Synthetic Dye Global Market Report 2023 – By Type (Aniline Dyes, Chrome Dyes, Anionic Dyes, Cationic Dyes), By Product Type (Acid Dyes, Disperse Dyes, Reactive Dyes, Direct Dyes, Basic Dyes, VAT Dyes, Other Product Types), By End User Industry (Textile, Food and Beverages, Paper, Ink, Leather, Other End Use Industries) – Market Size, Trends, And Global Forecast 2023-2032

The synthetic pigment is a carbon-based molecule made from petroleum compounds, acids, and other chemicals. The synthetic pigments are used in products containing insoluble materials and minerals to endure high heat, intense light, and exposure to weather or chemical agents. The main product types of synthetic pigments market are inorganic pigments and organic pigments. Inorganic pigments are metal oxides and/or synthetic chemicals, which have very simple compositions but are finding wide use in paints and coatings. The various end-use industries are paints and coatings, plastics, printing inks, textiles, cosmetics, personal care, and other end-use industries. The global synthetic pigments market is segmented - 1) By Product Type: Inorganic Pigments, Organic Pigments 2) By End User Industry: Paints and Coatings, Plastics, Printing Inks, Textiles, Cosmetics and Personal Care, Other End Use Industries The global synthetic pigments market size will grow from $44.78 billion in 2022 to $48.52 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global synthetic pigments is expected to grow from $65.49 billion in 2027 at a CAGR of 7.8%. The demand for high-performance pigments and advanced technology engineered pigments such as cool pigments, nano pigments, and pigments made from superior dispersion technologies is expected to drive the synthetic pigment market. These new and advanced pigments have the capability to cater to the fast-growing novel end-use industries and technologies such as 3D printing, the automotive industry, and others. For instance, DIC Corporation, a Japan-based chemical company, launched Sunbrite Yellow 74, an azo-based high-performance pigment on the market. High-performance pigments are becoming more affordable, and their market share is expected to increase rapidly. Major players in the synthetic pigments market are BASF SE, Archroma, DyStar, Huntsman, Clariant, Synthesia, Cromatos, Atul, Waterside colors, and DIC Corp. The growing awareness about the adverse health effects of certain synthetic pigments is pushing pigment manufacturers to shift from chemical-based synthetic pigments to natural pigments, negatively impacting the market. Manufacturers are focusing on shifting from chemical pigments to natural pigments to cater to consumer preferences for new textile colors that are also environmentally friendly. Synthetic pigments also have adverse effects on the health of people and the environment due to how emerging economies are shifting to natural pigments. Several developed and developing countries have imposed a ban on the import of synthetic pigments. The use of azo pigments is banned in developing countries such as India owing to their environmental and health impacts. Recently, there has been an increasing migration of manufacturing capacities from the West to low-cost countries in the Asia-Pacific region. This is mainly due to stringent environmental compliance in Europe and North America. Gradually maturing production technologies and the presence of strong downstream customer bases within countries such as China and India have been driving the demand for pigments in these countries in recent years. Examples of companies that have moved their manufacturing facilities to the Asia region are Huntsman Corp., DyStar, and Clariant. In June 2021, DIC Corporation, a Japanese chemical company completed the acquisition of BASF’s global pigments business, known as BASF Colors & Effects, for an undisclosed amount. The acquisition of BASF will strengthen DIC Corporation in the global pigments business. BASF is a German-based producer of chemicals and is also well known for its portfolio in segments such as chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. Asia-Pacific was the largest region in the synthetic pigments market in 2022. Western Europe was the second-largest region in the synthetic pigments market report. The regions covered in the synthetic pigments industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the synthetic pigments market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The synthetic pigments market consists of the sales of alizarin, azo-pigments, phthalocyanine, quinacridone, and metal compounds. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The synthetic pigments market research report is one of a series of new reports from The Business Research Company that provides synthetic pigments market statistics, including synthetic pigments industry global market size, regional shares, competitors with a synthetic pigments market share, detailed synthetic pigments market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic pigments industry. The synthetic pigments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The synthetic dye is a chemical substance produced to add vibrant, stable colors to products such as soaps, shampoos and mouthwashes. The synthetic pigment is a carbon-based molecule made from petroleum compounds, acids, and other chemicals. The synthetic dye and pigment include lakes and toners (except electrostatic and photographic). The main types of synthetic dye and pigment are synthetic dyes and synthetic pigments. Synthetic dyes are organic