Dyes Market Research Report—Global Forecast till 2030

Dyes Market Research Report Information by Product Type (Reactive Dyes, Disperse Dyes, Vat Dyes Direct Dyes, Acid Dyes and Others), By Application (Textile, Leather, Paper, Printing Inks and Others) And By Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast Till 2030

ID: MRFR/CnM/10586-CR | 128 Pages | Author: Priya Nagrale | September 2023         

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Global Dyes Market Overview

Dyes Market Size was valued at USD 27,368.52 Million in 2021. The Dyes industry is projected to grow from USD 28,547.38 Million in 2022 to USD 43,576.21 Million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.4 % during the forecast period (2023 - 2030).   Growth in end use industries and growing demand for colored plastics and increase in demand for printing inks are projected to fuel the growth of the Dyes Market.

Dyes Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Dyes Market Trends

  • Increasing prevalence of environment friendly & sustainable products in the market

Consumers are becoming more conscious of the impact of their consumption on the environment, and they are increasingly choosing products that are environmentally friendly. This trend is driving the demand for eco-friendly dyes that are obtained from natural sources such as plants, vegetables, and fruits. Natural dyes are biodegradable and have a lower impact on the environment compared to synthetic dyes. Producers are also recognizing the importance of providing products that are less hazardous to the environment and are taking it as their corporate social responsibility to reduce their carbon footprint. They are investing in research and development to develop new eco-friendly dyes that meet the growing demand for sustainable products. The increasing demand for naturally obtained dyes that are eco-friendly is expected to drive the growth of the dyes market in the future. Manufacturers are focusing on the development of new natural dyes that are high in quality, cost-effective, and meet the growing demand for sustainable products. As a result, the dyes market is expected to witness significant growth in the coming years.

Furthermore, consumers are also willing to pay a higher price for such products. Thus, this new wave of using eco-friendly products is providing huge opportunities for synthetic dye manufacturers. For instance, Archroma has developed bio- synthetic dyes using its EarthColors technology. There is a growing consumer consciousness to purchase eco-friendly clothing & garments. Dyers are opting for low- VOC technologies and eco-friendly products to counter this problem. Consumers are also willing to pay a higher price for such products. Thus, this new wave of low-VOC products is providing huge opportunities for several clothing manufacturers who are into developing eco-friendly dyestuffs. As a result, Dyes Market revenue expansion is anticipated to be fueled by prevalence of environment friendly & sustainable products in the market.

Dyes Market Segment Insights

Dyes Market Product Type Insights

The Dyes Market segmentation, based on product type, includes reactive dyes, disperse dyes, vat dyes direct dyes, acid dyes and others. The reactive dyes segment held the majority share in 2022 contributing to around ~54-58% with respect to the Dyes Market revenue. Reactive dyes are among the class of organic compounds that are primarily used for dyeing textiles. Reactive dyes possess properties to form covalent bonds with substrates that are to be colored, and they also form chemical bonds with fiber, which is the main component of cotton fibers. Reactive dyes become a part of the fiber, making it less likely to be washed away. Reactive dyes are primarily used in the cotton, silk, nylon, and wool textile industries.  Moreover, frequently changing fashion trends along with a rise in popularity of branded clothes is expected to drive the textile industry and thus the reactive dyes market during the forecast period.

Dyes Market Application Insights

The Dyes Market data has been bifurcated by application largely into textile, leather, paper, printing inks and others. The textile segment dominated the market in 2022. Synthetic dyes are widely used in the textile industry for dyeing/coloring of various textile products. These are preferred for use owing to their low cost and high performance than that of natural dyes. Textile dyes are widely used as colorants in the apparel industry and are expected to be the fastest-growing segment in the market during the forecast period.

Figure 2: Dyes Market, by Application, 2022 & 2030 (USD Million)

Dyes Market, by Application, 2022 & 2030

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Dyes Region Insights

By Region, the Dyes Market industry study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Asia-Pacific Dyes Market accounted for USD 18,237.39 million in 2022 and is expected to exhibit a 5.9% CAGR during the study period.

Figure 3: DYES MARKET SHARE BY REGION 2022-2030 (%)


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The increasing call from the end-user businesses, escalated customer spending owing to the lifestyle change, and rising disposable income are some of the factors driving the expansion of the North American dyes market. The rising shift towards eco-friendly products together with escalated customer spending is estimated to be the major driving factor for the organic dyes market in the next seven years. The natural dyes manufacturing business is still in its infancy stage as research product development is carried out by business participants. The increasing application of dyes to impart visually aesthetic products in the fabrics and the adoption in end-users like paints, paper, and others are supporting the rapid expansion of the North American dyes market. The textile industry is one of the largest consumers of dyes in North America, with the United States being one of the largest textile markets globally.

The rapidly growing leather industry in Europe is creating several new opportunities for this market and increasing product consumption in leather to further manufacture footwear, furniture, automotive industry, cloths, and other leather products. In recent years, there has been a growing demand for sustainable and eco-friendly dyes in Europe dyes market. This has been driven by consumer awareness about environmental issues and the increasing trend towards sustainable and eco-friendly products. The demand for natural dyes, such as plant-based dyes and dyes made from renewable sources, has been increasing in Europe. Germany is expected to dominate the market for textile dyes during the forecast period due to increased demand for the fibers dyes segment in the apparel industry. In addition, rising income levels is among the primary factors driving the growth of the apparel industry.

