Acid Dyes Market Worth USD 320.87 Million, at 6% CAGR during 2019-2023 | Technavio
LONDON--(BUSINESS WIRE)--According to Technavio Research Report, Â“Global Acid Dyes Market by application (textile, leather, and others) and geography (APAC, North America, Europe, MEA, and South America) is witnessed to grow to USD 320.87 million, at a CAGR of 6% from 2019-2023Â”.
Textile application segment will garner the highest share
The textile application segment garnered the highest share during the forecast period. These dyes are often used for imparting various colors to textile fibers, including silk, nylon, and wool. Acid dyes often exhibit better color fastness compared to conventional dyes due to their superior bonding resulting in improved durability. Hence, the ability of acid dyes to offer color fastness makes them an ideal choice for the textile industry during the forthcoming years.
Â“There has been a significant growth in the global textile market. Textile industries including stores offering garments, apparels, and construction fabrics have registered rapid growth in the emerging economies including India and China. The continuously expanding textile industry across the globe is expected to create ample of opportunities for the global acid dyes market during the next few yearsÂ” says a senior research analyst at Technavio.
Superior properties of acid dyes to drive demand
Acid dyes exhibit superior properties with respect to durability, reactivity, and strength. In addition, their cost-effectiveness makes them suitable for natural fibers including wool, silk, and jute. Acid dyes also impart vibrant colors to natural fibers due to their superior bonding strength achieved from the strong bond between the negatively charged acid dyes and positively charged natural fibers. Therefore, the rising awareness of the superior properties of acid dyes is expected to boost the growth of during the next few years.
Acid dyes to witness fastest adoption in the APAC region
APAC is likely to witness fastest acid dyes market growth in the forthcoming years as the demand for these dyes is increasing considerably from various industries such as the textile and leather industries. In addition, the growing production of silk in the emerging economies of India and China will also directly drive the manufacture of acid dyes in the upcoming years. Therefore, the growing use of acid dyes in the textile and leather industry will because of their superior bonding properties and stability will lead to market growth over the next few years.
Few Major Players for the Acid Dyes market are:
- Atul Ltd.
- BASF SE
- Clariant International Ltd.
- Huntsman International LLC
- Kiri Industries Ltd.
Technavio is a leading global technology research and advisory company. It provides detailed market research reports that provide clients with actionable insights to help them identify market opportunities and design effective strategies to optimize their market position.
With over 500 specialized analysts, Technavio boasts of an extensive report library comprising of over 10,000 reports, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than a hundred Fortune 500 companies. This growing client base relies on TechnavioÂ’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets. Technavio helps companies to assess their competitive position within changing market scenarios.
» Publication Date: 31/05/2019
This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement Nº 737882.
València Parc Tecnológic - Gustave Eiffel, 4 - 46980 Paterna - Valencia, SPAIN
+34 96 136 60 40 - email@example.com