Dyes are coloring materials that are applied as solutions and are absorbed by textiles, wood, food and other materials used for decorative purposes. Pigments are substances that impart color to coating materials, plastics and rubber.
 
The market is mainly driven by the demand for coloring needs of a range of end-use industries like coatings, plastics, printing inks and paper. Also, the increase in demand for high-quality performance and environmental standards is propelling the consumers to prefer environmental-friendly products that would drive the market for high-performance dyes and organic pigments. However, fluctuation in the prices of raw materials, used in the preparation of dyes and pigments, would act as a roadblock to this industry, and environmental regulations will affect the market for dyes and pigments that are not organic and environmental-friendly.
 
The global dyes and pigment market, by the end-user industry, can be divided into textile, leather, paint, coatings, plastic and printing ink.
 
Textile segment occupies a major share of the dye market and paints & coating segment occupies a major share in the pigment market. Specialty pigments and environmental-friendly products are expected to boost the demand for dyes and pigments, and regarding volume, inorganic pigments occupy a major share in the dyes and pigments market. Although organic pigments provide more value to the consumer, their high-price is a concern which can affect their market share.
 
The Asia-Pacific dyes & pigments market is projected to grow at the highest CAGR between 2016 and 2021. It is due to the growth in production technology, growing manufacturing industry, operational costs, coupled with increasing disposable incomes. Europe follows Asia-Pacific, and the Americas occupy the third position in the dye and pigments market.