According to TechSci Research report, “Global Solvent Dyes Market– By Region, Competition, Forecast and Opportunities, 2018-2028”, Global Solvent Dyes Market is projected to grow at a significant rate in the forecast period 2024-2028. The market for solvent dyes is expanding more rapidly because of the rising demand for shellacs, wood stains, inks, leather polish, waxes & candle colorants, acrylic resins, and printing inks. Due to the widespread application of color lubricants in the automotive and industrial cutting industries, solvent dyes create a lucrative market growth potential.
Supply chain disturbance and fluctuation in the raw material price is the primary factor that obstructs the growth of the solvent dyes market. The cost of solvent dyes depends on crude oil or petroleum by-product, which make it dependent on the petroleum market and make the raw material price volatile. In addition, any hurdles in the supply chain are expected to hinder product availability and higher cost price. Import shipments of solvent dye from China are the highest worldwide, with 113 China Suppliers. Hence, any sanction on China can put the largest producer out of the market and cause an unstable demand & supply ratio. Therefore, above mentioned factor is expected to obstruct the market share in the forecasted period.
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Global Solvent Dyes Market is segmented based on type, packaging, and application.
Based on type, the market is divided into metal complex-solvent dyes, oil-soluble dyes, water-soluble dyes, and others. It is expected that the oil-soluble dyes segment will experience the highest market share during the forecast period. Due to higher temperature stability in engineering plastics, it has very high brightness and produces clear polymers without haze or light scattering. Therefore, oil-soluble dyes are expected to dominate the segment.
Based on application, the market is divided into ink, plastics, fuel & lubricants, coatings & paints, and others. The plastic segment is expected to hold the largest market share and maintain its dominance in the projected period. Due to its light fastness property, good quality, and consistency of color, it is used in the production of different end-user applications. Thus, it is expected to propel the demand for plastic products in the segment.
Major companies operating in global solvent dyes market are:
- LANXESS AG
- Kunshan Organic Chemical Factory
- Megha International
- Kolorjet Chemicals Pvt. Ltd.
- Nantong Saint Colorchem Co., Ltd.
- Tianjin Shenyuan Chemical Co., Ltd.
- Hangzhou Epsilon Chemical Co., Ltd.
- Hangzhou Sunny Chemical Co., Ltd.
- Winchem Industrial Co., Ltd.
- Nitin Dye Chemical Co., Ltd.
In February 2021, LANXESS AG signed a contract with Palmer Holland Inc. to handle and manage the distribution channel of colorant additive products in the USA from June 2021. After this agreement, Palmer Holland Inc. has to handle the supply chain of LANXESS AG products like Macrolex solvent dyes and Macrolex Gran granular colorants for PS, ABS, PET and PMMA, Bayplast, and Bayfast pigments.
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Customers can also request for 10% free customization on this report.Growing demand for solvent dyes from end-user industries such as cosmetics, defense, automotive, printing, construction, and textile is expected to propel the demand for solvent dyes market. Moreover, government initiatives and policies like Vietnam Foreign Direct Investment Policy, Make in India, free trade agreements, and creating of trade groups like BRICS, Shanghai Cooperation, and others are propelling solvent dye demand. Similarly, the rising application of solvent dyes in the military application and marketers’ efforts are thrusting the product demand and creating favorable conditions for global solvent dyes market growth till 2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Solvent Dyes Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Metal Complex-Solvent Dyes, Oil Soluble Dyes, Water Soluble Dyes, Other), By Packaging (Bottle, Bulk, Tetra packaging), By Application (Ink, Plastics, Fuel & Lubricants, Coatings & Paints, and Others), By Region and Competition, has evaluated the future growth potential of global solvent 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 global solvent dyes market.”
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