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Dye Stuff Market is expected to witness a significant growth of USD ~ 258.79 million by 2023 with CAGR of ~8.3 %

Global Dye Stuff Market Information- by Form (Natural, Synthetic), by Composition (Organic, Inorganic), by Process (Disperse Dye, Direct Dye, Reactive Dye, Vat Dye, Acid Dye, Cationic Dye, Sulfur Dye, and Others), by Types, by Application, and by Region - Forecast till 2023

— Synopsis of Dye Stuff Market:
In Chemical Industry, dyestuff plays an important role which enhance the growth of Chemical Market, the applications and production of dyestuff is one the oldest chemical industry of human activities. In addition, the natural Dyestuff using since period of ancient. Presently, synthetic Dyestuffs has covered larger share of Dye Stuff Market, and available in several types such as azo dyes, cyanine dyes, nitroso dyes, anthraquinone dyes, nitroso dyes, and other. Moreover, textile, carpet, and garment industry is one of the biggest and most prominent sectors as consumption of the dyes are used in textile industry. Presently, by the types markets for dyestuff are primarily dominated by reactive and disperse dyes. In region such as China, South Korea, and Taiwan is considering as strong players in term of disperse dye stuff, whereas India has occupied lead in production of reactive dyestuff. 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.

Growth of various industry such as textile, leather, paper, wood, and others are the major drivers of Dye Stuff Market especially in APAC region. Asia-Pacific is expected to be the fastest growing markets for dye stuff where growth is driven by the countries such as India, China, and Japan. In addition, increasing market of textile industry will increase the consumption of Dye Stuff Globally. Furthermore, stringent environmental regulations for synthetic based Dye Stuff can hamper the market growth in future.

Key Players:
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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Market Overview:
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. It is expecting that during 2016-2023 the Global Dyestuff Market will grow with the CAGR of 8.3%.

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.

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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.

Key Points from Table of Content:

14. Company Profiles

14.1 Clariant International Ltd.
14.1.1 Company Overview
14.1.2 Product/Business Segment Overview
14.1.3 Financial Updates
14.1.4 Key Developments

14.2 Lanxess AG
14.2.1 Company Overview
14.2.2 Product/Business Segment Overview
14.2.3 Financial Updates
14.2.4 Key Developments

14.3 BASF SE
14.3.1 Company Overview
14.3.2 Product/Business Segment Overview
14.3.3 Financial Updates
14.3.4 Key Developments

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Source URL: https://marketersmedia.com/dye-stuff-market-is-expected-to-witness-a-significant-growth-of-usd-258-79-million-by-2023-with-cagr-of-8-3/239138

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Source: MarketersMedia

Release ID: 239138


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