The European Dyes and Pigments market is anticipated to grow at a considerable CAGR of 5.9% during the forecast period (2021-2027). The growth of e-commerce sales, increasing demand for product personalization, and increasing industrial packaging are accelerating the demand for packaging, and that as a result is boosting the growth of the dyes and pigments market in various European countries such as the UK. For instance, according to the Packaging Federation of the UK, the country’s packaging manufacturing industry generates annual sales of GBP 11 billion. It is also a significant contributor to the UK GDP and an important link in the larger packaging supply chain. The industry employs over 85,000 people, accounting for 3% of the manufacturing workforce in the UK.
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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 November 2020, Lanxess AG has expanded its capacity for black synthetic iron oxide pigments at its Krefeld-Uerdingen site by more than 5,000 metric tonnes annually. With the completion of the debottlenecking measures, the expansion will be able to meet the increased demand from the construction industry, particularly for our unique black pigments to colour concrete.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Type
- By Application
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- – Merck KGaA, BASF SE, Sudarshan Chemical Industries Ltd., Tata DIC Corp, E.I. Dupont De Nemours & Co.
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?
Ø Deviation from the pre-COVID-19 forecast
Ø 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?
European 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)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
