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Industry News, Market Research

Global Dyes, Pigments Market On Rise: Research

Asia Pacific accounted for 60.9 percent of the $30.42 billion in 2016 revenue.

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By: Anthony Locicero

Copy editor, New York Post

A seven to eight percent growth of the Asia Pacific capital project and infrastructure market will likely been a boon to the global dyes and pigments market, which was valued at $30.42 billion in 2016, according to research.

The region accounted for 60.9 percent of the revenue last year.

Grand View Research expects the global market to be driven by an increasing demand from textiles, paints and coatings, construction and plastics.

The consumer base has increased due to the online availability of products, the research states.

The study cites a growing population, increasing disposable income, and changing consumer trends as the reason for the proliferation of the textile industry.

Of the various types of dyes, reactive dyes accounted for a 54.4 percent share of the 2016 revenue.

Research forecasts the largest growth for the demand of reactive and disperse dyes from 2017-2025. That’s due to the variety of technical and industrial applications, which include dyeing textiles, laser dyes, organic LED (OLED), and liquid crystal displays (LCD).

Look for a 5.8 percent compound annual growth rate for organic pigments during the same forecast period.

The Central and South American regions will likely grow 4 percent in that eight-year span as well, with a demand for direct dyes.

The demand for vat dyes will grow mostly in Europe, according to research, because of the presence of numerous large retailer and brands and internationally acclaimed designers. 

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