Paper Dyes Market Analysis

Paper Dye Market Overview

The paper dye market is expected to grow at a high CAGR of 3.02% in the market to account for a higher market value of approximately USD 1,231.3 million by the end of the forecasted period 2030.A colored, ionized, and aromatic organic substance which is applied on the paper as a dye from the aqueous solution is called paper dye. The color pigment in the paper dye is given by the substance present in the paper dye is chromophore which can be extracted and manufactured using basic chemicals. A selective light absorption technique is used to impart color to the paper. Paper dye can be manufactured using natural raw materials or synthetic raw materials. With the increasing urbanization, the demand for paper dye increases and hence leads to the growth of the paper dye market in the market.

COVID 19 Analysis

The situation of the global pandemic of COVID 19 has adversely affected the normal life of the people. With the growing outbreak of COVID 19, now one has to deal with financial crises along with health issues. This situation has pushed the economies towards forced recession. During the lockdown period, most of the manufacturing units of paper dye were shut down which resulted in a steep downfall of sales revenue. The disrupted supply chain also affected the profit margins of the paper dye market.

It is expected that the paper dye market will recover from this pandemic situation at the end of the second quarter of thecoming year.

List of Key Players in the Paper Dye Market

The most prominent major market players in the paper dye market in the global market are as follows:

• BASF (Germany)


• 
  Archroma (Switzerland)


• Atul Ltd. (India)


• Synthesia(Czech Republic)


• KEMIRA OYJ (Finland)


• Axyntis Group (France)


• Vipul Organics (India)


• Keystone Aniline (U.S.)


• 
  Cromatos (Italy)


• Thermax (India)


• Organic Dyes and Pigments (U.S.)

These most prominent major market players in the paper dye market in the global market use various strategies to expand their customer base by doing collaborations, mergers, and acquisitions, establishing a partnership, setting a new joint venture, developing an existing product, developing the new production process to tap the potential market in the global market.

Market Dynamics

• Drivers

The paper dye market is increasing at a fast pace in the global market owing to the use of high-speed sophisticated machines in the production of dye accelerates the growth of the paper dye market in the future. Also, the increasing urbanization and rising digitalization areother major factors that drive the growth of the paper dye market in the global market. Another factor that drives the growth of the paper dye market is the diversity of end-user applications in the global market.

• Opportunities

The paper dye market is increasing rapidly in the global market owing to various growth opportunities present in the paper dye market during the forecasted period. With the introduction of environment-friendly dyes, it is expected that the paper dye market will increase many times in the global market during the forecasted period. Moreover, the increasing use of paper dye in the printing sector providesvarious growth opportunities in the global market.

• Restraints

The paper dye market is increasing constantly in the global market but some factors restrain the growth of the paper dye market in the global market like the shifting trend towards digital media or digital marketing, and digital advertising which reduces the market demand for the paper dye and hence hinders the growth of the paper dye market in the global market. Also, the fluctuations in the price of raw materials along with the lack of awareness are other factors that hamper the growth of the paper dye market in the global market.

Value Chain Analysis

The paper dye market is growing rapidly in the global market and hence adds value to society as it is environment-friendly and does not harm the ecological balance of the environment. The paper dye can be used in various applications like printing, decorative laminated paper, posters, laundry tags, and many others. Also, the paper dye has a long-lasting color-off property which makes it more economical than any other artificial dyes. The use of paper dye is safe as compared to chemical dyes.

Market Segmentation

The paper dye market in the global market has been divided based on type, form, application, and region.

Based on the Type

The paper dye market in the global market has been divided based on the type into sulfurdyes type, direct dyes type, basic dyes type, and acid dyes type.

Based on the Form

The paper dye market in the global market has been divided based on the form into powder form and liquid form.

Based on the Application

The paper dye market in the global market has been divided based on the application into packaging and board, coated paper application, writing and printing, tissues, and many others (posters, label, laundry tag, decorative laminated paper).

Based on the Region

The paper dye market in the global market has been divided based on the region into North American region, European region, Asia-Pacific region, the Middle East and Africa region, South American region, and the rest of the world.

Regional Analysis

The paper dye market in the global market has been divided based on the region into North American region, European region, Asia-Pacific region, the Middle East and Africa region, South American region, and the rest of the world. The largest market share in the paper dye market in the global market is held by the Asia-Pacific region as it is expected to grow at a higher CAGR of 3.12% during the forecasted period.

The second-largest market share in the paper dye market in the global market is held by the European region as it has higher CAGR growthto account for higher market value owing to the presence of powerful countries like Germany, the U.K., Spain, Italy, and Russia. The third-largest market share in the paper dye market in the global market is held by the North American region as it accounts for a higher CAGR of 21% owing to increasing demand for the coating industry in the global market.The demand for the paper dye market is increasing in these regions owing to stringent environmental rules lead by the government of these regions.

Recent Developments

• 
  January 2022: Ahlstrom-Munksjö introduced the EcoJetTM Transfer S Series for applications requiring digital transfer printing. The new product line includes high-quality transfer papers that have superior printing and transfer resolution, rapid ink drying, and high ink acceptance, making them ideal for hard surface image transfer. Digital printing is a cost-effective and time-efficient type of printing that significantly reduces lead time when compared to traditional printing methods. Additionally, it is a more sustainable process because it consumes less water and generates less trash. Digital sublimation printing begins with the placement of printed transfer paper on a surface, followed by the paper and the soft or hard surface being pushed together at a high temperature to bond the ink on the paper to the surface. Ahlstrom-versatile Munksjö's EcoJet range includes both Transfer Paper (Dye Sublimation) and Protection Tissue for digital transfer printing on clothes, home items, technical and visual communication (used to protect and increase the lifetime of the printer, while preventing ink penetration). The EcoJet series is made from wood pulp that has been responsibly obtained and certified in accordance with Forest Stewardship Council criteria.


• The paper dye market is expected to grow the largest in the Asia-Pacific regionowing to the presence of powerful countries like India and China. As the environmental pollution concerns are growing in India drives the demand for the paper dye market in the Asia-Pacific region as the paper dye market is less harmful to the environment.


• The growing trend of advertisement hoardings witness a high increase in the demand for paper dye especially in the liquid form as it does not fade and stays for a longer period and can even survive the harsh climatic conditions and hence propel the paper dye market.


• Owing to the increasing production of paper of about 90,931 thousand tons,the demand for the paper dyes market increases in the European region.


• Keystone Aniline (U.S.) is spending a lot amount on research and development to get a competitive edge in the global market that will reward the company with higher sales revenue in the long run.

Report Overview

The global paper dye market research report consists of the following elements:

• Market Overview


• COVID 19 Analysis


• Market Dynamics


• Value Chain Analysis


• Market Segmentation


• Regional Analysis


• Competitive Landscape


• Recent Developments

This global paper dye market research report consist of the factors that drivethe paper dye market in the global market along with the factors that restrict the growth of the paper dye market. The growth opportunities available in the paper dye market are mentioned. The impact of the global pandemic of COVID 19 is estimated. The future growth rate of thepaper dye market in the global market is estimated and mentioned.

Users

Investors, and trade experts, consulting in chemical experts, government, association, and industrial bodies, suppliers, and traders of dye, manufacturers, and distributors of paper (coating, printing and writing, packaging), manufacturers and distributors of dye, manufacturers, and distributors of paper dye, and others.