Dye is a colored substance that has an affinity to the substrate to which it is being applied. Dyes are applied in an aqueous solution, and may require a mordant to improve their fastness on the fiber. Pigments are substances that impart black, white or a color to other materials, especially in a powdered substance that is mixed with a liquid in which it is relatively insoluble, and are used specially to impart color to coating materials (as paints) or to inks, plastics and rubber. Chlorophyll, Carotenoid, Phycobilin and Melanin are some pigments.
The top five companies covered are BASF SE, Clariant International Ltd, Flint Group, Huntsman Corporation and Dic Corp. BASF SE. was the largest company in the market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global synthetic dye and pigment market was valued at around $53 billion in 2017. Western Europe was the largest region in the synthetic dye and pigment market in 2017, accounting for above 29% market share. The USA was the largest country accounting for around 17% of the market.
There has been an increasing migration of manufacturing capacities from the West to low-cost countries in the Asia-Pacific region. This is driven mainly by stringent environmental compliance issues in Europe and North America. Gradually maturing production technologies and the presence of strong downstream customer bases within countries such as China and India have been propelling demand for pigments in these countries in recent years.
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