Global textile pigment market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The textile pigment is a particulate-type that is significantly insoluble in a medium but that can be mechanically dispersed in this medium to alter light-scattering properties and color. It is completely insoluble in water and is mainly used for printing. There is no auxo chrome content in pigments and need a binder for the application. These are inexpensive in comparison to dyes.
The factors that are playing a major role in the growth of textile pigment industry are the rising demand from the developing countries and the end-users. However, the strict government norms and the fluctuating raw material costs may restrain overall market growth in the years to come. Textile pigments market is segmented based on type, product type, application, and region.
Organic, titanium dioxide, and inorganic are the types that could be explored in textile pigment industry in the forecast period. The titanium oxide sector accounted for the significant market share of textile pigment and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the growing demand from developing countries and its capacity of expansion. In addition, the inorganic sector is estimated to grow at the fastest pace in the years to come. Inorganic pigment sector comprises a special pigment, black pigment, color pigment, and white pigment.
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Quinacridone, dioxazine, pyrocoline, fluorubine, perlene perinone, isoindoline, and other product types could be explored in textile pigment market in the forecast period. The market could be categorized based on applications like digital textile printing, textile fibers, and others that could be explored in the forecast period. Digital textile printing sector accounted for the substantial share of textile pigments industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be a simplified process, save energy, environmental aspects, and low water consumption.
Globally, the Asia Pacific sector may account for the substantial share of textile pigments market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, the high disposable income, and the rising demand for pigments from the developing countries. The developing countries like India and China are the major consumers of textile pigment in this region.
South America and Europe are also estimated to have a positive influence on future growth. South America is the second largest region with significant market share. The reason could be the developing textile sector in this region. The key players of textile pigments industry are Tronox Limited, BASF SE, and E. I. du Pont de Nemours and Company. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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