Global Synthetic Dyes And Pigments Market Opportunities And Strategies For Major Players In The Synthetic Dyes And Pigments Market 2021-2030
17 Aug, 2021
The synthetic dyes and pigments market consists of the sales of synthetic dyes and pigments by entities (organizations, sole traders, or partnerships) that manufacture synthetic organic and inorganic dyes and pigments, such as lakes and toners (except electrostatic and photographic). Pigments that are obtained from natural minerals, as well as synthetic pigments, are included in this market. Artificial food-coloring is also included in this market. Synthetic dyes and pigments have applications in the manufacturing of almost all industrial products, paints and coatings and inks.
Global Synthetic Dyes And Pigments Market Size And Drivers:
The global synthetic dyes and pigments market reached a value of nearly $53,946.4 million in 2020, having increased at a compound annual growth rate (CAGR) of 0.9% since 2015. The market is expected to grow from $53,946.4 million in 2020 to $58,613.2 million in 2021 at a compound annual growth rate (CAGR) of 8.7%. 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 then expected to grow at a CAGR of 4.8% from 2020 to reach $68,348.0 million in 2025. The global synthetic dyes and pigments market is expected to reach $80,990.7 million in 2030, at a CAGR of 3.5%. The demand for high performance pigments and advanced technology engineered pigments such as cool pigments, nano pigments and pigments made from superior dispersion technologies is expected to drive the synthetic dyes and pigments market.
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Trends In The Global Synthetic Dyes And Pigments Market
Synthetic dyes and pigment manufacturing companies are increasingly using a wide range of high wet-fast disperse dyes. High wet-fast disperse dyes are well suited for various materials such as coloring polyester fibers, microfibers, and polyester/elastane blends for sportswear and active wear applications.
Global Synthetic Dyes And Pigments Market Segments:
The global synthetic dyes and pigments market is further segmented based on type and geography.
By Type: Synthetic Dye, Synthetic Pigments
Sub segments 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 dyes and pigments market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global synthetic dyes and pigments market, accounting for 32.3% of the total in 2020.
Read More On The Report For The Global Synthetic Dyes And Pigments Market At:https://www.thebusinessresearchcompany.com/report/synthetic-dye-and-pigment-market
Synthetic Dyes And Pigments Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides synthetic dyes and pigments market overviews, analyzes and forecasts market size and growth for the global synthetic dyes and pigments market, synthetic dyes and pigments market share, synthetic dyes and pigments market players, synthetic dyes and pigments market segments and geographies, synthetic dyes and pigments market’s leading competitors’ revenues, profiles and market shares. The synthetic dyes and pigments market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.