Dyes and Pigments Industry Share, Growth, Development and Forecast to 2030

According to P&S Intelligence, the value of the dyes and pigments market will reach $57,947 million by 2030.
 
NEW YORK - Nov. 25, 2022 - PRLog -- The value of the dyes and pigments market was $37,549 million in 2021, and will reach $57,947 million by 2030, at a growth rate of 5% in the years to come. This is because of the rising income, rising construction activities, thriving industries like paints & coatings, automotive, packaging, and textile; growing government initiatives for the textile sector, and snowballing awareness toward eco-friendly products.

Organic pigments will grow faster in the years to come. The reason for this will be the increasing awareness of consumers concerning the ills of inorganic pigments, growing use of organic alternatives in printing inks, and budding F& B industry, where these pigments are used as coloring agents.

The growth of construction, automotive, paints & coatings, printing, plastics packaging, and cosmetics & personal care industries is increasing the demand for dyes and pigments. The increasing income is allowing customers spend more on personal care products. Media penetration, advertising, and promotional offers played a crucial role in increasing the demand for such products.

Reactive dyes had the highest share in the past of over 52%, in 2021, and this will be the dominator in the future as well. This is because of the water solubility, easy application, confrontation to UV-induced weakening, and accessibility in all shades and diverse forms like print–paste liquid and powder.

Vat dyes had a significant share in the past, because of their extensive use in the textile industry for coloring cellulosic fiber, chiefly cotton fiber, together with leather viscose rayon, and supplementary fibers. Its major final products are jeans and other denims.

Textiles was the highest revenue generator. This is because of the growing dye use in home, construction, coloring apparel, industrial, medical, and safety textiles, tech enhancements in engineering facilities, and dissimilar government policies and programs and employed to support the development of the textile sector.

Printing inks will grow rapidly in the years to come in the dyes and pigments market (https://www.psmarketresearch.com/market-analysis/pigments...). This will be because of the developing packaging sector, where inks are widely employed for marking and graphical ads, progressions in the printing technology and devices, and thriving digital printing trend.

It is because of the increasing consumer awareness with regards to eco-friendly dyes and pigments, the demand for the same is om the rise all around the world.

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