Editorial June-2018 Dyes Inks Colors Paints Coatings And Pigments
12 Jun 2018
In our attempt to share the latest news and information about the dyes and chemical industry, in this issue we have covered the importance of dyes, paints, pigments and coating industry in the economy. No economy can charter its growth story without the existence of the industries that build the chemical market. There are a number of sub industries that contribute to the overall chemical market and cater to the changing demands of manufacturers in the country.
There has been a shift in the manufacturing facilities from the US and Europe to China, Taiwan and India due to the stringent regulations and an increase in demand. It is expected that the demand for specialty pigments will increase since they are eco-friendly in nature. Asia Pacific has the largest market and it is expected to remain as the highest growing region in the years to come.
It is expected that the dyes and pigment industry will grow by more than four times in the coming five years and it will make a significant contribution to the economy. The global demand for pigment is expected to multiply at CAGR of 4% during 2017 to 2023 and it is estimated to reach $31.9 billion by 2023 in terms of revenue. The demand for pigments will be driven by paints and coating industry which will constitute 51% of the total demand.
Further, we have covered the Specialty chemical industry in Europe which forms a substantial part of the global industry. The global market for specialty chemicals is expected to expand at a CAGR of 4.7% by 2023. This market is expected to reach US$1,210.1 bn by the end of 2023.
The industry significantly contributes to the overall growth and development of the European economy. The global industry is highly mature yet saturated in the developed countries.
It is prone to changes due to economic conditions and regulatory compliances.As chemicals are consumed in varying proportions, the development of every industry is dependent on the chemical industry. The growth of the industry is driven by domestic consumption and exports. There is a demand in consumer industry, infrastructure and industrial sector that drives the overall growth of the economy.
In an attempt to make it easier for likeminded individuals to connect with one another, we have introduced the Inventory Sharing Platform;it helps fulfill their orders in a quick and convenient manner. Traders and suppliers can list their products on the platform which can be accessed by other members on the platform.
You can keep the information private and only visible to the members of the platform. This is a simple way of allowing the traders, manufacturers and distributers to connect with one another and fulfill the orders. It is a common platform for every trader and manufacture in the ever expanding global industry. We are constantly striving to bring you the latest information about the dyes and chemical industry.
We welcome your inputs which will help us serve you better. Let us join hands and achieve higher growth.
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