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Dyes & Pigment Market size was valued at USD 36.26 billion in 2019 and is poised to grow from USD 38.2 billion in 2023 to USD 57.8 billion by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

GThe Dyes & Pigment market is fairly fragmented with the presence of several big players such as Toyo Ink SC Holdings Co., Kemira Oyj, Ishihara Corporationin nature due to the presence of various regional and international players. Major payers are primarily focusing on the development, innovation, and efficiency of products to provide various benefits related to productproducts. Increasing R&D investments is another strategy opting opted by key players to strengthen their market position. 'BASF SE', 'Clariant AG', 'Huntsman Corporation', 'DIC Corporation', 'Cabot Corporation', 'Kronos Worldwide, Inc.', 'Lanxess AG', 'Heubach GmbH', 'Sudarshan Chemical Industries Ltd.', 'The Chemours Company', 'Sun Chemical Corporation', 'Ferro Corporation', 'Cathay Industries Group', 'Tronox Limited', 'Meghmani Pigments', 'Atul Ltd.', 'Kiri Industries Ltd.', 'Archroma', 'Synthesia, a.s.', 'Dystar Group.'

Both dyes and pigments are chemicals that are utilized in the process of imparting colour to a material. It is probable that the expansion of the coatings and paints industry will be fueled by the growing demand for the product in the sector.

China, Japan, India, and the United States control the worldwide textile market. China was the world's top manufacturer and exporter of textile garments. China's its textile exports increased by almost 3 percent, and it led the world in textile production, accounting for nearly a quarter of the worldwide textile sector.

Globally, The dyes and pigments market is expected to be dominated by Asia Pacific. The market in the Asia Pacific area is predicted to grow favourably over the next years, reaching a value of USD 15.91 billion in 2021. Additionally, the expansion of the textile industry in the area can help the market develop. Additionally, the expansion of the textile industry in the area can help the market develop.

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Global Dyes & Pigment Market

Product ID: SQMIG15A2263