The synthetic dye and pigment market consists of the sales of synthetic dyes and pigments by entities (organizations, sole traders or partnerships) that produce synthetic organic and inorganic dyes and pigments, such as lakes and toners (except electrostatic and photographic). The synthetic dye and pigment market is segmented into synthetic dye and synthetic pigment.
The global synthetic dye and pigment market is expected to grow from $53.95 billion in 2020 to $58.61 billion in 2021 at a compound annual growth rate (CAGR) of 8.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $68.35 billion in 2025 at a CAGR of 4%.