Dublin, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The "Dyes Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
The global Dyes Market, valued at USD 35.70 billion in 2022, is expected to witness robust growth with a projected Compound Annual Growth Rate (CAGR) of 4.09% through 2028, reaching an estimated value of USD 45.10 billion by 2028.
Key Market Drivers:
Growing Demand in Packaging and Plastics Industry:
- Dyes are essential in the packaging and plastics sector for creating captivating visual identities, customized packaging, and eco-friendly materials.
- The shift toward sustainable packaging materials drives the use of dyes for coloring eco-friendly substrates while maintaining their environmental credentials.
- Dyes enhance the appearance and functionality of plastic products across various industries.
Increasing Demand in Cosmetics and Personal Care Industry:
- Dyes play a pivotal role in cosmetics and personal care products, enabling manufacturers to cater to diverse preferences and skin tones.
- They contribute to distinct product colors and packaging designs, bolstering branding and consumer recognition.
- The demand for natural and plant-based dyes aligns with the sustainability trend, offering added benefits like UV-blocking properties.
Growing Demand in Infrastructure and Construction Projects:
- Dyes are crucial for adding color and vibrancy to construction materials, influencing design choices and end-user preferences.
- Architects and designers utilize dyes to create distinctive structures that align with modern aesthetics.
- Dyes are employed in infrastructure projects to reflect cultural nuances, local identities, or branding preferences.
Key Market Challenges:
Fluctuations in Raw Material Prices:
- Dynamic fluctuations in raw material prices can disrupt supply chains, causing production delays and inventory management challenges.
- Price volatilities introduce uncertainties in end-product pricing and consumer behavior.
Rise in Water Pollution:
- Dyes containing toxic chemicals and heavy metals can contribute to water pollution, impacting aquatic life and ecosystems.
- Non-biodegradable dyes may persist in the environment, affecting aquatic and terrestrial ecosystems.
Health and Safety Concerns:
- Chemical compounds in dyes can pose potential health risks to workers and consumers.
- Proper protective measures, including equipment, ventilation, and labeling, are necessary to mitigate these risks.
Key Market Trends:
Sustainable and Eco-Friendly Solutions:
- The dyes market is shifting towards sustainable solutions, including natural and plant-based dyes, waterless dyeing technologies, and microbial fermentation for dye production.
- Recycling and upcycling waste materials for dye production contribute to a circular economy.
Key Market Players
- BASF SE
- Biome Bioplastics Limited
- Arkema S.A.
- BIOTEC biologische Naturverpackungen GmbH & Co
- NatureWorks LLC
- Novamont S.p.A.
- TotalEnergies Corbion
- Toray Industries, Inc.
- Mitsubishi Chemical Holdings Corporation
- Plantic Technologies Ltd
Report Scope:
In this report, the Global Dyes Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Dyes Market, By Type:
- Reactive Dye
- Disperse Dye
- Sulfur Dye
- Vat Dye
- Acid Dye
- Others
Dyes Market, By Source:
- Paints & Coatings
- Textile
- Printing Inks
- Plastics
- Others
Global Dyes Market, By region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- South Korea
- Australia
- Japan
- Europe
- Germany
- France
- United Kingdom
- Spain
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 190 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $35.7 Billion |
| Forecasted Market Value (USD) by 2028 | $45.1 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/9uorg0
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
