LOS ANGELES - December 3, 2019 - (Newswire.com) - QY Research recently published a research report titled, “Global Dyes & Pigments Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application”. According to the report, the global dyes & pigments market was valued at around US$33 bn in 2018 and is expected to reach more than US$45 bn by the end of 2025, rising at a CAGR of over 4% between 2019 and 2025.
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Protection from Harsh Conditions to Boost Market
The global dyes & pigments market is expected to rise due to its increasing uses across various industries such as textile, construction, aviation, cosmetics, food, packaging, and automotive industries. These industries use dyes & pigments for various applications such as inking, coloring, and tinting different products. They also offer protection to the products from different weathers as they are heat and ultraviolet light (UV) resistant. In addition, they also have anti-rust properties, which makes ideal for coating automobiles. Hence, they are also be used as varnishes, paints, sealants, and coatings on different types of material including plastic, fabric, and other materials.
Furthermore, governments are increasingly encouraging manufacturers to reduce water pollution and carbon footprints generated from dyes and pigments. Hence, they are shifting towards organic dies that are environment-friendly, non-toxic, and a better alternative to human health.
Textile Industry Segment to Observe Robust Growth
The textile industry is the key application segment of the global dyes and pigments market. Growth of the fashion industry and demand for sustainable dyes among manufacturers will boost this segment in the near future.
Asia Pacific to Lead Global Dyes & Pigments Market
Asia Pacific is expected to dominate the global dyes and pigments market due to the rising textile and construction industries in the region. Additionally, North America is also expected to register significant growth owing to huge demand for direct dyes due to its chemical preservation property.
Manufacturers to Opt for Eco-friendly Products
Archroma recently announced a partnership with Advance Denim Co Ltd to offer a collection made with Archroma’s aniline-free Denisol Pure Indigo. The new Denisol Pure Indigo 30 liq eliminates the aniline locking in indigo pigment, which is detrimental to the aquatic life. Such initiatives are expected to be transformative for businesses in the global dyes and pigments market.
The major manufacturers in the global dyes and pigments market covered in this report include Tianjin Dek Chemical, Lily Group, Atul, Huntsman, Kiri Industries, Heubach Group, Anand International, Hubei Chuyuan, Sudarshan, Jeco Group, Xinguang, Archroma, Osaka Godo, Bodal Chemical, Sumitomo, Eksoy, Clariant, DIC, Setas, and Zhejiang Jinguang Industrial.
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