Asia Pacific region is expected to hold the major share of the Dyes Market owing to a large number of Dyes brands such as in various countries such as Tosside, Asics Corporation, Jockey, and many others. Also, developing countries such as China and India hold a large amount of footwear production. Rising disposable incomes, a rapidly growing retail industry, an increasing shift toward sports and athletic activities, and the growing importance of maintaining formal attire in corporate office settings in countries such as China, Bangladesh, Pakistan, and India are expected to have a positive impact on market growth in APAC.

Dyes Key Market Players & Competitive Insights

Major market players’ growth depends on market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and improving services. Many global, regional, and local vendors characterize the dyes market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

BASF SE (BASF) is a chemical enterprise that engages in the manufacturing, promotion and distribution of various products, such as chemicals, plastics, crop protection and performance products. BASF SE is a German multinational chemical company that operates in six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The company's product line encompasses a wide array of offerings, such as solvents, adhesives, dyes, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides. BASF serves an extensive range of industries including construction, furniture and wood, agriculture, electronics and electrical, paints and coatings, automotive, home care, nutrition, chemicals, and other related sectors.

Clariant AG is a Switzerland-based specialty chemicals company that is focused on creating sustainable, high-value specialty chemicals. The company operates in four business areas: Care Chemicals, Catalysis, Natural Resources, and Plastics and Coatings. Clariant provides solutions for a wide range of industries, including agriculture, automotive, construction, and consumer goods. Clariant, a specialty chemical company focused on sustainability and innovation, has announced that it has reached definitive agreements to sell its Pigments business to a consortium comprising Heubach Group and SK Capital Partners. Clariant’s Pigments business is a leading global provider of superior quality organic pigments, pigment preparations and dyes which are used in many applications such as the automotive industry, for industrial and architectural coatings as well as for the plastics industry.

Key Companies in the Dyes Market include:

  • BASF SE (Germany)

  • Clariant AG (Switzerland)

  • Archroma (Switzerland)

  • Sudarshan Chemical Industries Limited (India)

  • Atul Ltd. (India)

  • Huntsman Corp. (US)

  • JAY Chemical Industries Private Limited (India)

  • Lanxess AG (Germany)

  • Kiri Industries Limited (India)

  • Meghmani Group (India)

Dyes Industry Developments

October 2022: Archroma and Panatronix, an Italian business specializing in ultrasonic cleaning for the textile denim sector, entered into a partnership to develop an alternative to the conventional yarn washing procedure and its associated excessive water consumption and contamination.

October 2020: Huntsman Textile Effects and Phong Phu International (PPJ) entered in a strategic partnership agreement that aims to promote PPJ's growth in Vietnam as a leading manufacturer of sustainable, high-performance textiles and garments for many of the world's leading brands and retailers.

May 2019:Lanxess AG completed the expansion of its Macrolex dyes production plant in Germany This expansion will help the company to address the demand for high-quality dyes in the plastics industry.

Dyes Market Segmentation

Dyes Market Product Type Outlook

  • Reactive Dyes

  • Disperse Dyes

  • Vat Dyes

  • Direct Dyes

  • Acid Dyes

  • Other Dyes

Dyes Market Application Outlook

  • Textile

  • Leather

  • Paper

  • Printing Inks

  • Others

Dyes Market Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Russia

    • Poland

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • New Zealand

    • Australia

    • Rest of Asia-Pacific

  • Middle East & Africa

    • GCC Countries

    • South Africa

    • Rest of the Middle East & Africa

  • South America

    • Brazil

    • Mexico

    • Argentina

    • Rest of South America

Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 28,547.38 Million
Market Size 2023 USD 29,818.78 Million
Market Size 2030 USD 43,576.21 Million
Compound Annual Growth Rate (CAGR) 5.4 % (2023-2030)
Base Year 2022
Forecast Period 2023-2030
Historical Data 2019 – 2021
Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Product Type, and Application
Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and, Saudi Arabia, UAE, Brazil, Argentina, and others
Key Companies Profiled BASF SE (Germany), Clariant AG (Switzerland), Archroma (Switzerland), Sudarshan Chemical Industries Limited (India), Atul Ltd. (India), Huntsman Corp. (US), JAY Chemical Industries Private Limited (India), Lanxess AG (Germany), Kiri Industries Limited (India), Meghmani Group (India)
Key Market Opportunities ·       Demand for sustainable goods in the market
Key Market Dynamics ·       Growth in end use industries ·       Increase in demand for printing inks

Frequently Asked Questions (FAQ) :

As of 2022, Dyes is worth USD 28,547.38 million.

The Dyes Market is growing at a CAGR of 5.4%.

The Asia-Pacific region holds the largest market share in the Dyes market.

BASF SE (Germany), Clariant AG (Switzerland), Archroma (Switzerland), Sudarshan Chemical Industries Limited (India), Atul Ltd. (India), Huntsman Corp. (US), JAY Chemical Industries Private Limited (India) are some of the prominent players in the market.

The thermosets segment in the Dyes Market is leading commercial market growth.

The transportation segment has the largest market share.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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