The new research report released by QY Research, titled “Europe Synthetic Dye and Pigment Market Insights, Forecast to 2025,” examines the detailed mapping of the market by analyzing the breakdown of the market into various segments such as applications and by type. The report also considers the annual revenue for each and every section of the market and evaluates the dynamics driving the market.
The analysts at QY Research predicts the Europe synthetic dye and pigment market to reach US$1534.95 mn by 2025 from US$1329.28 mn in 2018. The market is estimated to register a sluggish CAGR of 1.88% between 2019 and 2025.
Europe Synthetic Dye and Pigment Market: Trends and Opportunities
The market will be witnessing significant growth due to growing demand from various applications such as plastics, textiles, paints & coatings, and construction industries. Increasing consumer expectation and the changes in lifestyles have pushed the demand for the high performance of dyes and pigments, as these products depict exceptional physical and chemical properties such as resistant to UV, high level of durability, heat, and chemicals.
In addition, the growing investment in research and development activities and technological advancements to develop products with enhanced physical and chemical properties will drive the growth of the market over the forecast period. Moreover, the rise textile industry due to factors such as rising disposable income, increasing population, and changing consumer trends is also expected to boost the market. The fastest growing digital printing market is expected to provide lucrative growth opportunities for the printing ink industry, thereby fuelling market growth.
Europe Synthetic Dye and Pigment Market: Regional Analysis
Europe will grab the largest market in the synthetic dye and pigment market due to the presence of numerous textile manufacturers in this region. The increasing research and development activities and emergence of stringent government rules and regulations for the organic dye and pigment are likely to propel the growth of the market in this region. Growing urban population and innovative technologies will also drive the market growth in the Europe region.
Europe Synthetic Dye and Pigment Market: Segment Analysis
The market is segmented on the basis of product type and applications. The product type segment includes disperse, acidic, solvent, basic, reactive, direct, and others. The application segment consists of food, paper, agrochemical, textile, wood, leather, and others. Textile application segment is expected to grow in the near future because of constantly changing fashion trends.
Europe Synthetic Dye and Pigment Market: Key Players
Some of the major players that are operating in the market are Loxim, DyStar, Vedant, Archroma, Ravi Dyeware, Huntsman, Aries Dye Chem, BASF, Synthesia, Clariant, Steiner, Kiri Industries, Cromatos, Atul, Trumpler, Waterside Colours, Colorantes Industriales, Waterside Colours, Stahl, and Everlight Chemical.
Europe Synthetic Dye and Pigment Market: Competitive Landscape
Huntsman has opened its multi-purpose facility at the Amata Vietnam Industrial Park, in Vietnam on August 2018. The site consists of greenfield investment, advanced material business, and also comprises of research and development activities, warehouse, commercial office, and distribution space. Mainly the companies are planning to adopt the business expansion strategy to develop their products and services and attain higher revenues.
Full Report Overview@ https://www.qyresearch.com/index/detail/1214022/europe-synthetic-dye-and-pigment-market