Acid Dyes Market Likely To Tread Along Organic Growth Track Over The Forecast 2019-2024

The global acid dyes market is expected to witness a high CAGR of 5.55% during the period 2019-2024, according to Radiant Insights. Acid dyes are strongly preferred over alkaline dyes owing to high durability, strength and reactivity. Moreover, the properties of acid dyes is helping with market demand for developing applications in natural fibers comprising wool, jute and silk, which in turn impels a high market demand in the forecast period.

The market for acid dyes is anticipated to have a decent growth in the near future as the market is driven by broad range of applications, and government policies. Manufacturer emphasis on dye manufacturer for textile and paper applications is likely to propel the market growth in the coming years. Improvements in the production techniques without hampering the eco-system is expected to create novel growth opportunities for the market to thrive. In addition, extensive demand for strong dyes have been playing a significant role in the recent years.

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Safer Commodity Screening:

Factors such as extensive demand for dyes from textile industries and significant availability of raw materials is pivotal for market growth. For instance, much recently, Levi Strauss developed a novel screening tool that determines the presence of hazardous contaminants in bulk commodity chemicals that are used for the wet process. Commodity chemicals are produced in bulk and account for a significant percentage by volume in apparel supply chain. At this rate, there can be a possibility of hidden contaminants in manufactured textiles. As a counter measure and under a technological initiative such as ‘safer commodity screening’ software was developed by Scivera (U.S. based) and NimkarTek (Mumbai based Chemical Laboratory). It is also reported that the pilot trials have been conducted with Levi Strauss in the past years. It comes out from the sources that, the Safer Commodity Screening is expected to make significant contributions for a safe and highly transparent chemical supply chains.

By type the market is segmented as neutral, weak and strong dyes. Based on application, the segmentation is comprised of textile, leather and paper. Regionally, European market accounts for a steady growth owing to the wide-ranging demand for various applications. High rate of consumption and huge demand is evident in the European market. Moreover, environmental concerns have induced a strong interest for organic dyes for end-use applications.

Some of the key players in acid dyes market are BASF SE, Kiri Industries Ltd, Qingdao Haiwan Specialty Chemicals Co Ltd, Clariant International Ltd, Shanghai Anoky Group Co Ltd, Tianjin Yadong Group, Zheijiang Jihua Group Co Ltd., and Zheijiang Yide Chemical Co Ltd.