PUBLISHER: SkyQuest | PRODUCT CODE: 1285930
PUBLISHER: SkyQuest | PRODUCT CODE: 1285930
Global Dyes & Pigment Market size was valued at USD 36.26 billion in 2021 and is poised to grow from USD 38.2 billion in 2022 to USD 57.8 billion by 2030, growing at a CAGR of 5.3% in the forecast period (2023-2030).
The global dyes and pigment market is a thriving industry that caters to various sectors such as textiles, paints and coatings, printing inks, plastics, and more. It encompasses a wide range of coloring agents used to enhance the appearance of products. Factors driving market growth include rising demand for vibrant colors in various consumer goods, technological advancements in the industry, and increasing disposable incomes. The market is expected to witness significant growth in the coming years.
Top-down and bottom-up approaches were used to estimate and validate the size of Dyes & Pigment and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
Global Dyes & Pigment market is segmented on the basis of application, end-user, and the region as well. By application, the market is segmented into Textiles, paints & coatings, construction, and plastics. By end-user, the market is categorized into consumer electronics, healthcare, automotive, aerospace & defence, and others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Driver
Chemicals known as dyes and pigments are employed to add color to various materials. The rising demand for these products within the coatings and paints industry is likely to drive its expansion.
Restrain
The growing number of regulatory restrictions imposed on the production of dyes and pigments is expected to be a significant hindrance to the expansion of the dyes and pigments market.
Trend
China, Japan, India, and the United States dominate the global textile industry. China held the leading position as both the largest producer and exporter of textile garments worldwide. It experienced a notable growth of nearly 3 percent in its textile exports and accounted for almost 25 percent of the global textile sector's production.