Embark on a vibrant journey through the world of color with a comprehensive analysis of the dyes and pigments market. Uncover the latest trends, applications, and technological advancements shaping the dyes and pigments industry. From textiles and plastics to paints, inks, and cosmetics, explore the diverse applications driving market demand.
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To give a material color, ingredients like dyes and pigments are utilized. Both dyes (also known as dyestuffs) and pigments are frequently referred to as colorants. Particle size is a key distinction between colors and pigments. Pigments are significantly coarser than dyes.
As per P&S Intelligence, the dyes and pigments market is predicted to reach USD 57,946.67 million by 2030. This may be ascribed to factors including increasing disposable income, expanding construction activity, flourishing end-use sectors like the packaging, paints & coatings, automotive, and textile industries, an increase in government efforts for the textile sector, and growing public awareness of organic dyes and pigments.
Organic Pigments Will Show Faster Growth
The fastest growth is anticipated for organic pigments throughout the forecasted period. This can be ascribed to rising consumer awareness of the negative effects of inorganic pigments, rising usage of organic pigment substitutes in printing inks, and expanding use of such pigments in the food and beverage sector.
Moreover, the demand for pigments is also influenced by governmental programs, laws, and regulations including the FFDA, GRAS, and the CFR.
Furthermore, the higher revenue share was held by inorganic pigments, and it is anticipated that they will continue to hold that position during the projected period. Their low cost, expanding industrial use due to their excellent lightfastness, opaqueness, fade resistance, and insolubility, and increased demand for inorganic pigments in surface coatings can all be linked to this.
Technology Advances Fuel the Market
The growing numbers of innovative technologies are being used in the dyes and pigments sector to help producers enhance the properties of the finished goods. For instance, by mixing silver, copper, and gold, the new ultra-thin-pigment technology delivers new color shades, such as GoldenShine, GoldenWhite, and CopperGlow, providing the product color saturation. Currently, printing inks, polymers, and coatings can all reproduce these hues.
Additionally, technologies that spread fewer pollutants are being used with consideration for environmental safety. The NESHAP, for instance, has created the standards to regulate the use of VOCs, and as a result, automotive paint producers are migrating from solvent-borne tech to powder and water-borne coating technologies.