Synthetic Dyes And Pigments Global Market Opportunities And Strategies To 2022
Region:Asia
Product Code:o&s064
March 2019
299
About the Report
This report describes and evaluates the global market for synthetic dyes and pigments. It covers two five-year periods, 2014 to 2018, termed the historic period, and 2018 through 2022, the forecast period.
The synthetic dyes and pigments market consists of the sales of synthetic dyes and pigments by entities (organizations, sole traders or partnerships) that produce synthetic dyes and pigments. The global market for synthetic dyes and pigments reached a value of nearly USD 52.0 billion in 2018, having increased at a compound annual growth rate (CAGR) of 1.4% since 2014. The market will grow at a CAGR of 5.1% to nearly USD 63.3 billion by 2022.
Growth in the historic period resulted from rising demand in emerging markets and technological advances. Going forward, increased demand from the packaging industry, rising demand for high performance pigments and economic growth will drive the synthetic dyes and pigments market growth. Factors that negatively affected growth in the historic period were changing regulations, increasing awareness of safety issues and decreased demand from the paper publishing industry. Factors that could hinder the growth of this market in the future are instability in raw material costs, expected increases in interest rates, reduction in free trade and growing competition from natural dyes and pigments.
The market can be segmented into synthetic dyes and pigments. Pigments accounted for the largest share of the synthetic dyes and pigments market in 2018 at 70.2%. This market is also expected to be the fastest-growing segment going forward at a CAGR of 5.2%.
The synthetic dyes market categorized by product type is divided into acid dyes, disperse dyes, reactive dyes, direct dyes, basic dyes, vat dyes, and other dyes. Acid dyes accounted for the largest share of the synthetic dyes market in 2018 at 25.7%. The disperse dyes market will be the fastest-growing segment going forward at a CAGR of 6.0%.
The synthetic dyes market is also classified by end use industry into textiles, food and beverages, paper, inks, leather, and other industries. Textiles accounted for the largest share of the synthetic dyes market in 2018 at 62.2%. This market will also be the fastest-growing segment going forward at a CAGR of 4.7%.
The pigments market categorized by product type is divided into inorganic and organic pigments. Inorganic pigment accounted for the largest share of the pigments market in 2018 at 64.8%. This market will also be the fastest-growing segment going forward at a CAGR of 5.5%.
The pigments market is also classified by end use industries into paints and coatings, plastics, printing inks, textiles, cosmetics and personal care, and other industries. Paints and coatings accounted for the largest share of the pigments market in 2018 at 50.7%. This market will also be the fastest-growing segment going forward at a CAGR of 5.8%.
Asia-Pacific is the largest market for synthetic dyes and pigments companies, accounting for 41.9% of the global market. It is followed by Western Europe, North America, South America, the Middle East, and then the other regions. Going forward, Africa and Asia-Pacific will be the fastest growing regions in this market, where growth will be at CAGRs of 7.2% and 6.6% respectively. This is followed by the Middle East and South America, where the market is expected to grow at CAGRs of 5.7% and 5.5% respectively.
China was the largest market for synthetic dyes and pigments, accounting for 21.2% of the market in 2018. It was followed by the USA, Italy, Germany and India. Going forward, China will be the fastest growing country in this market, the market there is expected to grow at a CAGRs of 9.6%.
Major players in the market are BASF SE, The Chemours Company, Venator Materials PLC, Kronos Worldwide, Inc., and Tronox Limited.
The global chemicals market, of which the synthetic dyes and pigments market is a segment, reached a value of nearly USD 3,410 billion in 2018, having grown at 0.9% since 2014. It will grow at a compound annual growth rate (CAGR) of 5.4% to nearly USD 4,216.5 billion by 2022. The synthetic dyes and pigment market was the 13th largest segment in the global chemicals market in 2018. The synthetic dyes and pigments market accounted for 1.5% of the chemicals market and was worth USD 52.0 billion. The ethyl alcohol and other basic organic chemical market is the largest segment of the chemicals market, accounting for 26.2% of the chemicals market, worth USD 893.8 billion globally and has grown at a CAGR of 0.8% during the historic period. It is expected to grow at a CAGR of 4.6% during the forecast period.
