The dye and pigment market will be $46.4 billion2017.10.31 10:09
According to a new report from Grand View Research, the global market for dyes and pigments was $30.42 billion in 2016 and is projected to reach $46.4 billion by 2025, with a compound annual growth rate of 4.9 percent. The use of dyes and pigments will increase significantly due to the demand for printing ink applications.
The growing demand for dyes and pigments in applications such as textiles, construction and plastics in the asia-pacific region will drive the market. Consumer spending growth, industrialization and rapid economic growth will further drive the region's development.
Reactive dyes is dominant in 2016, accounting for 54.4% of the total, it is composed of highly colored organic material, mainly used in textile and leather, has a high ability to fade and bright tonal range, makes it especially suitable for colored cotton and rayon. Consumption in this area is expected to continue to increase in the asia-pacific region, central and South America. The asia-pacific market is expected to grow by 5.6 per cent a year between 2017 and 2025. Because of the strict European regulation, this industry has been moving needs to Asia Pacific countries, such as India and China, the construction industry in the asia-pacific region is expected to forecast period will provide positive for pigment and dye product demand prospects for development.
Inorganic pigments have a higher market share than organic pigments. The properties of inorganic pigments, such as wettability, darker color and pure color, are expected to help further the market.
The annual growth rate of organic pigment market value is expected to be 5.8 percent from 2017 to 2025. Strict regulations affecting the further development of the inorganic pigment industry will provide a positive space for the replacement of organic pigment.