Dyes and pigments are a huge business, and they are growing.
In its report, “Dyes & Pigments Market Size, Share & Trends Analysis Report By Product (Pigments, Dyes), By Application (Paints & Coatings, Printing Inks, Textiles), By Region (APAC, Europe), And Segment Forecasts, 2021 – 2028,” Grand View Research values the
global dyes and pigments segment at $32.9 billion in 2020 and the segment is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028.
Increasing demand from various application industries, such as textiles, paints & coatings, construction, and plastics, is expected to drive the market growth
The reactive dyes segment dominated the market with a revenue share of more than 56% in 2020. These products are composed of highly colored organic substances and have primary application in tinting textiles. The segment is estimated to expand further at the fastest CAGR from 2021 to 2028.
Inorganic pigments earned a higher share in the market as compared to organic pigments due to properties, such as good wetting, darker color, and leanness. However, the organic pigments segment is anticipated to register the fastest CAGR of 5.6%, in terms of revenue, from 2021 to 2028.
The textiles segment dominated the dyes market with a share of over 62%, in terms of revenue, in 2020. However, the printing inks segment is estimated to register the fastest CAGR from 2021 to 2028. The growing digital printing sector is anticipated to fuel the demand for dyes in printing inks application. Countries, such as India and China, are major producers of dyes, which is likely to provide positive scope for printing inks application across the Asia Pacific region.
