According to the latest report published by Market Research Future (MRFR), the global market for Paper Dye will expand at CAGR of 3.03% during the review period (2017-2023). Towards end of 2023, the market is likely to stand at USD 1008.2 Mn. Down the years, the global sales of Paper Dye has increased substantially due its increased application. Moreover, rapid adoption of next-gen high-speed sprinting technology is making a positive influence on the adoption of Paper Dye. Paper use has changed significantly across the globe; this has resulted in an increased demand for pre-processed paper. In the modern world, colour paper finds a spectrum of application right from decoration to packaging. Factors such as changing consumer preference and development of advanced printing technologies are creating opportunities for paper dye. The Paper Dye Industry has continued to evolve since its inception; manufacturers remain focused on further improving their product functionality by investing in research and development activities. Currently, there is a range of cost-efficient and effective technologies available for paper dyeing. Factors as such are reflecting favourably on the global market for paper dyeing.
Latest Industry Highlights:
Prominent colour and specialty chemicals manufacturer Archroma has recently launched a new product line that is typically an eco-friendly and non-PFC based highly durable water repellent protection solution. The new product line, the “Smartrepel Hydro series” is reportedly a biodegradable protection agent, which is based on non-PFC and distinctive micro-encapsulated technology.
DyStar Group, a leading chemical company having expertise in auxiliaries, colourants, and services, has unveiled a novel concept of its resource saving module. It is a high performance pad-dry-thermosol-pad-steam dyeing technology specifically targeted towards open width PES/CO fabrics.
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Global Market for Paper Dye – Segmental Analysis
MRFR in its report has offered a thorough segmental analysis of the market based on application, form, type and region. By application, the market has been segmented into packaging & boards, printing & writing, coating and others. By form, the market has been bifurcated into powder dye and liquid dye. By type, the market has been segmented into sulphur dye, basic dye, direct dye, and acid dye. The direct dye segment is expected to a highly attractive segment throughout the review period. Owing to its high affinity for the cellulose, preference for direct dye is extremely high in the paper industry. On the basis of region, the market in segmented into Europe, Latin America, North America, the Middle East & Africa (MEA) and Asia Pacific.
Asia Pacific is expected to dominate the global market for Paper Dye throughout the assessment period. Led by China, the market in the region is projected to expand at a CAGR of 3.12% between 2017 and 2023. Meanwhile, India is remains an extremely important market for paper dye in the region. Increased environmental concerns over production of Paper Dye in China is prompting manufacturers to looking for other feasible destinations. This is creating significant growth opportunities for the market in India. Presence of a lenient and highly tolerant regulatory system is encouraging manufacturers to increase investment in the country. Asia Pacific is followed by Europe and North America respectively. However, stringent environmental regulations is likely to impact the growth of the market in these region over the next couple of years. Europe is currently the second largest market for Paper Dye while North America accounted for close to 21% market share in 2016.
Global Market for Paper Dye – Competitive Landscape
Leading companies operating the global market for paper dye include Kemira, Archroma, Atul Ltd, BASF SE, Chromatec Inc., and DyStar Group. Many of these market players are investing on up-gradation of manufacturing facility to improve production volume and reduce environmental degradation. In addition, contract manufacturing and outsourcing are some of the key trends observed in the industry.
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