The market scale of the hottest dyes and pigments

The size of the dye and pigment market will explode to $46.4 billion in 2025

the size of the dye and pigment market will explode to $46.4 billion in 2025

August 23, 2017

[China paint information]

as the demand for dyes and pigments increases, the size of the industry will also explode. According to a report by grand view research, the size of the global dye and pigment market was $30.42 billion in 2016, It is expected to reach US $46.4 billion by 2025, with a compound annual growth rate of 4.9%. The use of dyes and pigments will increase significantly due to the demand for printing ink applications with a contribution rate of 23.82%

the demand for dyes and pigments in textile, construction, plastics and other application fields in the Asia Pacific region is increasing, which will promote the development of the market. It can save high costs and cumbersome painting processes. The growth of consumer spending, industrialization and rapid economic growth will further promote the development of the whole region

the rapidly growing digital printing market is expected to provide a positive space for the printing ink industry, thereby promoting economic growth. The increasing consumption of food and beverages is expected to further boost product demand

reactive dyes dominated in 2016, accounting for 54.4% of total revenue. They are composed of highly colored organic substances, mainly used in textiles and leather. They have high fade resistance and bright hue range, making them particularly suitable for colored cotton and rayon. It is expected that consumption in this field will continue to increase in the Asia Pacific region, central and South America and other regions. From 2017 to 2025, the compound annual growth rate of the Asia Pacific market is expected to reach 5.6%. Due to the strict regulation of Europe, this industry has transferred its demand to Asia Pacific countries, such as India and China. It is expected that the construction industry in the whole Asia Pacific region will provide a positive development prospect for the demand for pigments and dye products in the forecast period. In April, 2017, bath's 50million cycles were still intact. Fu signed a cooperation agreement with Landa laboratory to help the company develop new pigments using Landa laboratory's nano pigment technology and use them to serve the automotive industry; In May 2017, Clariant signed a merger agreement with Huntsman, consolidating the company's position in the pigment industry

reactive dyes and disperse dyes will continue to grow in the next few years. The application fields involve various technologies and industrial products. In addition to the traditional application of dyed textiles, they will also be expanded to new application fields such as laser dyes, organic LED (OLED) and liquid crystal display (LCD)

inorganic pigments have a higher market share than organic pigments. The properties of inorganic pigments, such as good wettability, darker color and pure color, are expected to further promote its market

it is estimated that from 2017 to 2025, the compound annual growth rate of the market value of organic pigments will be 5.8%. Strict regulations affecting the further development of the inorganic pigment industry will provide a positive space for the demand for organic pigment substitution