Share on

Dyes Market By Type (Reactive Dyes, Disperse Dyes, Vat Dyes, Direct Dyes, Acid Dyes, and Others), By Application (Textile, Leather, Paper, Paints, Plastics, and Others) & By Region - Global Industry Analysis, Size, Share, Growth, Investment, and Forecast | 2023-2028

Published: March, 2023
ID: 8740
Pages: 175
Formats: report pdf report excel report power bi report ppt

Dyes Market Size (2023-2028)

The Dyes Market size was valued at USD 33.2 billion in 2022 and is predicted to grow at a compound annual expansion rate based on revenue of 6.0% from 2023-2028

Dyes are colored substances that are applied as an aqueous solution on various substrates. These are all dyes in different industrial applications like food processing, printing inks, wood stains, textile processing, etc. Colorants have high selective absorbency for liquids and substrates compared to other color-imparting materials such as pigments. The excellent absorption characteristics of dyes allow them to lose their physical and structural properties when applied to substrates. Low lightfastness and short shelf life are some of the other distinguishing characteristics of dyes. Therefore, they are generally called in surface coating, food products, and printing applications that require high levels of transparency for the manufacture of finished products.

Growing calls for various applications such as textiles, paints, coatings, construction, and plastics are predicted to drive market expansion. Manufacturers of dyes and pigments are actively venturing to improve their products using advanced technologies for the effective removal of environmental and hazardous contaminants during the manufacturing process. Product manufacturers are likely to experience costs varied production due to the price volatility of raw materials such as benzene. A wide distribution channel is achieved in the market both through physical retail stores and online retail. The availability of the product online has escalated the consumer base for businesses and also demonstrates greater reach, which is predicted to drive a call for the products.

Paints and coatings represent the majority of the market and are predicted to be the largest and most dynamic end-user sector. Architectural and decorative coatings represent the highest consumption of pigments in their production. Therefore, the increase in construction and infrastructure activities in Asia-Pacific is the main driver of the dyes and pigments market. In addition, public-private partnership (PPP) projects have also escalated in the national construction sector. In India, the infrastructure sector has become one of the main areas of government intervention. In the government budget, the construction sector has been allocated $ 61.92 billion. The government aims to stimulate the construction of buildings in the country, for which it has decided to create a single system of customs clearance, in order to quickly approve construction projects. All of the above-mentioned factors are predicted to drive the global market during the forecast period.

Dyes Market Drivers & Restraints:

The global market for colorants has seen strong expansion due to escalated calls from end-user companies such as food, textiles, printing inks, paints, and coatings. Growing economies such as China, India, Brazil, and Indonesia are likely to play a significant role in dye consumption in the years to come. India and Indonesia are slowly taking the lead in dye manufacturing due to the availability of raw materials and also different intermediate organic chemicals. The dyes market is a booming activity driven mainly by calls from end-user companies such as textiles. A rising population coupled with escalating industrialization has encouraged governments to upsurge their spending on construction to expand infrastructure development. As a result, rising construction spending around the globe is predicted to generate a massive call for dyes and pigments in the coming years.

However, growing environmental concerns are driving policy changes around the world, which are predicted to hold back market expansion during the forecast period. Factors such as the high consumption of water in the textile industry to rinse the dye, the solubility of the product, the high content of metals in the pigments, and the contamination of water during the manufacturing processes are the main environmental threats catcall by the market.

Opportunities in the Dyes Market:

Dyes are generally distributed by company-owned distribution channels, although third-party distribution channels are also employed. The companies lay high emphasis on escalating the area of operation in order to increase the market share and drive the revenues of the company. The market has the presence of a big number of multinationals and small manufacturers operating their businesses through high production volumes. The growing end-user preference for green products is predicted to drive expansion in the dye market during the forecast period. Escalating call for innovative products such as high-performance dyes is predicted to provide new market expansion opportunities in the near future. The consumption of dyes in the world market is predicted to increase.

