The Synthetic Dye Global Market Report 2023 by The Business Research Company, provides synthetic dye market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Synthetic Dye Global Market Report 2023, the global synthetic dye market size will grow from $15.63 billion in 2022 to $17.14 billion in 2023 at a compound annual growth rate (CAGR) of 9.7%. 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 market size of global synthetic dye is expected to grow from $24.16 billion in 2027 at a CAGR of 9.0%.
The synthetic dye 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 dyes 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 growth of synthetic dye market.
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The synthetic dye market is segmented:
1) By Type: Aniline Dyes, Chrome Dyes, Anionic Dyes, Cationic Dyes
2) By Product Type: Acid Dyes, Disperse Dyes, Reactive Dyes, Direct Dyes, Basic Dyes, VAT Dyes, Other Product Types
3) By End User Industry: Textile, Food & Beverages, Paper, Ink, Leather, Other End Use Industries
The growing awareness about the adverse health effects of certain synthetic dyes is pushing dye 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.
The synthetic dye market report table of contents includes:
- Executive Summary
- Synthetic Dyes Market Characteristics
- Synthetic Dyes Market Trends And Strategies
- Synthetic Dyes Market – Macro Economic Scenario
- Synthetic Dyes Market Size And Growth
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- Middle East Synthetic Dyes Market
- Africa Synthetic Dyes Market
- Synthetic Dyes Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Synthetic Dyes Market
- Synthetic Dyes Market Future Outlook and Potential Analysis
Top Major Players
- BASF SE
- Archroma
- DyStar
- Huntsman
- Stahl
- Kiri Industries
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