Dyes & Pigments Market worth 42.00 Billion USD by 2021

[206 Pages Report] Dyes & Pigments Market research report categorizes the global market by Application (Paints & Coatings, Plastics, Construction, Textile, Leather, Paper), by Type (Dyes (Vat, Acid, Reactive, Disperse), Pigments (Organic, Titanium Dioxide

(EMAILWIRE.COM, November 16, 2018 ) According to the new market research report “Dyes & Pigments Market by Type (Dyes (Reactive, Disperse, Vat, Acid), Pigments (Titanium Dioxide, Inorganic, Organic)), Application (Textile, Leather, Paper, Paints & Coatings, Plastics, Construction) - Global Forecast to 2021”, published by MarketsandMarkets™, the global dyes & pigments market was valued at 30.92 billion in 2015 and is projected to reach 42.00 billion by 2021, at a CAGR of 5.0% from 2016 to 2021.

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Increasing per capita consumption of dyes & pigments in emerging economies and rising demand for dyes & pigments from varied end-use industries have led to the growth of the global dyes & pigments market.

The acid dyes and organic pigments subsegments of the type segment of the global dyes & pigments market are projected to grow at the highest CAGRs between 2016 and 2021.

On the basis of type, the global dyes & pigments market has been segmented into dyes and pigments. The dyes type segment has been classified into reactive dyes, disperse dyes, VAT dyes, direct dyes, acid dyes, and others. The acid dyes subsegment of the type segment of the global dyes & pigments market is projected to grow at the highest CAGR from 2016 to 2021. Increasing use of acid dyes in textile, leather, paper, and plastic applications is due to ease of application, good leveling, and light fastening properties offered by them. The pigments type segment of the global dyes & pigments market has been classified into titanium dioxide, inorganic pigments, and organic pigments. The organic pigments subsegment of the type segment of the global dyes & pigments is projected to grow at the highest CAGR between 2016 and 2021. This growth can be attributed to the increasing demand of organic pigments for printing ink and coating applications.

Browse and in-depth TOC on “Dyes & Pigments Market”
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Growing electrical & electronic industry in the emerging regions to drive the halogen-free flame retardants market

The electrical & electronic industry is leading the halogen-free flame retardants market. This is due to the rapid growth of the automotive, construction, textiles, and electrical & electronics industries in the Asia-Pacific region. The increasing demand of automobiles can be attributed to the increased government regulations to abide strictly by the norms to attain fire safety in their products. With the innovative approach toward using technology as the key parameter, the market of halogen-free flame retardants is going to rise further.

North America to be the largest market during the forecast period

The halogen-free flame retardants market is broadly segmented into six regions, namely, Asia-Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America. North America is the largest market for halogen-free flame retardants, followed by Western Europe. Asia-Pacific is projected to be the fastest-growing market during the forecast period. Growing industrialization has offered enormous opportunity for the various manufacturing industries to use halogen-free flame retardants in the Middle East & Africa. Moreover, the increasing inclination to synergist compounds as flame retardants is gaining momentum

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BASF SE (Germany), Clariant AG (Switzerland), Atul Limited (India), Sudharshan Chemical Industries Limited (India), DIC Corporation (Japan), Huntsman Corporation (U.S.), Kiri Industries Ltd. (India), Kronos Worldwide, Inc. (U.S.), Lanxess AG (Germany), Tronox Limited (U.S.), among others are the key players operating in the global dyes & pigments market.