Global Dyes & Pigments Market - Segmented by Type, End-user, and Geography - Growth, Trends, and Forecast (2018 - 2023)

SKU ID : INH- 12345081

Publishing Date : 01-Mar-2018

No. of pages : 150

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  • The global dyes & pigments market is estimated to grow at a CAGR of 5.22% during the forecast period 2018-2023. The paints & coatings is estimated to be the major end-user of dyes & pigments market driven by several factors, such as growing demand from Asia-Pacific infrastructure industry, automotive industry.

    Rising Demand for Paints & Coatings from Automotive Industry in Europe and Asia

    Pigments play a key role in the formulation of paints & coatings. They help in providing key characteristics to paints & coatings, such as color, strength, durability, coverage, chemical inertness, and surface protection. Vehicle manufacturers highly use industrial coatings in automotive OEM coatings during the production. The automotive industry is at a growing phase in many regions, like Europe and China. China is one of the major automobile manufacturers in Asia-Pacific region. The increasing automotive production in China & Europe is driving the dyes & pigments market on a considerable extent.

    Paints & Coatings to be the Major End-user Industry

    The paints & coatings industry uses a wide array of pigments, some of which are used to manufacture paints for a variety of applications, such as automobiles, buildings, and hardware. Pigments, which are used in the paints coatings application, are classified into 2 types - industrial and architectural or decorative. Besides pigments, dyes also play a vital role in paints & coatings industry. Solvent soluble dyes for paint industry is processed by using finest grade components. With the growing demand from the paints & coatings industry, the demand for dyes & pigments is estimated to be propelled during the forecast period.

    Asia-Pacific to Lead among Other Regions

    Asia-Pacific is estimated to lead the global dyes & pigments market. The region is likely to witness an increase in its spending on urbanization to meet the growing needs. The new construction & building projects in the region are a to boost the market growth. China and India are known as major producers of dyes across the Asia-Pacific. Almost all the ASEAN countries are expected to raise their budgets for infrastructure, in the next five years. Increased urbanization, investment, consumer and government spending are set to increase the market for dyes and pigments in the region.

    Notable Developments in the Market

    January 2018: BASF increased prices for pigments, dyes and preparations worldwide
    April 2017: Clariant completed color range of “super-transparent” pigment preparations

    Major Players: BASF SE, Clariant AG, Huntsman Corporation, LANXESS AG, DIC CORPORATION amongst others.

    Reasons to Purchase this Report

    To understand the impact of end-user industries on the market
    Analyzing various perspectives of the market with the help of Porter’s five forces analysis
    To understand the dominating technology in the market
    Countries expected to witness the fastest growth during the forecast period
    Identifying the latest developments, market shares and strategies employed by the major market players
    3-month analyst support, along with the Market Estimate sheet in excel.

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    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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