dyes derived from coal-tar derivatives but synthesized from benzene and its derivatives. The dye types are acid dye, reactive dye, dispersed dye, basic dye, vat dye, and other dye types. The pigment types are organic and inorganic. The various applications involved are textiles, food and beverages, paints and coatings, cosmetics and personal care, and other applications. The global synthetic dye and pigment market is segmented - 1) By Type: Synthetic Dye, Synthetic Pigments 2) By Dye Type: Acid Dye, Reactive Dye, Disperse Dye, Basic Dye, VAT Dye, Other Dye Types 3) By Pigment Type: Organic, Inorganic 4) By Application: Textiles, Food and Beverages, Paints and Coatings, Cosmetics and Personal Care, Other Applications Subsegments Covered: Disperse Dyes, Acid Dyes, Basic Dyes, Direct Dyes, VAT Dyes, Reactive Dyes, Other Dyes, Organic Pigments, Inorganic Pigments, Textile, Food & Beverages, Paper, Ink, Leather, Others, Paints & Coatings, Plastics, Printing Inks, Textile, Cosmetics & Personal Care, Others The global synthetic dye and pigment market grew from $60.41 billion in 2022 to $65.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The synthetic dye and pigment market is expected to grow to $89.65 billion in 2027 at a CAGR of 8.1%. The synthetic dye and pigment 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 dye and pigment 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 synthetic dye and pigment market. Major companies in the synthetic dye and pigment market include BASF SE, The Chemours Co, Tronox Inc., Kronos Worldwide Inc., DIC Corporation, Kao Corporation, Lanxess AG, Merck KGaA, Ferro Corp, and Sudarshan Chemical Industries Limited. The growing awareness about the adverse health effects of certain synthetic dyes is pushing dyes and pigments manufacturers to shift from chemical-based synthetic dyes to natural dyes, negatively impacting the market. Manufacturers are focusing on shifting from chemical dyes to natural dyes to cater to consumer preferences for new textile colors that are also environmentally friendly. Synthetic dyes also have adverse effects on the health of people and the environment due to how emerging economies are shifting to natural dyes. Several developed and developing countries have imposed a ban on the import of synthetic dyes. The use of azo dyes is banned in developing countries such as India owing to their environmental and health impacts. Many textile companies are adopting eco-friendly dyes for producing textiles and fabrics. These companies do not use harmful dyes as they cause extensive damage to the environment and are known to cause skin allergies and respiratory diseases. Due to the positive environmental characteristics and low toxicity of eco-friendly dyes, many companies are moving toward eco-friendly organic dyes, though they are priced higher than inorganic dyes. Companies that manufacture eco-friendly dyes include DyStar, Huntsman, and Archroma. Asia-Pacific was the largest region in the synthetic dye and pigment market in 2022. Western Europe was the second-largest region in the synthetic dye and pigment market. The regions covered in the synthetic dye and pigment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the synthetic dye and pigment market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The synthetic dye and pigment market consists of the sales of alizarin, azo-pigments, phthalocyanine, metal compounds, azoic dyes, chrome dyes, and direct dyes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The synthetic dye and pigment market research report is one of a series of new reports from The Business Research Company that provides synthetic dye and pigment market statistics, including synthetic dye and pigment industry global market size, regional shares, competitors with a synthetic dye and pigment market share, detailed synthetic dye and pigment market segments, market trends and opportunities, and any further data you may need to thrive in the synthetic dye and pigment industry. This synthetic dye and pigment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Chemical compounds are substances that are produced based on the transformation of organic and inorganic raw materials by a chemical process and the formulation of products. Chemicals have characteristics such as flammability, toxicity, acidity, reactivity, and heat of combustion. The main types of chemicals are general chemical products, printing inks, toiletries, soap and cleaning compounds, adhesives, paints and coatings, pesticide and other types of agricultural chemicals, chemical fertilizers, synthetic rubber and fibers, plastic material and resins, ethyl alcohol, and other basic types of organic chemical, and other types of basic inorganic chemical, synthetic dye, and pigment, industrial gas, and petrochemicals. Printing ink is ink used in printing and contains a pigment or pigments of the required color mixed with oil or varnish. The types of intermediate chemicals are methanol, ethylene oxide, and propylene oxide. The end-users involved are pharmaceuticals, agrochemicals, water treatment, construction, paints and dyes, oil and gas, rubber chemicals, surfactants, personal care, and other end-users. The global chemicals market is segmented - 1) By Type: General Chemical Product, Printing Inks, Toiletries, Soap and Cleaning Compounds, Adhesives, Paints and Coatings, Pesticide and Other Agricultural Chemicals, Chemical Fertilizers, Synthetic Rubber and Fibers, Plastic Material and Resins, Ethyl Alcohol and Other Basic Organic Chemical, Other Basic