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The global dyes and pigments market is anticipated to grow with a CAGR of ~5% during the forecast period, i.e. 2023-2033. The market is segmented by application into dyes and pigments. The dyes segment is further segregated into printing inks, textiles, paper, leather, and others. Out of these the textiles segment is attributed to garner the highest market share in the forecast period, owing to the huge production of textile fibers. According to recent data, the worldwide production volume of textile fibers rose from 100 thousand metric tons in 2017 to 110 thousand metric ton in 2020.
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