Synthetic Dye Market Size and Forecast 2024-2033| BASF SE, Sumitomo Chemical Co. Ltd., DuPont de Nemours Inc., Huntsman Corp., Clariant International Ltd.

Textile, Industry, India - Wide Image of a Textile Loaded Carts Being Processed for Dyeing Process

The Synthetic Dye Global Market Report 2024 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 Synthetic Dye Global Market Report 2024, The synthetic dye market size has grown rapidly in recent years. It will grow from $17.56 billion in 2023 to $19.54 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, industrialization, color consistency, cost-effectiveness, durability and stability.

The synthetic dye market size is expected to see rapid growth in the next few years. It will grow to $28.75 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to sustainability and environmental concerns, demand for customization, health and safety regulations, global fashion trends, consumer awareness. Major trends in the forecast period include rising popularity of technical textiles, innovations in dyeing technologies, advancements in dyeing technologies, regulatory compliance and safety standards, innovation in color fastness and performance.

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 covered in this report 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 range of high wet-fast dispersed dyes is trending in the synthetic dye market. High wet-fast disperse dyes are suited for coloring polyester fibers, microfibers, and polyester/elastane blends for sportswear and activewear applications. For instance, Archroma launched Foron SP-WF dyes, which comply with safety, efficiency, and sustainability with the belief of being economical in the textile industry

The synthetic dye market report table of contents includes:

1. Executive Summary

2. Synthetic Dye Market Characteristics

3. Synthetic Dye Market Trends And Strategies

4. Synthetic Dye Market – Macro Economic Scenario

5. Global Synthetic Dye Market Size and Growth

26. South America Synthetic Dye Market

27. Brazil Synthetic Dye Market

28. Middle East Synthetic Dye Market

29. Africa Synthetic Dye Market

30. Synthetic Dye Market Competitive Landscape And Company Profiles

Top Major Players: