Overview and Scope
Basic dyes refer to the cationic water-soluble dyes that are commonly used on acrylic fibers. It is often used for dyeing jute, cut flowers, dried flowers, coir, and other materials.
Sizing and Forecast
The basic dyes market size has grown rapidly in recent years. It will grow from $1.54 billion in 2023 to $1.71 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 expansion, demand for affordable coloring solutions, growth in paper and pulp industry, leather dyeing applications, rise of affordable synthetic fibers.
The basic dyes market size is expected to see rapid growth in the next few years. It will grow to $2.52 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to growing demand for environmentally friendly dyes, expansion of non-textile applications, increased use in biological staining, shifts in consumer preferences, regulatory emphasis on eco-friendly solutions. Major trends in the forecast period include focus on product differentiation, technological advancements in manufacturing, global trade dynamics and supply chain optimization, rising importance of research and development ,increased use in digital printing .
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Segmentation & Regional Insights
The basic dyes market covered in this report is segmented –
1) By Type: Liquid, Powder
2) By Sales Channel: Online, Offline
3) By Application: Hair Dyeing, Paints And Coating, Textile, Plastic Industry, Agrochemicals, Petroleum, Paper Industry, Other Applications
Asia-Pacific was the largest region in the basic dyes market in 2023. The regions covered in the basic dyes 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 rising demand from end-use sectors such as the paper and leather industries are expected to propel the growth of the basic dyes market going forward. The paper and pulp industry refers to the industry that manufactures pulp and paper from wood or recycled fiber. The leather industry includes the preservation of rawhide after slaughter and the tanneries that turn raw skins into durable leather. Basic dyes are widely used for coloring and providing color fastness, an added benefit for producing attractive graphics and prints. Thus, the demand rises from these sectors to expand the basic dyes market. For instance, in September 2022, according to the International Energy Agency, a France-based independent intergovernmental organization, globally, paper output hit a new high of 415 metric tons in 2021, a 4% improvement over 2020. Furthermore, in February 2021, according to the Leather and Hide Council of America, a US-based trade organization states, the United States hide, skin and leather industry exported more than $1.4 billion in combined cattle hides, pigskins, and semi-processed leather goods in 2021, a $506 million increase from 2020. Therefore, rising demand from end-use sectors like paper, textile, and leather drives the basic dyes market.
Key Industry Players
Major companies operating in the basic dyes market are developing innovative technologies, such as biology-based dye technologies, to gain a competitive edge in the market. Biology-based dye technology utilizes natural compounds or bioengineered substances for sustainable and eco-friendly coloring in various applications. For instance, in November 2021, Pangaia, a UK-based materials science company, in collaboration with Colorifix, a UK-based biotechnology company, launched the second release from its innovation platform, featuring a limited-edition capsule of tracksuits colored with biology-based dye technology. Colorifix utilizes DNA sequence data to identify the genetic code of natural pigments, employing synthetic biology to insert this code into microbes. These engineered microorganisms produce pigments and also transfer and fix the color onto fabric, resulting in colorful industrial dyes. Notably, this process eliminates the need for petrochemicals and hazardous substances commonly found in traditional dyeing methods. Moreover, when compared to conventional dyeing of cotton, Colorifix technology achieves significant environmental savings, reducing water consumption by at least 49%, electricity usage by 35%, and CO2 emissions by 31%.
The basic dyes market report table of contents includes:
1. Executive Summary
2. Basic Dyes Market Characteristics
3. Basic Dyes Market Trends And Strategies
4. Basic Dyes Market – Macro Economic Scenario
5. Global Basic Dyes Market Size and Growth
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31. Global Basic Dyes Market Competitive Benchmarking
32. Global Basic Dyes Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Basic Dyes Market
34. Basic Dyes Market Future Outlook and Potential Analysis
35. Appendix
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