Dyes, Pigments, Paints, and Coatings Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

 

Textile and automobile sectors both utilise a lot of dyes and pigments. The need for dyes and pigments is likely to rise as the automobile and textile sectors expand. The Dyes, Pigments, Paints, and Coatings Market is predicted to grow at a rapid pace in Asia Pacific. One of the primary reasons contributing to the region's market growth is the rapidly increasing textile sector in emerging economies such as India and China. According to the India Brand Equity Foundation (IBEF), India's textile industry employed over 40 million people and exported textile items worth US$ 40 billion in fiscal year 2015-16. As a result, the Dyes, Pigments, Paints, and Coatings Market in the region has seen increased expansion.

Colorants such as dyes and pigments are widely utilised in the printing, textile, and automotive sectors. Dyes are ionising and aromatic molecules that have a strong affinity for the surface to which they are applied. To change the hue of dyes, colour modifiers such as methyl and ethyl groups are utilised. Dyes are utilised as colourants in the biotechnology industry, as well as in numerous polymers and textile dyeing applications. Dyes come in granules, liquids, pastes, pellets, dry powders, and chips, and are used for a variety of ornamental, aesthetic, and artistic objectives.

Pigment is an insoluble powdered substance that can be organic or inorganic. Pigments have excellent baking stability, excellent solvent resistance, are easily dispersible, have a high tinting strength, and consistently unique hues. Paints that are used for ornamental and protective coatings also contain pigments. Polyvinyl chloride (PVC), acrylonitrile-butadiene-styrene resins (ABS), urea-formaldehyde (U-F), nylons, and rubber are all coloured with these compounds.

The market for dyes and pigments is predicted to increase throughout the forecast period, owing to the rising use of dyes and pigments in various sectors such as chemicals, textiles, and automotive.