Dyes & Pigments Market Size Is Expected To Reach USD 51.7 Billion by 2028

Dyes & Pigments Market – A Mosaic of Growth Figures

 Colors have a very specific ability to light up your day, even if you’re having a bad one. It is something that will always be in demand. And, god knows, the time we all are going through right now, our morale definitely needs an uplift, no matter where it comes from.

Dyes & Pigments are something that makes any object come to life, it hardly matters what the object is! This positive attribute has made them a very crucial component in several industry types, such as textiles, paper, paints & coatings, printing inks, and leather industry among others. In addition to this, due to growing horizons of real estate and construction, they have observed a ferocious growth. These reasons make it important to know all the insights relate to the market. That’s why we brought you all the market insight deets in a single infographic, Enjoy!

I am very sure, you liked it a lot, because while making it we had lots of fun ourselves. However, you might be having more questions regarding the market, about its market players, and segment wise performances among others. For that, let me give you a parting gift section below, which will put your curiosity to sleep and that too in a peaceful deep sleep.

Some of the important market statistics –

• In terms of revenue, Asia Pacific led the global market in 2020 and is estimated to expand at the fastest CAGR of 5.8% from 2021 to 2028
• Increasing product demand from the end-use industries, such as textiles, paper, paints & coatings, construction, and printing inks, is likely to drive the APAC regional market in the coming years
• Dyes are expected to be the largest as well as the fastest-growing product segment from 2021 to 2028
• The paints & coatings application segment accounted for the largest revenue share of the pigments market in 2020 and is estimated to maintain its dominance over the forecast period
• Rising product demand in various applications, such as automotive and marine, is estimated to support the growth of the paints & coatings segment
• Textiles application segment dominated the dyes market in 2020 with more than 62% revenue share and is expected to continue its dominance throughout the forecast period