Inorganic Chemical, Synthetic Dye and Pigment, Industrial Gas, Petrochemicals 2) By Type of Intermediate Chemicals: Methanol, Ethylene Oxide, Propylene Oxide 3) By End User: Pharmaceuticals, Agrochemicals, Water Treatment, Construction, Paints and Dyes, Oil & Gas, Rubber Chemicals, Surfactants, Personal Care, Other End-Users Subsegments Covered: Oil-Based Printing Inks, Solvent-Based Printing Inks, Water-Based Printing Inks, Lotions (Including Sunscreens), Hair Preparations, Face Creams, Perfumes, Shaving Preparations, Other Cosmetic Preparations, Soap and Other Detergents, Surface Active Agents, Polish and Other Sanitation Goods, Water-Based Adhesives, Solvent-Based Adhesives, Hot-Melt-Based Adhesives, Reactive & Other Adhesives, Water Borne Coatings, Solvent Based Coatings, Powder Coatings, Other Paints and Coatings, Herbicides, Insecticides, Fungicides, Other Pesticide and Other Agricultural Chemicals, Nitrogen Fertilizer, Phosphate Fertilizer, Potash Fertilizer, Synthetic Fibers, Styrene Butadiene Rubber (SBR), Polybutadiene (BR), Ethylene Propylene (EPDM), Other Synthetic Rubber and Fibers, Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins, Synthetic Sweeteners, Plasticizers, Ethyl Alcohol, Silicone (except Resins), Fatty Acids, Gum and Wood Chemicals Synthetic Dye, Synthetic Pigments, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Other Industrial Gas, Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals. The global chemicals market size will grow from $4700.13 billion in 2022 to $5079.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of chemicals is expected to grow to $6851.59 billion in 2027 at a CAGR of 7.8%. Interest rates were low in most developed countries during this period. This positively impacted the growth of the chemicals market. For instance, in March 2020, the Bank of England, a UK-based central bank, reduced interest rates to 0.1%, the lowest level ever, as a measure of protest against COVID-19. These low-interest rates encouraged borrowing and increased the flow of money for investment. This allowed chemical companies to borrow money for process improvements, thus driving the market during the historic period. Major companies in the chemicals market include JXTG Holdings Inc., Sinopec Limited, BASF SE, Procter & Gamble, Unilever plc, L'Oreal SA, Dow Inc., Saudi Basic Industries Corporation (SABIC), Mitsubishi Chemical Holdings Corp, and Guardian Industries, LLC. Rising costs had a negative impact on the growth of the industrial gas market during the forecast period. This rise in raw material costs resulted in higher manufacturing costs, thus decreasing the investments available for research and development of new products. Additionally, companies invested heavily in marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk, and air-freight rates also negatively impacted the market. This rise in operating costs increased the pressure on companies to protect margins while maintaining the quality of their products. Chemical companies are increasingly adopting sustainable and eco-friendly processes to eliminate the negative impact of chemical manufacturing on the environment. Evolution in technology and chemical sciences enables chemical companies to utilize alternative fuels to produce chemical products. They are using naturally available carbon dioxide to produce fuels, industrial products, and other substances. For instance, Akzo Nobel N.V., a chemicals and coatings giant, is planning to make a seven-figure investment in Green Lizard Technologies’ patented process to make surfactants from plants rather than from oils. Asia-Pacific was the largest region in the chemicals market in 2022. North America was the second-largest region in the chemicals market share. The regions covered in the chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the chemicals market report are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The chemicals market consists of the sales of petrochemicals, industrial gas, ethyl alcohol, organic chemicals and inorganic chemicals, resins, synthetic rubber, and artificial and synthetic fibers and filaments, pesticides, fertilizers, and other agricultural chemicals. The chemicals industry establishments produce a variety of chemical products by processing raw materials such as air, water, natural gas, oil, metals and minerals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The chemicals market research report is one of a series of new reports from The Business Research Company that provides chemicals market statistics, including chemicals industry global market size, regional shares, competitors with a chemicals market share, detailed chemicals market segments, market trends and opportunities, and any further data you may need to thrive in the chemicals industry. This chemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Knitted Fabrics Market Definition

The knitted fabrics market consists of the sales of knitted and crocheted fabrics by entities (organizations, sole traders or partnerships) that manufacture knitted and crocheted fabrics. Companies in the knitted fabrics industry are involved in knitting weft (i.e., circular) and warp (i.e., flat) fabrics, the finishing of fabric including encapsulation, moisture management, sueding and several other customized finishes which improve appearance, properties and serviceability; dyeing of fabric, manufacturing and finishing lace and lace goods. These companies may knit only, knit and finish, or knit, finish, and further fabricate fabric products (except apparels).