The top opportunities in the global synthetic dyes and pigments market will arise in the disperse dyes segment which will gain USD 0.85 billion of global annual sales by 2022. The synthetic dyes and pigments market will gain the most in annual USD sales in China at USD 4.89 billion. To take advantage of opportunities such as these, synthetic dyes and pigments manufacturers should consider strategies such as setting up manufacturing plants in Asia, developing eco-friendly dyes that are cost-effective, investing in R&D to develop products with enhanced properties to meet the consumer demand and be at par with other major players, broadening product portfolios by adding innovative products to meet the demand from various industries, expanding business operations to meet customer demand through sustainable investments, introducing product innovations and solutions to enhance market, improving product quality and strengthening the competitive position by developing new grades for existing and new applications, and expanding business operations to new geographical markets through more direct investments and acquisitions.
Scope of the Report
Products
Companies
BASF SE, The Chemours Company, Venator Materials PLC, Kronos Worldwide Inc., Tronox Limited
Table of Contents
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1.1. Segmentation By Geography
6.1.2. Segmentation By Type of Product
6.1.3. Segmentation By End-Use Industry
7. Synthetic Dyes And Pigments Market Characteristics
8. Synthetic Dyes And Pigments Market, Supply Chain Analysis
9. Synthetic Dyes And Pigments Market Product Analysis - Product Examples
10. Synthetic Dyes And Pigments Market End-Use Industry Analysis
10.1.1. Textiles industry
10.1.2. Leather industry
10.1.3. Paints and coatings industry
10.1.4. Plastic industry
10.1.5. Cosmetics industry
11. Synthetic Dyes And Pigments Market Size And Growth
11.1.Historic Market Growth, Value (USD Billion)
11.1.1. Drivers Of The Market 2014-2018
11.1.2. Emerging Markets Growth
11.1.3. Low Interest Rate Environment
11.1.4. Global Population Growth
11.1.5. Restraints On The Market 2014-2018
11.1.6. Safety Concerns
11.1.7. Regulatory Challenges
11.1.8. Ban On Dyes
11.2.Forecast Market Growth, Value (USD Billion)
11.2.1. Drivers Of The Market 2018-2022
11.2.2. Rising Demand For High Performance Pigments
11.2.3. Economic Growth
11.2.4. High Demand From End User Industries
11.2.5. Restraints On The Market 2018-2022
11.2.6. Interest Rate Increases
11.2.7. Fluctuating Raw Material Costs
11.2.8. Reduction In Free Trade
11.2.9. Growing Demand For Natural Dyes and Pigments
12. Synthetic Dyes And Pigments Market Opportunity Assessment-PESTEL Analysis
12.1.Political
12.1.1. Government Incentives:
12.1.2. Political Intervention:
12.1.3. Unstable Global Politics:
12.2.Economic
12.2.1. Globalization:
12.2.2. Emerging Economies
12.2.3. Increasing Disposable Income:
12.2.4. High Raw Material Prices:
12.3.Social
12.3.1. Growing Awareness About The Health Impact:
12.3.2. Improper Disposal:
12.4.Technological
12.4.1. IoT To Optimize Operations:
12.4.2. Big Data Analytics Help Reduce Energy Consumption:
12.5.Environmental
12.5.1. Growing Awareness About The Environmental Impact
12.6.Legal
12.6.1. Stringent Regulations:
13. Synthetic Dyes And Pigments Market Trends And Opportunities
13.1.Migration Of Manufacturing Capacity
13.2.Eco-Friendly Dyes
13.3.Rising Investment In R&D
14. Synthetic Dyes And Pigments Market Customer Information
14.1.Concerns About Chemicals In Food Grows
14.2.Red Dyes In Food Is A Cause Of Concern For Parents
14.3.Most Consumers Unaware Of Adverse Health Impacts Associated With Synthetic Dyes
15. Synthetic Dyes And Pigments Market, Regional And Country Analysis
15.1.Global Synthetic Dyes and pigments market, 2018, By Region, Value (USD Billion)
15.2.Global Synthetic Dyes and pigments market, 2014 - 2022, Historic And Forecast, By Region
15.3.Global Synthetic Dyes and pigments market, Growth And Consumption Share Comparison, By Region
15.4.Global Synthetic Dyes and pigments market, 2018, By Country, Value (USD Billion)
15.5.Global Synthetic Dyes and pigments market, 2014 - 2022, Historic And Forecast, By Country
15.6.Global Synthetic Dyes and pigments market, Growth And Market Share Comparison, By Country
16. Synthetic Dyes And Pigments Market Segmentation
