Asia-Pacific Dyes & Pigments Market Size, Share and Forecast 2021-2027
The Asia-Pacific dyes and pigment market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2021-2027). The Indian government considers the chemical industry as a key growth driver, with the chemical sector expected to account for 25% of the manufacturing sector's GDP by 2025. Therefore this factor is influencing the Indian government to take initiatives to promote the country’s chemical industry. For instance, according to the India Brand Equity Foundation in October 2020, the Indian government urged agrochemical industry players to develop new molecules of international standards for farmers' benefit, while CropLife India, the industry body, proposed stable policies and regulatory regimes to boost sector growth. Additionally, in the Union Budget 2021-22, the Indian government contributed Rs. 233.14 crore (US$ 32.2 million) to the Department of Chemicals and Petrochemicals.
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Rising acquisitions,
product approval, collaborations among the major players in the market also
propel the growth of the market. For instance, in March 2019, Bodal Chemicals
Ltd announced that it has completed its expansion of manufacturing facilities
by 6,000 Metric Tons Per Annum (MTPA) of Dyestuff plants. After the expansion,
the company's net capacity of Dyestuff plants, excluding Liquid Dyestuff, is
35,000 MTPA. Furthermore, the company has completed a facility for the
production of Thionyl Chloride (TC) Plant with a capacity of 36000 MTPA. In
addition to that, production has begun at the company's unit VII, which is
located in Vadodara, Gujarat.
Market
Coverage
·
The
market number available for – 2020-2027
·
Base
year- 2020
·
Forecast
period- 2021-2027
Segment Covered-
·
By Type
·
By
Application
·
Competitive
Landscape- Merck KGaA, BASF SE, Sudarshan Chemical Industries Ltd., Tata
Pigments Ltd.
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full Report of Asia-Pacific Dyes & Pigments Market is
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Key questions
addressed by the report
·
What is
the market growth rate?
·
Which
segment and region dominate the market in the base year?
·
Which
segment and region will project the fastest growth in the market?
·
How
COVID-19 impacted the market?
Ø
Deviation
from the pre-COVID-19 forecast
Ø
Most
affected region and segment
·
Who is
the leader in the market?
·
How
players are addressing challenges to sustain growth?
·
Where
is the investment opportunity?
Asia-Pacific Dyes
and Pigments Market Report Segment
By Type
·
Dyes
·
Reactive
dyes
·
Disperse
dyes
·
Acid
dyes
·
Others
(Vat, Direct)
·
Pigments
·
Titanium
dioxide
·
Inorganic
pigments
·
Organic
pigments
By
Application
·
Textile
·
Paints
& coatings
·
Plastics
·
Leather
·
Construction
·
Others
(Paper, Printing ink)
Asia-Pacific Dyes & Pigments Market Report Segment by Region
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
Rest of APAC
Company
Profiles
·
Neelikon
Food Dyes & Chemicals Limited
·
Sudarshan
Chemical Industries Ltd.
·
Atul
Ltd.
·
Cabot
Corp.
·
E.I.
Dupont De Nemours & Co.
·
Kiri
Industries Ltd.
·
Meghmani
Organics Ltd
·
National
Industrialization Co
·
Tata
Pigments Ltd
·
Bodal
Chemicals Ltd.
·
Koel
Colours Pvt. Ltd.
·
Tinting
Systems Co.
·
Choksi
Colours Pvt. Ltd.
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