The US market for dyes and organic pigments (organic colorants) is forecast to expand 3.3 percent per annum, reaching $2.9 billion in the year 2003.
Demand for organic pigments is expected to expand over 6 percent per annum to $1.7 billion in 2003. Growth will be driven by healthy demand in plastics, paints and coatings, and printing inks, and fortified by the continued substitution of organic pigments for inorganic materials in response to both regulatory and consumer environmental concerns. Development of high performance pigments for automotive finishes and other highly demanding colorant applications will also support value gains.
US demand for dyes is expected to decline modestly to $1.2 billion in 2003. Losses reflect sluggish growth in the large textile market and a weak pricing environment due to global overcapacity and intense competition from low-cost imports. However, growth opportunities are to be found in value-added dyes providing improved process efficiency, environmental acceptability and performance characteristics.
Forecast to account for nearly one-quarter of US dyes and pigments demand in 2003, the textile industry will remain the largest end-use market for these products despite annual declines greater than one percent per year. Disperse dyes will record the strongest growth among textile dyes. Prices of these unique products have been less affected by competition from low-cost imports than have lower-tier dyes. Strongest growth for dyes and organic pigments is forecast for the paints and coatings market, which will advance nearly 7 percent per year due to changes in the product mix favoring more expensive, high performance pigments in such demanding applications as automotive finishes. Above-average growth is also expected in the printing inks and plastics markets, bolstered by a fairly healthy outlook for these end-use markets and by improved technologies, particularly in ink jet printing.
Dyes & Organic Pigments (published 10/99, 209 pages) is available for $3500 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 646.0484 or e-mail firstname.lastname@example.org. Full text is also available online through commercial database companies and the www.freedoniagroup.com Web site.
Please attribute information from this news release to The Freedonia Group (Cleveland, OH) and include, if possible, the price of the report. We would also appreciate a copy of the article or publication in which we appear.
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|Comment:||The US market for dyes and organic pigments (organic colorants) is forecast to expand 3.3 percent per annum, reaching $2.9 billion in the year 2003.|
|Publication:||Research Studies - Freedonia Group|
|Article Type:||Brief Article|
|Date:||Oct 1, 1999|
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