Global Vat Dyes Market is anticipated to witness robust growth in the forecast period, 2024-2028. Vat dyes are used to color cellulose fibers, like cotton fibers. The dyes are colored using a process called fermentation. The primary end-user industry that is stimulating market growth is the textile industry. The demand for textiles from developing countries like China, India, and Brazil is fueling the market's expansion. According to the India Brand Equity Foundation (IBEF), the Indian textile and apparel industry will grow at a 10% CAGR from 2019 to 2025, reaching US$ 190 billion by 2025-26. India has a 4% share of the global trade in textiles and apparel. Moreover, an increase in urbanization and a boost in expendable income are key factors driving the end-user industry.
The fashion industry's demand is also fueling the market's expansion. Vat dyes are used to color cotton fibers such as viscose rayon and leather in the fashion industry and cellulosic fiber. The most common dye in the fashion industry is indigo dye which is used for dyeing denim fabrics. According to the Federation of Indian Chambers of Commerce and Industry (FICCI), the global apparel industry is worth about USD 1.7 trillion and constitutes around 2 percent of the world's GDP. The EU, the USA, and China hold 54 percent of the market. In addition, they are combined with polyester for dyeing materials like a t-shirt. However, due to the high alkali concentration required for the dye bath, pure vat is not used on animal fibers. Additionally, it is anticipated that rising manufacturers' research and development (R&D) investments to launch new product variations will fuel market expansion.
The Expansion of the Fashion Industry is Fueling Market Expansion
The factors stimulating the growth of the fashion industry are rising urbanization and a rise in disposable income. Manufacturers are offering products with more color variations and stability, and these dyes are further used to create colorful, delicate, and eye-catching fashion garments. According to the European Commission, globally, around 5 million people were employed in the fashion industry and another 1 million in end-user industries. All these factors are propelling the growth of the market.
Mergers & Acquisitions
- In 2020, HuntsmanTextile Effects signed an agreement with Vietnam-based Phong Phu International(PPJ) to promote the growth of the product in the region. The deal will likelyfuel growth and development for textile and workwear products for major apparelmarkets like the USA, EU, and Japan.
- In 2021, Sun Chemicaland DIC Corporation collectively acquired BASF’s global pigments business, BASFColors & Effects (BCE). The investment will expand Sun Chemical’s productportfolio for electronic displays, cosmetics, coatings, inks, plastics, andspecialty applications.
New Product Development’s
- In January 2022, AtulLtd launched two new productsNOVATIC Classic Dark Green Pdr and NOVATICClassic Dark Navy Pdr. They are well-suited for institutional wear, leisurewear, and furnishings and provide superior tinctorial strength and durability.
Market players
DuPont de Nemours, Inc., BASF SE, Clariant International AG, Eckart GmbH, Arkema SA,
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | By Product Type By End-Use |
| Regional scope | Europe, North America, Asia Pacific, Middle East & Africa |
| Country scope | Germany; France; United Kingdom; Sweden; Denmark; Switzerland; United States; Canada; Mexico; China; India; Japan; Australia; South Korea; South Africa; UAE, Saudi Arabia ; Brazil; Argentina ; Colombia |
| Key companies profiled | DuPont de Nemours, Inc., BASF SE, Clariant International AG, Eckart GmbH, Arkema SA, Rockwood Holdings, Inc., Royce & Associates, LLC, Lanxess AG, Jagson Colorchem Ltd and Kiri Industries Limited |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
