About Dyes
Dyes are the colouring material that colour daily used commodities. These are colored substances that are applied in the form of an aqueous solution on variety of substrates. These are used as colorants in many industrial applications including wood stain, food processing, textile processing, and printing inks, among many others. Various types of dyes are acid dyes, disperse dyes, reactive dyes, sulfur dyes, vat dyes, direct dyes, and others. These have high selective absorptivity for liquids & substrates when compared to other color-imparting materials including pigments. With their exceptional absorption characteristics, these dyes lose their physical & structural properties through their application on substrates. These are usually used in surface coating, food, as well as printing applications where high transparency levels for manufacturing finished products is required.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The dyes market is a competitive landscape with a number of major players. Companies are facing a number of challenges, but there are also opportunities for growth, particularly in the areas of product innovation, sustainability, and regional expansion. Analyst at AMA Research estimates that United Kingdom Vendors will contribute the maximum growth to Global Dyes market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lanxess Aktiengesellschaft (Germany), BASF SE (Germany), Haining Hongyu Chemical Co., Ltd. (China), Albemarle Corporation (United States), Tokai Carbon Co., Ltd (Japan), Archroma (Switzerland), Huntsman Corporation (United States), Kiri Dyes and Chemicals Ltd (India), Nippon Kayaku Co, Ltd. (Japan) and Sumitomo Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Jay Chemical Industries Limited (India), Kyung-In Synthetic Corporation (KISCO) (South Korea) and Bodal Chemicals Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Dyes market by Type (Acid Dyes, Disperse Dyes, Reactive Dyes, Sulfur Dyes, Vat Dyes, Direct Dyes and Others), Application (Textile, Leather, Paper, Food, Paints and Others) and Region.
On the basis of geography, the market of Dyes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2022. If we see Market by Source, the sub-segment i.e. Natural will boost the Dyes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Consumer Preference for Environment-friendly Products
Market Growth Drivers:
Rising Demand from the Paint & Coating Industries and Growing Use of Dyes in Textile Industry
Challenges:
High Energy Costs Negatively Impacting Production Units
Restraints:
Raw Material Price Volatility
Opportunities:
Growth in Construction Industry in Asia-Pacific and Strengthening Economies like China and India Attracting New Investments
Market Leaders and their expansionary development strategies
In May 2023, BASF and Evonik collaborated on a project to develop new dyes for OLED displays. This partnership combines expertise in dye chemistry and display technology to push the boundaries of vibrant and energy-efficient displays.
In October 2023, Archroma launched EarthColors™, a new range of dyes made from bio-based and recycled materials. This innovative development marks a significant step towards sustainable dye production and caters to the increasing consumer demand for eco-friendly products.
In United States, (Food and Drug Administration) FDA regulates (dyes) color additives used in the United States. This comprises those used in food (& dietary supplements), cosmetics, drugs, and medical devices. These color additives (except coal-tar hair dyes) are subject by law to approval by the agency & these must be used only in compliance with the approved specifications, uses, & restrictions. During approval process, FDA assesses safety data to confirm that a color additive is safe for its proposed purposes.
Key Target Audience
Dyes Manufacturers, Raw Material Suppliers, Traders, Distributors, and Suppliers of dyes, Government & Regional Agencies and Research Organizations, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.