Press release
Synthetic Dye And Pigment Market Analysis, Application And In-Depth Qualitative Insights And Future Growth
Synthetic Dye And Pigment Market
The Business Research Company offers in-depth market insights through Synthetic Dye And Pigment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The synthetic dye and pigment market size has grown rapidly in recent years. It will grow from $67.11 billion in 2023 to $73.91 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to growth in emerging markets, government initiatives, reduced interest rates, global population growth and availability of wide range of synthetic dyes.
The synthetic dye and pigment market size is expected to see strong growth in the next few years. It will grow to $105.18 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to rising demand for high performance pigments, high demand from end-user industries. and increasing demand from the packaging industry. Major trends in the forecast period include investing in wide range of high wet-fast disperse dyes production, adoption of iot technology and big data analytics to enhance the manufacturing process and reduce production costs., shifting their manufacturing capacities from the west to low-cost countries to save manufacturing costs, and investing in r&d activities and technological innovation to develop products with enhanced physical and chemical properties.
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Market Segmentation:
The synthetic dye and pigment market covered in this report is segmented -
1) By Type: Synthetic Dye, Synthetic Pigments
2) By Dye Type: Acid Dye, Reactive Dye, Disperse Dye, Basic Dye, VAT Dye, Other Dye Types
3) By Pigment Type: Organic, Inorganic
4) By Application: Textiles, Food and Beverages, Paints and Coatings, Cosmetics and Personal Care, Other Applications
Subsegments Covered: Disperse Dyes, Acid Dyes, Basic Dyes, Direct Dyes, VAT Dyes, Reactive Dyes, Other Dyes, Organic Pigments, Inorganic Pigments, Textile, Food & Beverages, Paper, Ink, Leather, Others, Paints & Coatings, Plastics, Printig Inks, Textile, Cosmetics & Personal Care, Others
Major Driver - Rising Digital Printing Demand Fuels Growth Of Synthetic Dyes And Pigments Market
The synthetic dyes and pigments market is expected to be driven by the rapidly growing packaging industry. This is mainly due to increased demand for toiletries, food and beverages, healthcare, and other industries, particularly in emerging economies. Going forward, the market for synthetic dyes and pigments is expected to grow with the launch of high-quality digital printing applications on flexible packaging and labeling. Growing demand for digital printing due to the need for high-quality printing will lead to an increase in the demand for packaging printing, driving the synthetic dyes and pigments market.
Competitive Landscape:
Major companies operating in the synthetic dye and pigment market report are BASF SE, The Chemours Company, Tronox Holdings plc, Venator Materials PLC, Kronos Worldwide, Inc., Lanxess AG, Merck Group, Altana AG, Archroma Management LLC, DIC Corporation, SETAS, Sudarshan Chemical Industries Ltd., Jet-Mate Canada Inc., K. Sakai & Co. Ltd., Synthesia, Samixcolor S.P.A., Flint Group, PJSC Pigment, Atul Ltd., Cappelle, Taoka Chemical Co. Ltd., Toyo Ink SC Holdings Co., Kiri Industries Ltd., Chromatic India Ltd., Sun Chemicals, John Hogg & Co Ltd., Sciencedye, Ltd., Cathay Industries, Global Colors Z.A.O., Hangzhou Tiankun Chem Co., Meghmani Organics Ltd., Authentix, Qingdao Haiwan Specialty Chemicals Co., Asahi Songwon Colors Ltd., Union Colours, Yaroslavsky Pigment, Dominion Colour Corporation, Hangzhou Chungyo Chemicals, Sensient Technologies, Fitmor, Huntsman, Organic Dyes and Pigments LLC, Clariant International, NISHINO KINRYO CORPORATION, ECKART GmbH, Orion Colorchem Industries, Dainichiseika Color & Chemicals Mfg. Co., NOVACT Corporation, Mifal S.r.l., Abbey Color, Novyi Dom LLC, Heubach GmbH, Hikal Ltd., Arkema, National Industrialization Co.
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Top Trend - Textile Industry Embracing Eco-Friendly Dyes For Sustainable And Health-Conscious Production
Many textile companies are adopting eco-friendly dyes for producing textiles and fabrics. These companies do not use harmful dyes as they cause extensive damage to the environment and are known to cause skin allergies and respiratory diseases. Due to the positive environmental characteristics and low toxicity of eco-friendly dyes, many companies are moving toward eco-friendly organic dyes, though they are priced higher than inorganic dyes. Companies that manufacture eco-friendly dyes include DyStar, Huntsman, and Archroma.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Synthetic Dye And Pigment Market Characteristics
3. Synthetic Dye And Pigment Market Trends And Strategies
4. Synthetic Dye And Pigment Market - Macro Economic Scenario
5. Synthetic Dye And Pigment Market Size And Growth
…..
27. Synthetic Dye And Pigment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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