New York (US), June 13, 2023 (GLOBE NEWSWIRE) -- Reactive Dyes Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “Reactive Dyes Market Information by Type, By Function, Application, and Region - Forecast till 2030”, The market for reactive dyes will rise from USD 4.4813 billion in 2023 to USD 9.1277 billion by 2032, capturing a growth rate of 9.30% between 2023 and 2032.
Market Scope
Reactive dyes are a group of chemical substances that are mostly used to color fabrics. These can establish chemical compounds with the fiber, the essential element of cotton fibers, as well as covalent links with the substrates that needed coloring.
Reactive dyes are resistant to being wiped away because they integrate with the fiber. Reactive dyes are widely employed in the nylon, silk, cotton, and wool textile industries. The reactive dyes business is directly impacted by any change in these industries.
Reactive dyes' growth across a variety of industries where they are used, including textile, paper, leather, and wood, will increase the size of the global market. The market will be further favored by emerging and shifting patterns in global lifestyles as well as the growing population.
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Market Competitive Landscape:
The major firms in the reactive dyes industry are
- Huntsman International LLC. (US)
- NIPPON KAYAKU CO. LTD. (Japan)
- Sumika Chemtex Co. Ltd. (Japan)
- Archroma (Switzerland)
- Colourtex (India)
- Kiri Industries Ltd. (India)
- IM Dye Chem (India)
- Roop dyes and Intermediates (India)
- Kevin India Co. (India)
- Among others.
Report Scope:
| Report Attribute | Details |
| Market Size 2032 | USD 9.12778 Billion |
| Compound Annual Growth Rate (CAGR) | 9.30% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Dynamics | Increase in adoption of reactive dyes across end-use industries |
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These market giants are known for frequently taking up strategies and tracking the latest developments and trends to enhance their business rankings. Some of the top strategies are agreements, partnerships, new launches and mergers.
Market USP Covered:
Market Drivers:
Cellulosic fibers like cotton and linen are frequently printed with reactive dyes because of their wide color spectrum. Reactive dyes are employed the most frequently out of all other dyes, making up 30% of the total colorants used in the printing industry, despite pigments being the most widely used colorants in textile printing. With the rise in disposable income and changing consumer purchase habits, the textile industry has experienced significant expansion. The expansion of the textile industry and, thus, the growth of the market, have also been brought about by the continuously changing fashion trends and the growing preference for branded clothing. Therefore, in the years to come, the increasing usage of reactive dyes in the steadily growing textile sector may serve as a significant growth catalyst.
Reactive dyes are in greater demand in the textile and leather industries due to their low cost, improved environmental performance, and superior technical features like wide color compatibility and exceptional wash-fastness. Given the cheap manufacturing costs and the high demand for textile and leather dyes in the region, the top companies in the market will be offered enticing prospects in the Asia Pacific reactive dyes market. Numerous known firms are attempting to establish their reactive dyes manufacturing units in APAC as a result of the rapid economic expansion in China and India, which has attracted large investments.
The Latin American market for reactive dyes market is another promising contender, brimming with a host of lucrative opportunities for the key leaders. The emergence of prominent end-use industries in the region, including wood, leather, paper, and others that generate colossal demand for reactive dyes is primarily the key reason for the growth of the Latin American market. On a global level, the players are working on developing new products and launching them in the market to boost their customer base and remain ahead of the competition.
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Market Restraints:
The reactive dyes industry will be facing a host of issues such as the lack of investments, and the stringent environmental regulations in developing as well as developed economies pertaining to synthetic-based reactive dyes.
COVID 19 Analysis
COVID-19 has had an enormous impact on many industries, bringing with it a lot of problems, including the effects on people's health and the general state of the economy. It is impossible to deny how much of a social and financial burden the aftermath has become. People are experiencing a number of mental traumas as the major governments establish comprehensive frameworks and sectors adopt considerably more sophisticated expansion models to maintain their relevance.
The increase in cases has sparked mental and financial problems around the world, particularly among the elderly. The global populace has also been facing difficulties in the form of lost livelihoods and is choosing family care to deal with the effects. The reactive dyes sector has suffered as a result.
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Market Segmentation
By Type
Reactive hot dyes, reactive cold dyes, reactive mild exhaust (ME) dyes, reactive highly exhaust (HE) dyes, and others (reactive 'P' dyes, reactive 'M' dyes, etc.) are the main types of reactive dyes.
By Function
Depending on the function, the top segments listed are bi-functional, vinyl sulphone, monochlorotriazine, and others.
By Application
With respect to application, the reactive dyes industry includes paper, cotton, leather, nylon, and others (wood and more).
Regional Insights
In light of the steady growth in product demand across industries including textile, paper, and leather, notably in China and India, Asia Pacific is the market leader and is ripe with potential. Many businesses are shifting their manufacturing base to APAC as a result of economic saturation in North America and Europe because they see the region's potential for growth. In APAC, China is a key producer and user of reactive dyes.
After APAC, Europe has secured the second-largest market share for reactive dyes, which is extremely profitable. Given the established textile sector in the region, Italy, the UK, and Germany are the top markets for reactive dyes. The continual growth of organic dyes that are not harmful to the environment is a significant market trend seen in the area.
With the US, United Mexican States, and Canada taking the top two spots in the worldwide market, North America is the third-largest gainer. Reactive dyes are particularly in demand in the paper, leather, and textile sectors. The region's strong preference for the newest fashion trends, a highly developed healthcare industry, and public infrastructure are all potential elements supporting market expansion.
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