A report by Persistence Market Research (PMR) confirms, brings out some recent trends in pigments and dyes market include shifting of manufacturing facilities from the US and Europe to India, China, and Taiwan, and the rising preferences for eco-friendly products. With its emerging economies and quickly growing manufacturing bases, Asia Pacific accounts for the largest market and is likely to remain the highest growing region in the years to come.
Demand for pigment and dye products such as printing ink is driven by several factors such as technological development and increasing demand for digital inks. It says an increase in end-user preference for environment-friendly products is likely to drive growth of dyes and pigments market in the near future.
A pigment is a chemical material, which alters the colour of reflected or transmitted light due to wavelength-selective absorption. Based on product, the pigments and dyes market is classified into two parts, namely dyes and organic pigments, and inorganic pigments. Based on application, the pigments and dyes market are classified into textiles, leather, paper, paints and coatings, plastics, constructions, paper & specialty, printing inks, and others.
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