Synthetic Dye Market Share Analysis, Growth Drivers, Size, Outlook By 2033

Overview and Scope

Synthetic dyes are predominantly organic (carbon-based) chemical compounds that are generally derived from petrochemical derivatives. A dye is a colored substance that has an affinity for the substrate to which the dye is applied. Dyes are applied in an aqueous solution and may require a mordant to make them fast on the fiber. Synthetic dyes are used to impart color to paper, textiles, leather, and other materials. Eosin Y, fast green, basic fuchsin, aniline blue, methylene blue, and orange G are examples of synthetic dyes.

Sizing and Forecast

The synthetic dye market size has grown rapidly in recent years. It will grow from $17.56 billion in 2023 to $19.54 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%.  The growth in the historic period can be attributed to textile industry growth, industrialization, color consistency, cost-effectiveness, durability and stability.

The synthetic dye market size is expected to see rapid growth in the next few years. It will grow to $28.75 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.  The growth in the forecast period can be attributed to sustainability and environmental concerns, demand for customization, health and safety regulations, global fashion trends, consumer awareness. Major trends in the forecast period include rising popularity of technical textiles, innovations in dyeing technologies, advancements in dyeing technologies, regulatory compliance and safety standards, innovation in color fastness and performance.

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Segmentation & Regional Insights

The synthetic dye market covered in this report is segmented –

1) By Type: Aniline Dyes, Chrome Dyes, Anionic Dyes, Cationic Dyes

2) By Product Type: Acid Dyes, Disperse Dyes, Reactive Dyes, Direct Dyes, Basic Dyes, VAT Dyes, Other Product Types

3) By End User Industry: Textile, Food & Beverages, Paper, Ink, Leather, Other End Use Industries

Asia-Pacific was the largest region in the synthetic dyes market in 2023. Western Europe was the second-largest region in the global synthetic dyes market share. The regions covered in the synthetic dye market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The synthetic dye market is expected to be driven by the rapidly growing packaging industry. This is mainly due to increased demand for toiletries, food and beverages, healthcare, and other industries, particularly in emerging economies. Going forward, the market for synthetic dyes is expected to grow with the launch of high-quality digital printing applications on flexible packaging and labeling. Growing demand for digital printing due to the need for high-quality printing will lead to an increase in the demand for packaging printing, driving the growth of synthetic dye market.

Key Industry Players

Major companies operating in the synthetic dye market report are BASF SE, Sumitomo Chemical Co. Ltd., DuPont de Nemours Inc., Huntsman Corp., Clariant International Ltd., Zhejiang Longsheng Group Co. Ltd., Archroma Management LLC, Kemira Oyj, Heubach Gmbh, Dystar Singapore Pte Ltd., DyStar Group, Atul Ltd., Milliken & Company, Everlight Chemical Industrial Corporation, Synthesia A.S., Bodal Chemicals Ltd., Steiner Group Ltd., Kiri Industries Ltd., Cromatos S.A, Loxim Industries Limited, Stahl Holdings BV, Organic Dyes and Pigments LLC, OCI Company Ltd., Lanxess AG, Waterside colours Ltd., Vedant Textile Pigments Limited, Colorantes Industriales S.A. de C.V., Aries Dye Chem Inc., Trumpler GmbH & Co. KG, Ravi Dyeware Co. Pvt. Ltd., Haining Tongyuan Chemical Factory

The synthetic dye market report table of contents includes:

1. Executive Summary

2. Synthetic Dye Market Characteristics

3. Synthetic Dye Market Trends And Strategies

4. Synthetic Dye Market - Macro Economic Scenario

5. Global Synthetic Dye Market Size and Growth

6. Synthetic Dye Market Segmentation

7. Synthetic Dye Market Regional And Country Analysis

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34. Key Mergers And Acquisitions In The Synthetic Dye Market

35. Synthetic Dye Market Future Outlook and Potential Analysis

36. Appendix

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Synthetic Dye Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Synthetic Dye Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Synthetic Dye Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 74: BASF SE Financial Performance

Table 75: Sumitomo Chemical Co. Ltd. Financial Performance

Table 76: DuPont de Nemours Inc. Financial Performance

Table 77: Huntsman Corp. Financial Performance

Table 78: Clariant International Ltd. Financial Performance

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