Kenneth Research recently added a report on the Global Organic Dyes Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that Europe is the second-largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Organic Dyes Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Organic Dyes Market is valued approximately USD 3.3 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.8 % over the forecast period 2020-2027. Organic Dyes is used to impart colour to textiles, paper, leather, and other materials. It is a done in such a way that the colouring is not easily altered by washing, heat, light, or other factors. They are used in many industrial processes such as fabric, woven, leather, textile, pulp and paper, tanneries, cosmetic, pharmaceuticals, food processing, agricultural research, electroplating, and distillers. Colour has always fascinated humans, for both aesthetic and social reasons. There are thousands of color variants available in the market according to the consumer demands and to influence them. Accordingly, environmentally friendly products along with the consumer spending are expected to drive the market growth. Further, technological development, increased printing ink demand, increase in manufacturing industries has led the adoption of Organic Dyes across the forecast period. For Instance: In 2020, Huntsman Textile Effects and Bao Minh Textile partnered to produce fabric for medical gowns. In 2016, Eckart launched its new pigment portfolio and a new “illoom” concept at the packaging innovations exhibitions in London. In 2016, Huntsman launched a new titanium dioxide pigment, HOMBITAN AFDC 101 for the cosmetic application. However, high cost of natural dyes is high as compared to that of inorganic dyes due to limitation of raw materials impedes the growth of the market over the forecast period of 2020-2027. Also, with the increase in investments in research & development activities and stringent government environmental regulations, the adoption & demand for Organic Dyes is likely to increase.
The regional analysis of global Organic Dyes market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to large production and increasing quality & performance in the traditional products which makes them demanded internationally. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2022-2031. Factors such as rising disposable income, increase in construction sector and Asia being manufacturing hub would create lucrative growth prospects for the Organic Dyes market across Asia-Pacific region.
Major market player included in this report are:
Cathay Pigments, Inc.
Sun Chemical Corp.
Dainichiseika Color & Chemicals Mfg. Co. Ltd.
E.I. du Pont de Nemours, Co.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Paints and Coatings
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2022 to 2031
Target Audience of the Global Organic Dyes Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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