Synthetic Dyes Market worth $8.7 billion by 2027 | Key players operating in the market include Huntsman Corporation, Archroma, Kemira Oyj, Lanxess AG, Milliken

The global Synthetic Dyes Market size is estimated at USD 6.3 billion in 2022 and is projected to reach USD 8.7 billion by 2027, at a CAGR of 6.5%. The growth in end-use industries such as textile, food & beverage, personal care, building & construction, and pulp & paper is driving the demand of synthetic dyes. The low cost of manufacturing in the Asia Pacific region also drives the synthetic dyes market.

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Based on type, synthetic dyes market is segmented into acid dyes, reactive dyes, disperse dyes, direct dyes, basic dyes, solvent dyes, and others. Reactive dyes and disperse dyes are the majorly used types of synthetic dyes. Superior technical properties and cost effectiveness drives the demand of these types of synthetic dyes.

Based on application, synthetic dyes market is segmented into tanning, dyeing, paints & coatings, printing inks, and others. Dyeing application accounts for the largest market share of the synthetic dyes market. The growth in the demand of various textile products drives the synthetic dyes demand in the dyeing application.

Based on form, synthetic dyes are segmented as liquid dyes and powder dyes. Liquid dyes account for the larger market share as compared to powder dyes. Liquid synthetic dyes are preferred for use in various applications owing to their properties such as extended shelf life, good affinity, optimum depth, and high solubility.

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Based on structure, synthetic dyes market is segmented into anionic, cationic, and non-ionic dyes. Non-ionic structured dyes include the most widely used types of synthetic dyes such as reactive dyes and disperse dyes, which makes non-ionic segment the largest segment of the market.

Based on end-use industry, the synthetic dyes market is segmented into textile, leather, pulp & paper, building & construction, food & beverage, personal care, and others. Textile industry is the largest consumer of synthetic dyes. It is also projected to be the fastest growing industry for the synthetic dyes market. Synthetic dyes are used in textile industry for the dyeing/coloring of various textile products including clothing, home textile, and automotive textile.

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The Asia Pacific region accounted for the largest market share in 2021 and it is also projected to be the fastest growing market for synthetic dyes during the forecast period, in terms of value. Various factors such as high population, increase disposable income, and rising industrialization, drives the demand of synthetic dyes in Asia Pacific. Asia Pacific has several emerging economies including China, India, Indonesia, Bangladesh, and Vietnam which supports the growth of the market. Furthermore, low cost of manufacturing in this region is the expected to fuel the growth of the synthetic dyes market.

Huntsman Corporation (US), Archroma (Switzerland), Atul Ltd. (India), Zhejiang Longsheng Group Co., Ltd. (China), Lanxess AG (Germany), Milliken (US), Kiri Industries Ltd. (India), Heubach Gmbh (Germany), Kemira Oyj (Finland), Bodal Chemicals Ltd. (India), Cromatos (Italy), and Solenis LLC (US) are some of the major players operating in the synthetic dyes market.

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