The global organic functional dyes market held a market value of USD 1,891.7 Million in 2020 and is estimated to reach USD 3,214 Million by the year 2027. The market is anticipated to register a CAGR of 8.8% during the forecast period. The market volume for organic functional dyes in 2020 was 35,294.7 tons.Organic functional dyes are derived from invertebrates and plants. The market is anticipated to grow owing to factors such as increase in application of organic functional dyes in printing inks.
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Furthermore, growing shift towards adoption of environmentally friendly products along with rising consumer spending is expected to fuel the market growth. However, the high cost of raw material is expected to hinder market growth.
Increase in application of organic functional dyes in printing inks
Organic functional dyes are increasingly being used for printing purposes in paper, pulp, and textile industries. Furthermore, they are also used in digital textile printing for preparation of water-based inks. Natural dyes used for preparing printing inks include cutch, golden dock, annatto, and pomegranate ink. Growing adoption of natural dyes for various purposes including manufacturing of inks is expected to boost the market growth.
The global organic functional dyes market is segmented into type, external energy, and application.
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The chromic dyes is expected to hold the largest market share of about 64% owing to the color reversible nature of these dyes. Around 5,000 tons of phosphorescent dyes are expected to be sold by 2025.
By External Energy,
The heat segment is estimated to hold the largest value share of about 30% owing to high usage of heat based functional dyes in various industries, such as the packaging industry. The electric field segment is anticipated to witness the fastest growth rate of about 10.3% during the forecast period.
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Non-Medical (Smart) Textiles
Thermal and Ink-Jet Printing
Optical Data Storage
Optical & Chemical Sensors
Molecular Scale Logic Devices
Thermo Regulation (Brand Forgery)
Surface Disinfectant (antimicrobial)
UV Protection Dye
Moth/ Mosquito Repellant Dyes
The textile segment is expected to hold the largest market share owing to the increasing adoption of organic functional dyes for manufacturing medical textiles. The moth/mosquito repellent dyes segment is estimated to witness the fastest growth rate of around 12.2% owing to rising research activities for the development of more natural mosquito repellents. The robotics segment is anticipated to surpass a market volume size of about 1,307.1 tons.
On a regional basis, the global organic functional dyes market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
The European region is expected to grow due to the increasing use of organic functional dyes in determining the quality of frozen meat and dairy products. The North American region is anticipated to grow owing to the presence of many major players in the region. The Asia Pacific region is expected to grow owing to the rising usage of organic functional dyes in the textile industry.
Key players operating in the global organic functional dyes market include Associated Dye Stuff Pvt. Ltd., Cathay Pigments, Denim Dyes & Chemicals, Flint Group, Huntsman Corporation, Kiri Industries, KISCO, Megha International, Shanghai Ruiyan Chemical Technology Co., Ltd., Sudeep Industries, Taiyo Fine Chemicals, Yamada Chemical Co. Ltd., and Yamamoto Chemicals, among others.
The cumulative market share of the major 13 players is near about 23%. These market players are engaged in partnerships, new product launches, mergers & acquisitions to strengthen their market presence. For instance, in November 2020, Flint Group Packaging Inks launched a regional service center in Barcelona, Spain for providing better services to its customers in the country. With this, the company strengthened its position in the Spanish market.
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The global organic functional dyes market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Organic functional dyes market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The global Organic functional dyes market report answers questions such as:
What is the market size and forecast of the Global Organic functional dyes Market?
What are the inhibiting factors and impact of COVID-19 on the Global Organic functional dyes Market during the assessment period?
Which are the products/segments/applications/areas to invest in over the assessment period in the Global Organic functional dyes Market?
What is the competitive strategic window for opportunities in the Global Organic functional dyes Market?
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What is the market share of the leading players in the Global Organic functional dyes Market?
What modes and strategic moves are considered favorable for entering the Global Organic functional dyes Market?
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