Basic Dyes Market to be Dominated by Direct Sales Channel Segment Through 2028
Rising demand
from end user industries like construction, medical, textile, and other
industries are driving the demand for the global basic dyes market in the
forecast period 2024-2028.
According to
TechSci Research report, “Global Basic Dyes Market- By Region, Competition,
Forecast and Opportunities, 2018-2028F”, Global basic dyes market is
projected to grow at a significant rate in the forecast period 2024-2028. Innovation
of new specimens & variants in medicine and widely rising demand for
clothing ranges and fashion statements are the primary factors responsible for
the growth of basic dye. Basic dyes are used for dyeing wool, silk, and
different types of fibers including acrylic and mod-acrylic fibers. Basic dyes
help in providing bright colors which other dyes are unable to provide. Rising
advanced medical applications and extensive treatment usage are expected to
create a lucrative growth of basic dyes market. Basic dyes are used in
microbiology and biotechnology applications to stain different specimens. The
increasing research & development activities from these industries has
significantly increased the demand for basic dyes over the last few years and
will create lucrative opportunities for the market growth in the coming years. Apart
from these drivers, dyes are also used to improve dishes' appearance,
especially in hotel management and the tourism industry.
The availability
of substitute products and adverse effects on health are the key restraining
factors for market growth. The processes used to dye textiles need abundant
water and dangerous chemicals. By releasing untreated dye effluents as sludge
into nearby aquatic habitats, they indirectly contribute to environmental
disasters as humans and animals consume them. Hence, the government is imposing
strict rules and regulations regarding basic dyes used in various industries which
is a factor hindering the market growth. Apart from these, the availability of
eco-friendly and degradable substitutes also hinders market growth. Therefore,
the abovementioned factor is expected to obstruct the basic dye market share in
the forecasted period.
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Global Basic Dyes
Market is segmented based on product type, sales channel, application, and
region. Based on sales channels, the market is divided into direct and
indirect. As per estimates, the direct sales channel segment will experience
the highest market share during the forecast period. Basic dye is a type of raw
material that needs processing in industries to make usable raw material. Major
basic dyes are produced and used by firms, and the direct sales channel is the
most prominent and dominating mode of sale. However, a player’s effort towards
opting brick and click model has also propelled the indirect sales model.
Based on type,
the market is divided into liquid and powder. The liquid-type basic dyes
segment is expected to hold the largest market share and maintain its dominance
in the projected period. Due to its dust-free, energy-saving, and good mixes
with solution, it is used by different end-user industries such as textile and
construction. Thus, it is expected that the liquid-type basic dyes will
dominate the segment.
Major
companies operating in global basic dyes market are:
- DyStar L.P.
- Sam Vegetable Colours Pvt. Ltd.
- Hebei Hua-Chem Dye Chemical Co. Ltd
- Zhejiang Runtu Co., Ltd.
- Liyang Skyblue Chemical Co. Ltd
- Jiangsu Taifeng Chemical Co. Ltd.
- Kirpal Export Overseas
- Jacquard Products
- Jihua Group
- Guangzhou Diyi Dyeing Factory Co Ltd
Various companies
operating in the market are following strategies such as new product launches,
mergers & acquisitions, partnerships & collaborations, among others in
order to stay competitive and have an edge over other companies operating in
the market.
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“Growing demand from
petroleum industry, for dyeing of acrylic fiber, and manufacturing of ink
applications are expected to create a lucrative market for basic dye market.
Moreover, government initiatives and policies regarding free trade agreements,
and creation of trade groups are propelling the demand of solvent dye. Growing
demand from different end user industries including paints, coatings, paper
products, hair, and plastics like acrylics are propelling market growth and
creating favorable conditions for the growth of global Basic dyes market, till
2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Basic Dyes Market-
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented
By Type (Liquid, Powder), By Sales Channel (Direct v/s Indirect), By
Application (Textiles, Non-Textile), By Textile Application (Printing, Dyeing),
By Non-Textile Application (Leather, Food technology, Paper, and Others), By
Region and Competition, has evaluated the future growth potential of global
basic dyes market and provides statistics & information on market size,
structure, and future market growth. the report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global basic dyes market.”
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