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Market Overview:Dyestuff is a soluble substance which is used for coloring or staining various substrates. According to the report that has been published by Market Research Future (MRFR), the Global Dyestuff Market is anticipated to expand significantly at a CAGR of 8.3% during the forecast period of 2016-2023.
Industry Updates:
In August 2018, a study has suggested that Chinese manufacturers are looking for business collaboration in India to source dyestuff and dye intermediates owing to the supply constraints in China caused by plant shutdowns and environmental compliance.
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Key Players:
The prominent players profiled in the report by MRFR are 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 (the U.K.), Arkema SA (Europe), Huntsman Corporation (Texas), and others.
Market Drivers and Restraints:
Rapid growth of various industries that use Dye Stuff in their production processes such as textile, leather, paper, wood and others is majorly driving the growth of the Global Dyestuff Market. The increasing export opportunities in textile industry is inducing high demand for dyestuff, resulting in the expansion of the Global Dyestuff Market.
Research and innovations in chemical industry have led to the development of waterless dying techniques and dyestuffs, which in turn is impacting positively on the growth of the Global Dyestuff Market. Increasing demand for natural dyes over synthetic dyes is projected to be fueling the expansion of the Global Dyestuff Market.
However, high amount of energy consumption during the production of Dyestuffs and adverse environmental impacts caused by the by-products are likely to act as restraints on the growth of the Global Dyestuff Market.
Market Segmentation:
The Global Dyestuff Market has been segmented on the basis of Form, Composition, Process, Types and Application. Based on Form, the dyestuff market is segmented into natural and synthetic dyestuff. Based on Composition, the dyestuff market is segmented into organic and inorganic dyestuff. Based on Process, the Dyestuff Market is segmented into disperse dye, direct dye, reactive dye, vat dye, acid dye, cationic dye, sulfur dye and others.Based on Types, the Dyestuff Market is segmented into azo dyes, cyanine dyes, nitroso dyes, anthraquinone dyes and others. Based on application, the Dyestuff Market is segmented into textile dye, leather dye, paper dye, wood dye and others.
Regional Analysis:
Geographically, the Global Dyestuff Market is segmented into four major regions such as North America, Europe, Asia Pacific and the rest of the world. Among these, the Asia Pacific region is dominating the Global Dyestuff Market owing to the increased production of dyestuff in order to fulfill the high demand from rapidly developing textile industry in the emerging economies of this region.
The Dyestuff Market in the North America region is projecting significant growth of the Dyestuff Market owing to the increased application of dyestuff in various industries in this region. The Dyestuff Market in the Europe region is growing at a noteworthy rate owing to the development of innovative dying techniques and rise in demand for Dye Stuff in this region.
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Website: https://www.marketresearchfuture.com/reports/dye-stuff-market-3235
Release ID: 398997