Dyes are colored substances applied in the form of an aqueous solution on various substrates. These are used as colorants in different industrial applications such as food processing, printing inks, wood stain, textile processing, and others. Dyes have high selective absorptivity for liquids as well as substrates as compared to other color-imparting materials such as pigments. Excellent absorption characteristics of dyes enable them to lose their physical and structural properties during their application on substrates. Low resistance to light and reduced shelf life are some of the other distinct features of dyes. Thus, they are generally used in surface coating, food, and printing applications that require high transparency levels for manufacturing finished products. Dyes can be classified on the basis of their solubility in a particular medium or substrate as basic dyes, fat-soluble dyes, and metal complex dyes.
The global market for dyes has been witnessing significant growth due to rising demand from end-user industries such as food, textile, printing inks, and paints & coatings. Developing economies such as China, India, Brazil, and Indonesia are likely to play a substantial role in boosting consumption of dyes in the next few years. India and Indonesia are gradually taking the lead in manufacturing dyes due to availability of raw materials as well as various organic intermediate chemicals. Countries in ASEAN such as Indonesia, Vietnam, and Singapore are expected to be emerging markets owing to development of key end-users such as paints & coatings and food processing. Furthermore, growth in these countries is expected to be boosted by shift in production of dyes from developed regions such as Europe and North America. Trends have changed during the past 10 years due to several factors such as lower cost of production in Asia Pacific as well as rising prominence of the region, which acts as the hub for end-user industries such as textile, food, and paints & coatings. This shift in production trends from the West to East has caused the global market for dyes to become concentrated, particularly in Asia Pacific. This, in turn, has resulted in intense competition in the market.
However, concerns have been raised over excess cost of interest. This has lowered investment in research and development activities, which serve as the key source of service and product innovations. In addition, high energy costs have negatively impacted production units.
Asia Pacific accounted for the largest share of the dyes market, followed by developed regions such as Europe and North America in 2014. Increasing demand from various end-user industries coupled with growing population and governmental support is expected to boost demand for dyes in the next few years. In addition, growing preference of end-users for eco-friendly products is anticipated to drive growth of the dyes market during the forecast period. However, rising health concerns regarding hazardous usage of dyes is likely to decelerate growth of the market in Europe and North America. This has forced manufacturers toward producing environmentally-friendly dye products. Rising demand for innovative products such as high-performance dyes is projected to provide new opportunities for growth of the market in the near future. Furthermore, ease of transportation modes and support from the government and regulatory bodies to improve clearance tax re estimated to propel trade. This, in turn, is expected to boost consumption of dyes in the global market.
BASF SE, KRONOS Worldwide Inc., Haining Tongyuan Chemical Factory, Lanxess, Rockwood Holdings, Inc., and Tokai Carbon Co., Ltd. are key players present in the global dyes
The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.