Acid Dyes Global Market Report 2024

The acid dyes market size has grown rapidly in recent years. It will grow from $3.98 billion in 2023 to $4.43 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth observed in the historical period can be attributed to several factors, including the growth of the textile industry, increasing demand for synthetic fibers, the globalization of textile manufacturing, adherence to regulatory compliance and environmental concerns, and the expanding application of acid dyes in other industries. These factors collectively contributed to the growth of acid dyes within the specified historic period.

The acid dyes market size is expected to see rapid growth in the next few years. It will grow to $6.51 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The anticipated growth in the forecast period can be attributed to various factors, including the growing demand for sustainable dyes, the expansion of technical textiles, shifts in consumer preferences towards environmentally friendly options, the rise of smart textiles, and global economic trends. Major trends expected in the forecast period encompass a focus on regulatory compliance and certification, increasing environmental awareness, innovations in dyeing techniques, digitalization, and the integration of Industry 4.0 principles. These trends collectively contribute to the evolving landscape of acid dyes applications in the forecasted period.

The surge in demand within the textile industry is anticipated to drive the growth of the acid dyes market in the forthcoming period. Acid dyes, widely utilized for coloring various materials including natural fibers such as wool, silk, and synthetic fibers, are pivotal in the textile sector. Notably, in 2021, the National Council of Textile Organizations reported a notable increase in the value of U.S. man-made fiber, filament, textile, and apparel shipments, reaching an estimated $65.2 billion, up from $60.8 billion in 2020. Moreover, U.S. exports of fiber, textiles, and apparel exhibited growth, rising to $22.7 billion in 2021 from $19.4 billion in 2020. This escalating demand within the textile industry is poised to significantly propel the acid dye market.

The escalating demand for leather goods is projected to be a driving force behind the expansion of the acid dyes market in the foreseeable future. These goods, encompassing a diverse array of products crafted from animal hides, rely significantly on acid dyes for their coloring and finishing processes. A prime example is the notable sales surge in Hermès International S.A.'s leather products and saddlery business, marking a 16% increase in 2022 compared to the previous year. This surge was attributed to heightened manufacturing capabilities and sustained consumer demand, thereby underscoring the pivotal role of acid dyes in catering to the rising demand for leather products and consequently, driving the acid dye market's growth.

Technological advancements represent a prominent trend shaping the trajectory of the acid dyes market. Companies operating in this sector are actively embracing novel technologies to fortify their market positions. Notably, in March 2022, Archroma, a Swiss specialty chemical firm, introduced two innovative technologies in acid dyes catering specifically to navy and black sportswear. These dyes, Nylosan Navy S-3R and Black S-3N, formulated by Archroma for polyamides and blends, boast REACH certification, Bluesign authorization, and compliance with ZDHC level 3 standards. Furthermore, they are reported to deliver consistent color output akin to dyes conforming to major color standards, reflecting the pivotal role of technological advancements in driving the acid dyes market's evolution.

Key players within the acid dyes market are forging strategic alliances to innovate and fortify their market positions. These partnerships involve leveraging respective strengths and resources for mutual benefits and success. Notably, in September 2021, Fineotex Chemical Limited (FCL), an India-based chemicals firm, collaborated with Eurodye-CTC S.A., a Belgian textile chemicals company. This alliance aimed to introduce Eurodye-CTC’s sustainable pre-treatment and dyeing products into the Indian market, catering to the escalating demand. FCL's international expansion strategy aligns seamlessly with this collaboration, allowing for the introduction of innovative solutions across various industries. Besides commercialization, the partnership will encompass technology transfers and the provision of Fineotex's technical expertise to bolster customer support for Eurodye-CTC's clientele in India.

In February 2023, Archroma, a Swiss sustainable specialty chemicals company, completed the acquisition of Huntsman Textile Effects division for $718 million. This strategic acquisition marks Archroma's consolidation into two operational divisions aimed at distinct end markets. Huntsman Textile Effects, a US-based manufacturer specializing in textile dyes, digital inks, and chemicals, now stands as a vital component in Archroma's revised business structure, emphasizing its commitment to growth and market diversification.

Major companies operating in the acid dyes market report are Clarian International Ltd., Atul Limited, BASF SE, Zheijiang Jihua Group Co. Ltd., Rudolf GmbH, Kiri Industries Ltd., Hubei Chuyuan Fine Chemical Co. Ltd., Gayatri Group, Equinox Impex India, Meera Dyestuff Industries, Shanghai Anoky Group Co Ltd., Tianjin Yadong Group Co Ltd., Lonsen Kiri Chemical Industries Limited, Seta Corporation, Hangzhou Dikai Chemical Co Ltd., Huntsman Corporation, Keystone Aniline Corporation, Colourtex Industries Private Limited, Cromatos Industria Quimica Ltd., Everlight Chemical Industrial Corporation, Runtu Co. Ltd., Jihua Group Corporation Limited, Transfer Group Co. Ltd., Yabang Chemical Group Co. Ltd., ANOKY (Shanghai) Co. Ltd., Jiangsu Jinji Industrial Co. Ltd., YaBuLai Dyestuff Co. Ltd., OHYOUNG Chemical Co. Ltd., Taiwan Jeanwan Chemicals Co. Ltd., Oriental Giant Dye & Chemical Inc., Archroma Management LLC.

Asia-Pacific was the largest region in the acid dyes market in 2023. The regions covered in the acid dyes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the acid dyes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The two main types of acid dyes are strong acid dyes and weak acid dyes. Strong acid dyes, also known as levelling dyes, are used in strongly acidic conditions, but their wet fastness features can be a drawback. Various dyeing types within the acid dye category include levelling dyes, fast dyes, milling dyes, and super milling dyes. These dyeing types encompass chemical categories such as monoazo and bisazo dyes, nitro dyes, nitroso dyes, triphenylmethane dyes, xanthene dyes, azine dyes, quinoline dyes, ketonimine dyes, anthraquinone dyes, and phthalocyanine dyes. Acid dyes find applications in various industries, including textile, leather, and jute dyeing.

The acid dyes market research report is one of a series of new reports that provides acid dyes market statistics, including acid dyes industry global market size, regional shares, competitors with an acid dyes market share, detailed acid dyes market segments, market trends, and opportunities, and any further data you may need to thrive in the acid dyes industry. This acid dyes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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