DYES AND PIGMENTS MARKET ANALYSIS

Regional Analysis

Asia Pacific is expected to be a major contributor for growth of the dyes and pigments market. Rapidly growing textile industry in the emerging economies such as India and China is one of the major factors contributing to the growth of the market in the region. According to India Brand Equity Foundation (IBEF), during FY 2015-16, the textile industry in India employed around 40 million workers and exported textile products worth US$ 40 billion. This, in turn, has augmented growth of the dyes and pigments market in the region.