According to the latest report by Business Research Insights, the global market size of dyes and pigments is projected to reach 61.6 billion US dollars in 2026, with a compound annual growth rate (CAGR) of 4.92% from 2026 to 2035.Demand from textiles, construction and automotive industries serves as the major growth engines.As the world's largest producer, China, with leading enterprises like Zhejiang Longsheng and Runtu Chemical, boasts advantages in self-sufficiency of intermediates and environmental compliance, dominating the market for disperse dyes and reactive dyes.The industry concentration is continuously improving, accompanied by enhanced bargaining power of enterprises.
Since the implementation of Dye Industry Pollutant Discharge Standard (GB4287-2023), the industry has shifted its focus from "compliant discharge" to "carbon emission intensity" assessment.The capacity elimination rate reached approximately 12% between 2023 and 2024. Leading manufacturers have consolidated their competitive edges by adopting clean production technologies such as catalytic hydrogenation and solvent recovery.In downstream sectors including coatings, automotive and electronics, the demand for low-VOC, high-weatherability and high-gloss pigments continues to rise, driving the industry to shift from traditional synthesis to a dual-engine model of "green development + high-end upgrading".
From January 21 to 29, the average market price of disperse dyes rose from 17 yuan/kg to 19 yuan/kg, representing a growth of 11.76%; reactive dyes increased from 22 yuan/kg to 23 yuan/kg, up by 4.55%. Leading enterprises such as Zhejiang Longsheng and Runtu Chemical raised prices of multiple product varieties by 1,000 to 3,000 yuan per ton.The core driver lies in the sharp surge in the price of reductone, a key intermediate for disperse dyes, which jumped from 25,000 yuan/ton to 38,000 yuan/ton, a surge of 52%.Affected by stringent environmental and safety supervision, the production capacity of reductone is highly concentrated, with only three enterprises maintaining stable supply. Cost pressures have been directly transmitted to downstream products.
The organic pigment market is expected to be worth USD 6.7 billion by the end of the year 2026. The inorganic pigment market is expected to amount to USD 2.8 billion by the end of 2024, growing at a 5.1% CAGR. --- Source
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