[FURL=https://www.industryarc.com/Report/16027/disperse-dye-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=Paidpressrelease]Disperse Dye Market[/FURL] size is forecast to reach around $9 billion by 2025, after growing at a CAGR of 5.5% during 2020-2025. Disperse dyes are non-ionic dyes, which has low water solubility and exists in water primarily in a highly dispersed state. These dyes are primarily used for dyeing hydrophobic fibers such as polyester, nylon, and acrylic. The major driving factors for disperse dye market are growing consumer demand for color variants in various product categories and growth in end user industries. Surging usage of disperse dyes in the textile industries are expected to impel the global disperse dyes market size. Disperse dyes are also used as a colorant in plastics. Flourishing automotive industry and uses of polyester in various automotive upholstery, further drives the global disperse dyes market share.Key Takeaways
Increasing environmental concerns and strict government restrictions in the European Countries on the use of azo disperse dyes that breaks into carcinogenic amines acts as a restraint for the growth of the market.
Growing fashion industry and increasing demand of leather for making bags, footwear, and others is likely to aid the growth of the market.
The outbreak of COVID-19 has hampered the growth of the disperse dye market due to boundary closures, supply chain disruption and social distancing norms.
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Disperse Dye Market Drivers
Rising demand from automotive sector
Surging use of plastic and synthetic hydrophobic fibers in automotive applications such as seat belts, airbags, upholstery, and floor covering are boosting the demand of disperse dye. Disperse dyes are used in resins and plastics for surface and general coloring uses. The disperse dye composition is particularly suitable for dyeing interior fabrics for automobiles. Accelerating use of plastic in automobiles for weight reduction and lower green-house gases emissions increases the demand for disperse dyes. According to the European Automobile Manufacturers Association (ACEA), 92.8 million motor vehicles were produced globally in 2019.
Emergence of COVID-19
The Covid-19 has a considerable impact on the disperse dye market. Self-isolation rules have resulted in short supply and event cancellations. Many industries are shuttered due to lack of manpower. The apparel industry body Clothing Manufacturers Association of India (CMAI) has estimated that if no assistance comes from government either in terms of wage subsidy or revival packages there could be loss of almost 1 crore jobs in the entire textile chain.
Disperse Dye Market top 10 companies BASF SE, Archroma, Clariant AG, Atul Limited, Sudharshan Chemical Industries Limited, DIC Corporation, Huntsman Corporation, Kiri Industries Ltd., Kronos Worldwide, Inc., Lanxess AG, and Tronox Limited.
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