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Synthetic Dyes & Pigments - Global Market Opportunities & Strategies to 2022: The Market Will Grow at a CAGR of 5.1% to Nearly $63.3 Billion by 2022 - ResearchAndMarkets.com

April 4, 2019

DUBLIN--(BUSINESS WIRE)--Apr 4, 2019--The “Synthetic Dyes And Pigments Global Market Opportunities And Strategies To 2022” report has been added to ResearchAndMarkets.com’s offering.

This report describes and evaluates the global market for synthetic dyes and pigments. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2022, the forecast period.

The global market for synthetic dyes and pigments reached a value of nearly $52 billion in 2018, having increased at a compound annual growth rate (CAGR) of 1.4% since 2014. The market will grow at a CAGR of 5.1% to nearly $63.3 billion by 2022.

Growth in the historic period resulted from rising demand in emerging markets and technological advances. Going forward, increased demand from the packaging industry, rising demand for high performance pigments and economic growth will drive the synthetic dyes and pigments market growth. Factors that negatively affected growth in the historic period were changing regulations, increasing awareness of safety issues and decreased demand from the paper publishing industry. Factors that could hinder the growth of this market in the future are instability in raw material costs, expected increases in interest rates, reduction in free trade and growing competition from natural dyes and pigments.

The market can be segmented into synthetic dyes and pigments. Pigments accounted for the largest share of the synthetic dyes and pigments market in 2018 at 70.2%. This market is also expected to be the fastest-growing segment going forward at a CAGR of 5.2%.

The synthetic dyes market categorized by product type is divided into acid dyes, disperse dyes, reactive dyes, direct dyes, basic dyes, vat dyes, and other dyes. Acid dyes accounted for the largest share of the synthetic dyes market in 2018 at 25.7%. The disperse dyes market will be the fastest-growing segment going forward at a CAGR of 6%.

The synthetic dyes market is also classified by end use industry into textiles, food and beverages, paper, inks, leather, and other industries. Textiles accounted for the largest share of the synthetic dyes market in 2018 at 62.2%. This market will also be the fastest-growing segment going forward at a CAGR of 4.7%.

The pigments market categorized by product type is divided into inorganic and organic pigments. Inorganic pigment accounted for the largest share of the pigments market in 2018 at 64.8%. This market will also be the fastest-growing segment going forward at a CAGR of 5.5%.

The pigments market is also classified by end use industries into paints and coatings, plastics, printing inks, textiles, cosmetics and personal care, and other industries. Paints and coatings accounted for the largest share of the pigments market in 2018 at 50.7%. This market will also be the fastest-growing segment going forward at a CAGR of 5.8%.

Asia-Pacific is the largest market for synthetic dyes and pigments companies, accounting for 41.9% of the global market. It is followed by Western Europe, North America, South America, the Middle East, and then the other regions. Going forward, Africa and Asia-Pacific will be the fastest growing regions in this market, where growth will be at CAGRs of 7.2% and 6.6% respectively. This is followed by the Middle East and South America, where the market is expected to grow at CAGRs of 5.7% and 5.5% respectively.

China was the largest market for synthetic dyes and pigments, accounting for 21.2% of the market in 2018. It was followed by the USA, Italy, Germany and India. Going forward, China will be the fastest growing country in this market, the market there is expected to grow at a CAGRs of 9.6%.

Major players in the market are BASF SE, The Chemours Company, Venator Materials PLC, Kronos Worldwide, Inc., and Tronox Limited.

The global chemicals market, of which the synthetic dyes and pigments market is a segment, reached a value of nearly $3,410 billion in 2018, having grown at 0.9% since 2014. It will grow at a compound annual growth rate (CAGR) of 5.4% to nearly $4,216.5 billion by 2022. The synthetic dyes and pigment market was the 13th largest segment in the global chemicals market in 2018. The synthetic dyes and pigments market accounted for 1.5% of the chemicals market and was worth $52 billion.

The ethyl alcohol and other basic organic chemical market is the largest segment of the chemicals market, accounting for 26.2% of the chemicals market, worth $893.8 billion globally and has grown at a CAGR of 0.8% during the historic period. It is expected to grow at a CAGR of 4.6% during the forecast period.

The top opportunities in the global synthetic dyes and pigments market will arise in the disperse dyes segment which will gain $0.85 billion of global annual sales by 2022. The synthetic dyes and pigments market will gain the most in annual $ sales in China at $4.89 billion.

To take advantage of opportunities such as these, synthetic dyes and pigments manufacturers should consider strategies such as setting up manufacturing plants in Asia, developing eco-friendly dyes that are cost-effective, investing in R&D to develop products with enhanced properties to meet the consumer demand and be at par with other major players, broadening product portfolios by adding innovative products to meet the demand from various industries, expanding business operations to meet customer demand through sustainable investments, introducing product innovations and solutions to enhance market, improving product quality and strengthening the competitive position by developing new grades for existing and new applications, and expanding business operations to new geographical markets through more direct investments and acquisitions.

Companies Mentioned

  • Archroma
  • BASF SE
  • Clariant AG
  • Eastern Color & Chemical Co. Inc.
  • EFI
  • FMC
  • Huntsman Corp
  • Kronos Worldwide, Inc.
  • Lanxess AG
  • Merck Group
  • Organic Dyes & Pigments LLC
  • Rialco Limited
  • Rockwood Holdings Inc.
  • The Chemours Company
  • Tronox Limited
  • Venator Materials PLC

Key Topics Covered

1. Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction

7. Synthetic Dyes and Pigments Market Characteristics

8. Synthetic Dyes and Pigments Market, Supply Chain Analysis

9. Synthetic Dyes and Pigments Market Product Analysis - Product Examples

10. Synthetic Dyes and Pigments Market End-Use Industry Analysis

11. Synthetic Dyes and Pigments Market Size and Growth

12. Synthetic Dyes and Pigments Market Opportunity Assessment - PESTEL Analysis

13. Synthetic Dyes and Pigments Market Trends and Opportunities

14. Synthetic Dyes and Pigments Market Customer Information

15. Synthetic Dyes and Pigments Market, Regional and Country Analysis

16. Synthetic Dyes and Pigments Market Segmentation

17. Global Synthetic Dyes and Pigments Market Comparison with Macro Economic Factors

18. Synthetic Dyes and Pigments Market Comparison With Macro Economic Factors Across Countries

19. Asia-Pacific Synthetic Dyes and Pigments Market

20. Western Europe Synthetic Dyes and pigments market

21. Eastern Europe Synthetic Dyes and Pigments Market

22. North America Synthetic Dyes and Pigments Market

23. South America Synthetic Dyes and Pigments Market

24. Middle East Synthetic Dyes and Pigments Market

25. Africa Synthetic Dyes and Pigments Market

26. Synthetic Dyes and Pigments Market Competitive Landscape

27. Synthetic Dyes and Pigments Market Key Mergers and Acquisitions

28. Market Background: Chemicals

29. Synthetic Dyes and pigments market Opportunities & Strategies

30. Synthetic Dyes and Pigments Market, Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/research/jv5dzn/synthetic_dyes?w=4

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Related Topics:Dyes and Pigments,Pigments

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

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PUB: 04/04/2019 06:16 AM/DISC: 04/04/2019 06:16 AM

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