Global Organic Functional Dyes Market to 2027 - by Type, External Energy, Application and Region - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Organic Functional Dyes Market, By Type, By External Energy, By Application, Estimation & Forecast, 2017 - 2027" report has been added to ResearchAndMarkets.com's offering.

The global organic functional dyes market held a market value of USD 1,891.7 Million in 2020 and is estimated to reach USD 3,214 Million by the year 2027. The market is anticipated to register a CAGR of 8.8% during the forecast period. The market volume for organic functional dyes in 2020 was 35,294.7 tons.

Organic functional dyes are derived from invertebrates and plants. The market is anticipated to grow owing to factors such as increase in application of organic functional dyes in printing inks. Furthermore, growing shift towards adoption of environmentally friendly products along with rising consumer spending is expected to fuel the market growth. However, the high cost of raw material is expected to hinder market growth.

Regional Overview:

On a regional basis, the global organic functional dyes market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

The European region is expected to grow due to the increasing use of organic functional dyes in determining the quality of frozen meat and dairy products. The North American region is anticipated to grow owing to the presence of many major players in the region. The Asia Pacific region is expected to grow owing to the rising usage of organic functional dyes in the textile industry.

Growth Influencers:

Increase in application of organic functional dyes in printing inks.

Organic functional dyes are increasingly being used for printing purposes in paper, pulp, and textile industries. Furthermore, they are also used in digital textile printing for preparation of water-based inks. Natural dyes used for preparing printing inks include cutch, golden dock, annatto, and pomegranate ink. Growing adoption of natural dyes for various purposes including manufacturing of inks is expected to boost the market growth.

Segments Overview:

The global organic functional dyes market is segmented into type, external energy, and application.

By Type

• Chromic Dyes
• Photochromic
• Piezo chromic
• Electrochromic
• Others
• Leuco Dyes
• Fluorescent Dyes
• Phosphorescent Dyes
• Others

The chromic dyes is expected to hold the largest market share of about 64% owing to the color reversible nature of these dyes. Around 5,000 tons of phosphorescent dyes are expected to be sold by 2025.

By External Energy

• Heat
• Light
• Electric Field
• Pressure
• Chromophore
• Others

The heat segment is estimated to hold the largest value share of about 30% owing to high usage of heat based functional dyes in various industries, such as the packaging industry. The electric field segment is anticipated to witness the fastest growth rate of about 10.3% during the forecast period.

By Application

• Textile
• Medical Textile
• Non-Medical (Smart) Textiles
• 3D-Display
• Electrophotography
• Thermal and Ink-Jet Printing
• Optical Data Storage
• LCDs
• OLEDs
• OFETs
• Energy Conversion
• Robotics
• Electronic Sensors
• pH Sensors
• Gas Sensors
• Optical & Chemical Sensors
• Molecular Scale Logic Devices
• Photodynamic Therapy
• Medical Diagnosis
• Functional Lens
• Imaging
• Packaging
• Thermo Regulation (Brand Forgery)
• Surface Disinfectant (antimicrobial)
• UV Protection Dye
• Moth/Mosquito Repellant Dyes

The textile segment is expected to hold the largest market share owing to the increasing adoption of organic functional dyes for manufacturing medical textiles. The moth/mosquito repellent dyes segment is estimated to witness the fastest growth rate of around 12.2% owing to rising research activities for the development of more natural mosquito repellents. The robotics segment is anticipated to surpass a market volume size of about 1,307.1 tons.

Companies Mentioned

• Associated Dye Stuff Pvt. Ltd.
• Cathay Pigments
• Denim Dyes & Chemicals
• Flint Group
• Huntsman Corporation
• Kiri Industries
• KISKO
• Megha International
• Shanghai Ruiyan Chemical Technology Co., Ltd.
• Sudeep Industries
• Taiyo Fine Chemicals
• Yamada Chemical Co. Ltd.
• Yamamoto Chemicals

For more information about this report visit https://www.researchandmarkets.com/r/njsqi5