inspiring modern architects to repurpose, re-use, and renovate older structures.

The outlook for Asia's construction industry in the coming year remains positive, with the region's real estate growth forecasted to reach 5.3% in 2018. Fast growth in emerging and frontier markets in South and Southeast Asia are expected to continue balancing the ongoing slowdown in China and many developed markets. At the same time, governments are expected to ramp up efforts to encourage private participation in infrastructure development plans. Hence, increasing construction activity in Europe and Asia-pacific is driving the growth of the global dye and pigment market.

Paints & Coatings to be the Major End-user Industry

Paints and coatings end-use accounts 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 dye and pigment market. In China, government spending has been increasing, in order to construct affordable housing facilities to cater to the housing demand. In addition, public-private partnership (PPP) projects have also been increasing in the domestic construction sector. With the help of increasing in the private funding, about 2,021 PPP projects entered the implementation phase in the first half of 2017. Till the end of June 2017, 13,554 new PPP projects were registered nationwide with a combined investment of about CNY16.4 trillion. In India, the infrastructure sector has become one of the major focus area for the government. In the government’s budget 2017-18, the construction sector was allotted USD 61.92 billion. 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. Hence, all such construction activities and favorable government measures are expected to to boost the construction activities in the region, which is further projected to boost the demand for paint and coating. Thus, increasing the demand for pigments.

Asia-Pacific to Lead among Other Regions

Asia-Pacific is estimated to lead the global dyes & pigments market. The region is likely to witness an increase in its spending on urbanization to meet the growing needs. The new construction & building projects in the region are a to boost the market growth. China and India are known as major producers of dyes across the Asia-Pacific. China is the leading producer of paints and coatings across the world. The country accounted for 20.41 million metric ton of coatings production in 2017, an increase of 12.3 percent over 2016. It currently producing more than half of the Asia-Pacific coatings and is a home to more than 10,000 paint companies, among which local producers occupy more than half of the domestic paint market share. The printing ink market in India is valued at around USD 753 million, currently. It produced close to 248 million metric ton of printing ink in 2017. India has over 550 manufacturers engaged in the printing inks business. Huber Group, DIC India, Siegwerk, Sakata, and Flint and Toyo are some of the leading players in the printing inks market, comprising around 75% of the total market share. All the aforementioned factors, in turn, expected to increase the demand for dyes & pigments in the region during the forecast period.

Notable Developments

  • January 2018: BASF increased prices for pigments, dyes and preparations worldwide
  • April 2017: Clariant completed color range of “super-transparent” pigment preparations

Major Players: BASF SE, Clariant AG, Huntsman Corporation, LANXESS, and DIC CORPORATION, among others.

Dyes & Pigments Market Report Summary




Dyes & Pigments Market

Study Period

(2016 – 2023)

CAGR (2018-2023) 5.46%

Regions Covered

Asia-Pacific, North America, South America, Europe, and Middle East & Africa

Companies Covered

Altana AG, Archroma, Atul Ltd, BASF SE, Bodal Chemicals Ltd, Carl Schlenk AG, Cathay Industries, and Clariant AG, among others.

Report Coverage

Revenue forecast, market share analysis, and market dynamics

Reasons to Purchase this Report

  • To understand the impact of end-user industries on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Countries expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in Excel.

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs

1. Introduction

                1.1 Scope of the Report

                1.2 Study Assumptions

                1.3 Study Deliverables

                1.4 Research Phases

2. Executive Summary

3. Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Force Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

4. Market Dynamics

                4.1 Drivers

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

                                4.1.2 Increasing Consumer Preference for Environment-friendly Products

                                4.1.3 Rising Demand from the Textile Industry

                4.2 Restraints

                                4.2.1 Environmental Concerns regarding the use of Dyes and Pigments

                                4.2.2 Other Restraints

                4.3 Opportunities

                                4.3.1 Growing Demand for Reliable Commercial Products, like 3D Printing Material

5. Market Segmentation and Analysis

                5.1 By Type

                                5.1.1 Dye

                                       Reactive Dye

                                       Disperse Dye

                                       Sulfur Dye

                                       Vat Dye

                                       Azo Dye

                                       Acid Dye

                                5.1.2 Pigment

                                       Organic Pigment

                                       Inorganic Pigment

                5.2 By End-user Industry

                                5.2.1 Paints & Coating

                                5.2.2 Textile

                                5.2.3 Printing Ink

                                5.2.4 Plastic

                                5.2.5 Others

6. Regional Market Analysis (Market Size, Growth, and  Forecast)

                6.1 Asia-Pacific

                                6.1.1 China

                                6.1.2 India

                                6.1.3 Japan

                                6.1.4 South Korea

                                6.1.5 Australia & New Zealand

                                6.1.6 Rest of Asia-Pacific

                6.2 North America

                                6.2.1 United States

                                6.2.2 Canada

                                6.2.3 Mexico

                                6.2.4 Rest of North America

                6.3 Europe

                                6.3.1 Germany

                                6.3.2 United Kingdom

                                6.3.3 Italy

                                6.3.4 France

                                6.3.5 Spain

                                6.3.6 Russia

                                6.3.7 Rest of Europe

                6.4 South America

                                6.4.1 Brazil

                                6.4.2 Argentina

                                6.4.3 Rest of South America

                6.5 Middle East & Africa

                                6.5.1 Saudi Arabia

                                6.5.2 South Africa

                                6.5.3 UAE

                                6.5.4 Rest of Middle East & Africa

7. Competitive Landscape

                7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

                8.1 Altana AG

                8.2 Archroma

                8.3 Atul Ltd

                8.4 BASF SE

                8.5 Bodal Chemicals Ltd

                8.6 Carl Schlenk AG

                8.7 Cathay Industries

                8.8 Clariant AG

                8.9 CRISTAL

                8.10 DIC Corporation

                8.11 DowDuPont

                8.12 Ferro Corporation

                8.13 Flint Group

                8.14 Huntsman Corporation

                8.15 Ishihara Sangyo Kaisha Ltd (The ISK Group)

                8.16 Kiri Industries Limited

                8.17 Kronos Worldwide Inc.

                8.18 Lanxess 8.19 Meghmani Group of Industries

                8.20 Merck Group

                8.21 Pidilite Industries Limited

                8.22 Sudarshan Chemical Industries Limited

                8.23 The Chemours Company

                8.24 Tronox Limited

                8.25 Zhejiang Longsheng Group Co. Ltd (Losen)

9. Disclaimer

**Subject to Availability on Public Domain

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