The Basic Dyes by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Basic Dyes, 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 .
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.
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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
Technological advancements are a key trend gaining popularity in the basic dyes market. Major companies operating in the basic dyes market are focused on developing innovative technologies to strengthen their position in the market. For instance, in August 2022, Thesara Industrial Technology Private Limited, an India-based technology company launched new indigo dyeing wisik technology. This technology saves water and zero effluent that create an ultimate sustainable indigo dyeing and functional coating on the fabric, specially designed for environmentally-conscious people.
The basic dyes market report table of contents includes:
1. Executive Summary
- Basic Dyes Market Characteristics
- Basic Dyes Market Trends And Strategies
- Basic Dyes Market – Macro Economic Scenario
- Global Basic Dyes Market Size and Growth
. - Global Basic Dyes Market Competitive Benchmarking
- Global Basic Dyes Market Competitive Dashboard
- Key Mergers And Acquisitions In The Basic Dyes Market
- Basic Dyes Market Future Outlook and Potential Analysis
- Appendix
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