The rising demand for dyes for economical synthetic fiber and growing demand from automotive industries are factors to drive the demand for the global Disperse Dyes market in the forecast period, 2024-2028. According to the TechSci Research report, “Disperse Dyes Market- By Region, Competition, Forecast and Opportunities, 2018-2028F”, the global Disperse Dyes market is projected to grow at a significant rate in the forecast period 2024-2028.
The Important Elements of the Global Disperse Dyes Market
The primary characteristics of disperse dyes are low solubility in liquid, colloidal dispersion properties, and non-ionic characteristics that make them suitable for dyes surface or fibers that don’t absorb water. Increasing demand for leather-based products such as jackets, pants, belts, and boots wherein dispersed dyes are used to provide the desired color on products, is further expected to drive the growth of the global disperse dyes market.
Adverse effect on human health and unfavorable product performance in harsh conditions of heat, pressure, and other environmental factors is the primary factor that obstructs the growth of the dispersed dyes market. Disperse dyes negatively affect human health, and can cause effects from itching to cancer, thereby hampering the growth of the global disperse dyes market. However, in recent studies and research, scientists are trying to lower the factor responsible for health issues. Apart from these, the accumulation of dyes creates color stains on the fabric, reduces the dye uptake rate, and makes the rubbing fastness, poorer. All these factors are expected to obstruct the demand for dispersed dyes in the forecasted period.
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The global Disperse Dyes market is segmented based on type, chemical structure, and application.
Based on type, the market is divided into low-energy dyes, medium-energy dyes, and high-energy dyes. As per estimates, the high-energy dyes segment will experience the highest market share during the forecast period. Due to excellent durability and superior resilience to withering, high-energy dyes are better than other alternatives, hence dominating the segment.
Based on application, the market is divided into textile, leather, paint & coatings, plastic, and others. As per estimates, the textiles segment will experience the highest market share during the forecast period. The growing demand for synthetic fibers like nylon, rayon, and polyester in apparel applications is rising due to their durability and wrinkle resistance, compared to conventional fibers. Apart from these, synthetic fibers are broadly used to produce cloths, rugs, cushions, and mattresses. Hence, these factors drive market growth and make textile applications dominate the segment.
Major companies operating in the global disperse Dyes market are:
- Clariant International Ltd
- Archroma U.S., Inc.
- Heubach GmbH
- BASF SE
- Zhejiang Lonsen Holding Co., Ltd.
- DIC Corporation
- Mitsui Chemicals, Inc.
- Chevron Corporation
- Huntsman Corporation
- LANXESS AG
Various companies operating in the market are following strategies such as product launches,, mergers & acquisitions, new capacity launches, expansions & collaborations, among others in order to stay competitive and have an edge over other players operating in the market. For instance, in October 2022, Clariant International Ltd acquired BASF’s U.S. Attapulgite business for USD 60 million. The acquisition helps Clariant International Ltd strengthen its technology in the growing markets for the refinement of edible oils and renewable fuels.
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“Increasing demand for disperse dyes from various end-user industries such as paints and coatings, textiles, plastics, printing inks, and others is expected to support the growth of the global disperse dyes market in the coming years. Moreover, government initiatives and policies to subsidize the related industries, trade agreements, and investment in R&D are propelling the organic dye demand. The rising application of disperse dyes in new application areas such as the medical sector which are being developed through research and development are pushing the product demand and creating favorable conditions to drive the global disperse Dyes market growth till 2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Disperse Dyes Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Type (Low Energy Dyes, Medium Energy Dyes, and High Energy Dyes), By Chemical Structure (Nitro Dyes, Amino Ketone Dyes, Anthraquinonoid Dyes, Mono Azo Dyes, Di- Azo Dyes), By Application (Textile, Leather, Paint, and Coatings, Plastic, and Others), By Region and Competition has evaluated the future growth potential of global Disperse 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 make sound investment decisions. besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Disperse Dyes market.”
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