Dyes and Pigments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Dyes and Pigments Market is segmented by Type (Dye and Pigment), End-user Industry (Paints and Coatings, Textile, Printing Inks, Plastics, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Dyes & Pigments Market Bar Graph
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >4 %

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Market Overview

The dyes and pigments market size was estimated at USD 29,638 million in 2020, and the market is projected to register a CAGR of over 4% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19. Owing to pandemic scenario, various countries went into lockdown, which led to supply chain disruptions and work stoppages. This negatively affected the demand of various industries like paints and coatings, textiles, and others. However, the conditions are expected to recover in 2020, thereby restoring the growth trajectory of the market studied during the forecast period.

  • Over the medium term, growing demand from paints and coating industries of Asia-Pacific and increasing demand from the textile industry are expected to boost the market.
  • On the flip side, the negative impact of the COVID-19 outbreak on the market and environmental concerns regarding the use of dyes and pigments are hindering the growth of the market
  • The Asia-Pacific region is expected to dominate the market across the globe, with the largest consumption from countries such as China and India.

Scope of the Report

Dyes and pigments are substances that are used to impart color to a material. The term colorant is often used for both dyes (also called dyestuffs) and pigments. The major difference between dyes and pigments is particle size. Dyes are much finer than pigments. Pigments and dyes are the key raw materials for various end-user industries, including paint and coating, textile, and plastic. The dye and pigments market is segmented by type, end-user industry, and geography. By type, the market is segmented by dye and pigment. By end-user Industry, the market is segmented by paints and coatings, textile, printing inks, plastics, and other end-user industries. The report also covers the market size and forecasts for the dyes and pigments market in 19 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD million).

Type
Dye
Reactive Dye
Disperse Dye
Sulfur Dye
Vat Dye
Azo Dye
Acid Dye
Pigment
Organic Pigment
Inorganic Pigment
End-user Industry
Paints and Coatings
Textile
Printing Inks
Plastics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Australia & New Zealand
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Spain
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand from the Paints and Coatings

  • Paints and coatings account for the largest share of the market and are estimated to be the largest and 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 addition, the public-private partnership (PPP) projects have also been increasing in the domestic construction sector.
  • In India, the smart cities mission is a major project undertaken by the government, which will construct more than 100 smart cities all over the country to achieve rapid urbanization in the country. In the 2021-22 budget, the smart cities mission has been given INR 6,450 crore as against INR 3,400 crore in the 2020-21 revised estimates.
  • In Germany, the increasing migration to the country has been stimulating the current demand for new residential construction. ​About 3.6 million migrants were expected to arrive in Germany by the end of 2020-2021, which will require at least 350,000 new dwellings per year.
  • The paints and coatings industry has been expanding vigorously till 2019. However, owing to the pandemic condition, there has been a slump in the production of paints and coatings in 2020 due to the slowdown of the global construction industry. But, the condition is expected to recover in 2021, thereby restoring the growth rate of the market studied.
  • All the aforementioned factors are expected to drive the global market during the forecast period.
Dyes & Pigments Market Share

Asia-Pacific Region to Dominate the Market

  • The growth of the textile industry in China and India is rapidly increasing with the availability of a cheap labor force. In the global textile market, China holds the largest share of about 40%, followed by India with over 5% share.
  • China is investing USD 1.43 trillion in the next five years till 2025 in major construction projects. According to National Development and Reform Commission (NDRC), the Shanghai plan includes an investment of USD 38.7 billion in the next three years, whereas Guangzhou has signed 16 new infrastructure projects with an investment of USD 8.09 billion.
  • According to India Brand Equity Foundation, India’s textile and apparel exports stood at USD 38.70 billion in FY19 and are expected to increase to USD 82.00 billion by 2021 from USD 22.95 billion in FY20 (up to November 2019).
  • The demand for textiles in South Korea has remained stable, with an increasing preference for technical textiles production in the country. A strong domestic man-made fiber industry and a robust non-woven production sector are providing the manufacturers an opportunity to focus on the production of high-end textiles in the country.
  • Among ASEAN countries, Indonesia has a major share of the paint and coating market, followed by Thailand. The rapid urbanization in these countries is expected to contribute to the demand for paints & coatings, and in turn, add up to the demand for dyes and pigments during the forecast period.
  • Hence, with the increasing demand from the various end-user industries, like the paint and coating, printing inks, textiles, and plastics industry, the demand for dye and pigments is expected to increase over the forecast period rapidly.
Dyes & Pigments Market Growth By Region

Competitive Landscape

The dyes and pigments market is partially consolidated. In terms of market share, few of the major players currently dominate the market. Key players in the dyes and pigments market include BASF SE, The Chemours Company, Venator Materials PLC., KRONOS Worldwide Inc., and Clariant, among others.

Recent Developments

  • In March 2019, Clariant launched its first bio-based version of pigment red.
  • In May 2018, Bodal commissioned the new dyestuff plant with a capacity of 12,000 metric ton, taking its total capacity to 29,000 metric ton in the dyestuff category.
  • In April 2018, BASF’s Colors & Effects brand launched pioneering stir-in pigment for automotive coatings.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Paints and Coating Industry in Asia-Pacific

      2. 4.1.2 Increasing Demand from the Textile Industry

    2. 4.2 Restraints

      1. 4.2.1 Negative Impact of the COVID-19 Outbreak

      2. 4.2.2 Environmental Concerns Regarding the Use of Dyes and Pigments

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five 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

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Type

      1. 5.1.1 Dye

        1. 5.1.1.1 Reactive Dye

        2. 5.1.1.2 Disperse Dye

        3. 5.1.1.3 Sulfur Dye

        4. 5.1.1.4 Vat Dye

        5. 5.1.1.5 Azo Dye

        6. 5.1.1.6 Acid Dye

      2. 5.1.2 Pigment

        1. 5.1.2.1 Organic Pigment

        2. 5.1.2.2 Inorganic Pigment

    2. 5.2 End-user Industry

      1. 5.2.1 Paints and Coatings

      2. 5.2.2 Textile

      3. 5.2.3 Printing Inks

      4. 5.2.4 Plastics

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Australia & New Zealand

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Russia

        7. 5.3.3.7 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 United Arab Emirates

        4. 5.3.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share (%)**/Ranking 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

      9. 6.4.9 DIC CORPORATION

      10. 6.4.10 DuPont

      11. 6.4.11 Flint Group

      12. 6.4.12 Huntsman International LLC

      13. 6.4.13 Kiri Industries Ltd

      14. 6.4.14 KRONOS Worldwide Inc.

      15. 6.4.15 LANXESS

      16. 6.4.16 Meghmani Group

      17. 6.4.17 Merck KGaA

      18. 6.4.18 Sudarshan Chemical Industries Limited

      19. 6.4.19 The Chemours Company

      20. 6.4.20 Tronox Holdings PLC

      21. 6.4.21 Venator Materials PLC

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Dyes and Pigments Market market is studied from 2016 - 2026.

The Dyes and Pigments Market is growing at a CAGR of >4% over the next 5 years.

The Dyes and Pigments Market is valued at 29638 Million USD in 2016.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

The Chemours Company, Clariant, Venator Materials PLC, KRONOS Worldwide, Inc., BASF SE are the major companies operating in Dyes and Pigments Market.

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