Global Dyes and Pigments Market 2019-2023
About this market
The growing demand for high-performance pigments to drive growth in the market. The high-performance pigments offer exceptional durability, high resistance to light and heat, higher pigment concentration, better colorfastness, and longer life. Technavio’s analysts have predicted that the dyes and pigments market will register a CAGR of over 4% by 2023.
Growing demand for paints and coatings
The dyes and pigments are the key additives used in paints, coatings, sealants, and varnishes to provide an aesthetic appeal; these products are widely used in automotive, aviation, and construction industries.
One of the key challenges faced by the buyers in the global dyes and pigments market is the difficulty in assessing the suppliers’ capability to ensure on-time delivery of the product.
For the detailed list of factors that will drive and challenge the growth of the dyes and pigments market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including ALTANA and BASF the competitive environment is quite intense. Factors such as the growing demand for high-performance pigments and growing demand for paints and coatings, will provide considerable growth opportunities to dyes and pigments manufactures. ALTANA, BASF, Clariant, DowDuPont, Huntsman International, and LANXESS are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Dyes and Pigments Market 2019-2023
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing demand for high-performance pigments.”
According to the report, one of the major drivers for this market is the growing demand for paints and coatings.
Further, the report states that one of the major factors hindering the growth of this market is the procurement challenges.
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