Asia-Pacific Dyes Market Size (2023-2030)

The Asia-Pacific Dyes Market was valued at USD 15.5 billion and is projected to reach a market size of USD 23.43 billion by the end of 2030. Over the outlook period of 2023–2030, the market is anticipated to grow at a CAGR of 5.3%.

A colored material called a dye forms a chemical connection with the substrate it is applied to. To increase the dye's fastness on fiber, a mordant may be needed after the dye is typically applied in an aqueous solution. The dye market has seen tremendous growth in the Asia-Pacific region. Dyes have been in use since ancient civilizations, mainly in the textile industry. With industrial revolutions and technological advancements, this market has expanded significantly. Besides, many forms of dye are currently available. In the future, growing awareness of sustainability and the environment is predicted to boost R&D activities. During the forecast period, a notable growth rate is anticipated.

Key Market Insights:

In the financial year 2022, the production volume of dyes and pigments through India was about 398 thousand metric tons. Some of the commonly manufactured products in this category were disperse dyes, optical whitening agents, and reactive dyes. The Indian chemical industry is highly diversified, producing over 80 thousand products.

By 2021, China was the country that generated almost 43% of global chemical industry revenue. That year, this surpassed the total for any other area worldwide.

Taiwan's dye output volume reached around 28,730 metric tonnes in 2020.

The value of dyeing, tanning, and coloring products imported into Japan in 2020 was estimated to be over 139 billion Japanese yen.

The amount of water used annually by the textile industry to dye clothing is 1.3 trillion gallons, or enough to fill two million Olympic-sized swimming pools. The majority of this water, which is tainted with dangerous chemicals and colors, enters rivers and streams untreated. To tackle this, many environmental regulations and standards are being implemented.

Asia-Pacific Dyes Market Drivers:

The growing textile and apparel industry is aiding the expansion.

Dyes are used in textiles and apparel to improve the look, material, and color. The textile industry is a major source of income for many households. Additionally, they help strengthen the economies of Asian countries through import-export trade activities. In 2023, the value added in the textile market is expected to reach US$67.99 billion, and the apparel market will generate US$672.70 billion in revenue, as per Statista. Countries like China, India, Bangladesh, and Vietnam are the main countries in this market. Moreover, social media has played a crucial role in setting fashion trends. This encourages consumers to buy clothes from different cultures and styles. Furthermore, the growing population is enlarging the market.

The Dye market is fueled by the cosmetics and personal care industries.

Cosmetics have gained significant prominence over the years. Content creators have played a huge role in promoting various skincare items. This has attracted a broad consumer base to buy these items. As per Statista, the Asian cosmetics industry had a valuation of US$42.75 billion in 2023. From 2023 to 2028, the market is projected to expand by 4.58% annually. Lipsticks, nail paint, eye shadow, foundation, shampoo, etc. are a few examples where dyes are used. Synthetic chemicals that are either oil- or water-soluble are frequently used as dyes. When it comes to color, they usually yield more translucent and strong hues than pigments. When a thin or transparent look is desired, dyes are frequently utilized in items. Apart from this, natural dyes have gained popularity. They are therapeutic, biodegradable, non-toxic, and regenerative. With urbanization and rising income, more revenue is expected to be generated by the cosmetics and personal care industries, thereby boosting the dye market.

Asia-Pacific Dyes Market Restraints and Challenges:

Environmental impact, health concerns, and costs are the main barriers in the market.

The use of dyes results in a lot of water waste. From the cultivation of raw cotton to the completed product, the United Nations estimates that the production of a single pair of jeans requires around 7500 liters of water. The yarn or cloth is repeatedly immersed in large vats of artificial indigo dye to give the jeans their blue hue. To give the denim a greater body and texture after dying, further treatments like chemicals and baths are used. Secondly, chemicals are accumulated in the water. Plant photosynthesis is hampered when dyes build up in the waterways to the point that light cannot reach the surface. Vegetation and aquatic life perish as a result of the water's decreased oxygen concentration. Thirdly, dyes contain heavy metals. These heavy metals are disposed of, and then agricultural irrigation allows them to re-enter our food chain. Certain chemicals contained in clothes dyes and pigments, such as cadmium, lead, and copper, can build up in our bodies and harm internal organs and the central nervous system. Acute diseases, skin disorders, and certain cancers can all be made more likely by exposure to heavy metals. Cadmium, mercury, and chromium VI, for instance, can all lead to cancer. Moreover, price volatility can result in losses for the market. Petroleum-based chemicals are very expensive. This can demotivate manufacturers and consumers.

Asia-Pacific Dyes Market Opportunities:

Eco-friendly and sustainable dyes are providing the market with an ample number of opportunities. They have minimal effect on the environment. Researchers are working on finding suitable colors using various microbes, recycled materials, and other waterless technologies. Additionally, UV-resistant dyes are being prioritized. Besides this, R&D activities are being carried out on various nanomaterials. Some of them can clean up dyes and other pollutants in water. Moreover, certifications are being emphasized. Adherence to regulatory rules has become mandatory. After the pandemic, digitalization became the new norm. Online retail is being built up to target a broader consumer base. This provides opportunities for local and international shipping, thereby increasing sales.

