Organic Dye and Pigment Consumption is Expected to Increase at a CAGR of Around 5.4%

As per latest market analysis on organic dyes and pigments by Fact.MR, a market research and competitive intelligence provider, the global market is projected to be valued at US$ 22 Bn in 2022, and expand at a CAGR of around 5.4% over the period of 2022-2032.

“Dyes and pigments are also used to provide aesthetic looks in textiles; thus, demand for dyes and pigments that can adhere to the surface of textiles has seen a surge,” says a Fact.MR analyst.

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Application of organic dyes and pigments in the textiles industry is projected to see a major surge, mainly attributed to volumes at which the industry consumes these chemicals. Additionally, the ability of dyes and pigments to impart colour onto textile material for various end uses has been identified as the major market growth driver. Projections are that, with rapid urbanization along with rise in income levels of consumers globally, sales of textiles will see multi-fold increase, which will drive consumption of organic dyes and pigments in parallel.

Key Takeaways from Market Study

• Organic pigments are projected to provide an absolute $ opportunity worth US$ 2.3 Bn over the forecast period (2022-2032).
• Based on product type, demand for organic dyes is projected to increase at a high CAGR of around 5.7% through 2032.
• On the basis application, organic dyes and pigments use case in the textiles industry is projected to surge at a CAGR of around 6% over the decade.
• East Asia is projected to capture around 62% of the global organic dyes and pigments market share by 2032.
• Europe is expected to provide an absolute dollar opportunity worth US$ 680 Mn by 2032-end.

Winning Strategy

Collaborations and partnerships have been identified as the main strategic priority for manufacturers of organic dyes and pigments. Players in the market have opted to strengthen their relations with suppliers and distributors to gain a competitive advantage in this industry.

Moreover, companies can also be seen focusing on expanding their business capabilities across regions, which has helped them increase their revenue generation capabilities over the historical period.

Competition Landscape

Atul Ltd, BASF SE, Cabot Corporation, Clariant, DIC CORPORATION, DuPont, Huntsman International LLC., Kiri Industries Ltd., KRONOS Worldwide, Inc., Organic Dyes and Pigments (ORCO), and Sudarshan Chemical Industries Limited are prominent suppliers of organic dyes and pigments.

Key Segments Covered in Organic Dyes and Pigments Industry Survey

• Organic Dyes and Pigments Market by Product Type :Organic Pigments
  Organic Dyes
  
• Organic Dyes and Pigments Market by Application :Textiles
  Leather
  Paper
  Paints, Coatings & Inks
  Food & Beverages
  Pharmaceuticals
  Cosmetics
  Others
  
• Organic Dyes and Pigments Market by Region :North America Organic Dyes and Pigments Market
  Latin America Organic Dyes and Pigments Market
  Europe Organic Dyes and Pigments Market
  East Asia Organic Dyes and Pigments Market
  South Asia & Oceania Organic Dyes and Pigments Market
  Middle East & Africa Organic Dyes and Pigments Market
  

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the organic dyes and pigments market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of product type (organic pigments and organic dyes) and application (textiles, leather, paper, paints, coatings & inks, food & beverages, pharmaceuticals, cosmetics, and others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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