PUBLISHER: The Business Research Company | PRODUCT CODE: 1409749
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409749
“Reactive Dyes 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 reactive dyes 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 reactive dyes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The reactive dyes 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.
Reactive dyes are a type of dye that can undergo a chemical reaction with a substrate, forming a covalent dye-substrate bond that establishes a durable connection within the fiber. These dyes are predominantly utilized for coloring cellulose fibers such as cotton and viscose, as well as wool and polyamide.
The primary categories of reactive dyes include cold-brand reactive dyes, hot-brand reactive dyes, highly exhaust reactive dyes, mild-exhaust reactive dyes, and others. Cold-brand reactive dyes are particularly reactive and require relatively low environmental conditions to bond with the fabric. Various functional groups, such as monochlorotriazine, vinyl sulfone, bi-functional, and others, are employed in multiple applications, spanning cotton, paper, nylon, leather, and other materials.
The reactive dyes market research report is one of a series of new reports from The Business Research Company that provides reactive dyes market statistics, including reactive dyes industry global market size, regional shares, competitors with a reactive dyes market share, detailed reactive dyes market segments, market trends and opportunities, and any further data you may need to thrive in the reactive dyes industry. The reactive 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 reactive dyes market size has grown rapidly in recent years. It will grow from $2.62 billion in 2023 to $2.92 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth observed in the historical period can be ascribed to a shift towards cellulosic fibers, extensive utilization in apparel and home textiles, compliance with regulations and eco-friendly properties, the globalization of textile manufacturing, and advancements in research and development in dye chemistry.
The reactive dyes market size is expected to see rapid growth in the next few years. It will grow to $4.3 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The anticipated growth in the forecast period can be attributed to the expansion into technical textiles, a heightened focus on sustainable dyeing practices, the development of biodegradable and eco-friendly formulations, increased demand in emerging markets, and the global economic scenario. Key trends expected in the forecast period encompass advancements in digital printing technologies, innovations in dyeing technologies, a focus on cold water dyeing processes, the customization and specialization of reactive dyes, and an expansion in the apparel and fashion industry.
The anticipated growth in the textile sector is set to drive the expansion of the reactive dyes market in the future. The textile sector encompasses industries primarily engaged in clothing design or manufacture, as well as the distribution and utilization of textiles. Reactive dyes find application in the textile industry for printing color and design on cellulosic fibers such as cotton, linen, and other fabrics. The upsurge in the textile sector is expected to contribute to the growth of the reactive dyes market. For instance, in June 2020, Euratex, a Europe-based European Apparel and Textile Confederation, estimated that the textile and garment industry in the EU-27 region reached €147 billion in 2021, marking an 11% growth over 2020. Additionally, in January 2020, the China Chamber of Commerce for Import and Export of Textiles reported that China's apparel and textile exports amounted to US$291.22 billion, a 9.5% year-over-year increase, contributing to a 1% rise in the nation's overall product exports. Therefore, the expanding textile sector is a driving force for the reactive dyes market.
The anticipated growth in the paper industry is poised to propel the reactive dyes market in the future. The paper industry involves the production of paper and paper products using wood pulp or other fibers. The expansion of the paper industry leads to an increased demand for vibrant and durable colored paper products. Reactive dyes play a crucial role in coloring paper and paper products, especially as the industry diversifies its products and adopts advanced printing technologies. For example, in September 2022, the International Energy Agency reported a global paper output of 415 metric tons in 2021, reflecting a 4% improvement over 2020. Additionally, in May 2022, the Indian Paper Manufacturers Association projected that India's paper consumption would grow annually at a rate of 6 to 7%, reaching 30 million tonnes by the fiscal year 2026-27. Therefore, the expanding paper industry is fueling the growth of the reactive dyes market.
Product innovation emerges as a key trend gaining traction in the reactive dyes market, with major companies focused on developing new technological solutions to enhance their position. For example, in November 2021, Huntsman International LLC introduced the third generation of its 'AVITERA SE' polyreactive dye. Uniquely designed with low-temperature and high-speed wash-off technology, this dye reduces water and energy requirements by up to 50% and increases mill output by up to 25% or more. The dye exhibits high chlorine resistance and is tailored for strict Japanese and US laundering requirements.
Major companies in the reactive dyes market are investing in the development of new reactive dyes with reduced processing times to gain a competitive advantage. Processing time in dyeing refers to the duration during which a material undergoes the dyeing process to achieve the desired color or pattern. For instance, in June 2023, CHT Group launched the BEZAKTIV ONE, a range of reactive dyes designed for water and energy-efficient dyeing processes with reduced processing times. This innovative collection offers strong dyes, enabling cost-effective and eco-friendly dyeing with superior wash-off performance. Addressing environmental concerns in textile production, BEZAKTIV ONE is suitable for cotton and other cellulosic fibers. The CHT Textile Dyes App's BEZAKTIV Soaping Advisor facilitates easy process optimization for textile dyers.
In February 2023, Archroma acquired Huntsman Textile Effects GmbH for an undisclosed amount. This strategic acquisition is expected to combine resources, providing fashion brands and the global textile industry with high performance and innovation while respecting natural resources. Huntsman Textile Effects GmbH is a Germany-based global provider of high-quality dyes, chemicals, and digital inks to the textile industries.
Major companies operating in the reactive dyes market report are Archroma Corporation, Kiri Industries Ltd., Nippon Kayaku Co. Ltd., Sumika Chemtex Co.Ltd., Colourtex Industries Private Limited, Roop Dyes & Intermediates, Kevin Dyes And Chemical Pvt. Ltd., Zhejiang Jinguang Chemical Industry Limited, The Kyung-In Synthetic Company, Bezema Colour Solutions, Everlight Chemical Industrial Corp., Bodal Chemicals Ltd., Eksoy Chemicals India Pvt. Ltd., Sumitomo Chemical Co. Ltd., Zhejiang Runtu Co. Ltd., Hubei Chuyuan Group Co. Ltd., Anoky Co. Ltd., Vibfast Pigments Pvt. Ltd., Dominion Colour Corporation, Neochem Industries, DCL Corporation, Trust Chem Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., Changzhou Longyu Pigment Chemical Co. Ltd., Pidilite Industries Ltd., Jeco Group, Xinguang Group Co.Ltd., Sanyo Color Works Ltd., Sunlour Pigment Co. Ltd., Flint Group, Cappelle Pigment .
Asia-Pacific was the largest region in the reactive dyes market in 2023. The regions covered in the reactive dyes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the reactive dyes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The reactive dyes market consists of sales of aminochlorotriazine and dichloroquinoxaline. 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.