Asia Pacific Dyes And Pigments Market Size & Outlook
Asia Pacific dyes and pigments market, 2018-2030 (US$M)
Related Markets
Asia Pacific dyes and pigments market highlights
- The Asia Pacific dyes and pigments market generated a revenue of USD 25,592.5 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, dyes was the largest revenue generating product in 2023.
- Dyes is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 25,592.5 million |
| Market revenue in 2030 | USD 38,598.2 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Dyes |
| Fastest growing segment | Dyes |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dyes, Pigments |
| Key market players worldwide | Basf SE, Clariant AG, DIC Corp, Huntsman Corp, Kronos Worldwide Inc, Lanxess AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 63.8% of the global dyes and pigments market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 38,598.2 million by 2030.
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Dyes And Pigments Market Scope
Dyes And Pigments Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific dyes and pigments market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dyes and pigments market will help companies and investors design strategic landscapes.
Dyes was the largest segment with a revenue share of 69.2% in 2023. Horizon Databook has segmented the Asia Pacific dyes and pigments market based on dyes, pigments covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for dyes & pigments is growing in Asia Pacific on account of growth in the end-use industries. The dyes & pigments market faces strict regulations that obstructs their production and usage in North America and Europe. Thus, the production facilities are being shifted in Asia Pacific owing to favorable manufacturing conditions and leniency in regulations.
This is supported by availability of raw materials, cheap labor, and skilled manpower. For instance, key players in the global market such as BASF and Clariant have shifted their operations in European countries to China, India, and South Korea through greenfield expansion, owing to strict regulations and competion from low cost Asian players.
For example, Clariant had opened facilities for pigments business in Malaysia. Also, the company had entered into a joint venture with China-based Jiangsu Multicolor Fine Chemical Co, Ltd, supplier of high performance pigments.
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Target buyers of Asia Pacific dyes and pigments market databook
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Our clientele includes a mix of dyes and pigments market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific dyes and pigments market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific dyes and pigments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific dyes and pigments market size, by country, 2018-2030 (US$M)
Asia Pacific Dyes And Pigments Market Outlook Share, 2023 & 2030 (US$M)
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