Paper Dye Market is projected to reach USD 1008.2 Million by 2023 with growth at 3.02% CAGR during review period of 2017-2023

Paper Dye Market
Global Paper Dye Market Information- by Type (Direct, Sulfur, Acid, Basic), by Form (Powder and Liquid) and by Application (Coating, Printing & Writing, Packaging & Boards and Others), by Region (Asia Pacific, North America, Europe, Middle East &Africa, Latin America) – Forecast to 2023

Market Synopsis of Global Paper Dye Market:

Global Paper Dye Market has been increasing tremendously, specifically in Asia Pacific region, owing to rapid industrialization, recent advancement in paper industry and rise in the populations in this region resulting to increasing in demand for the dye. By type, the direct dye is commonly used in paper industry due to its high affinity for the cellulose. Additionally, application of Dye in Paper Coating strongly contribute to the growth of the Paper Dye Market. Moreover, the demand for paper dye in printing & writing such as newspaper is increasing day by day in world which leads to an increase in Paper Dye Market. Europe is the second largest consumer of paper dye especially in terms of coating, printing & writing based application. In addition to this, Europe is followed by North America. The coating based application of Paper Dye is leading in North America. Moreover, According to market research, there are tremendous opportunities for new comers and existing Paper Dye manufacturers to collaborate and expand the business to fulfil the demand in this sector.

Market Highlights:

Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Paper Dye Market” is estimated to be valued at USD 824.3 million in 2016 and expected to grow at highest CAGR during the forecast period. By type, direct dye accounted for the largest market share in 2016, projected to grow highest during the forecast period. Direct dye segment is followed by sulphur dye, acid dye and basic dye. The properties of paper dye such as, affinity for cellulose fiber, good light fastness, ability to fix on fiber using fixing agent, tendency to mottle for dye in the end use applications is expected to stimulate the demand for direct dye and paper dye segment. In terms of volume, direct dye is leading the market in 2016 and expected to grow at a CAGR of 3.22% during the forecast period in Asia Pacific region. Europe is the second largest consumer of paper dye followed by North America.     

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Segment Analysis:

Global Paper Dye Market has been segmented into: Type, Form and Application. On the basis of type, the market has been divided into direct dye, sulphur dye, basic dye and acid dye. Based on the form, the market is segmented as liquid form and powder form. On the basis of Application, the market is segmented in to coating, printing & writing, packaging & boards and others.

The consumption of Paper Dye as a basic dye accounts for the largest market share in the global market, owing to its inherent properties such as affinity for cellulose fiber, good light fastness among others. The segmental growth of direct dye can be attributed to various factors such as the surge in demand from the coating sector, surge in printing sector, and increasing prevalence of applications in packaging & boards among others. Moreover, others types of dyes like sulphur, acid and basic dye are used in lesser quantity due to its lesser affinity towards the cellulose fibres. Additionally, paper dye is utilized in various niche sectors. It is commonly utilized as coating to increasing the life of the product. Paper dye in liquid form is commonly in comparison to powder form.

The coating application is one of the major consumer of paper dye, coating market is valued at approximately USD 367.6 million in 2016; growing highest across all the applications of paper dye during forecast period. Due to increasing focus on printing paper among consumers the printing & writing is the second largest market for the paper dye. The packaging & boards segment is the third largest consumer of paper dye, the segment accounted more than one tenth of the global market share.

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Regional Analysis:
Global Paper Dye Market is segmented into Asia Pacific, Europe, North America, Middle East, Latin America based on the region. Asia Pacific accounted for the largest market share in 2016, and is projected to grow at the highest CAGR of 3.12% during the forecast period of 2017 to 2023. Europe accounted second largest the market share in 2016.  Moreover, North America is the third largest consumer of Paper Dye, accounted the significant market share of 21% in 2016. The demand for coating based application of paper dye dominates in across the world. With the strict environment pollution regulation in North America and Europe, Asia Pacific region is expected to gain the Paper Dye Market from these regions.

Segmentation:
Global Paper Dye Market is segmented on the basis of Type, Form, Application and Region. On the basis of type, Paper Dye Market is segmented into direct dye, sulphur dye, acid dye and basic dye. In terms of form, the market is segmented in to liquid dye and powder dye. On the basis of application, market is segmented in to coating, printing & writing, packaging & boards and others. Regionally, market is segmented into – North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Key Findings:
Global Paper Dye Market is projected to reach USD 1008.2 Million by 2023 with growth at 3.02% CAGR during review period of 2017-2023. Asia-Pacific accounted for largest share due to growing application industries in this region and expected to gain market from North America and Europe during forecast due to stringent pollution control norms. In Asia Pacific Region, China accounted highest market share followed by India, India accounted second highest market share in the region.

Paper Dye Market in India is estimated to grow at highest in Asia Pacific Region. India is expected to gain market from China due to strong environment pollution concern in China and requirement to set up effluent treatment plants. Paper Dye Market is consolidated in the developing regions owing to less environmental pollution regulations, the market in the developing regions are fragmented with dominance of medium and small manufacturer from the Asia-Pacific region.

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