Market Overview:
The global synthetic pigments market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for synthetic pigments in various applications, such as plastics, paints and coatings, inks, textile industry, and others. In addition, the growing awareness about environmental concerns is also propelling the demand for synthetic pigments over natural pigments. Based on type, organic pigment accounted for a major share of the global synthetic pigments market in 2017. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its properties such as lightfastness and weatherfastness.
Product Definition:
A synthetic pigment is a manufactured chemical compound that is used to add color to a material. They are often made from organic and inorganic materials, and can be divided into two categories: natural and artificial. Natural pigments are derived from plants or animals, while artificial pigments are created in a laboratory. Synthetic pigments have several advantages over their natural counterparts: they are more consistent in color, they can be produced in any hue, and they do not fade over time. They are also less expensive to produce, which makes them popular for use in mass-produced items.
Organic Pigment:
Organic pigments are natural or synthetic colorants that are added to inks and paints to give them a specific color. They can be sourced from minerals, plants, animals or bacteria. Organic pigments have been around for thousands of years; however their usage was limited to only the most expensive inks and paints until recently when they started becoming available as mass-market products due to technological advancements.
Inorganic Pigment:
Inorganic pigment is a type of synthetic colorant that contains no organic group. In other words, it is not derived from plant or animal sources. The inorganic pigments are manufactured by combining different metals and alloys with acids and bases to form colored compounds.
Application Insights:
The textile industry is anticipated to emerge as the fastest-growing application segment over the forecast period owing to increasing demand for synthetic dyes worldwide. The growing textile industry in emerging economies such as China, India, and Brazil is expected to be a major factor driving product demand in this segment. In addition, strong growth of fashion industries across various regions coupled with rising consumer disposable income levels has created a huge potential for the textiles market which will further fuel product demand.
Paints and coatings emerged as the second largest application segment due to increasing construction activities globally. Increasing use of architectural paints along with decorative paints used on wood surfaces are also expected to contribute towards significant growth over the next eight years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for more than 35% of global production and consumption of synthetic pigments. Rapid growth in end-use industries such as plastics, paints & coatings, and textile coupled with increasing foreign investments is anticipated to drive industry expansion over the coming years.
Europe accounted for a significant share of global market revenue owing to high demand from automotive manufacturers for tinting vehicles yellow or orange colors using synthetic dyes rather than mineral based ones which are expensive. In addition, growing use of black colorants in printing ink manufacturing is expected to further propel product demand across this region during the forecast period.
Growth Factors:
- Increasing demand for color cosmetics and personal care products
- Rising demand from the automotive industry
- Growing popularity of synthetic pigments in food and beverage applications
- Proliferation of digital printing technology
- Increasing investments in R&D by pigment manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Pigments Market Research Report
By Type
Organic Pigment, Inorganic Pigment
By Application
Plastic, Paints and Coatings, Inks, Textile Industry, Others
By Companies
DyStar, Huntsman, Archroma, KIRI, Lonsen, Runtu, Jihua, Yide, Transfer, Chuyuan, DyStar, Hongqiao, Wanfeng, Dikai, Anoky, Yabang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Pigments Market Report Segments:
The global Synthetic Pigments market is segmented on the basis of:
Types
Organic Pigment, Inorganic Pigment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Plastic, Paints and Coatings, Inks, Textile Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DyStar
- Huntsman
- Archroma
- KIRI
- Lonsen
- Runtu
- Jihua
- Yide
- Transfer
- Chuyuan
- DyStar
- Hongqiao
- Wanfeng
- Dikai
- Anoky
- Yabang
Highlights of The Synthetic Pigments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic Pigment
- Inorganic Pigment
- By Application:
- Plastic
- Paints and Coatings
- Inks
- Textile Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Synthetic Pigments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Synthetic pigments are man-made substances that are used to color materials. They can be made from a variety of different chemicals, and they often have different properties than natural pigments. For example, synthetic pigments can be more light-fast than natural pigments, which means they will not fade as quickly in the presence of sunlight or other elements.
Some of the key players operating in the synthetic pigments market are DyStar, Huntsman, Archroma, KIRI, Lonsen, Runtu, Jihua, Yide, Transfer, Chuyuan, DyStar, Hongqiao, Wanfeng, Dikai, Anoky, Yabang.
The synthetic pigments market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synthetic Pigments Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Synthetic Pigments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthetic Pigments Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Synthetic Pigments Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Synthetic Pigments Market Size & Forecast, 2018-2028
4.5.1 Synthetic Pigments Market Size and Y-o-Y Growth
4.5.2 Synthetic Pigments Market Absolute $ Opportunity
Chapter 5 Global Synthetic Pigments Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Synthetic Pigments Market Size Forecast by Type
5.2.1 Organic Pigment
5.2.2 Inorganic Pigment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Synthetic Pigments Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Synthetic Pigments Market Size Forecast by Applications
6.2.1 Plastic
6.2.2 Paints and Coatings
6.2.3 Inks
6.2.4 Textile Industry
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synthetic Pigments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Synthetic Pigments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Synthetic Pigments Analysis and Forecast
9.1 Introduction
9.2 North America Synthetic Pigments Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Synthetic Pigments Market Size Forecast by Type
9.6.1 Organic Pigment
9.6.2 Inorganic Pigment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Synthetic Pigments Market Size Forecast by Applications
9.10.1 Plastic
9.10.2 Paints and Coatings
9.10.3 Inks
9.10.4 Textile Industry
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Synthetic Pigments Analysis and Forecast
10.1 Introduction
10.2 Europe Synthetic Pigments Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Synthetic Pigments Market Size Forecast by Type
10.6.1 Organic Pigment
10.6.2 Inorganic Pigment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Synthetic Pigments Market Size Forecast by Applications
10.10.1 Plastic
10.10.2 Paints and Coatings
10.10.3 Inks
10.10.4 Textile Industry
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Synthetic Pigments Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Synthetic Pigments Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Synthetic Pigments Market Size Forecast by Type
11.6.1 Organic Pigment
11.6.2 Inorganic Pigment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Synthetic Pigments Market Size Forecast by Applications
11.10.1 Plastic
11.10.2 Paints and Coatings
11.10.3 Inks
11.10.4 Textile Industry
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Synthetic Pigments Analysis and Forecast
12.1 Introduction
12.2 Latin America Synthetic Pigments Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Synthetic Pigments Market Size Forecast by Type
12.6.1 Organic Pigment
12.6.2 Inorganic Pigment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Synthetic Pigments Market Size Forecast by Applications
12.10.1 Plastic
12.10.2 Paints and Coatings
12.10.3 Inks
12.10.4 Textile Industry
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Synthetic Pigments Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Synthetic Pigments Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Synthetic Pigments Market Size Forecast by Type
13.6.1 Organic Pigment
13.6.2 Inorganic Pigment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Synthetic Pigments Market Size Forecast by Applications
13.10.1 Plastic
13.10.2 Paints and Coatings
13.10.3 Inks
13.10.4 Textile Industry
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Synthetic Pigments Market: Competitive Dashboard
14.2 Global Synthetic Pigments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DyStar
14.3.2 Huntsman
14.3.3 Archroma
14.3.4 KIRI
14.3.5 Lonsen
14.3.6 Runtu
14.3.7 Jihua
14.3.8 Yide
14.3.9 Transfer
14.3.10 Chuyuan
14.3.11 DyStar
14.3.12 Hongqiao
14.3.13 Wanfeng
14.3.14 Dikai
14.3.15 Anoky
14.3.16 Yabang