Toluene is a colorless flammable liquid obtained from coal tar or petroleum. It is used in aviation fuel and other high-octane fuels, dyestuffs, and explosives. Toluene is also used as a solvent for gums and lacquers. The main types of toluene market are benzene and xylene, solvents, gasoline additives, TDI (toluene diisocyanate), trinitrotoluene, benzoic acid, and benzaldehyde. Benzoic acid is a white crystalline acid C6H5COOH that can be found naturally or synthesized. It is primarily used as a food preservative, an antifungal agent in pharmaceuticals, and in organic synthesis. The production processes are the reformation process, pig’s process, coke/coal process, and styrene process. The various applications are drugs, dyes, blending, cosmetic nail products, and other applications (TNT, pesticides, and fertilizers). The end-use industries are building and construction; automotive; oil and gas; and consumer appliances. The global toluene market is segmented - 1) By Type: Benzene and Xylene, Solvents, Gasoline Additives, TDI (Toluene diisocyanate), Trinitrotoluene, Benzoic acid, Benzaldehyde 2) By Production Process: Reformation Process, Pigs Process, Coke/Coal Process, Styrene Process 3) By Application: Drugs, Dyes, Blending, Cosmetic Nail Products, Other Applications (TNT, Pesticides, and Fertilizers) 4) By End User Industry: Building and Construction, Automotive, Oil and Gas, Consumer Appliances The global toluene market size will grow from $29.24 billion in 2022 to $29.89 billion in 2023 at a compound annual growth rate (CAGR) of 2.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global toluene is expected to grow from $32.81 billion in 2027 at a CAGR of 2.4%. The emerging demand for aromatics in the petrochemical industry has contributed to the growth of the toluene market. Aromatics are petroleum-derived forms of hydrocarbons, composed primarily of carbon and hydrogen elements. Toluene is a common aromatic, used as a chemical feedstock, solvent, and fuel additive in the chemical industry. To cater to the growing demand, companies are investing in expanding their production capacity. For instance, in June 2020, Ineos, a UK-based chemicals company bought chemical unit (aromatics and acetyls business) of BP PLC., a UK-based oil and gas company for $5 billion along with its BP's Cooper River petrochemical plant in South Carolina among other facilities. This will enhance the production capacity of aromatics to cater to the market demand. Therefore, the growing demand for aromatics in end-use industries is driving the toluene market. Major players in the toluene market are Exxon Mobil Corporation, Sinopec, Royal Dutch Shell PLC., Reliance Industries, BASF SE, Valero Energy, BP Chemicals, China National Petroleum, Mitsui Chemicals, Chevron Phillips, and Nova Chemicals. Fluctuations in crude oil prices have always been a major challenge in the toluene market as selected fractions of petroleum are used as raw materials for producing toluene. Toluene prices are constantly changing owing to factors such as instability in the prices of crude oil and variations in demand and supply. For instance, according to the annual energy outlook 2021 report by the US Energy Information Administration, a principal agency responsible for collecting, analyzing, and disseminating energy information, the average Brent crude prices are expected to be at $61/bbl (barrel) in 2025, and $73/bbl in 2030. This rise will increase the operating expenses and thereby impact the growth of the toluene market. Toluene di-isocyanate is increasingly being used as a raw material in the manufacturing of flexible foam applications. Toluene di-isocyanate (TDI) is a chemical used in polyurethane production, especially in flexible foam applications such as furniture and bedding, and also in packaging applications. According to 'The Furnishing Report' in the UK, toluene di-isocyanate is one of the main ingredients used in the manufacturing of flexible polyurethane foams, one of the key components used in the UK furniture manufacturing industry. Increasing the use of toluene di-isocyanate will contribute to the growth of the market. In August 2021, LANXESS, a German specialty chemicals company acquired Emerald Kalama Chemical for $1.04 billion. The acquisition will boost the growth of LANXESS and strengthens its position in the market. Emerald Kalama Chemical is a US-based chemicals company that also processes toluene into chemicals for food, flavor, fragrance, and pharmaceutical industries. Asia-Pacific was the largest region in the toluene market in 2022. Middle East was the second-largest region in the toluene market report. The regions covered in the toluene analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the toluene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The toluene market consists of the sales of toluene used for glues, paints, paint thinners, printing ink, rubber, leather tanners, and silicone sealants. