Dyes and pigments are substances used for coloring and are insoluble in water. The important consumer industries of pigments are paints and coatings, fabrics, food and metals, stones, etc. Pigments are generally produced as dry tints and grounded into fine powder. As pigments are insoluble in water, a number of individual procedures are needed for printing and dyeing.
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Some of the important pigments used are fluorubine, dioxazine, pyrocoline, perinone, etc. Robust demand for dyes and pigments from their consumer industries, like construction, paints and coatings, etc has been propelling demand for the dyes and pigments market in the last few years. Additionally, rising inclination of clients towards eco-friendly products is estimated to drive the market further.
Escalating demand for advanced dyes and pigments that deliver high performance is predicted to open development opportunities for the participants of this market. The worldwide dyes and pigments market is anticipated to achieve around 11 million metric tons by 2018. It is predicted to augment at about 4 percent CAGR during the forecast phase.
Asia Pacific is estimated to witness maximum utilization of dyes and pigments in the future. It owes to the flourishing markets and swiftly developing production bases in the region. The primary factors that propel the dyes and pigments market are flow in demand for pigments that deliver high performance. Dyes and pigments find uses in printing inks. Therefore, increased demand for printing inks is responsible for boosting the dyes and pigments market.
The growing demand for printing inks owes to innovations in machineries and escalating demand for digital inks. Ecological apprehensions and volatility in the costs of raw materials are projected to slow down the dyes and pigments market.
Information Source: Radiant Insights