The synthetic Dyes and Pigments Market includes sales of synthetic dyes and pigments by businesses that make synthetic organic and inorganic dyes and pigments, such as lakes and toners (organisations, sole traders, or partnerships) (except electrostatic and photographic). This market includes both natural and synthetic colours derived from minerals. This market also includes artificial food colouring. Synthetic dyes and pigments are used in the production of nearly all industrial products, as well as paints, varnishes, and inks.
Textile and automobile sectors both utilise a lot of dyes and pigments. The need for dyes and pigments is likely to rise as the automobile and textile sectors expand. The Dyes and Pigments market is predicted to grow at a rapid pace in Asia Pacific. One of the primary reasons contributing to the region's market growth is the rapidly increasing textile sector in emerging economies such as India and China. According to the India Brand Equity Foundation (IBEF), India's textile industry employed over 40 million people and exported textile items worth US$ 40 billion in fiscal year 2015-16. As a result, the Dyes and Pigments Market in the region has seen increased expansion.
Coloring agents include dyes and pigments. Water-soluble dyes rely on physical and/or chemical processes to impart their colour. Pigments are colour particles that are insoluble in water, oils, and resins; to impart or spread their colour, they require a binder or must be suspended in a dispersing agent.Pigments are used to colour cosmetics, inks, paints, and plastics, whereas dyes are used to colour paper, textiles, leather, and other materials.
Top players in the worldwide dyes and pigments sector are focusing on expanding production, distribution, and research to improve the qualities of environmentally friendly colourants. Textiles, paper, plastics, leather, inks, paints/coatings, food, pharmaceuticals, and cosmetics are all common uses for these dyes and pigments.
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 are some of the key players in the Dyes and pigments Market.