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Pigments and dyes market to be worth $24.2 billion

Press Release   •   Jul 09, 2012 14:22 BST

The pigments and dyes market has been predicted to be worth a total value of $24.2 billion and reach production levels of 9 million tons by 2015.

The rise in the pigments and dyes market is set to be fuelled by strict and increasingly rigorous quality, performance, and environmental standards.

Furthermore, a rising consumer preference for environment friendly products, which in turn would drive consumption of higher performance dyes and organic pigments, is expected to drive future growth in the pigments and dyes market.

Having suffered a brief decline in volume throughout 2008 and 2009, which was a result of the global economic slump, the pigments and dyes market appears to have a bright future.

Asia-Pacific constitutes the largest region within the pigments and dyes market, trailed by Europe, while the US represents the next largest regional market. Growth in Asia-Pacific is set to be strong in terms of volume as well as value, with the region also representing the fastest growing segment within the pigments and dyes market.

Growth within the pigments and dyes market throughout more mature markets such as North America, Western Europe, and Japan does not mirror that of Asia-Pacific. Market growth looks set to remain slow-moving with other markets, such as plastics, paints and coatings, as well as printing inks expected to display faster growth.

For more information on the pigments and dyes market, see the latest research: Pigments and Dyes Market Report

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