The report “Dyes and Pigments Market - Dyes (Reactive, Disperse, Acid, Direct, Basic, Vat), Organic Pigments (Azo, Phthalocyanines, High Performance) & Inorganic Pigments (Tio2, Iron Oxide, Carbon Black & Others) - Global Trends & Forecast to 2018”, defines and segments the global colorants market with analysis and forecasting of the global volume and revenue. Colorants consumption will grow at a CAGR of 3.6% and reach 11 million metric tons by 2018.
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Key content of this market:
Colorants market includes dyes and pigments. The growth of dyes market completely depends on textile industry since it accounts for the major share of dyes consumption. China and India are the leading producers and consumers of dyes. Some of the key trends witnessed in this market are shift of manufacturing facilities from U.S. and Europe to India, China, and Taiwan, and preference for eco-friendly products. Some of the issues faced by dyes industry are its global overcapacity, stricter environmental laws, and compliance to reach.
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The global pigments market is projected to grow at a CAGR of 4% from 2013 to 2018. In the pigments market, TiO2 holds the maximum share. The demand for organic pigments is expected to grow mainly due to increasing demand for high performance pigments. However, growth in the organic pigments will be restricted due to its high cost as compared to inorganic pigments.
In the dyes and pigments market, Asia-Pacific accounts for the largest market share. The developing economies such as China and India are expected to show faster growth as compared to developed economies such as Europe and U.S. The driving factors for the growth in these regions are increasing demand on the domestic front, growing middle class, and increasing income levels.
Colorants have large number of applications such as paints and coatings, textile, construction, printing inks, and plastics. Growth will be partly driven by turnaround in these key markets and increasing need for colorants in these applications.
The colorants market has also been segmented on the basis of product types - dyes (reactive dye, disperse dye, sulfur dye, VAT dye, acid dye, direct dye, basic dye, and others), organic pigments (azo, phthalocyanines blues and greens, and high performance pigments), and inorganic pigments (titanium dioxide, iron oxide, and others). These segments have been discussed in detail and a comprehensive view and forecast is provided for each category.
The growth of the Colorants Market more or less moves in tandem with the growth of the global economy. Asia-Pacific accounted for the largest portion of colorants demand. The high demand in the region is mainly due to the large middle class population in developing countries such as China and India. The other factors which affect the demand of dyes and pigments are consumer spending levels, people’s lifestyle, and preference towards use of different colors.