Rising demand from end-user industries like construction, medical, textile, and other industries are driving the demand for the global indigo dyes market in the forecast period 2024-2028. According to the TechSci Research report, “Global Indigo Dyes Market- By Region, Competition, Forecast, and Opportunities, 2018-2028”,
The Important Elements of the Indigo Dyes Market
The global Indigo Dyes market is projected to grow at a significant rate in the forecast period 2024-2028. Increasing demand from different end-user industries such as textile, paper & pulp, leather, and others is the primary factor responsible for the growth of indigo dye. Also, the rising advanced applications in the medical and energy sector are expected to create a lucrative market. With changes in lifestyle and dress preference, the popularity of denim jeans is soaring and influencing the market growth.
Availability of substitute products and toxicity 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 contribute to environmental disasters. Hence, the government is imposing strict rules and regulations regarding indigo dyes used in various industries and hindering the market growth. Therefore, the factor mentioned above is expected to obstruct the indigo dye market share in the forecasted period.
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Global Indigo Dyes Market is segmented based on product type, sales channel, and application.
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. Indigo dye is a type of raw material that needs processing in industries to make usable raw material. Major indigo dyes are produced and used by firms, and the direct sales channel is the most prominent and dominating mode of sale.
Based on application, the market is divided into textile and non-textile. The textile segment is expected to hold the largest market share and maintain its dominance in the projected period. Due to its lightfastness property, it is used in producing dye and provides attractive texture on denim in textile industries. Thus, it is expected that the textile industry will dominate the segment.
Major companies operating in the global indigo 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 Fabrics, Inc.
- Jihua Group
- Guangzhou Diyi Dyeing Factory Co Ltd
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“Growing people’s awareness towards environment and animal issues, people are accepting natural indigo dyes as an eco-friendly alternative. Besides, growing demand from various end-user industries for indigo dyes is further expected to support the growth of the Global Indigo Dyes Market. Increasing dyeing facilities in emerging economies to cater to the growing requirement for indigo dyes in local textile industries are propelling market growth and creating favorable conditions for Global Indigo Dyes Market growth till 2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Indigo Dyes Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type (Synthetic Indigo Dye and Nature Indigo Dye), By Sales Channel (Direct and Indirect), By Application (Textiles and Non-Textile), By Textile (Printing and Dyeing), By Non-Textile (Printing Inks, Paper, Painting & Coating, and Others), By Region, and Competition has evaluated the future growth potential of global indigo 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 indigo dyes market.”
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