The global synthetic dye and
pigment market, a part of the chemicals industry, grew at a compound annual
growth rate (CAGR) of around 2%, during the historic period, interest rates in
most developed countries were very low. This created a flow of cheap money for
investment, both in developed and developing economies. It also encouraged
borrowing and discouraged saving in advanced markets, helping to drive spending
In the forecast period, the global
synthetic dye and pigment market size is expected to be over $60 billion by
2021, growing at a CAGR of nearly 3%. The global economy is expected to go
through a continuous period of steady growth during the forecast period. The US
economy was already showing strong growth in 2017, and this is likely to
continue during the forecast period. Furthermore, rising population, increase
in dispensable income, and increasing per capita incomes are expected to drive
the global synthetic dye and pigment market in the future.
Find TBRC’s report on the synthetic dye and pigment market: https://www.thebusinessresearchcompany.com/report/synthetic-dye-and-pigment-global-market-report-2018
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
Major companies in the synthetic dye and pigment market, offering
new technology include BASF SE, Clariant International Ltd , Flint Group ,
Huntsman Corporation , Dic Corp.
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