The growth witnessed by the dyes and pigments market contributes to the growth of the global economy as well. At the moment, Europe leads the global cosmetic industry and dominates the cosmetic pigment colours market. The majority of global demand is shifting to the emerging markets in Asia where the economy is booming. Let’s take a look at the growth in dyes & pigments market with a focus on colour cosmetics.
Role of Dyes and Pigments
To begin with, dyes are colours that get absorbed on textiles, food, etc. while pigments are colours used for coating rubber, cosmetics, plastics and others. Export quality organic colours such as Lake of Phloxine, Calcium lakes, aluminum lakes etc. are offered by reputed pigment manufacturers in India. Inorganic pigment colours such as chromium oxide green, ultramarine blue, iron oxide red, manganese violet and titanium dioxide are some of the most popular ones used in colour cosmetics. Pigment colours also allow products enhancements based on the composition of the colours. For example, the white-coloured titanium dioxide adds sheen in cosmetic products such as powders, foundations and blushes.
Growth forecast by researchers
According to Maximize Market Research, the cosmetic pigments market will grow at a CAGR of 7.4% and reach US$987.42 million by 2026. Asia Pacific (APAC) region is among the rapidly growing regions for cosmetic pigments with India and China being major contributors of the expected growth. Cosmetic pigments consist of several segments based on application. The segment with high demand is that of facial make-up applications such as feature-rich powders and creams. Demand for lakes and toners in lip products as well as facial makeup will grow more than other cosmetic products.The rising demand for organic pigments such as toners and lakes will add to the growth in the global cosmetics market.
Here are some of the predictions inother industry research reports indicating the growth of dyes and pigments market:
- According to a Markets and Markets report, the cosmetic pigments markets will grow at a CAGR rate of 7.5% to reach US$ 790 million by the year 2022.
- As per Grand Research, the dyes and pigments market will be worth US$46.4 Billion by the year 2025.
- A Research & Markets study indicates that Asia Pacific will showcase the highest CAGR growth between 2017 and 2022. Developing economies are growing at a faster pace in Asia. Asia-Pacific will be followed by Europe and America in terms of ranking in the dye and pigments market.
- Databridge Market Research report indicates that the Global Cosmetic Pigments market is slated to touch US$ 1004.03 million by the year 2025.
Pigment manufacturers in India are expanding their production lines and upgrading their technology infrastructure to prepare for the upcoming market demand. Export opportunities are pushing Indian dyes and pigments businesses to strengthen their distribution network in different countries. International cosmetic brands are investing in India to expand their facilities and to manufacture high quality cosmetics for fulfilling demand in domestic and international markets. Strategic partnerships between cosmetic companies and reliable manufacturers will push the growth of the global dyes and pigments market.
Koel colours is one of the trustworthy cosmetic manufacturers India and a respected supplier of pigment colours for colour cosmetics. To meet the market demand for cosmetic manufacturers offers high quality dyes and pigments through known companies such as Koel. To discuss your requirement of cosmetic colours, you can contact Koel colours at firstname.lastname@example.org.