Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Reactive Dyes Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The report reflects the industry's trajectory from its valuation at $2.62 billion in 2023 to an anticipated growth to $4.3 billion by 2028, progressing at a compound annual growth rate (CAGR) of 10.1%.
The study attributes this significant growth to the dynamic expansion across various sectors, including textiles and paper production. Traditional applications in apparel and home textiles are joined by technological advancements and the increasing utilization in technical textiles, which are spurring demand for reactive dyes.
Market Trends and Innovations Supporting Growth
- The report identifies a surge in demand for eco-friendly and sustainable dyeing practices, with the textile sector investing heavily in biodegradable formulations.
- With digital printing technologies evolving rapidly, the market is witnessing increased efficiency in dyeing processes that offer cost benefits and reduce environmental impact.
- Another key trend is the focus on cold water dyeing processes, which are fueling product innovation and customization within the industry.
Developments in the Paper Industry: A Catalyst for Reactive Dyes Demand
In addition to textiles, the paper industry's rising production and consumption patterns are creating a robust domain for reactive dyes, especially with the increasing need for colored and durable paper products. The report highlights the industry's shift to more diversified and technologically advanced products, significantly contributing to the reactive dyes market uptick.
Strengthening Market Positions through Strategic Acquisitions Recent Market Activity
The report also sheds light on the strategic movements within the market, including noteworthy acquisitions aimed at consolidating resources and fostering innovation to meet the evolving needs of global textile and apparel industries.
Regional Insights and Key Players
The research presents in-depth insights into regional market performances, with Asia-Pacific maintaining its dominance as the largest reactive dyes market in 2023. The comprehensive analysis profiles leading and emerging competitors in the sector, their market positioning, and contributions to the market’s expansive growth trajectory.
A selection of companies mentioned in this report includes
- Archroma Corporation
- Kiri Industries Ltd.
- Nippon Kayaku Co. Ltd.
- Sumika Chemtex Co.Ltd.
- Colourtex Industries Private Limited
- Roop Dyes & Intermediates
- Kevin Dyes And Chemical Pvt. Ltd.
- Zhejiang Jinguang Chemical Industry Limited
- The Kyung-In Synthetic Company
- Bezema Colour Solutions
- Everlight Chemical Industrial Corp.
- Bodal Chemicals Ltd.
- Eksoy Chemicals India Pvt. Ltd.
- Sumitomo Chemical Co. Ltd.
- Zhejiang Runtu Co. Ltd.
- Hubei Chuyuan Group Co. Ltd.
- Anoky Co. Ltd.
- Vibfast Pigments Pvt. Ltd.
- Dominion Colour Corporation
- Neochem Industries
- DCL Corporation
- Trust Chem Co. Ltd.
- Dainichiseika Color & Chemicals Mfg. Co. Ltd.
- Changzhou Longyu Pigment Chemical Co. Ltd.
- Pidilite Industries Ltd.
- Jeco Group
- Xinguang Group Co.Ltd.
- Sanyo Color Works Ltd.
- Sunlour Pigment Co. Ltd.
- Flint Group
- Cappelle Pigment
For more information about this report visit https://www.researchandmarkets.com/r/vb3bxl
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