Synthetic Dye And Pigment Market Characteristics
The synthetic dye and pigment market consist 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.
Competitive Landscape of the Fertilizers Market
Major players in the global synthetic dye and pigment market include BASF SE, Clariant International Ltd, Flint Group, Huntsman Corporation, Dic Corp.
Fertilizers Market Size
The synthetic dye and pigment market size is expected to reach $60 billion by 2022, significantly growing at a CAGR of around 4% during the forecast period. The growth in the synthetic dye and pigment industry is due to rising demand for high performance pigments, increasing demand in end user investments such as textile and printing inks market and global economic growth.
However, the market for synthetic dye and pigment is expected to face certain restraints from several factors such as safety concerns, stringent government regulations and fluctuating raw material costs.
Synthetic Dye And Pigment Market Segmentation
The global synthetic dye and pigment market is further segmented based on type and geography.
By Type - The synthetic dye and pigment market is segmented into dye and pigment. Among these two segments, the pigments market accounts for the largest share in the global synthetic dye and pigment market.
By Geography - The global synthetic dye and pigment is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific synthetic dye and pigment market accounts the largest share in the global synthetic dye and pigment market.
Trends in the Synthetic Dye And Pigment Market
Eco-friendly dyes, migration of manufacturing capacities and rising investments in R&D departments of synthetic dye and pigment are the major trends witnessed in the global synthetic dye and pigment market.
Potential Opportunities in the Synthetic Dye And Pigment Market
With increasing demand for high performance pigments, adoption of advanced technologies and investments in end user industries such as chemicals, the scope and potential for the global synthetic dye and pigment market is expected to significantly rise in the forecast period.
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