Furfural Market - Global Industry Insights, Trends, Outlook, Opportunity Analysis, 2024

Increasing inclination of the populace towards renewable energy to replace fossil resources is a major factor driving growth of the furfural market.

Dyes and pigments are colorants which are extensively used in printing, textile and automotive industry. Dyes are ionizing and aromatic compounds used as colorants, which show affinity towards the surface they are applied to. Color modifiers such as methyl and ethyl groups are used to alter the color of dyes. Dyes are used as colorants for various polymers, textile dyeing industries and also in biotechnology industry. Dyes are also used by industries for inks and tinting. Dyes are available in various forms such as granules, liquids, pastes, pellets, dry powders and chips.

Pigment is organic or inorganic powdered solid which is insoluble. Pigments offer excellent characteristics such as good baking stability, excellent solvent resistance, easily dispersible nature, high tinting strength, and offer consistent unique shades. Pigments are used in paints that are for decorative and protective coatings. These are also used in coloration various plastics such as poly vinyl chloride(PVC), acrylonitrile-butadiene-styrene resins (ABS), urea-formaldehyde(U-F), rubber, synthetic polymers and melamine-formaldehyde molding powders, nylons, polyfins, phenol-formaldehyde(P-F).

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Dyes and Pigments Market Taxonomy

On the basis of type of dyes, the global market is classified into:

Acid dyes

VAT dyes

Disperse dyes

Reactive dyes

Direct dyes

On the basis of pigments, the global market is classified into:

Organic pigments

Inorganic pigments

Titanium dioxide pigments

On the basis of type of end use industry, the global market is classified into:

Automotive

Construction

Chemicals

Textile

Leather

Paper

Paints & Coatings

Reactive dyes are specialty dyes of highly colored organic substances, which have primary application in tinting of textiles. Due to reactive nature these dyes tend to attach themselves to the fabric surface by a chemical reaction, thus forming a covalent bond between the molecule of dye and fiber. Acid dyes exhibit characteristics such as anionic nature and are suitable for wool, modified acrylics polyamide, and silk. Acid dyes combine with the fiber through hydrogen bonds, vander Waals forces or through ionic linkages. Titanium dyes are used in industrial paints, printing inks, powder coatings, construction industry rubber, gloss tinting bases, enamels, paints and coatings and in various plastics applications. This mainly attributed to the properties such as low oil absorption, excellent tint strength.

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Dyes and Pigments Market Outlook �" Growth of Textile Industry Expected to Amplify Demand

Extensive use in the textile and automotive industries is one of the major factors contributing to the growth of the market. Asia Pacific is expected to be a major contributor in the dyes and pigments market. Rapidly growing textile industry in the developing countries such as India and China is one of the major factors contributing to the growth of the market in the region. According to India Brand Equity Foundation (IBEF), during FY 2015-16 the textile industry in India employed approximately 40 million workers and exported textile products worth US$ 40 Bn. This has augmented the growth of dyes and pigments market in the region.

Increasing regulatory restrictions on production of dyes and pigments is expected to be one of the restraining factors in the dyes and pigments market. United States Environmental Protection Agency has implemented regulations, which list down potential effects of waste generated from the production of azo, triarylmethane, and anthraquinone dye and pigment product classes. Expanding production and distribution and research on improving properties of ecofriendly colorants are some of the key strategies adopted by the top players in the global dyes and pigments industry. These dyes and pigments are usually used for coloring textiles, paper, plastics, leather, inks, paints/coatings, food, drugs, and cosmetics. Some of the major companies operating in the dyes and pigments market are Clariant AG , BASF SE, DIC Corporation Kiri Industries Ltd., Atul Limited , Sudharshan Chemical Industries Limited , Huntsman Corporation, Kronos Worldwide, Inc., Lanxess AG , and Tronox Limited.

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