The synthetic dyes market consists of sales of synthetic dyes and related services used in the field of textile, paint, and printing to provide long-lasting coloring benefit. 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 to 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.
Global Synthetic Dye Market Size And Drivers:
The global synthetic dye market is expected to grow from $16.91 billion in 2020 to $18.54 billion in 2021 at a compound annual growth rate (CAGR) of 9.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $22.39 billion in 2025 at a CAGR of 5%. The synthetic dyes market is expected to be driven by the rapidly growing packaging industry.
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Trends In The Global Synthetic Dye Market
Range of high wet-fast disperse dyes is trending in the synthetic dyes market. High wet-fast disperse dyes are suited for coloring polyester fibers, microfibers, and polyester/elastane blends for sportswear and activewear applications. For instance, Archroma launched Foron SP-WF dyes, which comply with safety, efficiency and sustainability with a belief to be economical in textile industry.
Global Synthetic Dye Market Segments:
The global synthetic dye market is further segmented –
By Product Type: Acid Dyes, Disperse Dyes, Reactive Dyes, Direct Dyes, Basic Dyes, VAT Dyes, Others
By End Use Industry: Textile, Food & Beverages, Paper, Ink, Leather, Other Industries
By Geography: The global synthetic dye market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Synthetic Dye Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides synthetic dye market overviews, analyzes and forecasts market size and growth for the global synthetic dye market, synthetic dye market share, synthetic dye market players, synthetic dye market segments and geographies, synthetic dye market’s leading competitors’ revenues, profiles and market shares. The synthetic dye market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
