PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1554602
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1554602
The Synthetic dyes market is projected to reach USD 9.1 billion by 2029, at a CAGR of 5.0% from USD 7.1 billion in 2024. Synthetic dyes are artificial colorants that are developed in order to add color to various materials such as textiles, plastics, foods and cosmetics. The rising population and rapid urbanization & industrialization is driving the market for synthetic dyes in Asia Pacific region. The region is an attractive location for investors due to availability of cheap labor making for establishing manufacturing units. Additionally, the key markets in the region are experiencing significant economic growth leading to increased consumer spending on dyed products such as textiles and furnishings. In summary, rising population, rapid industrialization & urbanization, Cost advantage and economic growth is influencing the market for synthetic dyes in Asia-Pacific region.
Scope of the Report | |
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Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Kiloton; Value (USD Million) |
Segments | Application, Form, Structure, Type, Fabric Type, End-use Industry, and Region |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"Based on type, reactive dyes are expected to be the fastest growing market during the forecast period, in terms of value."
Reactive dyes are the fastest growing types in synthetic dyes due to their excellent properties of bonding with fibres and color fastness and versatile application among various cellulosic fibres such as cotton, silk and wool. Utilization of reactive dyes for dyeing in textile industry ensures vibrant colors, resistance in fading and ease of application. The consumer preferences for high quality and durable textiles along with wide spectrum of shades drives the market for reactive dyes. Additionally, the increasing demand for sustainable dyes influences the market for reactive dyes as these dyes need minimal resources and produce less wastewater as compared to other types of dyes. Moreover, the advancements in the dyeing technology to improve efficiency and minimize the environmental impact along with the production of wide range of colors is bolstering the reactive dyes as the fastest growing market by type.
"Based on structure, non-ionic dyes are the largest market during the forecast period, in terms of value."
Non-ionic structured dyes majorly include reactive and disperse dyes. These dyes highly used dyes in textile industry. Their versatility increases their functionality for various types of fibers such as cotton, polyester and nylon in the textile industry. These dyes offer excellent color fastness and cost effectiveness with both synthetic and natural fibers increasing their efficiency. Non-ionic dyes are stable across various pH levels are not affected by external environment. Additionally, the properties of non-ionic dyes such as high compatibility and light weight make them highly preferable for applications such as paints & coatings, automotive and building & construction industries. Collectively, these factors make non-ionic structured dyes to be the largest market during the forecast period.
"Based on region, North America is the second largest market for synthetic dyes during the forecast period, in terms of value."
The synthetic dyes market in North America has witnessed robust growth driven by the increasing demand for efficient dyes in manufacturing industries such as textiles and automotive. The rising consumer preference for vibrant, long lasting and efficient colours plays a crucial role for driving the market in North America. The region has strong chemical manufacturing infrastructure which bolsters the production and innovation in synthetic dyes. This helps the region to serve rising demand and high standards of various end use industries globally. Additionally, the advancements in manufacturing technologies for producing high performing dyes is further driving the market for synthetic dyes in the region. The increase in the awareness about long life and wide color range of synthetic dyes is leading to increase in their adoption for various applications. Moreover, the stable economic conditions of the region encourage investors to invest in R&D to foster innovations in dye formulations.
The key players in this market are Archroma (Switzerland), Lanxess (Germany), Zhejiang Longsheng Group Co. Ltd (Dystar) (China), Heubach GmbH (Germany), Kiri Industries (India), Atul Ltd (India), Bodal Chemicals Ltd (India), Chromascape (US), Henkel AG & Co (Germany), Kemira Oyj (Finland), Milliken & Company (US), Solenis LLC (US), Zhejiang Jihua Group (China) and Zhejiang Runtu Co., Ltd (China).
Research Coverage
This report segments the Synthetic dyes market based on type, ingredients, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, new product launches, expansions, and mergers and acquisitions associated with the Synthetic dyes market.
Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the Synthetic dyes market, high-growth regions, and market drivers, restraints, opportunities, and challenges.