16.1.Global Synthetic Dyes And Pigments Market, Split By Segment, 2014-2022, Value (USD Billion)
16.2.Global Synthetic Dyes Market, Segmentation By Type Of Product, 2014-2022, Value (USD Billion)
16.3.Global Pigments Market, Segmentation By Type Of Product, 2014-2022, Value (USD Billion)
16.4.Global Synthetic Dyes Market, Segmentation By End-Use Industry, 2014-2022, Value (USD Billion)
16.5.Global Pigments Market, Segmentation By End-Use Industry, 2014-2022, Value (USD Billion)
17. Global Synthetic Dyes And Pigments Market Comparison with Macro Economic Factors
17.1.Synthetic Dyes and pigments market Size, Percentage Of GDP, Global
17.2.Per Capita Average Synthetic Dyes and pigments market Expenditure, Global
18. Synthetic Dyes And Pigments Market Comparison With Macro Economic Factors Across Countries
18.1.Synthetic Dyes and pigments market Size, Percentage Of GDP, By Country
18.2.Per Capita Average Synthetic Dyes and pigments market Expenditure, By Country
19. Asia-Pacific Synthetic Dyes And Pigments Market
19.1.Asia-Pacific Synthetic Dyes And Pigments Market Overview
19.1.1. Region Information
19.1.2. Market Information
19.1.3. Background Information
19.1.4. Government Initiatives
19.1.5. Regulations
19.1.6. Regulatory Bodies
19.1.7. Associations
19.1.8. Investments
19.1.9. Corporate Tax Structure
19.1.10. Major Companies
19.2.Asia-Pacific Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
19.3.Asia-Pacific Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
19.4.Asia-Pacific Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
19.5.China Synthetic Dyes And Pigments Market
19.6.China Synthetic Dyes And Pigments Market Overview
19.6.1. Country Information
19.6.2. Market Information
19.6.3. Background Information
19.6.4. Government Initiatives
19.6.5. Regulations
19.6.6. Regulatory Bodies
19.6.7. Associations
19.6.8. Investments
19.6.9. Corporate Tax Structure
19.6.10. Major Companies
19.7.China Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
19.8.China Synthetic Dyes And Pigments Market, 2014 - 2018, Volume (Million Tonnes)
19.9.China Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
19.10. China Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
19.11. India Synthetic Dyes And Pigments Market
19.12. India Synthetic Dyes And Pigments Market Overview
19.12.1. Country Information
19.12.2. Market Information
19.12.3. Background Information
19.12.4. Government Initiatives
19.12.5. Regulations
19.12.6. Regulatory Bodies
19.12.7. Associations
19.12.8. Corporate Tax Structure
19.12.9. Major Companies
19.13. India Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
19.14. India Synthetic Dyes And Pigments Market, 2014 - 2018, Volume (Million Tonnes)
19.15. India Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
19.16. India Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
19.17. Japan Synthetic Dyes And Pigments Market
19.18. Japan Synthetic Dyes And Pigments Market Overview
19.18.1. Country Information
19.18.2. Market Information
19.18.3. Background Information
19.18.4. Regulations
19.18.5. Regulatory Bodies
19.18.6. Corporate Tax Structure
19.18.7. Major Companies
19.19. Japan Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
19.20. Japan Synthetic Dyes And Pigments Market, 2014 - 2018, Volume (Million Tonnes)
19.21. Japan Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
19.22. Japan Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
19.23. Australia Synthetic Dyes And Pigments Market
19.24. Australia Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
19.25. Australia Synthetic Dyes And Pigments Market, 2014 - 2018, Volume (Million Tonnes)
19.26. Australia Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
19.27. Australia Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20. Western Europe Synthetic Dyes and pigments market
20.1.Western Europe Synthetic Dyes And Pigments Market Overview
20.1.1. Region Information
20.1.2. Market Information
20.1.3. Background Information
20.1.4. Government Initiatives
20.1.5. Regulations
20.1.6. Regulatory Bodies
20.1.7. Associations
20.1.8. Investments
20.1.9. Corporate Tax Structure
20.1.10. Major Companies
20.2.Western Europe Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
20.3.Western Europe Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20.4.Western Europe Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20.5.UK Synthetic Dyes And Pigments Market
