Organic Dyes Market Share Reach US$ 5.12 Billion by 2027 | CAGR of 5.6%

SHERIDAN, WYOMING, UNITED STATES, November 20, 2022 /EINPresswire.com/ -- According to the latest report by IMARC Group, titled “Organic Dyes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the organic dyes market size. The global organic dyes market reached a value of US$ 3.67 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.12 Billion by 2027, exhibiting at a CAGR of 5.6% during 2022-2027.

Dyes refers to colored substances that are generally used to color papers, textiles and leathers. Organic dyes are usually obtained from plants and vegetable resources, such as roots, berries, wood, bark, and leaves. Apart from this, they can also be derived from invertebrates, including cochineal insect, cow urine, lac insect, murex snail and octopus or cuttlefish inks. They are widely utilized to impart uniform color while enhancing the overall aesthetic appearance of the material.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The global market is primarily driven by the rising awareness regarding sustainable development among the masses and the easy availability of organic dyes via retail channels. Along with this, the widespread adoption of organic dyes in paints and coatings and construction industries for imparting desired color to the roof, tiles and walls is providing an impetus to the market growth. Some of the other factors contributing to the market growth include the advent of high-quality organic dyes and extensive research and development (R&D) activities conducted by key players to introduce improved product variants in the market.

Breakup by Product:

Acid
Basic
Reactive
Direct
Disperse
Sulphur
Others

Breakup by Source:

Animal
Plant
Minerals

Breakup by Application:

Paints and Coatings
Textiles
Plastics
Printing Inks
Others

Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Albemarle Corporation
Altana AG
BASF SE
Cabot Corporation
DIC Corporation
DuPont de Nemours Inc.
Ferro Corporation
Huntsman Corporation
Kemira Oyj
Kiri Industries Limited
Lanxess AG
Toyo Ink SC Holdings Co. Ltd.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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IMARC Services Private Limited
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