Coatings Pigments And Dyes

Coatings, pigments & dyes are used in over- & under-the-surface applications to impart color and protection to various objects. Coatings protect surfaces from weathering, corrosion & microbial growth and also provide decorative options to surfaces on which they are applied. Pigments are organic & inorganic substances used in the ink, ceramic, plastic, paper, elastomer & flooring industries to impart color and are typically used as additives in coatings for walls, boat hulls, aircraft bodies, automotive parts, fabrics, leather & construction surfaces. Dyes demonstrate an exceptional & permanent fixing to fabrics & objects and are resistant to water, surfactants, sunlight, acids & alkaline substances. The key trends of the coatings, pigments & dyes industry are converging toward sustainability, bio-based feedstock materials, green chemistry, and low-volatile content products to support the rising demand for clean labeled green & organic products. Regulations, consumer behavior patterns, supply dynamics, technological advances, and industry sustainability also contribute heavily to the industry path.

Drivers:

• Market trends toward sustainable industry practices and lower carbon footprint
• Green chemistry is at the forefront of the changing industry dynamics
• Bio-based feedstock supply expansion to increase the adoption of coatings, pigments & dyes
• Consumer buying patterns and regulatory trends are shifting the market to organic platforms
• Asia Pacific demonstrated the highest short-term growth in construction and automotive applications
• Logistics and supply challenges highlighted by the Russia-Ukraine war impacted the Gulf oil prices
• Increased availability of green & bio-based feedstock is pushing the industry toward clean labeled green products