The global dyestuff market is expecting a potential growth in the coming years. The factors that influenced the demand for dyestuff are growing demand in end use industries, increasing demand for sophisticated high speed machines, increasing textile, leather and paper demand by consumers in household, office and business environment. The expansion of infrastructure and changing consumer preferences would create a new market opportunities for the dyestuff industry.

 Key Vendors:

Clariant International Ltd. (Switzerland), Lanxess AG (Germany), BASF SE (Germany), Orion Colorchem Industries (India), Setaş Color Center (Turkey), Synthesia, a.s (Europe), Synthetic Corporation (South Korea), Avocet Dye & Chemical Co. Ltd (UK), Arkema SA (Europe), Huntsman Corporation (Texas), and others are some of the prominent players at the forefront of competition in the Global Dyestuff Industry Market and are profiled in MRFR Analysis.

Dyestuff Industry Market – Overview

The global Dye Stuff Market is expected to witness a significant growth of USD 258.79 million by 2023 with CAGR of 8.3 % between 2016 and 2023.

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Industry/ Innovation/ Related News:

June 2017 – Woven Monkey looks for expansion with diversification into Epson dye sublimation technology. With this SureColor F series technology they print onto paper and then heat transfer the image and the ink is absorbed into the material. The expansion strategy would fulfil the demand of dyestuff in paper and textile segment.

November 2017 – Bodal Chemicals received environmental clearance for expansion of dyes facility. The company is expanding its dyes & intermediates manufacturing capacity from 2,200 metric tonne per month (MTPM) to 6,000 (MTPM) in Vadodara. With this expansion company is planning to increase its global market share. Presently, Bodal Chemicals accounted 6% of the global dye market.

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May 2017 – Mac Papers to Distribute Coldenhove Sublimation Transfer Papers for the Growing Dye Sublimation Market. The agreement would help the dyestuff market to increase its annual growth.

May 2017 – Mimaki, a leading manufacturer of wide-format inkjet printers and cutters in USA, has announced that it’s signed a distribution agreement with Coldenhove Papier, a premium supplier of paper products. This agreement would help to boost the dyestuff market in the North American region.

March 2017 – Clariant, a world leader in specialty chemicals, has signed an agreement to divest its textile chemicals, paper specialties and emulsions businesses to SK Capital. This agreement would help the Clarient to fulfill the demand of dyestuff in textile, leather and paper industries.

April 2017 – Bodal Chemicals Ltd planned to invest Rs 4.1 crore in SPS Processors Pvt Ltd, a company engaged in manufacturing of dye intermediates, for acquiring 70 percent stake. SPS has achieved revenue of Rs 74 crore till February 28, 2017. The investment would help the Bodal Chemical to increase the market share in dye and intermediate dye market.

November 2017 – DyStar launches two new dyes – Levafix ECO Navy and Levafix ECO Forest. The excellent oxidative wash and light fastness properties of these products lead to a more sustainable textile end-product due to better retention of the original shade. With this novelty, DyStar provides additional innovation to the textile industry to achieve best quality with minimal environmental impact.

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Dyestuff Industry Market - Regional Analysis

Geographically, Asia Pacific region accounted largest market share in the global dyestuff market and expected to dominate during the forecast period due to growing economies, rising population and high penetration of end user industry in the region. China being largest consumer, manufacturer and exporter of the dyestuff. Growing demand in textile activities have boosted the dyestuff market in China. In addition to this, North America & Europe have witnessed moderate growth for dyestuff owing to strict environment regulation in the region.

Competitive Landscape:

In the competitive landscape, the report analyses the degree of competition among the industry players as well as industry growth and market scenario. The global dyestuff Industry market is at a growing stage, which represents positive stats in terms of market value and overall volume. Over the past few years, dyestuff industry market has witnessed healthy demand due to its application as coatings, printing & writing, packaging & boards in end user industries like paper, leather and textiles. Nevertheless, the degree of competition among the market players is still moderate owing to limited major market players across the globe. Globally market for dyestuff industry is fragmented and it is moving towards growth expansion by specifically adopting partnership, expansion and joint-venture strategies and product launch strategies.

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