Wednesday, 7 February 2018

Versatility in Demand for Dyes and Pigments

Swiftly increasing population and expendable income are pushing the demand for textiles and food. This swelling demand for food and textiles is expected to magnify the demand for dyes and pigments. To enhance product efficiency, most manufacturing companies are using advanced technologies for removing any environmental pollutants. These advanced chemical compounds are then used in several end-user industries such as construction, plastics, and paints.  

Dyes and Pigments

Diversity of Dyes and Pigments

Major product-variants of dyes are reactive, acid, direct, VAT, and disperse. In 2016, reactive dyes dominated the market. Such dyes are made from highly colored organic components and are mainly used in tinting textiles. Cotton and rayon are generally colored with reactive dyes owing to its high fading resistance and availability in bright shades. These types of dyes are also used in laser dyes, liquid crystal displays (LCD), and organic LED (OLED).

Key product variants of pigments are organic and inorganic. Organic forms of pigments are generally based on carbon rings and carbon chains. Such pigments have the ability to produce several vibrant colors and carry eco-friendly characteristics. Owing to these highly essential properties, organic pigments are used in cosmetics, coatings, and plastics. Light weight, water resistance, and high tinting strength are some additional properties of organic pigments, which allow them to be used in various end-use industries. For instance, a Montpellier, France-based company – Deinove – has created a bacterial anti-aging skincare product. This product is based on a carotenoid, which is an organic pigment produced by algae and plants. Owing to healing properties and safety of this pigment, Deinove is going to produce and launch its skincare product in 2018. The company has extracted carotenoid using a special kind of vegetable oil.

Market Insights

Fast growing demand for dyes and pigments from multiple end-use industries such as textile, plastics, and construction is anticipated to propel market growth. Rapid economic growth, industrialization, and customers’ ability and willingness to spend are some factors likely to expand the global dyes and pigments market. Moreover, increasing demand for digital printing along with food and beverage consumption can augment market growth over the forecast period. According to a recent report by Grand View Research Inc., the market is anticipated to value USD 46.4 billion by 2025.

Some of the prominent players in the market are Clariant AG, BASF SE, Huntsman Corporation, DIC Corporation, and Sudarshan Chemical Industries Limited.

In-Depth Research Report On Dyes and Pigments Market:

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