Solvent Dyes Market

Solvent Dyes Market Outlook (2022-2032)

Solvent dyes market expansion is being significantly aided by the rising demand for printing inks, pens, waxes, candles, leathers, acrylic resins, wood stains, and shellacs on a global scale. Due to their widespread application in color lubricants in the automotive and industrial cutting industries, these dyes are generating a lucrative potential for the market.

Organic waxes, solvents, polymers, lubricants, hydrocarbon fuels, and other non-polar compounds based on hydrocarbons are the main substrates that these dyes are used to color. Solvent dyes, which are organic solvents, are widely used in a variety of sectors and are renowned for their crucial flexibility in a wide range of applications.

Among other applications, synthetic dyes are frequently used in the plastic industry. In this industry, the product is used to color numerous solid materials such as polyester, acetates, nylon, acrylics, PMMA, PETP, polystyrene, PVC, and styrene monomers. Moreover, these are used as apparatus by the biological strain engineering community to produce versatile strains that will identify several cell structure components in scientific research and medical diagnostics.

The global solvent dyes market is valued at USD 38.17 Billion in 2022. The arcade is anticipated to gain growth with a CAGR of 5.43% in the forecast period. The market is expected to reach a valuation of USD 64.77 Billion by end of 2032.

Report Attributes	Details
Market size (2022 A)	USD 38.17 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 64.77 Billion
Global Market Growth rate (2022-2032 E)	CAGR of 5.43%
Key Companies Profiled	LANXESS Kunshan Organic Chemical Factory Megha International Hangzhou Epsilon Chemical Hangzhou Sunny Chemical Kolorjet Chemicals Nantong Saint Colorchem Pylam Products Company, Inc. Abbey Color Tianjin Shenyuan Chemical Winchem Industrial Nitin Dye Chem Redsun Dye Chem Advent Dyestuffs Chemicals Pvt. ltd

Segment Wise Insights

Solvent dyes are utilized as coloring agents in a variety of industries. Since these are organic coloring agents, the demand for them in the cosmetics sector is expected to increase during the forecast period. These are the ideal additives for decorative cosmetics since they are given in the liquid form, and have great color strength, light stability, and fluorescence.

Solvent pigments are increasingly being used as coloring pigments in the cosmetics industry. Organic dyes are preferred by cosmetics makers over chemical coloring pigments. The growth of the market is anticipated to benefit greatly from the cosmetics industry.

The participants in the automotive, furniture and packaging industries are promoting exciting possibilities and high-value uses for bio-based coating materials. Due to the demand for renewable options, these businesses are currently investing and releasing new items on the market.

The demand for non-solvent coatings is expected to increase over the forecast period. Manufacturers are paying attention to global warming and climate change, which is anticipated to fuel growth throughout the foreseeable future. The primary reasons for the move to bio-based explorations are the regulations of the European Union that have an impact on businesses in terms of carbon emission restrictions.

In the packaging type segment, the market can be segmented into bottle, bulk, and tetra packaging. The global market can be segmented on the basis of geographical regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa (MEA), and emerging countries.

Oil-soluble dyes are widely preferred over water-soluble dyes as they are quick to dry and have a strong adhesion feature. Water-based solvents are less bleed through it’s hard to melt the surface. Benzene solvent is anticipated to cross valuation of 74.9 Million metric tons by 2029.

“Green solvents driving sustainability”

Bio solvents and green solvents are recent trends in coating solutions which are largely preferred for their sustainability and environmental friendliness. These are derived from agricultural produce and crops. The market value in green solvent material is anticipated to cross USD 6 Billion by 2023 from USD 4.2 Billion estimated in 2018.

Competitive Landscape

The global market comprises several developers, who are primarily converging on developing advanced versions of solvent dyes mainly for food and beverage products. The companies engaged in manufacturing and distribution are focused on expanding their business footprint by enhancing their product portfolio.

Solvent Dyes Market Segmentation

• By Type :

  • Metal Complex - Solvent Dyes
  • Oil-Soluble Dyes
  • Water-Soluble Dyes
  • Others

• By Appliccation :

  • Plastics
  • Fuel & Lubricants
  • Coatings & Paints
  • Others

• By End-use Industry :

  • Cosmetics
  • Paint & Coatings Industry
  • Others

• By Region :

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics, Eastern Europe, Rest of Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea, Australia & New Zealand, Rest of APEJ)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel, Rest of MEA)