The global Dyes and Pigments market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2021-2027). Countries such as the US, the UK, India, and China are among the major countries with significant global growth potential in the construction sector. For instance, according to the report of Global Construction Perspectives and Oxford Economics 2030, predications says that global construction output will increase by 85% to $15.5 trillion by 2030, US, China, and India are the three countries leading it way and accounting for 57% of total global growth. In the coming 15 years, US construction will grow faster than China, by an average of 5% per year.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in February 2021, Clariant AG announced an expansion of its new state-of-the-art pigment laboratory in Krugersdorp, which is an African showpiece for sustainable color technology. The new facility will service in the emerging Middle East and Africa paints and coatings market that will provide support in expanding the coatings industry’s local value-added color support services in the region. Additionally, the facility will be offering a full range of value-added services such as color matching services, customized color solutions, and the development of own color recipes to create an infinite number of shades, including tinting systems.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Type
o By Application
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- – DIC Corp., BASF SE, Huntsman Corp., Kronos Worldwide, Inc., Sudarshan Chemical Industries Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Dyes and Pigments Market Report Segment
By Type
- Dyes
- Reactive dyes
- Disperse dyes
- Acid dyes
- Others (Vat, Direct)
- Pigments
- Titanium dioxide
- Inorganic pigments
- Organic pigments
By Application
- Textile
- Paints & coatings
- Plastics
- Leather
- Construction
- Others (Paper, Printing ink)
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