The global dyes & pigments market is expected to reach
USD 46.4 billion by 2025, growing at a CAGR of 4.9%, according to a new report
by Grand View Research, Inc. Dyes & pigments are expected to witness
significant growth in the consumption on account of high application scope
coupled with increasing demand from printing inks application.
Increasing demand in Asia Pacific
region from various applications such as textiles, construction, and plastics
is anticipated to drive the market. Increasing consumers’ willingness to spend,
industrialization, and rapid economic growth is anticipated to further propel
the growth across the region.
Fast growing digital printing
market is anticipated to provide a positive scope for printing inks industry,
thereby driving the growth over the forecast period. Increasing food and
beverage consumption is anticipated to drive the product demand further.
U.S. dye market revenue, by
product, 2014 - 2025 (USD Billion)
Browse full research report on
Dyes & Pigments Market
Further key findings from the
report suggest:
- Reactive dyes
were valued at USD 10.81 billion in 2016 owing to their high utilization
in leather industry
- Petrochemical
derivatives such as benzene and naphthalene along with other reagents and
inorganic chemicals are the key raw materials utilized in the industry
- The Asia
Pacific market is expected to witness rapid growth of 5.6% from 2017 to
2025. Stringent regulations in Europe have shifted the demand to Asia
Pacific countries such as India and China
- Growing
construction industry across Asia Pacific region is anticipated to provide
a positive outlook for the product demand over the forecast period
- In April 2017,
BASF SE signed a partnership with Landa Labs, which helped the company to
serve automotive industry with new pigments utilizing nano pigment
technology of Landa Labs
- In May 2017,
Clariant AG signed a merger with Huntsman, which strengthened business
position of the company in pigments industry
- The key
players in the market include BASF SE, DIC Corporation, Clariant AG,
Huntsman Corporation, Sudarshan Chemical Industries Limited, Atul Ltd,
Cabot Corp, Dupont, Kiri Industries Ltd, Kronos Worldwide Inc, Lanxess AG,
Tronox Ltd, and CPS Color AG
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including technology,
chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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