Disperse Dyes Market, Size, Share, Growth and Industry Analysis by Type (Azo Type, Anthraquinones Type, and, Others), By Application (Textile, Plastics, Printing Ink, and, Others), Regional Insights, and Forecast From 2024 To 2031

Updated On: 08 April 2024

Disperse Dyes Market Report Overview

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The global disperse dyes market size was USD 8092.8 million in 2022 and is projected to touch USD 12878.36 million by 2031 with a CAGR of 5.3% during the forecast period.

Disperse dyes can be categorized under the synthetic dyes. They are intended for polyester and other related hydrophobic fibers. They are mainly made up of polar molecules which consist of anthraquinone or azo groups. It is basically an insoluble dye that helps in the formation of a dispersion. It can be used for dying acetate and other synthetic fibers.

Many developments and discoveries have helped to increase the market growth. There are many innovations and advancements that are seen in the market. Disperse dyes are increasingly being used in the automobile industries. It is used in general and superficial coloring of resins and polymers. This is identified as the latest trend in the market.

Many factors have an influence on the market. Some factors could positively impact the market and these are considered as the driving factors. Disperse dyes are used in the manufacturing of leather. These dyes are mainly used in the automobile, fashion, and medical industries. These factors are propelling the global disperse dyes market.

COVID-19 Impact: Sudden Downfall of The Chemical Industry Decreased the Market Share

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The pandemic of COVID-19 disrupted the functioning of many markets as well as the industries. Due to Many reasons such as lockdowns, strict social distancing, unavailability of raw materials, and skilled labors the operation of many industries came to a sudden halt.

The pandemic became a bigger challenge for certain industries like the chemical industry. Chemical industries require many raw materials that became very difficult to obtain during the pandemic period. The global disperse dyes market is heavily dependent on the chemical industry and the sudden decline of the chemical industry negatively impacted the global disperse dyes market.

LATEST TRENDS

"Rising usage of disperse dyes in automobile industries to Increase the Market Growth"

Disperse dyes are increasingly being used in the automobile industries. A lot of automobile industries are using plastic as well as artificial hydrophobic fibers to prepare a lot devices and products related to the automobile industry. They are used in the production of seat belts, upholstery, airbags, and flooring. This has increased the demand for the product.

Another application of disperse dyes is that it is used in general and superficial coloring of resins and polymers. The increasing usage of these dyes in many industries has become the latest trend in the market.

Disperse Dyes Market Segmentation

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• By Type:

The market can be divided on the basis of devices into the following segments:

Azo Type, Anthraquinones Type, and, Others. The azo type segment is anticipated to dominate the market during the forecast period.

• By Application:

Based on application, the market share is bifurcated into the following segments:

Textile, Plastics, Printing Ink, and, Others. The textile segment is expected to dominate the market during the forecast period.

 DRIVING FACTORS

"Increased Consumption Of Leather By The Fashion Market To Amplify Market Growth"

One of the most thriving and flourishing industry today is the fashion industry. Many new forms of dressing and fashion are evolving day by day. One such trend that the fashion industry has introduced in the recent days is the usage of leather in many outfits.

Leather is used in making jackets, pants, bags, and, also boots. Disperse dyes are used in the manufacturing of leather. This has increased the demand for the market.  Also, the usage of disperse dyes for coloring automotive interior textiles has increased the global disperse dyes market growth. They are also very helpful in decreasing the emission of green house gases.

"Rising Use of Disperse Dyes in The Medical Field to Impede Market Growth"

Disperse dyes have a lot of use as well as application. This has increased the demand for this chemical. Apart from being used in the automobile industry and also the fashion industry, these dyes have also found their use and application in the medical field. This has become one of the most important factors propelling the global disperse dyes market share.

They are used in the production of robes, surgery curtains, masks, cleansers, and postoperative hosiery and other products. This has increased the sales of the product. All of these factors are driving the global disperse dyes market.

RESTRAINING FACTOR

"Risk of Causing Cancer to Bring Down the Market Share"

These disperse dyes are very useful and are used in many other industries. Despite of being used in several industries it has the risk of causing cancer. This factor can drastically deteriorate the market growth and demand. Azo dyes induce disintegration. This in turn results in the formation of amino group. The amines are sometimes naturally mutagenic and malignant. If the amines possess these features they can lead to the formation of cancer.  This acts as the main factor restraining the market growth.

Disperse Dyes Market Regional Insights

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"Asia Pacific to Dominate Market Share During the Forecast Period "

Asia Pacific is predicted to dominate the market during the forecast period. It is observed that most of the key industry players and the top producing companies are from Asia Pacific. Also, many factors have favored the growth of the market in Asia Pacific. The increasing growth of the automobile market in countries like India, China and Japan has fueled the growth of the market in Asia Pacific. Also, the increasing per capita income of individuals has increased their interest in the flourishing fashion industry. All of these factors are collectively contributing to the market growth in Asia Pacific.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Dystar (Singapore)
• Huntsman  (U.S.)
• Clariant (Switzerland)
• Yorkshire (U.S.)
• BASF (Germany)
• Archroma (Switzerland
• Lonsen (India)
• Runtu (China)
• Jihua (China)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations and dynamics.