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| Dyes and Pigments Market |
Dyes and pigments are colorants extensively used in the printing, textile, and automotive industries. Dyes are ionizing and aromatic compounds that show affinity towards the surface they are applied to. Color modifiers such as methyl and ethyl groups are used to alter the color of dyes. Dyes are used as colorants for various polymers and textile dyeing applications, as well as in the biotechnology industry. Dyes are available in various forms such as granules, liquids, pastes, pellets, dry powders, and chips and serve various decorative, aesthetic, and artistic purposes.
Pigment is organic or inorganic powdered solid which is insoluble. Pigments offer excellent characteristics such as good baking stability, excellent solvent resistance, easily dispersible nature, high tinting strength, and consistent unique shades. Pigments are also used in paints that are used for decorative and protective coatings. These are also used in coloration of various plastics such as polyvinyl chloride (PVC), acrylonitrile-butadiene-styrene resins (ABS), urea-formaldehyde (U-F), nylons, and rubber.
Owing to the increasing application of dyes and pigments in various industries such as chemicals, textile, and automotive, the market for dyes and pigments is expected to witness growth over the forecast period (2017-2025)
Dyes and Pigments Market Outlook – Growth of Textile Industry Expected to Amplify Demand
Dyes and pigments are extensively used in the textile and automotive industries. Growing automobile and textile industries are expected to increase the demand for dyes and pigments. Asia Pacific is expected to be a major contributor for growth of the dyes and pigments market. Rapidly growing textile industry in the emerging economies such as India and China is one of the major factors contributing to the growth of the market in the region. According to India Brand Equity Foundation (IBEF), during FY 2015-16, the textile industry in India employed around 40 million workers and exported textile products worth US$ 40 billion. This, in turn, has augmented growth of the dyes and pigments market in the region.
Increasing regulatory restrictions on production of dyes and pigments is expected to be one of the major factors restraining growth of the dyes and pigments market. The Environmental Protection Agency of the United States, has implemented regulations that enlist potential effects of waste generated from the production of azo, triarylmethane, and anthraquinone dye and pigment product classes.
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Expanding production, distribution, and research on improving properties of ecofriendly colorants are some of the key strategies adopted by top players in the global dyes and pigments industry. These dyes and pigments are usually used for coloring textiles, paper, plastics, leather, inks, paints/coatings, food, drugs, and cosmetics.
Some of the major companies operating in the dyes and pigments market are Clariant AG, BASF SE, DIC Corporation Kiri Industries Ltd., Atul Limited, Sudharshan Chemical Industries Limited, Huntsman Corporation, Kronos Worldwide, Inc., Lanxess AG, and Tronox Limited.
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