ASIA-PACIFIC DYES MARKET REPORT COVERAGE:

Asia-Pacific Dyes Market Segmentation:

Asia-Pacific Dyes Market Segmentation: By Type:

• Reactive Dye
• Disperse Dye
• Sulfur Dye
• Vat Dye
• Acid Dye
• Others

Reactive dyes are the largest and fastest-growing in the market, holding a share of around 40%. This is due to their ease of usage, cost-effectiveness, versatility, wide range of colors, dye-fiber bonding, demand, long-lasting colors, and quick drying. In addition, these dyes require single-finish washing, contributing to their success. Disperse dyes are also among the dominant categories. They are mainly used for synthetic materials like nylon and polyester. There has been a rising adoption of these dyes in many applications of clothing, like sportswear, ethnic clothing, and uniforms.

Asia-Pacific Dyes Market Segmentation: By Application:

• Paints & Coatings
• Textile
• Printing Inks
• Plastics
• Others

Based on application, the textile segment is the largest growing segment in the market. They hold a share of around 50%. Increased trade activities, global operations, and the demand for textiles are the main reasons for the growth. Dyes are employed in textiles to add vibrant colors and improve the quality of fabrics. Moreover, technological advancements like digital printing are driving the growth. The plastics segment is one of the fastest-growing. This is because of their extensive usage for automotive, packaging, and construction purposes. Dyes are used in these industries owing to their versatility, durability, and shades. However, environmental awareness and regulations can hamper the growth of this segment.

Asia-Pacific Dyes Market Segmentation: Regional Analysis:

• China
• Japan
• South Korea
• India
• Australia & New Zealand
• Rest of Asia-Pacific

Based on region, China is the largest, holding a rough share of 35%. This is because of the population, bulk manufacturing, expanding industry, globalization, key players, demand, and economic stability. India is one of the fastest-growing regions owing to recent fashion trends, the number of inhabitants, emerging innovative startups, diversification of products, collaborations, lifestyle changes, urbanization, dual income, rising demand, investments, and initiatives taken towards sustainability. India holds a share of approximately 24%. Japan is also emerging rapidly owing to global operations, and research and developmental activities.

COVID-19 Impact Analysis on the Asia-Pacific Dyes Market:

The outbreak of the virus hurt the market. Lockdowns, movement restrictions, and social isolation were the new norm. This caused disruptions in the supply chain, logistics, and transportation. Due to this, import-export trade activities were severely affected. Additionally, operation challenges were faced due to a lack of labor. Many companies and manufacturing units were shut down. All these caused an economic downfall. Besides, there was a heightened awareness about the environment. Since dyes were associated with a lot of pollution and water waste, the demand was reduced. Moreover, people were afraid to step out. This took a toll on the fashion and cosmetics industry. However, the market has started picking up with the uplift of lockdowns and the relaxation of guidelines. E-commerce has been a boon. Sustainable formulations are being given prominence to augment the market. A compound annual growth rate of 5.63% is anticipated from 2023-2028.

Latest Trends/ Developments:

The companies in this market are motivated to achieve a higher market share by implementing different strategies, such as acquisitions, partnerships, and investments. Companies are also spending heavily to improve existing formulations and technologies while maintaining competitive pricing.

Digital printing is a recent trend. In digital fabric printing, four types of ink are used: pigment, reactive, dispersed, and acid ink. Because pigment inks are more affordable and faster to print with, many printing businesses opt to use them. Additionally, they help to reduce waste and offer customization options.

Key Players:

1. Huntsman Corporation
2. Kiri Industries Ltd.
3. Atul Ltd.
4. Sumitomo Chemical Co., Ltd.
5. Archroma
6. Everlight Chemical Industrial Corporation
7. Colourtex Industries Pvt. Ltd.
8. DyStar Group
9. Indokem Limited
10. Jay Chemical Industries Ltd.

In June 2023, together with COLOURizdTM, a global innovation in sustainable textile dyeing methods, Archroma, a global leader in specialty chemicals towards sustainable solutions, created a new benchmark for the more environmentally friendly manufacture of sustainable textiles. With the help of the new partnership, fabric mills and brands aimed to create high-performance textiles with low environmental impact and maximum consumer appeal by combining COLOURizdTM Quantum COLOURTM yarn-coloring technology with Archroma pigment coloration solutions.

In June 2023, to advance sustainable cotton processing, Archroma, a global leader in specialty chemicals towards sustainable solutions, and Somelos, a well-known vertically integrated textile group in Portugal, partnered to develop a new water-saving dyeing and finishing process that produces no wastewater.

In April 2023, e.dye partnered with Noble Biomaterials, a pioneer in antimicrobial technologies. Through this partnership, more environmentally friendly fabric development options were possible by combining Noble Biomaterial's Ionic+® permanent antimicrobial technology with the dye Waterless Color System™ dying method.