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The toluene market research report is one of a series of new reports from The Business Research Company that provides toluene market statistics, including toluene industry global market size, regional shares, competitors with a toluene market share, detailed toluene market segments, market trends and opportunities, and any further data you may need to thrive in the toluene industry. This toluene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The textile dyes refer to color compounds or substances used to color fabric. Textile dyes are colorants that, when added to the material, give it a permanent color that lasts through repeated use. The primary goal of dyeing is to apply uniform color to the substrate (fiber, yarn, or fabric) while maintaining color-fastness requirements for cloth. The main types of textile dyes are direct, reactive, VAT, basic, acid, and disperse. Direct dyes are those that are dissolved in a neutral or alkaline solution and then applied directly to the substrate. For coloring cotton and other cellulosic textiles, direct dye is utilized. Wool, nylon, cotton, viscose, polyester, acrylic, and other fiber types can all be colored with these dyes. Clothing & apparel, home textile, and industrial textiles are the applications of textile dyes. The global textile dyes market is segmented - 1) By Dye Type: Direct, Reactive, VAT, Basic, Acid, Disperse, Other Dye Types 2) By Fiber Type: Wool, Nylon, Cotton, Viscose, Polyester, Acrylic, Other Fiber Types 3) By Application: Clothing & Apparels, Home Textiles, Industry Textiles The global textile dyes market size grew from $8.81 billion in 2022 to $9.68 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the textile dyes market is expected to grow to $12.57 billion in 2027 at a CAGR of 6.8%. The increased demand in the garment industry is expected to propel the textile dye market. The garment industry has a significant raw material base that includes all types of natural and synthetic fiber dyes, which has helped it achieve global prominence. 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 Obrelo, 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. Major players in the textile dyes market are Archroma, Atul Ltd., Colorant Limited, Vipul organics Ltd., Zhejiang Runtu Co Ltd., DyStar Singapore Pte Ltd., LANXESS, Organic Dyes and Pigments, Kiri Industries, Huntsman International LLC, Colourtex, DEV COLOURS, and SA Robama. New technology is a key trend gaining popularity in the textile dyes market. The textile dyes sector is constantly innovating and adopting new advanced dying technologies to become a more sustainable industry. The use of nanotechnology to create more scientific clothing, such as fire-repellent, self-cleaning, and water-repellent clothes, has resulted in significant advancement in the textile industry. These advancements in textile manufacturing technology will enable textile material and product dying markets to use more sustainable and advanced dying technology. Major companies operating in the textile dyes sector are focused on new technologies to sustain their position in the market. For instance, In April 2020, Alchemie technology, a UK-based manufacturer of unique digital materials fabrication technologies, launched Alchemie Endeavour, a waterless smart dying technology. This waterless smart dying uses advanced digital manufacturing technology to achieve a breakthrough in cost structure, supply chain capability, and fabric coloration for sustainability. Endeavour employs advanced digital colorant application and fixation technology to provide fabrics with single pass roll-to-roll solid colors. In February 2020, Royce Global, a US-based chemical manufacturing company, acquired C.H. Patrick & Co. for an undisclosed amount. With this acquisition, Royce aims to expand its product offering to the textile industry. This acquisition also strengthens its product portfolio in the textile sector, including preparation, dyeing, finishing chemicals, and sulfur and disperses dyes. C.H. Patrick & Co is a US-based textile dyes and chemical manufacturing company. Asia-Pacific was the largest region in the textile dyes market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in textile dyes market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the textile dyes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The textile dyes market consists of sales of azoic dyes, all-purpose dyes and natural dyes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The textile dyes market research report is one of a series of new reports from The Business Research Company that provides textile dyes market statistics, including textile dyes industry global market size, regional shares, competitors with a textile dyes market share, detailed textile dyes market segments, market trends and opportunities, and any further data you may need to thrive in the textile dyes industry. This textile dyes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The petrochemicals refer to distinct chemicals made from refined petroleum or liquid hydrocarbons that are used for commercial purposes. The petrochemicals are also made from other fossil fuels, such as coal, natural gas, and renewable sources