DELRAY BEACH, Fla., Sept. 4, 2024 /PRNewswire/ -- The report "Synthetic Dyes Market by Structure, Form, Application, Fabric Type, Type (Acid; Disperse; Reactive; Direct; Basic; Solvent), End-Use Industry (Textile; Leather; Pulp & Paper; Building & Construction; Personal Care) - Global Forecast to 2029" is Projected to Reach USD 9.1 billion by 2029, at a CAGR of 5.0% From USD 7.1 billion in 2024.
The Synthetic Dyes market is driven by increasing demand for sustainable dyes and technological advancements in manufacturing processes. Technological advancements are significantly boosting the efficiency and functionality of synthetic dyes. The innovation in effective dyeing techniques has broadened the application of synthetic dyes in various industries. Simultaneously, the strong push of manufacturers towards sustainability is encouraging manufacturers to invest in R&D to produce ecofriendly synthetic dyes and reduce environmental impact. Additionally, the growth and industrialization of emerging economies is increasing the demand for synthetic dyes among various applications such as textiles, packaging and consumer goods. The increase in the industrial activity is rising the need for high performing and good quality colors. Moreover, the evolving trends in fashion industry is fueling the market for synthetic dyes by creating the need for vibrant, diverse and long-lasting colors in clothing.
Browse in-depth TOC on "Synthetic Dyes Market"
250 - Tables
50 - Figures
212 - Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=184747754
Textile is projected to be the fastest growing industry for Synthetic Dyes, in terms of value, during the forecast period.
Various factors such as population growth, rapid industrialization, rising of disposable income and economic growth is fueling the global demand for textiles. This rise in demand for textiles is eventually driving the demand for synthetic dyes for dyeing. The increased utilization of synthetic fibers such a s polyester, nylon and acrylic due to their versality and cost advantages has led to rise in the demand for disperse dyes which have high functionality towards synthetic fibers. Additionally, the push of consumer preference towards sustainability is encouraging manufacturers to invest in R&D and innovate ecofriendly synthetic dyes to reduce their environmental impact. Moreover, the globalization trend is contributing to the expansion of synthetic dyes market as dyes manufactured and used across various regions are traded globally.
Powder dyes are the fastest growing form of Synthetic Dyes, in terms of value.
Powder dyes are projected to be the fastest growing form of synthetic dyes. These dyes provide cost effectiveness as compared to liquid dyes offering significant cost cutting for manufacturing and transportation. This provides an extra advantage to the industries that require large quantities of dyes. These dyes also have a longer life and offer ease of storage and use which eventually reduces waste and increases their efficiency. Another key benefit of using these dyes particularly for textile industry is their versatility as they can be easily blended to make desirable shades. Additionally, the rise of digital printing technologies, which mainly relies on powder dyes is another factor driving demand for these dyes for giving high quality output.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=184747754
Asia Pacific has the fastest growing market for Synthetic Dyes market during the forecast period, in terms of value.
Asia Pacific has experienced significant industrialization and urbanization over the past few decades, leading to economic growth. The rise in population with increased consumer spending on textile products which is apparently largest industry for synthetic dyes is leading to rapid growth of the market. The presence of few major textile exporters in the region along with the availability of cheap labor and low manufacturing cost is further fueling the market. The advancements being made in dye technologies such as adoption of ecofriendly dyes and implementation of sustainable practices to comply with environmental regulations is expanding the market for synthetic dyes in the region. Additionally, the ongoing R&D in digital textile printing is increasing the demand for synthetic dyes offering greater customization and design precision. These factors collectively, make the Asia Pacific region largest consumer of synthetic dyes with significant growth in upcoming years.
Mergers, new product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the Synthetic Dyes market Archroma (Switzerland), Lanxess (Germany), Zhejiang Longsheng Group Co., Ltd (Dystar) (China), Heubach GmbH (Germany), Kiri Industries (India), Atul Ltd (India), Bodal Chemicals Ltd (India), Chromascape (US), Henkel AG & Co (Germany), Kemira Oyj (Finland), Milliken & Company (US), Solenis LLC (US), Zhejiang Jihua Group (China) and Zhejiang Runtu Co., Ltd (China).
Browse Adjacent Market: Specialty Chemicals Market Research Reports & Consulting
Related Reports:
Organic pigments Market - Global Forecast to 2029
Textile Dyes Market - Global Forecast to 2027
About MarketsandMarkets
MarketsandMarkets has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/synthetic-dyes-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/synthetic-dyes.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original content:https://www.prnewswire.co.uk/news-releases/synthetic-dyes-market-worth-9-1-billion-by-2029--exclusive-report-by-marketsandmarkets-302237612.html
