Overview and Scope
Acid Dyes are dyes that contain one or more acidic groups, such as the sulfo group, which is primarily utilized in acid solution to colour wool and silk. It is used on textiles with low pH and is composed of acidic molecules.
Sizing and Forecast
The acid dyes market size has grown rapidly in recent years. It will grow from $3.98 billion in 2023 to $4.43 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 growth, increasing demand for synthetic fibers, globalization of textile manufacturing, regulatory compliance and environmental concerns, expanding application in other industries.
The acid dyes market size is expected to see rapid growth in the next few years. It will grow to $6.51 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 sustainable dyes, expansion of technical textiles, shifts in consumer preferences, rise of smart textiles, global economic trends. Major trends in the forecast period include regulatory compliance and certification, rising environmental awareness, innovations in dyeing techniques, digitalization and industry 4.0 integration,innovation in dyeing techniques .
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Segmentation & Regional Insights
The acid dyes market covered in this report is segmented –
1) By Type: Strong Acid Dyes, Weak Acid Dyes
2) By Dyeing Type: Levelling Dyes, Fast Dyes, Milling Dyes, Super Milling Dyes
3) By Chemical Type: Monoazo And Bisazo Dyes, Nitro Dyes, Nitroso Dyes, Triphenylmethane Dyes, Xanthene Dyes, Azine Dyes, Quinoline Dyes, Ketonimine Dyes, Anthraquinone Dyes, Phthalocyanin Dyes
4) By Application: Texttile, Leather, Juet Dyeing
Asia-Pacific was the largest region in the acid dyes market in 2023. The regions covered in the acid 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 increasing demand of the textile industry is expected to propel the growth of the acid dyes market going forward. The textile industry refers to the system or sector in which textile and fabric materials are developed, produced, processed, manufactured, and distributed. Acid dyes are typically used to dye various kinds of materials or fibers in addition to natural fibers such as wool, silk, jute, and other synthetic fibers, typically used to color the textiles, as a result, increasing demand for textile industry increases the demand for acid dyes. For instance, in 2021, according to the National Council of Textile Organizations, a US-based unique association representing the entire spectrum of the textile sector, the value of U.S. man-made fiber and filament, textile, and apparel shipments totalled an estimate of $65.2 billion in 2021, up from $60.8 billion in 2020. Additionally, the U.S. export of fiber, textiles, and apparel increased to $22.7 in 2021 from $19.4 in 2020. Therefore, the increasing demand of the textile industry will drive the acid dye market.
Key Industry Players
Major companies operating in the acid dyes market are forming partnerships to develop new products and strengthen their positions in the market. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in September 2021, Fineotex Chemical Limited (FCL), an India-based chemicals company, collaborated with Eurodye-CTC S.A., a Belgium-based textile chemicals company, to introduce Eurodye-CTC’s sustainable pre-treatment and dyeing products to the Indian market. Eurodye-CTC’s certified sustainable products are expected to meet the growing demand in India. The joint venture aligns with FCL’s international expansion strategy, offering innovative solutions across various industries. In addition to commercializing specialty chemicals, the strategic collaboration will also involve efficient technology transfers and the provision of Fineotex’s special technical services to enhance customer support for Eurodye-CTC’s existing clients in the Indian market.
The acid dyes market report table of contents includes:
1. Executive Summary
2. Acid Dyes Market Characteristics
3. Acid Dyes Market Trends And Strategies
4. Acid Dyes Market – Macro Economic Scenario
5. Global Acid Dyes Market Size and Growth
…..
31. Global Acid Dyes Market Competitive Benchmarking
32. Global Acid Dyes Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Acid Dyes Market
34. Acid Dyes Market Future Outlook and Potential Analysis
35. Appendix
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