The market across Europe would manifest the highest CAGR of 6.6% during the forecast period. However, the market across Asia-Pacific is expected to continue its dominance throughout the forecast period.
As per the report published by Allied Market Research, the global organic dyes market is expected to garner $5.1 billion by 2027, registering a CAGR of 5.8% from 2020 to 2027. The report highlights the market characteristics, market potential, competitive landscape, and growth by segmentation.
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Eswara Prasad, a Manager, Materials and Chemicals at Allied Market Research, stated, “Rise in demand for textile printing inks, surge in demand for eco-friendly products, and increase in application in paints and coatings drive the growth of the global organic dyes market. However, high cost of organic dyes and limitation of raw materials for production hinder the market growth. On the contrary, robust investments from market players would open lucrative opportunities in the future.”
Covid-19 pandemic impact on the market:
· The Covid-19 outbreak resulted partial or complete closure of production facilities due to lockdown regulations imposed by governments and dearth of workforce.
· However, the rise in demand from the paints & coatings coupled with rise in investment in startups would help the market to get back on track post-pandemic.
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The global organic dyes market is analyzed across several regions such as Europe, North America, Asia-Pacific, and LAMEA. The market across Europe would manifest the highest CAGR of 6.6% during the forecast period. However, the market across Asia-Pacific is expected to continue its dominance throughout the forecast period.
The global organic dyes market is segmented based on product type, application, and region.
Based on product type, the basic segment would portray the highest CAGR of 9.9% from 2020 to 2027. However, the reactive segment would hold the lion’s share throughout the study period.
On the basis of application, the textile segment would register the highest CAGR of 7.5% during the forecast period. However, the printing ink segment is expected to hold the largest share during the forecast period.
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The global organic dyes market report includes an in-depth analysis of the major market players such as BASF SE, Clariant AG, Cabot Corp., Lanxess AG., DIC Corporation, Huntsman Corporation, and Dupont De Nemours & Co.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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