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Acid Dyes Market Size, Share, Growth, Research Report And Forecast 2033
Acid Dyes Market Size
According to The Business Research Company's, The acid dyes market size has grown rapidly in recent years. It will grow from $3.98 billion in 2023 to $4.43 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to textile industry growth, increasing demand for synthetic fibers, globalization of textile manufacturing, regulatory compliance and environmental concerns, expanding application in other industries.
The acid dyes market size is expected to see rapid growth in the next few years. It will grow to $6.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to growing demand for sustainable dyes, expansion of technical textiles, shifts in consumer preferences, rise of smart textiles, global economic trends. Major trends in the forecast period include regulatory compliance and certification, rising environmental awareness, innovations in dyeing techniques, digitalization and industry 4.0 integration, innovation in dyeing techniques.
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Market Drivers and Trends:
The increasing demand of the textile industry is expected to propel the growth of the acid dyes market going forward. The textile industry refers to the system or sector in which textile and fabric materials are developed, produced, processed, manufactured, and distributed. Acid dyes are typically used to dye various kinds of materials or fibers in addition to natural fibers such as wool, silk, jute, and other synthetic fibers, typically used to color the textiles, as a result, increasing demand for textile industry increases the demand for acid dyes. For instance, in 2021, according to the National Council of Textile Organizations, a US-based unique association representing the entire spectrum of the textile sector, the value of U.S. man-made fiber and filament, textile, and apparel shipments totalled an estimate of $65.2 billion in 2021, up from $60.8 billion in 2020. Additionally, the U.S. export of fiber, textiles, and apparel increased to $22.7 in 2021 from $19.4 in 2020. Therefore, the increasing demand of the textile industry will drive the acid dye market.
Technology advancements are a key trend gaining popularity in the acid dyes market. Companies operating in the acid dyes market are adopting new technologies to sustain their position in the market. For instance, in March 2022, Archroma, a Switzerland-based specialty chemical company, launched two new technologies in acid dyes for navy and black sportswear that are metal- and halogen-free. The new Nylosan Navy S-3R and Black S-3N, created especially by Archroma for polyamides and blends, are REACH certified, Bluesign authorized, and ZDHC level 3 compliant and are reported to exhibit the same color constancy as the dyes used in many major color standards.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Clarian International Ltd.; Atul Limited; BASF SE; Zheijiang Jihua Group Co. Ltd.; Rudolf GmbH; Kiri Industries Ltd.; Hubei Chuyuan Fine Chemical Co. Ltd.; Gayatri Group; Equinox Impex India; Meera Dyestuff Industries; Shanghai Anoky Group Co Ltd.; Tianjin Yadong Group Co Ltd.; Lonsen Kiri Chemical Industries Limited; Seta Corporation; Hangzhou Dikai Chemical Co Ltd.; Huntsman Corporation; Keystone Aniline Corporation; Colourtex Industries Private Limited; Cromatos Industria Quimica Ltd.; Everlight Chemical Industrial Corporation; Runtu Co. Ltd.; Jihua Group Corporation Limited; Transfar Group Co. Ltd.; Yabang Chemical Group Co. Ltd.; ANOKY (Shanghai) Co. Ltd.; Jiangsu Jinji Industrial Co. Ltd.; YaBuLai Dyestuff Co. Ltd.; OHYOUNG Chemical Co. Ltd.; Taiwan Jeanwan Chemicals Co. Ltd.; Oriental Giant Dye & Chemical Inc.; Archroma Management LLC
Acid Dyes Market 2024 Key Insights:
• The acid dyes market will grow to $6.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
• Rising Expansion Of Textile Industry To Drive Market Growth
• Technological Advancements Driving Innovation In Acid Dyes Market
• Asia-Pacific was the largest region in the acid dyes market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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