Synthetic Dye Market

Synthetic Dye Market Outlook for 2024 to 2034

The synthetic dye market is evaluated to be sized at USD 7.2 billion in 2024. From 2024 to 2034, the market is expected to progress at a promising pace, registering a CAGR of 6.9%. By 2034, the synthetic dye industry is anticipated to reach a valuation of USD 14.1 billion.

Attributes	Details
Estimated Synthetic Dye Market Value for 2024	USD 7.2 billion
Projected Market Value by 2034	USD 14.1 billion
Value-based CAGR of the Market from 2024 to 2034	6.9%

Synthetic Dye Market Overview

• Textiles have been the cornerstone sector when it comes to the demand for synthetic dyes. Therefore, with textile manufacturing reaching new heights, the demand for synthetic dyes is rapidly increasing.
• Synthetic dyes are used in pulp and paper to provide them with the appropriate color for optimal use in end-use industries, such as publishing or packaging.
• The demand for fashionable leather accessories is increasing among younger generations, and to give the leather vibrant and trendy colors, synthetic dyes are being utilized.
• Colored food and beverages remain popular, and as demand for them increases with the introduction of new products, the synthetic dye industry stands to benefit.
• Personal care products use synthetic dyes to have a more appealing appearance to consumers or to enhance the perception of the ingredients in consumers' minds, thereby aiding the growth of the market.
• Colorants are being extensively used in various end-user industries, such as plastic coloring. Thus, the use of acids and colorants is paving the way for the increased adoption of synthetic dyes.

Synthetic Dye Market Trends

• Synthetic dyes are being manufactured inexpensively in emerging economies, and companies in the developed world are taking advantage by outsourcing production to these developing regions.
• With the construction industry booming due to the ever-growing need for homes and office buildings, the use of synthetic dyes in the construction sector is also on the rise.
• In line with sustainability trends, synthetic dye manufacturers are moving towards the production of eco-friendly dyes.
• Digital textile printing is an emerging trend with significant potential, and synthetic dyes are being utilized to a greater extent to meet the demands of consumers.
• With consumers increasingly preferring customized apparel, synthetic dyes are being used for the specific coloring of textiles. On-demand coloring requests are also being fulfilled with the use of coloring dyes.

Synthetic Dye Market Restraints

• Increasing governmental pressure is forcing manufacturers of synthetic dyes to observe production more closely, making the manufacturing process more strenuous.
• Worsening geopolitical conditions in some parts of the world have complicated raw material procurement for manufacturers. Oil used in synthetic dyes is especially susceptible to price volatility.

Category-wise Outlook

Acid dyes are the predominant type of dye in the market. On the other hand, the textile and apparel industry is the sector that utilizes synthetic dyes most frequently.

Irreplaceability of Acid Dyes in Certain Industrial Applications Propels its Demand

Acid dyes are expected to advance at a CAGR of 6.7% over the forecast period based on type. Some of the factors influencing the progress of acid dyes are:

• While sustainability measures have seen natural dyes receive a boost in demand, they are still not suited for certain industrial applications, such as synthetic fibers. Thus, acid dyes have become indispensable in certain industrial applications.
• Acid dyes have earned a reputation for their effectiveness in products such as synthetic leather. Thus, the demand for acid dyes is not dying down and is instead getting multiplied.

Attributes	Details
Top Type	Acid Dyes
Forecasted CAGR (2024 to 2034)	6.7%

Textile Industry’s Ever-growing Demand for Dyes Makes it a Reliable Source of Application

The textile and apparel application is expected to progress at a CAGR of 6.5% in the end-use industry segment throughout the forecast period. Some of the reasons for the progress of the textile and apparel application of synthetic dyes are:

• The textile sector has experienced some setbacks in recent years, but the progress of the industry in developing economies keeps the demand for apparel as robust as ever. Thus, the textile and apparel application of synthetic dyes is not expected to slow down anytime soon.
• The textile and apparel industry often operates at the whims of consumer demand. Synthetic dyes are increasingly sought after to keep up with rapidly changing consumer demands.

Attributes	Details
Top End-use Industry	Textile and Apparel
Forecasted CAGR (2024 to 2034)	6.5%

Country-wise Analysis

The Asia Pacific is a fertile region for the market owing to its enormous population and its significant demand for clothing. The food requirements of the region are also substantial, and there is a high demand for colored food and beverages. North America and Europe are prominent regions for luxurious apparel. Thus, the market is also gaining significant attention in these two regions.

Countries	Forecasted CAGR (2024 to 2034)
United States	7.2%
United Kingdom	8.1%
China	7.9%
Japan	8.5%
South Korea	9.0%

Demand for Customized Apparel is Expanding the Market’s Scope in South Korea

The CAGR of the synthetic dye market in South Korea during the forecast period is anticipated to be 9.0%. Some of the factors influencing the healthy growth of the market in the country are:

• The pop-culture-obsessed youth in South Korea are demanding customized apparel, and they want it quickly. Thus, synthetic dyes are finding greater use in the country.
• With eCommerce sales of apparel increasing daily in the country, the digital printing application of synthetic dyes is also increasing in South Korea.

