PUBLISHER: The Business Research Company | PRODUCT CODE: 1435581
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435581
Predominantly derived from petrochemical derivatives, synthetic dyes are primarily organic (carbon-based) chemical compounds. These dyes, which exhibit an affinity for the substrate to which they are applied, contribute color to materials such as paper, textiles, and leather. The application of dyes typically involves an aqueous solution, and in some cases, a mordant may be necessary to ensure their permanence on the fiber. Examples of synthetic dyes include Eosin Y, fast green, basic fuchsin, aniline blue, methylene blue, and orange G.
Synthetic dyes are categorized into various product types, encompassing acid dyes, dispersed dyes, reactive dyes, direct dyes, basic dyes, vat dyes, and other variations. Acid dyes, for instance, constitute a class with one or more acidic groups, such as the sulfo group, primarily employed in acid solutions for dyeing wool and silk. The diverse end-use industries for synthetic dyes include textiles, food and beverages, paper, ink, leather, and various other sectors.
The synthetic dyes market research report is one of a series of new reports from The Business Research Company that provides synthetic dyes market statistics, including synthetic dyes industry global market size, regional shares, competitors with a synthetic dyes market share, detailed synthetic dyes market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic dyes industry. This synthetic dyes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The synthetic dye market size has grown rapidly in recent years. It will grow from $17.56 billion in 2023 to $19.54 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth observed in the historic period can be ascribed to the expansion of the textile industry, industrialization, the pursuit of color consistency, cost-effectiveness, as well as considerations of durability and stability.
The synthetic dye market size is expected to see rapid growth in the next few years. It will grow to $28.75 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The forecasted growth in the upcoming period can be linked to increasing concerns about sustainability and the environment, a growing demand for customization, adherence to health and safety regulations, alignment with global fashion trends, and heightened consumer awareness. Noteworthy trends anticipated in the forecast period include the growing prominence of technical textiles, ongoing innovations in dyeing technologies, advancements in dyeing techniques, a focus on regulatory compliance and safety standards, and continuous innovation in color fastness and performance.
The synthetic dye market is poised for growth, driven primarily by the rapidly expanding packaging industry. This surge can be attributed to the heightened demand within emerging economies for toiletries, food and beverages, healthcare, and other related sectors. The market's trajectory is expected to further ascend with the introduction of high-quality digital printing applications in flexible packaging and labeling. The increasing preference for digital printing, driven by the need for superior print quality, is anticipated to elevate the demand for packaging printing, consequently fostering the growth of the synthetic dye market.
Anticipated growth in the synthetic dye market is also linked to the escalating demand from the textile industry. The textile industry, integral to the economy, involves the production of textiles-materials primarily composed of fibers. Synthetic dyes present several advantages in this sector, including a broad color spectrum, colorfastness, and the ability to achieve consistent and uniform colors. As of May 2023, textile and apparel exports in the U.S. have reached $34 billion, compared to $28.4 billion in 2021, as reported by Textile World, a U.S.-based magazine covering the textile industry. Thus, the burgeoning demand in the textile industry serves as a catalyst for the growth of the synthetic dye market.
The increasing awareness of the adverse health effects associated with specific synthetic dyes is compelling manufacturers to transition from chemical-based synthetic dyes to natural alternatives, impacting the market negatively. This shift reflects a focus on meeting consumer preferences for environmentally friendly textile colors. Moreover, the adverse health and environmental effects of synthetic dyes have led to the imposition of bans on their import in various developed and developing countries. For instance, developing countries such as India have prohibited the use of azo dyes due to their recognized environmental and health impacts.
A notable trend in the synthetic dye market is the emergence of high wet-fast dispersed dyes. These dyes are gaining popularity for coloring polyester fibers, microfibers, and polyester/elastane blends, particularly in sportswear and activewear applications. Archroma, for instance, has introduced Foron SP-WF dyes, emphasizing compliance with safety, efficiency, and sustainability standards, with the added advantage of being cost-effective in the textile industry.
Key players in the synthetic dye industry are unveiling innovative products, such as metal-free and halogen-free acid dyes, to boost their market revenues. Archroma exemplifies this by introducing Nylosan S navy and black colors for sportswear, aligning with the company's dedication to developing inventive and sustainable solutions that cater to the evolving needs of the industry. In March 2022, Archroma, a Switzerland-based specialty chemicals company, launched two new metal-free and halogen-free acid dyes within its Nylosan S range. These dyes not only deliver vibrant and deep colors but also provide a halogen-free alternative, enhancing their environmental profile. This product line offers metal-free substitutes for dyestuffs, encompassing a variety of colors to meet the color matching and fastness specifications required for the iconic blacks and navies of major sportswear brands.
Major companies operating in the synthetic dye market report are BASF SE, Sumitomo Chemical Co. Ltd., DuPont de Nemours Inc., Huntsman Corp., Clariant International Ltd., Zhejiang Longsheng Group Co. Ltd., Archroma Management LLC, Kemira Oyj, Heubach Gmbh, Dystar Singapore Pte Ltd., DyStar Group, Atul Ltd., Milsuch as n & Company, Everlight Chemical Industrial Corporation, Synthesia A.S., Bodal Chemicals Ltd., Steiner Group Ltd., Kiri Industries Ltd., Cromatos S.A, Loxim Industries Limited, Stahl Holdings BV, Organic Dyes and Pigments LLC, OCI Company Ltd., Lanxess AG, Waterside colours Ltd., Vedant Textile Pigments Limited, Colorantes Industriales S.A. de C.V., Aries Dye Chem Inc., Trumpler GmbH & Co. KG, Ravi Dyeware Co. Pvt. Ltd., Haining Tongyuan Chemical Factory
Asia-Pacific was the largest region in the synthetic dyes market in 2023. Western Europe was the second-largest region in the global synthetic dyes market share. The regions covered in the synthetic dye market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the synthetic dye market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The synthetic dyes market consists of the sales of azoic dyes, chrome dyes, developed dyes, and direct dyes. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Synthetic Dye Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on synthetic dye market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for synthetic dye ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The synthetic dye market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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