Challenges in the Dyes Market:

Strict regulations have been imposed in regions such as Europe, North America, and China, which can challenge market expansion.

DYES MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022-2028

Base Year

2022

Forecast Period

2023-2028

CAGR

6.0%

Segments Covered

  • By Product
  • By Application
  • By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

  • North America
  • Europe
  • Asia Pacific 
  • Latin America
  • Middle East & Africa

Market Leaders Profiled

Huntsman Corporation, Atul Ltd., LANXESS AG, JAY Chemical Industries Limited, Jiangsu Yabang Dyestuff Co., Ltd, Shanghai Anoky Group Co., Ltd, Shandong Qing Shun Chemical Co. Ltd, Jiangsu Zhijiang Chemical Co., Ltd., Zhejiang Longsheng Group Co., Ltd., Jihua Group, Archroma Management LLC.

Dyes Market Segmentation as per the research report until 2028.

Dyes Market - By Product:

  • Reagent
  • Disperse
  • Acid
  • Sulfur
  • Direct
  • VAT
  • Basic

The dispersed and reactive segments have contributed to a large share of global volume and are predicted to maintain the leading share during the forecast period due to escalating consumption of these polyester and cotton-based fabric products.

Dyes Market - By Application:

  • Paper and pulp

  • Textiles/fabrics

  • Cosmetics

  • Building

  • Paints and coatings

  • Medicines

  • Leather

Fabrics were the largest shareholder by size in the global dye market. Technological development and digital photos that can be printed on fabric, unlike traditional screen-printed photos that block the pores in the fabric, have added breathability to the fabric, making it comfortable for the user.

Dyes Market - By Region:

  • North America

  • Europe

  • Pacific Asia

  • Latin America

  • The Middle East and Africa

The dye market in Asia-Pacific represented the largest share of the global business, followed by developed regions such as Europe and North America. Countries in the Asia-Pacific region, such as Indonesia, Vietnam, and Singapore, are predicted to be expansion markets due to the advancement of major end-users, such as paints and coatings and food processing. Additionally, expansion in these countries is predicted to be driven by a reorientation of dye production from developed regions such as Europe and North America. Trends have changed over the past decade due to many factors, such as falling production costs in Asia-Pacific and the growing prominence of the region, which serves as a hub for end-user businesses such as textiles, food, paints, and coatings. North America and Europe are considered to be mature markets, which are predicted to register a slow to moderate expansion rate in the coming years in the dye business.

Impact of COVID-19 on the Dyes Market:

The dye market is affected by declining calls and productivity during the current COVID-19 scenario. The overall call for chemicals call in other facilities has decreased due to the fact that currently only essential products are allowed to be processed. The main challenges are a mix of the consequences of the closure affecting the distribution of fixed costs, labor shortages, including contractors, challenges with working capital, and, finally, declining local calls and export. The COVID-19 outbreak has affected logistics and transportation and caused shipments from China to stop. In different countries of the world, the delay caused an increase in the price of raw materials, which negatively affected the dye and pigment industry. Compared to 2019, the prices of the main intermediate dyes increase by more than 30% compared to the average price in the same period, which will have a negative cascading impact on the market, such as textiles, printing inks, papers, and others related products sectors, before COVID-19 was stored around the world.

Dyes Market Key Players listed in the report are,

  1. Huntsman Corporation

  2. Atul Ltd.

  3. LANXESS AG

  4. JAY Chemical Industries Limited

  5. Jiangsu Yabang Dyestuff Co., Ltd

  6. Shanghai Anoky Group Co., Ltd

  7. Shandong Qing Shun Chemical Co. Ltd

  8. Jiangsu Zhijiang Chemical Co., Ltd.

  9. Zhejiang Longsheng Group Co., Ltd.

  10. Jihua Group

  11. Archroma Management LLC.

Please wait. . . . Your request is being processed

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample