Organic Dyes Market is Expected to Reach $5.1 Billion by 2027

According to a new report published by Allied Market Research, titled, “Global Organic Dyes Market by Product Type and Application:Opportunity Analysis and Industry Forecast, 2020–2027”,

The global organic dyes market size was valued at $3.3 billion in 2019, and is projected to reach $5.1 billion by 2027, growing at a CAGR of 5.8% from 2020 to 2027.

Dye is used to impart various colors to the surface of a substrate. Most organic dyes comprise one aromatic part with 10-14 carbon atoms and one extensive conjugated double bond system. Moreover, due to the presence of carbon atoms, organic dyes comprises stable chemical bonds, which resist them against sunlight and chemical exposure. Some of the most important dyes include Azo, Vat, Acid and Mordant dyes, which are used in textile, paints and coatings, and agricultural fertilizers.

The growth of the global organic dyes market is majorly driven by shift in consumer preference toward environment-friendly products and increase in disposable income. As synthetic dyes lead to adverse effects on infants, consumers are showing more interest toward organic dyes. Moreover, surge in demand of organic dyes in various water-based liquid inks is anticipated to further propel the market growth. Various natural dyes are widely used in digital textile printing where these are used for preparation of water-based inks, thereby boosting their demand globally.

On the basis of product type, the reactive dye segment emerged as the market leader in 2019. This is attributed increase in application of reactive dyes in textile, paints, and coatings industries. In addition, reactive dye manufacturing process is highly cost-effective as compared to that of other manufacturing processes.

Depending on application, the textile segment garnered highest revenue share in 2019, owing to increase in demand from the textile printing industry. Natural dyes are widely used in preparation of various printing inks and water based inks, which are used in textile printing and digital textile printing.

Asia-Pacific accounted for the highest market share in 2019 attributable to large production and export of organic dyes from the developing countries such as China, India, and Japan. Moreover, strong demand from the paints and coatings industries for construction is a major factor contributing toward the market growth.

Major players have adopted acquisition, agreements, and partnership to sustain the intense market competition. Some of the key players profiled in the report include BASF SE, DIC Corporation, Clariant AG, Huntsman Corporation, Cabot Corp., Dupont De Nemours & Co., and Lanxess AG.

COVID-19 scenario analysis: 

• The global organic dyes market analysis covers in-depth information of major industry participants.
• Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• Major countries have been mapped according to their individual revenue contribution to the regional market.
• The report provides in-depth analysis of the global organic dyes market forecast for the period 2020–2027.
• The report outlines the current global organic dyes market trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
• The key drivers, restraints, & market opportunity and their detailed impact analysis are explained in the study.

Key findings of the study

• The product type basic organic dye is projected to grow at the highest CAGR of approximately 9.9%, in terms of revenue, during the forecast period.
• By application, the printing inks held more than 30% market share with a CAGR of 4.7%, in terms of revenue, during the forecast period.
• The Asia-Pacific region dominated the market with around 40% revenue share in 2019.