such as maize, sugar cane, or palm fruit. The main types of petrochemicals are ethylene-petrochemicals, propylene-petrochemicals, benzene-petrochemicals, xylene, styrene-petrochemicals, toluene, cumene, and other types of petrochemicals. Xylene is an aromatic hydrocarbon existing in three isomeric forms, all three being colorless flammable volatile liquids used as solvents and for the manufacturing of synthetic resins, dyes, and insecticides such as dimethylbenzene. The applications are polymers, paints and coatings, solvents, rubber, adhesives and sealants, surfactants, pigments and dyes, fibers and fabrics, and other applications. The end-user industries are construction, packaging, automotive and transportation, healthcare, electrical and electronics, and other end-user industries. The global petrochemicals market is segmented - 1) By Type: Ethylene-Petrochemicals, Propylene-Petrochemicals, Benzene-Petrochemicals, Xylene, Styrene-Petrochemicals, Toluene, Cumene, Other Petrochemicals 2) By Application: Polymers, Paints & Coatings, Solvents, Rubber, Adhesives & Sealants, Surfactants, Pigments & Dyes, Fibers & Fabrics, Other Applications 3) By End User Industry: Construction, Packaging, Automotive & Transportation, Healthcare, Electrical & Electronics, Other End-User Industries The global petrochemicals market grew from $671.57 billion in 2022 to $693.3 billion in 2023 at a compound annual growth rate (CAGR) of 3.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The petrochemicals market is expected to grow to $786.74 billion in 2027 at a CAGR of 3.2%. The petrochemicals market is expected to benefit from growth in the automobile industry during the forecast period. There is a drive for the production of automobiles, which is leading to an increase in demand for petrochemical products that are used in the manufacturing of brake parts, radiators, and other components. For instance, according to an estimation by Goldman Sachs, a US-based investment banking company, the global sales of new cars in emerging markets is expected to increase from 68 million in 2020 to 78 million by 2025. Thus, the growth of automobiles is expected to increase the demand for petrochemicals during the forecast period. Major companies in the petrochemicals market include JXTG Holdings Inc., Saudi Basic Industries Corporation (SABIC), Sinopec Limited, Royal Dutch Shell, Reliance Industries Limited, LG Chem Ltd., Guardian Industries LLC, Odebrecht Engenharia E Construcao Sa, Mitsubishi Chemical Holdings Corp, and BASF SE. Oil price volatility is likely to have a negative impact on the petrochemicals market as significant declines and increases in oil prices negatively impact government and consumer spending. The decline in oil prices is having a negative impact on government spending in countries such as Saudi Arabia, Nigeria, and the UAE (United Arab Emirates), which are largely dependent on revenues generated through crude oil exports, whereas a significant increase in oil prices has resulted in a spurt in inflation, current account deficit, and fiscal deficit in countries such as India and China, which predominantly import oil. For instance, the Saudi government is expected to cut down its spending from 1.05 trillion riyals ($280 billion) in 2019 to 1.02 trillion riyals ($270 billion) in 2020 and to 955 billion riyals ($255 billion) by 2022 due to a significant decline in revenues generated from oil exports, thereby affecting the market. This -high volatility in the oil process is further expected to negatively impact the market going forward. Many petrochemical manufacturers are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to obtain real-time insights and identify inefficiencies in the manufacturing process. The data obtained is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels. For example, smart systems give information on the working condition and performance of chemical reactors with embedded software and analytics tools to notify plant operators and managers of possible machine breakdowns. Asia-Pacific was the largest region in the petrochemicals market in 2022. Middle East was the second largest region in the petrochemicals market. The regions covered in the petrochemicals report market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the petrochemicals market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, and Vietnam. The petrochemicals market consists of the sales of aliphatic compounds, aromatic compounds, inorganic compounds, and synthesis gas. