The global synthetic dye market was worth $31.97 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 13% and reach $50.38 billion by 2023.
The synthetic dyes market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. In 2019, Asia Pacific accounts for around 45% of the market.
Synthetic Dyes Market Global Report 2020 from the author provides the strategists, marketers and senior management with the critical information they need to assess the global synthetic dyes market.
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The synthetic dyes market covered in this report is segmented by product into acid dyes, disperse dyes, reactive dyes, direct dyes, bsic dyes, VAT dyes, others. It is also segmented By end use industry into textile, food & beverages, paper, ink, leather, other Industries.
The synthetic dyes market is expected to be driven by the rapidly growing packaging industry. This is mainly due to increased demand from the toiletries, food & beverages, healthcare, and other industries, particularly in emerging economies. Going forward, the market for synthetic dyes is expected to grow with the launch of high-quality digital printing applications on flexible packaging and labelling. Growing demand for digital printing due to the need for high quality printing will lead to an increase in the demand for packaging printing, driving the synthetic dyes market.
The growing awareness about adverse health effects of certain synthetic dyes is pushing dyes manufacturers to shift from chemical-based synthetic dyes to natural dyes, negatively impacting the market. Manufacturers are focusing on shifting from chemical dyes to natural dyes to cater to the consumer preferences for new textiles colors, which are also environmentally-friendly. Synthetic dye also has adverse effects on the health of people and the environment due to which emerging economies are shifting to natural dyes. Several developed and developing countries have imposed a ban on the import of synthetic dyes. The use of azo dyes is banned in developing countries such as India owing to their environmental and health impacts.
Range of high wet-fast disperse dyes is trending the synthetic dyes market. High wet-fast disperse dyes are suited for coloring polyester fibers, microfibers, and polyester/elastane blends for sportswear and activewear applications. For instance, Archroma launched Foron SP-WF dyes, which comply with safety, efficiency and sustainability with a belief to be economical in textile industry.
Major players in the market are BASF SE, Archroma, DyStar, Huntsman, Stahl, Kiri Industries, Clariant, Everlight Chemical, Synthesia, Vedant
Key Topics Covered:
1. Executive Summary
2. Synthetic Dyes Market Characteristics
3. Synthetic Dyes Market Size And Growth
3.1. Global Synthetic Dyes Historic Market, 2015 - 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Synthetic Dyes Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Synthetic Dyes Market Segmentation
4.1. Global Synthetic Dyes Market, Segmentation By Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Acid Dyes
- Disperse Dyes
- Reactive Dyes
- Direct Dyes
- Basic Dyes
- VAT Dyes
4.2. Global Synthetic Dyes Market, Segmentation By End Use Industry, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- Food & Beverages
- Other Industries
5. Synthetic Dyes Market Regional And Country Analysis
5.1. Global Synthetic Dyes Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Synthetic Dyes Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
- BASF SE
- Kiri Industries
- Everlight Chemical
- Colorantes Industriales
- Aries Dye Chem
- Ravi Dyeware
- Waterside colours
- Haining Tongyuan Chemical Factory
- Lanxess AG
- DupontMerck KGAA
- OCI Company Ltd
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