The global dyes & pigments market is expected to reach USD 46.4 billion by 2025, growing at a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Dyes & pigments are expected to witness significant growth in the consumption on account of high application scope coupled with increasing demand from printing inks application.
Increasing demand in Asia Pacific region from various applications such as textiles, construction, and plastics is anticipated to drive the market. Increasing consumers’ willingness to spend, industrialization, and rapid economic growth is anticipated to further propel the growth across the region.
Fast growing digital printing market is anticipated to provide a positive scope for printing inks industry, thereby driving the growth over the forecast period. Increasing food and beverage consumption is anticipated to drive the product demand further.
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U.S. dye market revenue, by product, 2014 – 2025 (USD Billion)
Further key findings from the study suggest:
Global pigments market revenue, by application, 2016 (%)
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Grand View Research has segmented the global dyes & pigments market on the basis of product, application, and region:
Product Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 – 2025)
Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 – 2025)
Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2014 – 2025)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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