Dyes and Pigments Market Size Worth $57.2 Billion by 2030

Grand View Research, Inc.

SAN FRANCISCO, May 25, 2022 /PRNewswire/ -- The global dyes & pigments market size is expected to reach USD 57.2 billion by 2030, registering a CAGR of 5.2% during the forecast period, from 2022 to 2030 according to a new report by Grand View Research, Inc. Dyes & pigments market is projected to witness substantial growth in the consumption, on account of a high application scope coupled with increasing demand from textile and paints & coatings application.

Key Insights & Findings from the report:

• Asia Pacific dyes & pigments market was valued at USD 22.9 billion in 2021 and is estimated to grow at a CAGR of 5.9% from 2022 to 2030. Increasing demand from end-use industries including textiles, paper, paints & coatings, construction, and printing inks among others are expected to drive the market growth in the region.
• Dyes are expected to be the fastest-growing product segment of the global dyes & pigments market during the forecast period.
• The paints & coatings application segment accounted for the largest market share in the pigments market with more than 36.0% in 2021 and is estimated to maintain its dominance during  the forecast period owing to the unceasing demand from a number of end-use industries like automotive, marine, and other industries textiles application segment dominated the dyes market in 2021 with more than 62.0% market share and is expected to continue its dominance throughout the forecast period from 2022 to 2030.

Request a free sample copy or view report summary, "Dyes & Pigments Market Size, Share & Trends Analysis Report By Product (Dyes, Pigments), By Application, By Regions, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Dyes & Pigments Market Growth & Trends

The product demand in Asia Pacific is expected to expand at the fastest CAGR, during the forecast period. The growing construction industry coupled with rapid industrialization and urbanization, increasing disposable income of the middle-class families in emerging economies of the region is likely to be the primary driving factor in the coming years. Moreover, strong government support & initiatives along with increasing investment by the government are the factors propelling the growth of the construction industry within the region, which in turn is anticipated to fuel demand for the product in the Asia Pacific.