There has been an increasing migration
of manufacturing capacities from the West to low-cost countries in the
Asia-Pacific region. This is driven mainly by stringent environmental
compliance issues in Europe and North America. Gradually maturing production
technologies and the presence of strong downstream customer bases within countries
such as China and India have been propelling demand for pigments in these
countries in recent years. Examples of companies that have moved their manufacturing facilities
to the Asian region are Huntsman Corp, DyStar and Clariant.
THE
BUSINESS RESEARCH COMPANY EXPECTS THE SYNTHETIC DYE AND PIGMENT GLOBAL MARKET TO GROW TO $62 BILLION BY 2021
Western Europe was the largest
region in the synthetic dye and pigment market in 2017, accounting for one-third
of the market share.
Read report: https://www.thebusinessresearchcompany.com/report/synthetic-dye-and-pigment-global-market-report-2018
According to The Business Research Company’s Consultant, Nitin
Gianchandani, many textile companies are starting to opt for eco-friendly dyes
for producing textiles and fabrics. They are not using harmful dyes while
processing and dyeing the fibres into fabrics as they are cause extensive
damage to the environment and they are also known to cause skin allergies and
respiratory diseases. Due to the positive environmental characteristics and low
toxicity of eco-friendly dyes, many companies are moving toward eco-friendly organic
dyes, though they remain highly priced in comparison to inorganic dyes.
BASF SE was the largest player in the synthetic dye and pigment market
in 2017 with revenues of $5 billion in 2016. BASF’s growth strategy involves
expanding its footprints in Asia Pacific – Korea, South Asia, Japan, ASEAN,
ANZ, Greater China and others, to increase the production network and to increase
sales faster than the Asian chemical production.
Dye is a colored substance that has an affinity to the substrate to which it is being applied. Dyes are
applied in an aqueous solution
and may require a mordant to improve their fastness on the
fiber. Pigments are substances that impart black, white or a color to
other materials, especially in a powdered substance that is mixed with a
liquid in which it is relatively insoluble and are used specially to impart
color to coating materials (as paints) or to inks, plastics and rubber. Chlorophyll,
Carotenoid, Phycobilin and Melanin
are some pigments. This industry also includes food coloring manufacturing.
Synthetic Dye And Pigment Global Market Report 2018 is a detailed report giving a unique insight
into this market. The report is priced at $4000 for an individual user. To use
across your office, the price is $6000 and $8000 if you wish to use across a
multinational company.
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