Global Dyes Market to be dominated by utilization of dyes in textiles industry through 2028.
Growing demand of dyes in paints & coatings industry and initiatives
taken by the government to support the production of dyes are the major drivers
for the Global Dyes Market.
According to TechSci Research report, “Dyes Market –Global Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Global Dyes Market is anticipated to register a high
CAGR during the forecast period. This can be ascribed to collaborations and
partnerships among leading companies with a diverse approach to merge the
expertise of individual companies and to strengthen their position in the
market.
Dyes are used as pigmenting chemicals which provide color to textiles.
Addition of dyes can be done through various processes like absorption,
diffusion, or temperature bonding. Significant growth in the textile industry
across the globe represents one of the key factors creating a positive outlook
for the market. Furthermore, the increasing demand for colored textiles and
fibers across industries is also driving the market growth. These apparel
industries are consumer-based, contributing to the economy by providing trade
along the clothing and garment production and value chain. Such growing global
business and the use of natural and synthetic fiber dyes in various garments
applications lead to the increasing demand for textile dyes. According to a
report published in February 2022 by Oberto, a Russia-based drop shipping
company, the fashion industry grew by 18.4 % in 2021, with sales figures for
2022 forecast at $473.42 billion. Therefore, the increasing demand in the
garment and fashion industry will drive the textile dyes market. Decorative
coatings are done on the interior and exterior side of the structure which
enhances its aesthetic beauty thereby increasing its economic value. Rapid
infrastructural development across the globe represents one of the key factors
stimulating the growth of the market. Moreover, leading players operating in
the industry are focusing on product innovations to offer a better customer
experience. They are also engaging in partnerships and collaborations to
increase their brand presence. Apart from this, decorative coatings find
extensive applications in mobile phones, computers, cameras, watches, door
handles, eyewear, furniture, automotive parts, and bathroom equipment. Moreover,
there is a considerable rise in the number of people using adornment made from
plastics or paper machetes on account of the increasing costs of gold and other
precious metals. This, along with the rising demand for eco-friendly decorative
coatings, is driving the market. Governments worldwide acknowledge the economic
and environmental significance of the dyes industry and have implemented
various initiatives to foster its production and growth. There is a growing
emphasis on incentivizing sustainable practices within the dyes industry, with
financial benefits such as tax breaks or subsidies being offered to companies
that adopt eco-friendly dyeing methods. These methods aim to reduce water and
energy consumption while minimizing chemical waste.
These incentives not only
lower operational costs for businesses but also promote responsible
manufacturing practices. Additionally, governments invest in infrastructure
such as research facilities, testing laboratories, and training centers to
support the development and implementation of advanced dyeing techniques. They
also provide support for pilot projects that demonstrate the viability and
effectiveness of sustainable dyeing technologies. These projects serve as
tangible examples of innovation and encourage other industry players to embrace
similar approaches. Collaboration plays a pivotal role in the pursuit of
environmental sustainability within the dyes industry. The fashion and textile
sectors, historically associated with pollution and waste, are experiencing a
fundamental transformation. Through strategic partnerships, brands,
manufacturers, and dye suppliers can collaborate to implement sustainable
practices that effectively reduce water consumption, chemical usage, and carbon
emissions. By joining forces in initiatives focused on recycling, upcycling,
and waste reduction, we can contribute to a circular economy that minimizes the
ecological footprint of the industry. Tonello, an Italian technology company,
collaborated with WTS to focus on natural dyes. Their collaboration aims to
promote sustainability and support Amazon Forest communities in Peru. Ralph
Lauren and Dow have joined forces to develop a new platform aimed at transforming
the way cotton is dyed in the apparel industry. This collaboration focuses on
creating more sustainable dyeing processes.
However, fluctuations in price of raw materials and rise in water pollution
are expected to slow down the growth of the market in the coming years.
The Global Dyes Market segmentation is based on Type, End-Use Industry, By Company, and Region
Browse over XX market
data Figures and spread through 110
Pages and an in-depth TOC on "Global Dyes Market.”
Some
of the major companies operating in the Global
Dyes Market include:
·
BASF
SE
·
Biome
Bioplastics Limited
·
Arkema
S.A.
·
BIOTEC
biologische Naturverpackungen GmbH & Co
·
NatureWorks
LLC
·
Novamont
S.p.A.
·
TotalEnergies
Corbion
·
Toray
Industries, Inc.
·
Mitsubishi
Chemical Holdings Corporation
·
Plantic
Technologies Ltd
Download Free Sample Report
Customers can also request for 10% free
customization on this report.
“Certain regions, particularly the Asia Pacific, are projected to exert
significant demand for dyes worldwide. The growth in the competitive landscape
and the presence of well-established companies in the market, committed to
enhancing their dyes productivity each year, are expected to contribute to a
remarkable growth of the Global Dyes Market in the forecast period," said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
Global management consulting firm.
Dyes Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Reactive Dye, Disperse Dye, Sulfur Dye, Vat Dye, Acid Dye, Others), By End-Use Industry (Paints & Coatings, Textile, Printing Inks, Plastics, Others), By Region, Competition has evaluated the future growth potential of Global Dyes Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Dyes Market.
Contact
Mr. Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]
Web: www.techsciresearch.com