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The petrochemicals market research report is one of a series of new reports from The Business Research Company that provides petrochemicals market statistics, including petrochemicals industry global market size, regional shares, competitors with a petrochemicals market share, detailed petrochemicals market segments, market trends and opportunities, and any further data you may need to thrive in the petrochemicals industry. This petrochemicals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive tinting film refers to thin laminate films applied to vehicles to reduce the heat and radiation from the sun that enters the vehicle's interior, which helps in controlling the temperature inside the vehicle. These tinting films can differ from one location to another due to a specific region's climate or heat level. The main types of automotive tinting film are window film, paint protection film, wrap film and other types. The window film refers to a unique film or coating applied to windows on an automobile to prevent a specific spectrum or amount of sunlight from passing through the glass. Window tint can also reduce sun glare and keep harmful UV rays away from reaching the car occupant. The various types of materials used in automotive tinting film include dyed, metalized, ceramic, and other materials that are suitable for passenger cars, LCV, and HCV. The global automotive tinting film market is segmented - 1) By Film Type: Window Film, Paint protection Film, Wrap Film, Other Types 2) By Material Type: Dyed, Metalized, Ceramic, Other Materials 3) By Vehicle type: Passenger Cars, LCV, HCV The global automotive tinting film market size grew from $3.65 billion in 2022 to $3.88 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive tinting film is expected to grow to $4.92 billion in 2027 at a CAGR of 6.2%. The soaring atmospheric temperature is driving the growth of the automotive tinting film market. Human activities such as burning fossil fuels and deforestation have significantly increased the concentration of greenhouse gases in the Earth's atmosphere, thus contributing to global warming. Due to such an increase in global warming and temperature across the globe, customers are increasing spending on automotive tint films as protection layers to the vehicle that block harmful UV rays, avoid paints from getting fade, and offer a significantly more relaxed and comfortable journey. For instance, In October 2021, according to World Meteorological Organization, The State of the Global Climate 2021 report states that in 2021, the global surface temperature (GMST) was 1.11 ± 0.13 °C higher than the pre-industrial baseline period (1850-1900), when fossil-fuel burning had yet to change the climate. Therefore, the increasing atmospheric temperature is expected to boost demand for automotive tinting films market during the forecast period. Major players in the automotive tinting film market are 3M Company, Eastman Chemical Company, Saint-Gobain Group, Avery Dennison Corporation, Johnson Window Films Inc., Madico Inc., Nexfil, Global Window Films, Xpel Technologies Corp., Akzo Nobel N.V, Kay Premium Marking Films Ltd., Tintfit Windows Films Ltd., Toray Plastic, Armolan Window Films, and Huper Optik. Technological advancement is a key trend gaining popularity in the automotive tinting film market. Major companies operating in the automotive tinting film market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing enhanced automotive tinting film technologies into their products, such as nano tinting technology, electro-chromatic technology, liquid-crystal technologies, multilayered sputtering, photovoltaic (PV) technology, and others, to block harmful UV rays and make vehicles significantly more relaxed and more comfortable from the inside. For Instance, In October 2021, Eastman Performance Films, a US-based producer and distributor of high-performance window tint and paint protection film for use in automobiles, launched SunTek Evolve window-tint. SunTek Evolve is made to reject up to 94% of heat-inducing infrared rays and block 99% of harmful UV rays that cause cancer, allowing for cooler cabins and less interior fading. In order to help drivers achieve the desired look or upgrade already-tinted glass, Evolve also provides a wide range of tint options. In October 2021, Eastman Chemical Company, a USA-based company primarily operating in chemical industry acquired PremiumShield for an undisclosed amount. With the acquisition, Eastman's will step ahead as the leading innovator and service partner for paint protection and window film professional installers. PremiumShield is a US-based automotive paint protection film company. North America was the largest region in the automotive tinting film market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive tinting film market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive tinting film market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive tinting film market consists of sales of crystalline glass tints, ceramic tints and carbon tints. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive tinting film market research report is one of a series of new reports from The Business Research Company that provides automotive tinting film market statistics, including automotive tinting film industry global market size, regional shares, competitors with an automotive tinting film market share, detailed automotive tinting film market segments, market trends and opportunities, and any further data you may need to thrive in the automotive tinting film industry. This automotive tinting film market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.