Global Synthetic Dye And Pigment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
22 Jan, 2021
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.
Global Synthetic Dye And Pigment Market Size And Drivers:
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%. The synthetic dyes and pigments market is expected to be driven by the rapidly growing packaging industry. This is mainly due to increased demand from the toiletries, food & beverages, healthcare, and other industries, particularly in emerging economies.
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Trends In The Global Synthetic Dye And Pigment Market
Many textiles companies are adopting eco-friendly dyes for producing textiles and fabrics. These companies do not use harmful dyes as they cause extensive damage to the environment and are known to cause skin allergies and respiratory diseases. Due to the positive environmental characteristics and low toxicity of eco-friendly dyes, many companies are moving toward eco-friendly organic dyes, though they are priced higher than inorganic dyes.
Global Synthetic Dye And Pigment Market Segments:
The global synthetic dye and pigment market is further segmented based on type and geography.
By Type: Synthetic Dye, Synthetic Pigments.
Subsegments Covered: Disperse Dyes, Acid Dyes, Basic Dyes, Direct Dyes, VAT Dyes, Reactive Dyes, Other Dyes, Organic Pigments, Inorganic Pigments, Textile, Food & Beverages, Paper, Ink, Leather, Others, Paints & Coatings, Plastics, Printing Inks, Textile, Cosmetics & Personal Care, Others
By Geography: The global synthetic dye and pigment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global synthetic dye and pigment market, accounting for 32% of the total market.
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Synthetic Dye And Pigment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides synthetic dye and pigment market overviews, analyzes and forecasts market size and growth for the global synthetic dye and pigment market, synthetic dye and pigment market share, synthetic dye and pigment market players, synthetic dye and pigment market segments and geographies, synthetic dye and pigment market’s leading competitors’ revenues, profiles and market shares. The synthetic dye and pigment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.