Organic Dyes Market size statistics shows significant growth rate due to technological development and growing printing inks demand from packaging industry.
— Organic Dyes Market size statistics shows significant growth rate due to technological development and growing printing inks demand from packaging industry. Increasing socio-economic factors in emerging economies has a positive impact on food, personal care and pharmaceutical industry which will also trigger packaging industry and thus help make promising gains to the overall organic dyes market share by 2025. Organic dyes makes packaging more aesthetically appeasing which is an important factor in customer’s decision making process. More than 3.49 trillion packages were sold globally in 2017 which were used for packaging in food & beverage, personal care, homecare products, electronic industry, etc.
According to Paperex, the global packaging market was worth around USD 590 billion in 2015 and is expected to reach USD 770.5 billion by 2020. The aforementioned trends will make notable contribution to the overall organic dyes market size by 2025. Also, stringent environmental regulations are likely to trigger product demand owing to no emissions release in its manufacturing process as compared to conventional dyes available in the market.
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Based on dying process, organic dyes market share is segmented into acid, basic, mordant, direct, reactive, vat, azo, others. Dyeing process is generally completed by dissolving the colorant into a suitable solution and bringing it into contact with the substance to be dyed. For instance, acid dyes are applied to textile at relatively low pH. These dyes attach to fibers by Van der Waals forces and hydrogen bonding. As acidic dyes are anionic in nature, they are available as sodium salts in the market.
Based on sources, organic dyes market is segmented by animal source, plant source and mineral source. Animal source is further divided into cochineal insect, lac, murex snail, octopus and others. Plant source is divided into catechu, Himalayan rhubarb, kamala tree, larkspur, indigo and others. Mineral source is segmented into ochre, malachite, azurite and others. Ochre based dye is a mixture of ferric oxide and clay & sand. The color range of ochre is from light yellow to deep orange to brown depending upon the concentration.
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Based on application, organic dyes market share is segmented into agriculture, paints & coatings, textiles, detergents & soaps, pulp & paper, inks & toners, plastics, food, drug & cosmetics, packaging and others. Textile industry is likely to contribute significantly to the market owing to growing demand for apparels, mainly from emerging economies like China, Mexico, India, Bangladesh and Vietnam. Growing population in the aforementioned countries is the key parameter responsible for triggering the textile overall industry thereby likely to drive the growth of organic dyes market size by 2025.
Organic dyes market share is witnessing a new trend of shifting manufacturing base from developed markets of North America and Europe to developing economies of Middle East and Africa and Asia Pacific. Asia Pacific countries such as India, Thailand, Bangladesh, Vietnam are known by availability of low cost labor which is expected to be an attractive investment opportunity for various industry players. China is anticipated to maintain its dominant consumer position whereas India will witness significant growth in coming years due to tax and excise concessions for small and medium scale industries.
Partial Chapter of the Table of Content:
Organic Dyes Market, By Dyeing Process (USD Million)
Organic Dyes Market, By Source (USD Million)
• Cochineal insect
• Murex snail
• Himalayan rhubarb
• Kamala tree
Organic Dyes Market, By Application (USD Million)
• Paints & Coatings
• Detergents and Soaps
• Pulp and Paper
• Inks and Toners
• Food, Drug & Cosmetics
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Various industry players in organic dyes market share include Huntsman International LLC, BASF SE, Altana Ag, Cathay Pigments Inc., DIC Corp., Clariant International Ltd., Sun Chemical Corp., Rockwood Holdings, Sudarshan Chemicals, Cabot Corporation, etc. Key companies are forming alliances with other players in the market to develop new products and strategies to tap the growing potential. For instance, Organic Dyes & Pigments LLC recently acquired Rhode Island based Eastern Color and Chemical Company. The company has a long history of providing organic dyes and specialty chemicals to leather, textile, plastic and paper industries.
Name: Arun Hedge
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Organization: Global Market Insights, Inc.
Release ID: 88912141