Press release
Organic Dyes Market Surges from $3.3 billion in 2019 to $5.1 billion by 2027, Reflecting a Robust CAGR of 5.8%
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Rise in demand for eco-friendly products as well as textile printing inks and increase in application of organic dyes in paints and coatings drive the growth of the global organic dyes market. On the other hand, high cost of organic dyes and limitation of raw materials for production hamper the market growth. However, growth in investment from the industry players anticipates to usher a plethora of opportunities in the near future.
Based on application, the printing inks segment dominated with the largest share, accounting for more than one-third of the global market in 2019, and will maintain its dominance during the forecast period. Conversely, the textile segment is expected to showcase the fastest CAGR of 7.5% from 2020 to 2027.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.alliedmarketresearch.com/purchase-enquiry/A10610
Based on region, the market across Asia-Pacific region held the highest market share in 2019, accounting for more than two-fifths of the global organic dyes market. On the other hand, Europe region is expected to maintain its highest CAGR of 6.6% during the forecast period. Other regions studied in the report include, North America and LAMEA.
Leading market players profiled in the report include BASF SE, DIC Corporation, Clariant AG, Huntsman Corporation, Cabot Corp., Dupont De Nemours & Co., and Lanxess AG.
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