Global market value to grow more than 5% yearly through 2008
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Global market value to grow more than 5% yearly through 2008
Worldwide demand for dyes and organic pigments is projected to
advance over 5% percent per year (in value terms) through 2008. Consumption will
benefit from a number of factors, most prominently economic growth and
environmental issues. Coming out of the economic weakness of the early 2000s,
economies the world over are expected to show generally stronger growth through
2008. The products that account for the bulk of organic colorants demand (fibers
and textiles, paints and coatings, and plastics) are all basic materials that
have use throughout a broad cross-section of the economy. Because of this
sensitivity and link to overall economic trends, demand for dyes and organic
pigments is expected to benefit through 2008.
Asia/Pacific region to remain dominant, grow the fastest
The Asia/Pacific region is the largest single geographic marke
for dyes and organic pigments. This region will also continue to record the most
rapid growth in demand. Developing economies, most notably China and India, and
to a lesser extent South Korea and Taiwan, represent rapidly growing organic
colorant markets. Although the textiles and fibers market continues to account
for the majority of demand in these nations, outsized opportunities are arising
in coatings, inks and plastics. Other markets such as Japan, the US and Western
Europe, are more mature and will record slower gains.
Pigments demand to outpace dyes
Demand for organic colorants is dominated by dyes in volume
terms, although the division is much more equal in value terms, due to the
higher value of organic pigments. Growth prospects will be better for organic
pigments than for dyes, primarily because dyes are so heavily dependent upon the
relatively slow growing textile market. Organic pigments are more closely linked
to the printing ink, plastic and coating industries, which offer greater growth
potential, although opportunities also exist for dyes in these markets.
Study coverage
This new Freedonia industry study, World Dyes & Organic
Pigments, is priced at $5100. It provides historical demand data (1993, 1998,
2003) as well as forecasts to 2008 and 2013 by product, market, world region and
for 16 national markets. The study also examines the market environment,
presents company market share data and profiles 33 global industry competitors.
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