A global shift towards environmentally friendly products coupled with accelerated consumer spending is expected to be the key driving factor for the organic dyes market over the next seven years. Dyes are classified into reactive dyes, sulfur dyes; disperse dyes, acid dyes, VAT dyes, and direct dyes. Organic dyes market is classified based on application into textiles, leather, paper, plastics, constructions, paper & specialty, printing inks, paints, and coatings. Textile is the dominant application for the organic dye market which in turn is expected to fuel the demand over the forecast period. Organic dyes manufacturing industry is still in its infancy stage as research product development is carried out by industry participants. Organic dyes market demand is expected to be driven by technological development and increased printing ink demand along with growing infrastructure. This market is projected to grow owing to expanding manufacturing base aided by a wide variety of product choices over the forecast period. Market demand is expected to stem from increasing quality and performance coupled with stringent government environmental regulations.
Asia Pacific is expected to experience highest consumption owing to India and China being the largest producers and consumers of dyes. Increase in per capita disposable income coupled with population expansion in emerging economies of Asia Pacific and Central & South America is expected to drive organic dyes market over the forecast period. Export opportunities are expected to be a key driving factor fuelling organic dyes market demand. Increased end-user industries demand is also slated to fuel organic dyes market demand.
Organic dyes markets demand is anticipated to grow both in value as well as volume owing to development in production technology and expanding consumer base. High capacity utilization rates are expected to drive prices upwards and raw material price volatility coupled with global overcapacity might restrain market growth and are slated to pose challenges to market players. Slow growth in printing inks and moderation is vehicle productions are also expected to serve as factors posing market challenges to industry participant’s growth. Environmental concerns are anticipated to act as restraints to this market. Advances in printing inks and cheap labor are expected to create lucrative opportunities in the organic dyes market. Different and new textile colors coupled with innovative designs might also create opportunities for market players. Performance and quality standards are also expected to create opportunities for market players. Innovative organic dyes in the textile sector yield opportunities for industry players to make it a niche market.
The global organic dyes market has witnessed a recent shift of manufacturing base from mature markets of North America and Europe to emerging economies of Asia Pacific. Countries in Asia Pacific such as China, India, Bangladesh, and Vietnam are characterized by the availability of low labor costs which in turn is expected to be an attractive investment for major industry participants. China is expected to remain the dominant consumer and producer of organic dyes India witnessed significant growth in the past few years owing to tax and excise concessions for infant and small industries. The fastest growth is expected to be in paints and coatings on account of increased construction expenditures by North America.
Key players operating in the organic dyes market include Altana Ag, Cathay Pigments, Inc., DIC Corp., Sun Chemical Corp., Dainichiseika Color & Chemicals Mfg. Co. Ltd., E.I. du Pont de Nemours and Co., Ferro Corp., Heubach GmbH, Ishihara Corp., KemiraOyj, Kronos Worldwide Inc., The Shepherd Color Co., Toyo Ink SC Holdings Co. Ltd., and Tronox Inc., Basf Se. Other players include Kiri Industries Ltd., Clariant International Ltd., Cabot Corp., CPS Color AG, ECKART GmbH, Flint Group, Huntsman Corporation, Kronos Worldwide, Inc., LANXESS AG, CRISTAL, Rockwood Holdings, Inc., Zhejiang Longsheng Group Co. Ltd, Sudarshan Chemicals, Tronox Ltd., Huntsman International LLC.
Avail customized purchase options to meet your exact research needs:
Get your queries resolved from an industry expert.
Design an exclusive study to serve your research needs.
A testimonial for service in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."
The prevailing pandemic situation has led to weakened demand for paints and coatings in automotive, construction, electronics, and white goods. The path to recovery of growth for the industry is highly dependent on the duration of restrictions imposed and their influence on economic activity across the globe. Contrary to the trend prevalent in the industry in general, certain segments of the market such as antimicrobial coatings are witnessing a surge in demand in healthcare and food industries. The report will account for Covid19 as a key market contributor.