ROCKVILLE, M.d., March 02, 2022 (GLOBE NEWSWIRE) -- 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.
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.
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| Report Attributes | Details |
| Organic Dyes and Pigments Market Size (2021A) | US$ 21 Bn |
| Estimated Market Value (2022E) | US$ 22 Bn |
| Forecasted Market Value (2032F) | US$ 37 Bn |
| Global Market Growth Rate (2022-2032) | 5.4% CAGR |
| Asia Pacific Market Share (2021) | ~71% |
| Asia Pacific Market Growth Rate (2022-2032) | 6.7% CAGR |
| China Market Growth Rate (2022-2032) | 6.8% CAGR |
| Market Share of Top 5 Companies | ~30% |
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.
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Consumption Analysis of Organc Dyes and Pigments Market Outlook (2022-2032)
Organic dye and pigment application for imparting colours to textiles dominated the global market value share by accounting for around 56% of the total dyes and pigments market in 2020.
As per latest market analysis by Fact.MR, a market research and competitive intelligence provider, market value for natural dyes and pigments over the past half-decade increased at a CAGR of around 3.3%. Additionally, in terms of volume, in 2021, organic dye and pigment consumption stood at around 4,452 tons.
Consumption of organic dyes and pigments for application in textiles, over the period of 2022-2032, is poised to increase at a CAGR of 6%. Projections are that steadily rising demand for natural dyes and pigments for application in paints & coatings and textiles will enhance market valuation to US$ 37 billion by 2032.
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.
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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
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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).
About the Chemicals and Materials Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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