Pune, India, February, 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Dye Stuff Market.
Market Research Future has discovered that the global dyestuff market is expected to grow at a healthy CAGR of 8.3% during the assessment period from 2016 to 2023. The growth of the market at the projected rate is expected to yield a market value of USD 258.79 Mn by the end of 2023. Dyestuff refers to a substance that lends color to various substrates. They are highly useful in various end-use industries.
There are namely two types of dyestuff, natural and synthetic. Dyestuff has been used for hundreds of years and has predominant use in the textile sector. The textile industry is truly massive and is growing at a rapid pace. Textile is used in the production of home furnishing, garments, and a number of other items. Consumers prefer and look for a wide variety of color and designs in this sector, and as such, the use of dyestuff for various desired effects is rather high. The growth of the textile industry is mainly due to the expansion of the global population as well as the growing urbanization across the world. Urban consumers often have a preference for trendy clothing of a variety of styles and colors, thus driving the growth of the dyestuff market. Additionally, the growth of other industries where dyestuff is in high demand is also expected to drive the market. Such industries include leather, paper, wood, and several others. The advancement in technology is expected to reveal market opportunities in the coming years.
Notably, the market is held back by concern regarding the hazardous nature of synthetic dyestuff on the environment. Increasingly stringent regulations regarding the same will likely hinder market growth over the assessment period.
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Segmental analysis of the global dyestuff market has been determined on the basis of factors such as form, composition, type, process, application, and region. Forms of dyestuff have been segmented primarily into natural and synthetic. Synthetic dyestuff has a larger share of the market due to the wide variety available with varying effects.
Composition of dyestuff can be either organic or inorganic.
Types of dyestuff include azo dyes, nitroso dyes, cyanine dyes, anthraquinone dyes, and others.
Process has been segmented to include direct dye, disperse dye, sulfur dye, cationic dye, reactive dye, acid dye, vat dye, and others. Reactive and disperse dye segments are among the leading segments in the global market.
Applications of dyestuff can be found in paper dye, leather dye, textile dye, wood dye, and others. Textile is one of the most significant industries for dyestuff and as such the textile dye segment has the largest share of the market.
Regions covered in MRFR's report on the global dyestuff market include Europe, North America, Asia Pacific, Latin America, and the Middle East & Africa.
The Asia Pacific has established itself as the leading regional dyestuff market across the globe. The region has a truly significant textile industry with rapid growth expected in country level markets such as India, China, and Japan. The APAC market is followed by Europe which is in turn, followed by North America. Europe has a high use of dyestuff in its textile industry, while in North America dyestuff is witnessing high demand for textile, paper, and leather applications.
Market participants of note that have been included in MRFR's analysis of the dyestuff market include Synthetic Corporation (South Korea), Arkema SA (Europe), Setaş Color Center (Turkey), Clariant International Ltd. (Switzerland), Avocet Dye & Chemical Co. Ltd (UK), Orion Colorchem Industries (India), Synthesia, a.s (Europe), BASF SE (Germany), Lanxess AG (Germany), Huntsman Corporation (Texas) and others.