The synthetic dyes market is expected to grow at a CAGR of 5.0% to reach USD 9.1 billion by 2029 from USD 7.1 billion in 2024. The market growth is driven by various factors, including low cost of manufacturing in Asia Pacific, and advancement in digital printing technologies.
The key global players in the synthetic dyes market, such as Lanxess AG (Germany), Archroma (Switzerland), Atul Ltd (India), Zhejiang Longsheng Group Co. Ltd (China), Kiri Industries (India), Kemira Oyj (Finland), Milliken & Company (US), Zhejiang Runtu Co., Ltd (China), Zhejiang Jihua Group (China), Solenis LLC (US), Heubach GMBH (Germany), Bodal Chemicals (India) and Chromascape (US) have a strong foothold in their respective regions and are exploring geographic diversification options to expand their businesses. They are focusing on increasing their market shares through new product launches, expansions.
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ARCHROMA
Archroma is a global provider of specialty chemicals. The company has wide product portfolio, including dyes, textile chemicals, colorants, optical brightening agents, and specialty emulsions for industries such as textiles, packaging, paper, and coatings. Archroma operates through several divisions: brand and performance textile specialties, coatings, adhesives and sealants, and packaging and paper specialties. It has production facilities across the Americas, Asia, Africa, and Europe. The company provides specialized performance and color solutions to meet its customers’ needs in their local markets. Archroma emphasizes R&D; its R&D and technical experts and product managers across the globe help its customers to optimize production processes and enhance products.
LANXESS
Lanxess is a leading specialty chemicals company that offers diversified chemicals and derived products. The company specializes in the development, manufacturing, and marketing of chemical intermediates, additives and consumer protection products across various industries, including automotive, pharmaceuticals, and agrochemicals. Lanxess AG operates through four major business segments namely, consumer protection, specialty additives, advanced intermediates and others. The company provides synthetic dyes through its specialty additives business segment. The company has dyes manufacturing units primarily located in Germany and India. The company has global market presence in 32 countries with Europe, Asia Pacific, Latin America and North American Regions.
Related Reports:
Synthetic Dyes Market by Structure, Form, Application, Fabric Type, Type (Acid; Disperse; Reactive; Direct; Basic; Solvent), End-Use Industry (Textile; Leather; Pulp & Paper; Building & Construction; Personal Care) - Global Forecast to 2029
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