The global Dyes market was valued at USD 7862.01 million in 2020 and is expected to reach USD 10172.73 million by the end of 2026, growing at a CAGR of 4.39% between 2020 and 2026, revealed by QYResearch.
Dyes are the colouring material that colour commodities of our day to day use. Hardly there is any industry where dyes are not used commercially. From leather to jazzy t-shirt, everywhere there is application of dye.
Global Dyes Market- Key Players
Archroma, Huntsman, Kiri Industries, Nippon Kayaku, Kyung-In, Colourtex, Jay Chemicals, Everlight Chemical, CHT Group, Bodal Chemical, Sumitomo, Eksoy, Aarti Industries Ltd, Osaka Godo, Setas, Atul, Anand International, LonSen, Runtu, Jihua Group, Yabang, ANOKY, Jiangsu Jinji Industrial, Zhejiang Yide Chemical, YaBuLai Dyestuff, are analyzed in the report. LonSen , the China-based manufactuers, owns the largest market share. In 2020, more than 14% dyes globally are supplied by the company. Moreover, China has become the largest manufacturer and consumer of dyes.
Global Dyes Market: Segmental Analysis
On the basis of product type, the global Dyes market is segmented into Disperse Dyes, Reactive Dyes , Sulfur Dyes, Vat Dyes, Acid Dyes, Other. Among of those types, disperse dyes accounts for the largest consumption share. In 2020, consumption volume of disperse dyes was 451.3 K MT, with the share of 32.88%, consumption volume of reactive dyes, which 39.71% consumption market share.
Dyes can be used in various industries, from textile to leather, from paper to paint & coating. Textile industry is the largest consumer of dyes in nowadays. Consumption volume from textile industry reached to 1119.2 K MT in 2020, contributing 81.55% market share.
Price of dyes is influenced by raw materials deeply. During 2018 and 2019, the price of dyes increased significantly due to the increase of raw material cost as well as shortage of supply. Dyes manufacturers should pay close attention to the dye raw material market.
Read More Information: https://www.qyresearch.com/index/detail/2747312/global-dyes-sales-market
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