Disperse Dyes Global Market Report 2024

The disperse dyes market size has grown rapidly in recent years. It will grow from $3.83 billion in 2023 to $4.26 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to the demand for synthetic fibers, the rise in apparel and textile manufacturing, the globalization of textile production, regulatory compliance, and product safety, as well as consumer trends and fashion preferences.

The disperse dyes market size is expected to see rapid growth in the next few years. It will grow to $6.26 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to sustainable dyeing practices, bio-based and eco-friendly dye formulations, expansion into non-textile applications, a focus on the circular economy, and global economic trends. Major trends in the forecast period include innovations in dyeing technologies, advanced printing technologies, technological advances in dyeing processes, rising demand for high-performance dyes in technical textiles, and a shift towards digital printing technologies.

The anticipated surge in demand for synthetic fiber is poised to be a key driver propelling the growth of the disperse dyes market. Synthetic fibers, wholly composed of chemicals, rely on disperse dyes for their coloring due to the absence of ionic and hydrophobic traits. With synthetic fibers prized for their resilience, elasticity, durability, and cost-effectiveness, the need for disperse dyes has escalated. Notably, in November 2022, Textile Exchange reported a production of 72 million tones of synthetic fibers in 2021, highlighting the pivotal role of rising synthetic fiber demand in steering the growth of the disperse dyes market.

The expansion of the automotive industry is anticipated to play a pivotal role in driving the growth trajectory of the disperse dyes market. Within the automotive sector, which encompasses vehicle production, sales, and maintenance, disperse dyes find extensive use in coloring synthetic fibers, particularly in automotive upholstery. The surge in demand for disperse dyes is closely aligned with the automotive industry's quest for vibrant, customizable colors for car interiors. For instance, as of February 2023, the European Automobile Manufacturers Association reported a global production of 85.4 million motor vehicles in 2022, marking a substantial 5.7% increase compared to 2021. This robust expansion within the automotive industry significantly contributes to the escalating demand for disperse dyes, thereby propelling their market growth.

The expansion of the textile industry stands poised to act as a significant driving force behind the growth of the disperse dyes market. Within the textile sector, involving the creation of fabrics through processes such as spinning, weaving, and dyeing, disperse dyes play a pivotal role in coloring fibers such as polyester and acetate. These dyes are preferred for their ability to uniformly disperse within the polymer matrix, resulting in vivid and steadfast coloration. Notably, as of May 2022, India's Ministry of Textiles reported a substantial surge in textile exports, including handicrafts, amounting to $44.4 billion in the fiscal year 2021-22. This marked a remarkable 41% increase from the preceding fiscal year and a 26% rise from the fiscal year 2019-20, underlining the substantial contribution of the expanding textile industry in propelling the growth of the disperse dyes market.

Key players operating within the disperse dyes market are actively engaged in the development of innovative disperse dyes characterized by long-lasting coloration, aiming to secure a competitive advantage. This coloration process involves imparting color to materials, primarily textiles and fibers. For instance, in June 2023, JAY Chemical Industries Private Limited, an India-based chemical manufacturing company, introduced the Jaylene range of dispersed dyes. This new range, crafted with advanced formulations and state-of-the-art technology, guarantees superior performance and enduring colorfastness. Tailored to meet the distinct requirements of industries such as textile manufacturing, fashion, and home furnishing, the Jaylene range offers comprehensive solutions for both Cellulosic and Polyester materials, showcasing the industry's commitment to innovation and market competitiveness.

In October 2022, Clariant, a Swiss-based specialty chemical company known for its innovative solutions, successfully acquired BASF's U.S. operations for a sum of USD 60 million. This strategic acquisition significantly enhances Clariant's portfolio by incorporating enduring franchises in chemical production. It further amplifies Clariant's expertise in the purification of edible oils and renewable fuels. Notably, BASF, a German chemical manufacturing giant, is recognized for its production of disperse dyes utilized in coloring textile materials. This acquisition by Clariant represents a strategic move aimed at broadening and diversifying its offerings while expanding its capabilities in crucial sectors such as chemical production and clean technologies.

Major companies operating in the disperse dyes market report are Huntsman Corporation, Clariant AG, Archroma Corporation, DyStar India Pvt. Ltd., The Yorkshire Trading Company, Lonsen-Kiri Industries Limited., Zhejiang Runtu Co. Ltd., Jihua Group Corporation Limited, Varshney Chemicals, Akik Dye Chem, Jiangsu Yabang Dyestuff Co. Ltd., ShangHai Anoky Group Co.Ltd., Mitsui Chemicals Inc., Heubach GmbH, Zhejiang Lonsen Holding Co. Ltd., Ritan, Wanfeng Auto Holding Group, Suzhou Sunway Dyes & Chemicals Co.Ltd., Jay Chemical Industries Ltd., Kiri Industries Ltd., Yide, BASF SE, Hangzhou Tiankun Chem Co. Ltd., Dystar Singapore Pte Ltd., DIC Corporation, Atul Ltd., Cathay Industries USA, Everlight Chemical Industrial Corp., Sumitomo Chemical Co. Ltd., Colourtex Industries Pvt. Ltd.

Asia-Pacific was the largest region in the disperse dyes market in 2023. The regions covered in the disperse dyes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the disperse dyes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of disperse dyes are low-energy dyes, medium-energy dyes, and high-energy dyes. Low-energy dyes refer to a specific kind of sublimable dye that can transfer to a substrate at lower temperatures. The fiber types involved include polyester, nylon, rayon, cotton, wool, acrylic, and others. Chemical categories include nitro dyes, amino ketone dyes, anthraquinonoid dyes, mono-azo dyes, and di-azo dyes. These dyes are used in various industries such as textiles, leather, paint and coatings, plastics, and others.

The disperse dyes market research report is one of a series of new reports that provides disperse dyes market statistics, including disperse dyes industry global market size, regional shares, competitors with disperse dyes market share, detailed disperse dyes market segments, market trends, and opportunities, and any further data you may need to thrive in the disperse dyes industry. The disperse dyes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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