Published on March 18, 2014

Asia Pacific is the largest market for dyes and pigments worldwide, colorant industry is valued at USD27 billion and India accountes for 12 percent of colorant industry.

There are two types of colorants dyes and pigments. Dyes are soluble substance used in the textile and leather. Pigments are insoluble substances and their major end use industries are paints and inks. Pigments are divided into 2 types: organic and inorganic.

Inorganic pigments are expected to be the largest revenue and volume segment in the dyes and pigment market over the next few years. Organic pigments are likely to reveal the largest growth in future.
Dyes and pigments have a large number of applications. Currently some of the dyes and pigments markets rising preferences is towards eco-friendly products. Augmentation in end-user preference for environmentally friendly products is anticipated to impel growth of the dyes and pigments market in the near future.

At present industry is moving with a moderate level and market players expect that increasing demand for innovative high performance dyes and pigments is expected to open new growth windows for industry participants in the next fiscal. With swiftly mounting manufacturing bases, manufacturers are expected to experience highest consumption during the next two years.

According to industry analysts, the global synthetic dyes and pigments sector is anticipated to attain 10 million tons by 2017. Colorants consumption will rise at a CAGR of 3.6% and reach 11 million metric tons by 2018.