20.6.UK Synthetic Dyes And Pigments Market Overview
20.6.1. Country Information
20.6.2. Market Information
20.6.3. Background Information
20.6.4. Regulations
20.6.5. Regulatory Bodies
20.6.6. Associations
20.6.7. Corporate Tax Structure
20.6.8. Major Companies
20.7.UK Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
20.8.UK Synthetic Dyes And Pigments Market, 2014 - 2018, Volume (Million Tonnes)
20.9.UK Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20.10. UK Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20.11. Germany Synthetic Dyes And Pigments Market
20.12. Germany Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
20.13. Germany Synthetic Dyes And Pigments Market, 2014 - 2018, Volume (Million Tonnes)
20.14. Germany Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20.15. Germany Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20.16. France Synthetic Dyes And Pigments Market
20.17. France Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
20.18. France Synthetic Dyes And Pigments Market, 2014 - 2018, Volume (Million Tonnes)
20.19. France Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20.20. France Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20.21. Italy Synthetic Dyes And Pigments Market
20.22. Italy Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
20.23. Italy Synthetic Dyes And Pigments Market, 2014 - 2018, Volume (Million Tonnes)
20.24. Italy Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20.25. Italy Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20.26. Spain Synthetic Dyes And Pigments Market
20.27. Spain Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
20.28. Spain Synthetic Dyes And Pigments Market, 2014 - 2018, Volume (Million Tonnes)
20.29. Spain Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
20.30. Spain Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
21. Eastern Europe Synthetic Dyes And Pigments Market
21.1.Eastern Europe Synthetic Dyes And Pigments Market Overview
21.1.1. Region Information
21.1.2. Market Information
21.1.3. Background Information
21.1.4. Regulations
21.1.5. Regulatory Bodies
21.1.6. Associations
21.1.7. Investments
21.1.8. Corporate Tax Structure
21.1.9. Major Companies
21.2.Eastern Europe Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
21.3.Eastern Europe Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
21.4.Eastern Europe Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
21.5.Russia Synthetic Dyes And Pigments Market
21.6.Russia Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
21.7.Russia Synthetic Dyes And Pigments Market, 2014 - 2018, Volume (Million Tonnes)
21.8.Russia Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
21.9.Russia Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
22. North America Synthetic Dyes And Pigments Market
22.1.North America Synthetic Dyes And Pigments Market Overview
22.1.1. Region Information
22.1.2. Market Information
22.1.3. Background Information
22.1.4. Government Initiatives
22.1.5. Regulations
22.1.6. Regulatory Bodies
22.1.7. Associations
22.1.8. Investments
22.1.9. Corporate Tax Structure
22.1.10. Major Companies
22.2.North America Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
22.3.North America Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
22.4.North America Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
22.5.USA Synthetic Dyes And Pigments Market
22.6.USA Synthetic Dyes And Pigments Market Overview
22.6.1. Country Information
22.6.2. Market Information
22.6.3. Background Information
22.6.4. Government Initiatives
22.6.5. Regulations
22.6.6. Regulatory Bodies
22.6.7. Associations
22.6.8. Investments
22.6.9. Corporate Tax Structure
22.6.10. Major Companies
22.7.USA Synthetic Dyes And Pigments Market, 2014 - 2022, Split By Segment, Value (USD Billion)
22.8.USA Synthetic Dyes And Pigments Market, 2014 - 2018, Volume (Million Tonnes)
22.9.USA Dyes Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
22.10. USA Pigments Market, 2014 - 2022, Segmentation By Type Of Product, Value (USD Billion)
23. South America Synthetic Dyes And Pigments Market
23.1.South America Synthetic Dyes And Pigments Market Overview
23.1.1. Region Information
23.1.2. Market Information
23.1.3. Background Information
23.1.4. Regulations
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