Dye Stuff Market to Grow at 8.3% CAGR during the Period 2016 to 2023

The Global Dye Stuff Market is expected to witness a significant growth of USD 258.79 million by 2023 with CAGR of 8.3 % between 2016 and 2023.

Dye stuff is part of chemical industry since ancient history, main source of dye stuff are natural and synthetic dye stuff. Ultimately, the natural dyestuff was losing the market due to easily availability and cheap cost of synthetic dyestuff. Presently, due to strict government regulations of using synthetic dyestuff, the demand of natural dyestuff is again increasing in the market, in the industry of paper, textile, and leather. Dyestuff is used in various applications such as textile dye, leather dye, paper dye, wood dye, and others, by different types such as disperse dye, direct dye, reactive dye, vat dye, acid dye, cationic dye, sulfur dye, and others. In addition, growth of textile and leather industry are the major industries for consumption of dye stuff especially in APAC region by contributing the major countries such as China, India, Thailand, and South Korea.

Key Players and Competitive Analysis:

Key Players of the Global Dye Stuff Market are Clariant International Ltd. (Switzerland), Lanxess AG (Germany), BASF SE (Germany), Orion Colorchem Industries (India), Setaş Color Center (Turkey), Synthesia, a.s (Europe), Synthetic Corporation (South Korea), Avocet Dye & Chemical Co. Ltd (UK), Arkema SA (Europe), Huntsman Corporation (Texas), and others.

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Expansion and new product developmet are the key strategies followed by major industry players for growth of dye stuff market for instance on 29th November 2016, Clariant International Ltd introduce a new range of aluminium dyes for indoor and outdoor applications. Its ranges of dyes and aluminium finishing chemicals are manufactured according to strict Swiss safety and environmental requirements. The benefit of this new product development will be, that it can increase more customer on account of exterior applications in especially in Paris, France, and Germany.

Regional Analysis

In geographical terms, Asia Pacific is the largest market of dye stuff due to demand in various industry such as textile, leather, and paper, in China region followed by India. Increasing demand for textile industry in the China, India, Taiwan, and South Korea has made Asia Pacific largest consumer of the global dye stuff market followed by increasing in the consumption of dye stuff market in Europe region. In Europe region, dye stuff market is mainly drive by textile industry. In addition, the third largest market of dye stuff is North America region due to large consumption in textile, paper, and leather industry. Latin America and Middle East also witnessed in growth of dye stuff market due to various application such as textile dye, leather dye, paper dye, wood dye, and others.

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Market Segmentation:

Global dye stuff market is segmented by source, composition, types, application, and region. On the basis of source the dye stuff market is divided by natural, synthetic dye stuff. Natural dyestuff are dyes derived from plants, invertebrates, or minerals. From the plants, natural dyestuff found from berries, leaves, roots, wood, and bark. Furthermore, tea, coffee, berries, bark, vegetables, and others can also considered as natural dyestuff. Plant based natural dyestuff such as madder, saffron, and indigo, were raised commercially and were important trade goods in the Asia Pacific and Europe region. On the other hand, the production of synthetic chemical dyestuffs has become huge business in chemical industry, but somehow the manufacture and application of synthetic dyestuff is one of the world’s most polluting productions. They are used in preparing wood, straw, leather, fibers especially the acrylics, and paper discharge printing. Synthetic dyes are available in wide range in market according to their applications, such as cationic dyes, direct dyes, acid dyes, sulphur dyes, azoic dyes, and others.

Furthermore, on the basis of composition the dye stuff market is divided by inorganic and organic dyestuff. On the other hand on the basis of types the dye stuff market is divided by disperse dye, azo dye, direct dye, reactive dye, vat dye, acid dye, cationic dye, sulfur dye, and others. Among all reactive dye covers the largest market share especially in India. On the other hand, disperse dyestuff are water-insoluble dyestuff which dye acetate fibers and polyester. Disperse dyestuff molecules are the smallest dyestuff molecules among all the given dyestuff. The main applications disperse dyestuff in the textile fibers market is anticipated to urge the global dyestuff market. The major driving factors for disperse dyestuff market is due to growing consumer demand for color alternatives in various product categories and growth in end user industries. Whereas, direct dyestuff are used on cotton, paper, leather, wool, silk and nylon due having strong features such as soluble in water, has strong affinity to cellulose fiber, comparatively cheap, and easily diffusible into fiber. Next, is reactive dyestuff which chemically reacted with the fibers with the formation of covalent bond between the dye and the fiber Reactive dye most commonly used in dyeing of cellulose like cotton or flax, but also wool is dye-able with reactive dyes. Moreover, on the basis of application dye stuff the market is segmented into textile dye, leather dye, paper dye, wood dye, and others, among all application textile industry occupied the highest market share.

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