About this market
The growing demand for high-performance pigments to drive growth in the market. The high-performance pigments offer exceptional durability, high resistance to light and heat, higher pigment concentration, better colorfastness, and longer life. The analysts have predicted that the dyes and pigments market will register a CAGR of over 4% by 2023.
Market Overview
Growing demand for paints and coatings
The dyes and pigments are the key additives used in paints, coatings, sealants, and varnishes to provide an aesthetic appeal; these products are widely used in automotive, aviation, and construction industries.
Procurement challenges
One of the key challenges faced by the buyers in the global dyes and pigments market is the difficulty in assessing the suppliers’ capability to ensure on-time delivery of the product.
For the detailed list of factors that will drive and challenge the growth of the dyes and pigments market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including ALTANA and BASF the competitive environment is quite intense. Factors such as the growing demand for high-performance pigments and growing demand for paints and coatings, will provide considerable growth opportunities to dyes and pigments manufactures. ALTANA, BASF, Clariant, DowDuPont, Huntsman International, and LANXESS are some of the major companies covered in this report.