Azo Dyes Market Overview
Azo Dyes Market size is forecast to reach $XX million by 2025, after growing at a CAGR of XX% during 2020-2025. Owing to their excellent fastness properties and ability to impart high intensity and bright colours, they are extensively used in the fabric dyeing process. On account of ease of manufacturing and low production cost, the majority of commercial dyes belong to this class. These dyes pose intense bright colors which makes them suitable for the natural coloring in the textile and food industry. The medical importance of Azo dye is also well known for its antibiotic, antifungal, and anti-HIV properties. Therefore, the application of Azo Dye in various industries such as textile, pharmaceutical, food, and cosmetics is boosting the market growth.
The report: “Azo Dyes Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Azo Dyes Industry.
By Color: Brown, Red, Yellow and others.
By Type: Disperse Dyes, Metal-complex dyes, Reactive Dyes and Substantive dyes.
By End Use Industry: Textile, Cosmetics, Pharmaceuticals, Food and others
By Geography: North America, South America, Europe, APAC, and RoW.
- Asia Pacific dominates the Azo Dyes market, owning to rising awareness among the consumers, rapidly growing middle class, and increasing disposable income in the region.
- Continuing advances in the medical and textile sectors, coupled with changing demographics and consumer demand, are expected to boost the market over the forecast period.
- The ongoing spread of COVID-19, has increased the demand for protective masks, gowns, gloves and so on. Thus, supporting Azo Dyes market growth.
End Use Industry - Segment Analysis
The Textile industry held the largest share in the Azo Dyes market in 2019 and is growing at a CAGR of XX% during the forecast period. Azo dyes are the most important class of textile dyes. These are used in dyeing textile fibers, particularly cotton but also wool, silk, viscose, and synthetic fibers. These are easy to use, relatively cheap, and provide clear and strong colors. Owning to antibiotic, antifungal, and anti-HIV properties Azo dyes are widely used in dyeing sanitary towels. According to the International Trade Centre (ITC), the world export of sanitary towels and tampons increased from 15,784,370 to 16,301,138 in 2018. China held the largest export market constituting an export value of 1,80,586 in 2018. Thus, growth in the export of sanitary towels is supporting Azo dyes Market growth.
Geography - Segment Analysis
Asia-Pacific held the largest share in the Azo Dyes market in 2019 up to 54%, due to the flourishing textile industry in the region. This is attributed to the rapidly increasing demand for apparel, particularly through e-commerce portals. Moreover, manufacturers prefer setting up manufacturing units in countries such as China, India, and Pakistan owing to the abundant availability of raw materials such as cotton, wool, silk, and jute, and low labor costs. According to India Brand Equity Foundation, in 2020, New Textile Policy 2020 is expected to be released by the Ministry of textiles. In addition, huge investment is being made by the government of India under the Scheme for Integrated Textile Parks (SITP) (up to $184.98 million) and Technology Up-gradation Fund Scheme (TUFS) (up to $ 961.11 million) released during 2015-16 to 2019-20 to encourage more private equity. In 2019, China National Textile & Apparel Council (CNTAC) announced to cooperate in the Pakistan textile sector. The delegation examined the business environment in Pakistan for future investment and expressed interest to invest in textile research centers and stitching labs. The China–Pakistan Economic Corridor (CPEC) had opened huge investment opportunities in Pakistan and in the wake of the China-Pakistan free trade agreement phase-II. Therefore, with the growth in the textile industry in the region the azo dyes market is also increasing.
Drivers – Azo Dyes Market
Extensive applications in the textile industry and low production cost
The global azo dye market is primarily driven by its extensive applications in the textile industry. These dyes are heavily employed in the textile industry because of their properties such as bright colors and excellent fastness. The majority of the demand growth occurs from the developing regions. The increasing disposable income coupled with growing infrastructural facilities is driving the textile industry in these countries. As the textile sector accounts for more than half of the total azo dye demand, the upcoming textile production will boost the market for azo dyes during the forecast period. Manufacturing azo dyes is pretty easy and cheap as the components of the dyes are cheap and easily available. In addition, while producing it, different levels can be set, and adjusted easily according to the requirement. Furthermore, the energy required for the process is also less, as the composition of chemical structure happens at or below the room temperature. In fact, all the chemical processes of azo dye are done using water. And it is easy, and cheap to avail water, even cleaning and disposing off is simple. Due to all these reasons, azo dyes are cheap, easily produced, and widely used. Azo dyes are consistent compared to other natural food dyes. They are steady and firm, when compared to the pH series of food. They do not fade when exposed to light and oxygen, and are also heat resistant. Therefore, these factors are driving their demand.
Challenges – Azo Dyes Market
Toxicity of azo dyes
Color has an important role to play in the textile, food, printing, pharmaceutical, and cosmetic industries. Azo dye is extensively used as a coloring agent in most of the industrial processes. However, it has become a matter of debate regarding the toxic and carcinogenic components it contains. It has also posed a challenge for the textile industries for its removal from industrial wastewater. Azo dyes are consistent compared to other natural food dyes. In addition, the use of azo dyes in food products has been a matter of concern. Firstly, it has been noticed that the body goes through a reaction when it absorbs certain azo dyes. This reaction produces certain cancer-causing amines. The dye itself is not harmful. However, when it breaks down, the amine that is produced is dangerous. Therefore, stringent rules have been implemented to ban the dyes which have cancer-causing amines. Therefore, these factors are restricting azo dyes market.
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Azo Dyes Market. In 2019, the market of Azo Dyes Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Azo Dyes market includes Huntsman, Archroma, Nippon Kayaku, Kiri Industries, BEZEMA, Kyung-In, Colourtex, Jay Chemicals, Everlight Chemical, Bodal Chemical, Sumitomo, Eksoy, Osaka Godo, Aarti Industries Ltd, among others.
1. Azo Dyes Market- Market Overview
1.1 Definitions and Scope
2. Azo Dyes Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Color
2.3 Key Trends by Type
2.4 Key Trends by End Use Industry
2.5 Key Trends by Geography
3. Azo Dyes Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Azo Dyes Market - Startup companies Scenario Premium Premium
4.1 Top startup company Analysis by
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Azo Dyes Market– Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Azo Dyes Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Azo Dyes Market - Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Azo Dyes Market – By Color (Market Size - $Million / $Billion)
9. Azo Dyes Market – By Type (Market Size - $Million / $Billion)
9.1 Disperse Dyes
9.2 Metal-complex dyes
9.3 Reactive Dyes
9.4 Substantive dyes
9.5 Knitted Fabrics
10. Azo Dyes Market – By End Use Industry (Market Size - $Million / $Billion)
11. Azo Dyes Market - By Geography (Market Size -$Million / $Billion)
11.1 North America
11.2 South America
11.2.4 Rest of South America
11.3.7 Rest of Europe
11.4 Asia Pacific
11.4.5 South Korea
11.4.6 Rest of Asia Pacific
11.5.1 Middle East
12. Azo Dyes Market- Entropy
12.1 New Product Launches
12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis Premium
13.1 Market Share by Country- Top companies
13.2 Market Share by Region- Top companies
13.3 Market Share by type of Product / Product category - Top companies
13.4 Market Share at global level- Top companies
13.5 Best Practices for companies
14. Azo Dyes Market - List of Key Companies by Country Premium
15. Azo Dyes Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10 and more
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