Rising demand from end-user industries like construction, medical, textile, and other industries are driving the demand for the global basic dyes market in the forecast period 2024-2028. According to TechSci Research report, “Global Basic Dyes Market- By Region, Competition, Forecast and Opportunities, 2018-2028F”, the Global basic dyes market is projected to grow at a significant rate in the forecast period 2024-2028.
The Important Elements of the Global Basic Dyes Market
Innovation of new specimens & variants in medicine and widely rising demand for clothing ranges and fashion statements are the primary factors responsible for the growth of basic dye. Basic dyes are used for dyeing wool, silk, and different types of fibers including acrylic and mod-acrylic fibers. Basic dyes help in providing bright colors which other dyes are unable to provide. Rising advanced medical applications and extensive treatment usage are expected to create lucrative growth in the basic dyes market. Basic dyes are used in microbiology and biotechnology applications to stain different specimens.
The increasing research & development activities from these industries have significantly increased the demand for basic dyes over the last few years and will create lucrative opportunities for market growth in the coming years. Apart from these drivers, dyes are also used to improve dishes’ appearance, especially in hotel management and the tourism industry.
The availability of substitute products and adverse effects on health are the key restraining factors for market growth. The processes used to dye textiles need abundant water and dangerous chemicals. By releasing untreated dye effluents as sludge into nearby aquatic habitats, they indirectly contribute to environmental disasters as humans and animals consume them.
Hence, the government is imposing strict rules and regulations regarding basic dyes used in various industries which is a factor hindering the market growth. Apart from these, the availability of eco-friendly and degradable substitutes also hinders market growth. Therefore, the abovementioned factor is expected to obstruct the basic dye market share in the forecasted period.
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Global Basic Dyes Market is segmented based on product type, sales channel, application, and region. Based on sales channels, the market is divided into direct and indirect. As per estimates, the direct sales channel segment will experience the highest market share during the forecast period. Basic dye is a type of raw material that needs processing in industries to make usable raw material. Major basic dyes are produced and used by firms, and the direct sales channel is the most prominent and dominating mode of sale. However, a player’s effort towards opting brick and click model has also propelled the indirect sales model.
Based on type, the market is divided into liquid and powder. The liquid-type basic dyes segment is expected to hold the largest market share and maintain its dominance in the projected period. Due to its dust-free, energy-saving, and good mixes with solution, it is used by different end-user industries such as textile and construction. Thus, it is expected that the liquid-type basic dyes will dominate the segment.
Major companies operating in the global basic dyes market are:
- DyStar L.P.
- Sam Vegetable Colours Pvt. Ltd.
- Hebei Hua-Chem Dye Chemical Co. Ltd
- Zhejiang Runtu Co., Ltd.
- Liyang Skyblue Chemical Co. Ltd
- Jiangsu Taifeng Chemical Co. Ltd.
- Kirpal Export Overseas
- Jacquard Products
- Jihua Group
- Guangzhou Diyi Dyeing Factory Co Ltd
Various companies operating in the market are following strategies such as new product launches, mergers & acquisitions, partnerships & collaborations, among others in order to stay competitive and have an edge over other companies operating in the market.
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“Growing demand from the petroleum industry, for dyeing of acrylic fiber, and manufacturing of ink applications are expected to create a lucrative market for basic dye market. Moreover, government initiatives and policies regarding free trade agreements, and the creation of trade groups are propelling the demand for solvent dye. Growing demand from different end-user industries including paints, coatings, paper products, hair, and plastics like acrylics are propelling market growth and creating favorable conditions for the growth of the global Basic dyes market, till 2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Basic Dyes Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (Liquid, Powder), By Sales Channel (Direct v/s Indirect), By Application (Textiles, Non-Textile), By Textile Application (Printing, Dyeing), By Non-Textile Application (Leather, Food technology, Paper, and Others), By Region and Competition, has evaluated the future growth potential of global basic dyes market and provides statistics & information on market size, structure, and future market growth. the report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global basic dyes market.”
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