Personal Care Products are Taking Care of Synthetic Dyes’ Positive Progression in Japan

The synthetic dye market is expected to register a CAGR of 8.5% in Japan over the forecast period. Some of the factors contributing to the growth of the market in Japan are:

• The population in Japan, especially the younger generation, is becoming increasingly focused on appearance. Thus, there is significant demand for beauty and personal care products in the country, benefiting the market for synthetic dyes.
• The eco-friendly nature of a considerable percentage of Japan’s population is leading to the production of more sustainability-inclined synthetic dyes in the country.

China’s Gargantuan Textile Industry is a Source for the Market’s Beaming Progress in the Country

The synthetic dye market is expected to exhibit a CAGR of 7.9% in China through 2034. Some of the factors responsible for the growth of the market are:

• China is reputed to have the largest textile manufacturing sector in the world. Thus, synthetic dyes find a home in the country.
• Many Western companies are setting up synthetic dye manufacturing units in China, owing to the availability of cheap labor and skilled professionals in the country.

Colored Food Being Widely Accepted in the United Kingdom Makes the Country Appealing for the Market

The synthetic dye market is expected to progress at a CAGR of 8.1% in the United Kingdom through 2034. Some factors influencing the progress are:

• Even with trends toward coloring and additive-free food, colored food and beverages remain popular in the United Kingdom. Thus, the food and beverage sector is driving up the demand for the product in the country.
• Growing governmental pressure is prompting synthetic dye manufacturers to shift to the production of sustainable dyes in the country.

Increased Needs for Homes and Buildings Leading to More Demand for Synthetic Dies in the Construction Sector in the United States

The market is expected to register a CAGR of 7.2% in the United States between 2024 and 2034. Some factors influencing the growth of the market in the country are:

• With the construction sector in the United States thriving, the use of synthetic dyes is being bolstered in the country.
• The United States is a prominent importer of textiles and apparel, and thus, demand originating in the country is positively impacting the synthetic dye market.

Competitive Landscape in the Synthetic Dye Market

To capitalize on the opportunities present in developing countries, such as cheap labor and the availability of raw materials, Western companies are forming partnerships with outfits in these regions. The Asia Pacific is specifically a region where this practice is flourishing.

The synthetic dyes market has enough room for both established multinational giants and local players. Improving the manufacturing process, for example, by obtaining raw materials more quickly, is a focus for market players.

Recent Developments in the Synthetic Dye Market

• In March 2022, two new acid dyes were launched by Archroma. These dyes are metal and halogen-free.
• In May 2019, Lanxess AG wrapped up the expansion of its Macrolex dyes production facility in Germany.
• In August 2022, researchers from the North Carolina State University demonstrated the potential of a polymer that can remove dyes from water.

Key Companies in the Synthetic Dye Market

• Kronos Worldwide, Inc.
• Venator Materials PLC
• The Chemours Company
• Organic Dyes and Pigments
• Huntsman International LLC

Key Coverage in the Synthetic Dye Market Report

• Synthetic Dyes & Chemicals Market Report
• Natural Dyes vs Synthetic Dyes Demand Analysis
• Synthetic Dyes Classification According to Type with Growth Forecasts
• Synthetic Organic Dyes Demand and Development Analysis
• Adjacent Synthetic Colorant Market Analysis
• In-depth Study of Environmental Impact of Synthetic Dyes and its Subsequent Influence on Market Demand

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
  • 5.1. Acid Dyes
  • 5.2. Basic Dyes
  • 5.3. Direct Dyes
  • 5.4. Disperse Dyes
  • 5.5. Pigment Dyes
  • 5.6. Reactive Dyes
  • 5.7. Others
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use Industry
  • 6.1. Textile and Apparel
  • 6.2. Pharmaceutical
  • 6.3. Packaging and Printing
  • 6.4. Cosmetics and Personal Care
  • 6.5. Paint and Coatings
  • 6.6. Food and Beverage
  • 6.7. Others
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 7.1. North America
  • 7.2. Latin America
  • 7.3. Europe
  • 7.4. East Asia
  • 7.5. South Asia
  • 7.6. Oceania
  • 7.7. MEA
• 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 10. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. Key Countries Market Analysis
• 16. Market Structure Analysis
• 17. Competition Analysis
  • 17.1. Kronos Worldwide, Inc
  • 17.2. Venator Materials PLC
  • 17.3. The Chemours Company
  • 17.4. Organic Dyes and Pigments
  • 17.5. Huntsman International LLC
  • 17.6. Sunshine International Co., Ltd
  • 17.7. DyStar Singapore Pte Ltd
  • 17.8. Archroma
  • 17.9. BASF SE
  • 17.10. Others
• 18. Assumptions & Acronyms Used
• 19. Research Methodology