Reactive Dyes Market Current Scenario, Rapidly Changing Dynamics of the Industry and Future Estimations by 2023-2032
Research Reports
Sep 21, 2023
Insights from Future Market Research
According to MRFR analysis, the global Reactive Dyes Market is expected to register a CAGR of ~9.30% from 2023 to 2032 and hold a value of over USD 9.1277 Billion by 2032.
Reactive dyes are pigments, chemicals, or colorings used to alter the look of fabrics. Fabrics such as denim, polyester, wool, cotton, acrylic, fur, nylon, silk, and many more are coloured using dyes. To get the desired hue, dyes are chemical mixtures used as textile colorants. Reactive, basic, acidic, direct, VAT, and dispersion are all types of textile dyes. The availability of cheaper labour and raw materials also lowers manufacturing costs, which promotes the growth of textile dyes. The industry has been hurt by the rise in environmental pollution brought on by dangerous dye compounds including lead, arsenic, and heavy metals. The global market sectors, diverse industries, and important manufacturing industries faced huge problems during the pandemic. The installation of emergency health awareness has resulted in strict Lockdowns in certain areas. Due to the international border shutdown, many company operations have stopped. Textile dyes are often used as colorants in the apparel industry and are anticipated to see the quickest growth over the projected period.
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Regional Analysis:
Regionally, Asia Pacific holds the largest market share share of reactive color market growth due to adoption in various industries such as textiles, leather, and paper, followed by India, particularly on the market in China. China and India are one of the largest exporters of colorants, as well as vast amounts of essential raw materials and intermediate dye chemicals. In the first quarter of 2020, China, one of the world’s leading producers and consumers of reactive dyes, was the country most affected by COVID 19 and thus witnessed a fall in demand for reactive dyes. However, heightened investment by major corporations and the expansion of manufacturing facilities and end-use industries in this region is predicted to boost regional market growth in reactive dyes.
Europe occupies second place on the market for reactive dyes and is another attractive market in terms of size and production after APAC. Germany, Italy and the UK have powered the reactive color demand in this region. The demand for reactive dyes in the European region is primarily driven by the textile industry.
North America held the world’s third-largest share of reactive dyes market in 2016. In this region, Canada and the United States, along with Mexico, led the market for reactive dyes. High demand in the garment, paper and leather industries drives the reactive coloring market in this region.
Latin America and the Middle East have seen developments in the reactive dye market, thanks to various applications such as paper dye, leather dye, wood dye and others.
Market Segmentation:
The segmental examination of the reactive dyes market is segmented based on end-users, function, type, and region. Based on type, the reactive dyes market is segmented into reactive highly exhaust (HE) dyes, reactive cold dyes, reactive mild exhaust (ME) dyes, reactive hot dyes, and others such as reactive ‘P’ dyes and reactive ‘M’ dyes. Based on function, the reactive dyes market is segmented into vinyl sulphone, bi-functional, monochlorotriazine, and others. Based on application, the reactive dyes market is segmented into paper, nylon, leather, cotton, and wood. Based on region, the reactive dyes market is segmented into North America, the Middle East, Europe, Latin America, Asia Pacific, and Africa.
Key Players:
Some of the key market players are Huntsman International, Nippon kayaku co. Ltd, Sumika Chemtex Co., Ltd, Archroma, Colourtex, Kiri Industries Ltd, IM Dye Chem, Roop dyes and Intermediates, Kevin India Co.
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