Dyes and Pigments Market Size to Reach USD 43 Billion by 2027 at 5% CAGR, Predicts Market Research Future (MRFR)
Pune, India, June 07, 2021 (GLOBE NEWSWIRE) -- Dyes Pigments Market Overview: Market Research Future (MRFR) studied the dyes and pigment market 2020 through the review period from 2020 to 2027. MRFR analysis states that the global Dyes Pigments Market is expected to surge at 5% CAGR in the forecast period. By 2027, the dye and pigment market is likely to value at dyes and pigment market USD 43 Billion. The surging demand for dyes and pigments in the growing textile industry is expected to promote the market rise in the review period. Favorable macroeconomic conditions and the ease of procuring dyes and pigment from natural resources for sought-after fabric manufacturing, such as; jute and cotton, can add to the rise of the market. In the paper and pulp sector, the increasing application of printing inks and the rise in adoption of synthetic dyes can drive the market in the years to come. The growing demand for dyes in the digital era can improve the momentum of the market. The expansion of the paints coatings industry due to surge in residential construction and increase in infrastructure projects launched by governments across the globe also improve the dye and pigment market rise in the forecast period.
Dyes and Pigments Market Size to Reach USD 43 Billion by 2027 at 5% CAGR, Predicts Market Research Future (MRFR)
Pune, India, June 07, 2021 (GLOBE NEWSWIRE) -- Dyes Pigments Market Overview: Market Research Future (MRFR) studied the dyes and pigment market 2020 through the review period from 2020 to 2027. MRFR analysis states that the global Dyes Pigments Market is expected to surge at 5% CAGR in the forecast period. By 2027, the dye and pigment market is likely to value at dyes and pigment market USD 43 Billion. The surging demand for dyes and pigments in the growing textile industry is expected to promote the market rise in the review period. Favorable macroeconomic conditions and the ease of procuring dyes and pigment from natural resources for sought-after fabric manufacturing, such as; jute and cotton, can add to the rise of the market. In the paper and pulp sector, the increasing application of printing inks and the rise in adoption of synthetic dyes can drive the market in the years to come. The growing demand for dyes in the digital era can improve the momentum of the market. The expansion of the paints coatings industry due to surge in residential construction and increase in infrastructure projects launched by governments across the globe also improve the dye and pigment market rise in the forecast period.