Textile and automobile sectors both utilise a lot of dyes and pigments. The need for dyes and pigments is likely to rise as the automobile and textile sectors expand. The dyes and pigments market is predicted to grow at a rapid pace in Asia Pacific. One of the primary reasons contributing to the region's market growth is the rapidly increasing textile sector in emerging economies such as India and China. According to the India Brand Equity Foundation (IBEF), India's textile industry employed over 40 million people and exported textile items worth US$ 40 billion in fiscal year 2015-16. As a result, the dyes and pigments market in the region has seen increased expansion.
Increased regulatory constraints on dyes and pigments production are predicted to be one of the primary factors limiting the dyes and pigments market's growth. The United States' Environmental Protection Agency has developed laws that detail the potential impacts of waste generated during the production of azo, triarylmethane, and anthraquinone dye and pigment products.
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