Dyes and Pigments Industry Booming with Growing Disposable Income

To give a material color, ingredients like dyes and pigments are utilized. Both dyes (also known as dyestuffs) and pigments are frequently referred to as colorants. Particle size is a key distinction between colors and pigments. Pigments are significantly coarser than dyes.

As per P&S Intelligence, the dyes and pigments market is predicted to reach USD 57,946.67 million by 2030. This may be ascribed to factors including increasing disposable income, expanding construction activity, flourishing end-use sectors like the packaging, paints & coatings, automotive, and textile industries, an increase in government efforts for the textile sector, and growing public awareness of organic dyes and pigments.

To learn more about this report: https://bit.ly/3DdARLU

The worldwide market for dyes and pigments is being driven by the expansion of sectors including paints & coatings, construction, printing, plastics, automotive, packaging, and cosmetics & personal care. Consumers can pay more for private care products because of rising disposable income.

Moreover, the demand for such items has been largely driven by advertising, media exposure, and promotional offers, which has in turn increased the use of colorants. Additionally, the availability of foreign brands and the speedy urbanization drive up the market size.

Technology Advances Fuel the Market

The growing numbers of innovative technologies are being used in the dyes and pigments sector to help producers enhance the properties of the finished goods. For instance, by mixing silver, copper, and gold, the new ultra-thin-pigment technology delivers new color shades, such as GoldenShine, GoldenWhite, and CopperGlow, providing the product color saturation. Currently, printing inks, polymers, and coatings can all reproduce these hues.

Additionally, technologies that spread fewer pollutants are being used with consideration for environmental safety. The NESHAP, for instance, has created the standards to regulate the use of VOCs, and as a result, automotive paint producers are migrating from solvent-borne tech to powder and water-borne coating technologies.