20-Oct-2021 | Zion Market Research
Major companies in Construction Sealant Market are AgJunction, Inc., Ag Leader Technology, Trimble, Inc., CropMetrics LLC, Raven Industries Inc., AGCO Corporation, Deere and Company, Topcon Corporation, among others. These players are set to bolster the development of global Pigments and Dyes market.
According to analysts at Zion Market Research, the global Pigments and Dyes market accounted for more than USD 29.63 Billion in 2020 and is expected to reach more than USD 41.14 Billion by 2028, growing at a CAGR of 4.43% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Pigments and Dyes Market By Offering (Hardware, Software, and Services), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, and Farm Labor Management): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Increasing Demand with easy availability of products To Spur Growth
Demand for dyes and pigment products like printing ink is usually driven by various factors for instance, rising demand for digital inks and technological development. Rise in end-user desire for eco-friendly items is expected to propel growth of the pigments and dyes market in the forecast period. Some of the aspects restraining growth of the dyes and pigments market are raw material price volatility, environmental concerns, and its capacity globally. Some of the current trends in the dyes and pigments market are relocating manufacturing facilities from Europe and the U.S. to China, India, and Taiwan, and the growing preferences for environment-friendly goods. Since specialty pigments are environment-friendly in nature, they are anticipated to grow demand for dyes and pigments.
Leniency in Regulations to Support Asia Pacific Dominance
Asia Pacific held the largest share because the region has lenient rules and regulations. The industry faces strict regulations which curb usage of the goods and production in North America and Europe. Hence, production units of Pigments and dyes are being shifted to the Asia Pacific owing to supporting conditions of production and forbearance in rules and regulations. This is supported by low-cost and skilled manpower and the easy access to raw materials.
Browse the full “Pigments and Dyes Market By Offering (Hardware, Software, and Services), By Application (Yield Monitoring, Field Mapping, Crop Scouting, Weather Tracking & Forecasting, Irrigation Management, Inventory Management, and Farm Labor Management): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/pigments-and-dyes-market
The pigments and dyes market is segmented as follows:
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