The global Dyes Market size was valued at USD 33.2 billion in 2021 and is predicted to grow at a compound annual expansion rate based on revenue of 6.0% from 2021 to 2026.
Dyes are coloured substances that are applied as an aqueous solution on various substrates. These are call as dyes in different industrial applications like food processing, printing inks, wood stains, textile processing, etc. Colorants have a high selective absorbency for liquids and substrates compared to other colour-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 call in surface coating, food products, and printing applications that require high levels of transparency for the manufacture of finished products.
Growing call for various applications such as textiles, paints and 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 price volatility of raw materials such as benzene. A wide distribution channel is achieved in the market both through physical retail stores and through 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 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.
Recent Developments in the Dyes Market
Chemicals & Fertilizers Ltd. (SPCFL) has launched its first-hand line of reactive dyes for the textile industry in Bangladesh under the brand name Dyecol. Dyecol is well received in the Indian textile industries and now the company is launching additional shades for the Bangladesh market.
Marimekko launches its new garments, bags and household items printed with natural dye. The blue tint of the fabrics is the result of collaboration with Natural Indigo Finland, a Finnish company specializing in natural dyes. Marimekko Oyj is a Finnish furniture, textiles and Fashion Company.
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 call 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 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.
Dyes are generally distributed by the 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.
Strict regulations have been imposed in regions such as Europe, North America, and China, which can challenge market expansion.
Dyes Market - By Product
The dispersed and reactive segments have contributed to the 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
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
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.
The dye market is affected by declining call 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, labour shortages, including contractors, challenges with working capital and, finally, declining local call 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.
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.
Archroma Management LLC.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Reactive Dyes
5.1.3 Disperse Dyes
5.1.4 Vat Dyes
5.1.5 Direct Dyes
5.1.6 Acid Dyes
5.1.8 Y-o-Y Growth Analysis, By Product
5.1.9 Market Attractiveness Analysis, By Product
5.1.10 Market Share Analysis, By Product
5.2.8 Y-o-Y Growth Analysis, By Type
5.2.9 Market Attractiveness Analysis, By Type
5.2.10 Market Share Analysis, By Type
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Application
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Type
184.108.40.206 By Application
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 BASF SE
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 DIC Corporation
8.3 Clariant AG
8.4 Sudarshan Chemical Industries
8.5 Huntsman Corporation
8.6 Atul Ltd.
8.7 Cabot Corporation
8.8 E.I. Dupont De Nemours & Co
8.9 Kiri Industries Ltd
8.10 Kronos Worldwide Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Application, and End user Industry along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Dyes Market Market By Region, From 2021-2026 ( USD Billion )
Global Dyes Market Market By Type, From 2021-2026 ( USD Billion )
Global Reactive Dyes Market By Region, From 2021-2026 ( USD Billion )
Global Disperse Dyes Market By Region, From 2021-2026 ( USD Billion )
Global Vat Dyes Market By Region, From 2021-2026 ( USD Billion )
Global Direct Dyes Market By Region, From 2021-2026 ( USD Billion )
Global Acid Dyes Market By Region, From 2021-2026 ( USD Billion )
Global Others Market By Region, From 2021-2026 ( USD Billion )
Global Dyes Market Market By Application, From 2021-2026 ( USD Billion )
Global Textile Market By Region, From 2021-2026 ( USD Billion )
Global Leather Market By Region, From 2021-2026 ( USD Billion )
Global Paper Market By Region, From 2021-2026 ( USD Billion )
Global Painta Market By Region, From 2021-2026 ( USD Billion )
Global Plastics Market By Region, From 2021-2026 ( USD Billion )
Global Others Market By Region, From 2021-2026 ( USD Billion )