Vat Dyes Market - Forecast(2023 - 2028)

Report Code: CMR 85293 Report Format: PDF + Excel

Vat Dyes Market Overview

The Vat Dyes Market size is forecast to reach US$14.5 billion by 2027, after growing at a CAGR of 5.3% during 2022-2027. Globally, the Vat Dyes  are utilized in the textile industry for dyeing purposes. The increasing growth of the textile industry is driving the Vat Dyes Market growth. Vat Dyes  such as indigo and the anthraquinone derivatives are used on cellulosic fibers such as cotton, leather, and others and requires a reducing agent such as sodium dithionite to solubilize them for utilization. The all-round fastness characteristic of Vat Dyes , including light, perspiration, washing, and chlorine fastness, is driving the demand of the market. The growing fashion industry is an important factor that is anticipated to augment the Vat Dyes Market. Additionally, the rise in the usage of natural paint fibers such as hemp, jute, cotton, and other cellulosic fibers is also estimated to drive the Vat Dyes Market growth in the forecast period.

COVID-19 Impact

The textile and fashion industries were widely affected due to the COVID-19 outbreak. Owing to the nationwide lockdown, the production process of various goods in these industries declined due to the non-functioning of the manufacturing plants. Economies of each sector got affected and resulted in stagnation of activities across the sectors that use Vat Dyes . According to the European Parliament, production dropped by 15% for clothing and 7% for textile, and retail sales dropped by 9.4% for clothing and 9.7% for textile in 2020, due to the decreased interest in buying clothes due to COVID-19. However, overall turnover in the industry is expected to reach about 15% in 2021, with a potential catch-up of consumer spending, thus, once the textile sector’s activities get back on track and start functioning fully, the market for Vat Dyes  is estimated to incline.

Report Coverage

The report: “Vat Dyes Market Report – Forecast (2022 - 2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Vat Dyes industry.

By Product Type: Carbazol Derivatives, Indigo Derivatives, Anthraquinone Derivatives, Thio-indigo Dyes, and Others
By Methods: Dip Dyeing and Pad Dyeing/Continuous Dyeing
By Application: Wool, Cotton, Fiber, Viscose Rayon, Leather, and Others
By Geography: North America (U.S.A., Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East and Africa)

Key Takeaways


Figure: Asia-Pacific Vat Dyes Market Revenue, 2021-2027 (US$ Billion)

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Vat Dyes Market Segment Analysis – By Methods

The dip dyeing method held the largest share in the Vat Dyes Market in 2021. The dip dyeing process is primarily adopted for dyeing cotton fabrics with Vat Dyes , and depending on the processing volume, machine is used for dyeing purpose such as cheese dyeing machine or a beam dyeing machine. The increasing requirement of cotton fabric as a priority, necessitates the need to adapt to the liquid flow dyeing machines for dip dyeing method for the high quality of cotton knitted fabrics. Additionally, the increasing requirements of small batches and quick processing, fabric dyeing will rise in the forecast period. Thus, the rising demand for dip dyeing method of fabrics is estimated to drive the growth of the Vat Dyes Market.

Vat Dyes Market Segment Analysis – By Application

The cotton segment held the largest share in the Vat Dyes Market in 2021 and is expected to grow at a CAGR of 5.8% during 2022-2027. The textile industry uses Vat Dyes  for dyeing purpose of cotton fabrics. They are applicable for dyeing of cotton yarns that are used in denim manufacturing, wherein high wash and boil fastness is required. Cotton is an important fibre for clothing therefore, its utilization and production in the textile industry is high. The increasing growth of cotton production for textile industry is driving the Vat Dyes Market growth. For instance, according to the Indian Brand Equity Foundation (IBEF), by 2030, the cotton production in India is projected to reach 7.2 million tonnes (~43 million bales of 170 kg each), driven by the increasing demand from consumers. Thus, the rising growth in cotton production for textile industry is estimated to drive the growth of the Vat Dyes Market.

Vat Dyes Market Segment Analysis – By Geography

Asia-Pacific region dominated the Vat Dyes Market with a share of more than 41% in the year 2021. APAC region is one of the leading Vat Dyes  manufacturers globally, with China and India being the key consumers and suppliers of Vat Dyes Vat Dyes  such as carbazol derivatives, indigo derivatives, anthraquinone derivatives, thio-indigo dyes, and other products are used in textile and fashion industries for dyeing application. Moreover, the rising growth and increasing investments in the textile industry, has uplifted the development of the Vat Dyes Market. For instance, according to IBEF (Indian Brand Equity Foundation), in May 2021, Indo Count Industries Ltd. (ICIL), announced an investment of Rs. 200 crore (US$ 26.9 million) to expand its textile production capacity. Thus, with the growth of the textile industry, the market for Vat Dyes  in the Asia-Pacific region will further rise over the forecast period.

Vat Dyes Market Drivers

Surging Demand for Vat Dyes in the Textile Industry

The textile industry utilizes Vat Dyes  for staining of cellulosic fibers such as wool, cotton, viscose rayon, and leather, by using reducing agent such as sodium dithionite, to make the dye soluble. Growth in the distribution and production of textiles is increasing the need for Vat Dyes . The demand for textiles is in direct proportion to the rise in the standard of living in emerging countries. The textile industry uses more than 98 million tons of non-renewable resources annually, including chemicals for creating, dyeing, and finishing yarns and fabrics. Additionally, increase in popularity of natural plant fibers such as hemp, flax, and others are anticipated to fuel the market growth. The increasing growth in the textile industry is driving the market growth. For instance, according to the report 'Technical Textiles: Emerging Opportunities and Investments' released by the Federation of Indian Chambers of Commerce and Industry (F.I.C.C.), the Indian technical textile market is expected to expand by US$ 23.3 billion by 2027. Thus, the rising growth in the textile industry is estimated to drive the growth of the Vat Dyes Market.

Growth in the Fashion Industry is Driving the Market Growth

Globally, the changes in lifestyle, increase in disposable incomes, and rising urbanization are the main factors driving the fashion industry, which, in turn, is surging the demand for the Vat Dyes Market. In order to attract customers, manufacturers of dyes are introducing products with more colour variations and stability, which are used in the production of colourful, soothing, and eye-catching fashion garments. The increasing investments in fashion industry is driving the Vat Dyes Market growth. For instance, in 2021, Ghanaian businesswoman and entrepreneur Roberta Annan launched a €100 million (US$110.15 million) fund to channel investment into small and medium African creative and fashion enterprises. Thus, the development of the fashion industry is an important factor, which is estimated to fuel the demand for Vat Dyes, thereby augmenting the growth of the Vat Dyes Market.

Vat Dyes Market Challenges

Waste Generated from Vat Dyes Will Hinder the Market Growth

The environmental protection agency (EPA) has classified residues from dyeing industries as hazardous under the Property, Conservation, and Recovery Act. Waste from the manufacture of dyes is regarded as EPA hazardous waste K181. The waste is generated during processing and production of dyes from manufacturing units. The residual waste from dyes’ production, which is used for staining and printing fabrics and yarns, are known to create health issues in humans and aquatic life, and also pollutes the water bodies. Thus, the waste generated from Vat Dyes  will hamper the market growth.

Vat Dyes Market Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies players adopt in the Vat Dyes Markets. Vat Dyes top 10 companies include:

  1. BASF SE
  2. Clariant International
  3. CPS Color
  4. DowDuPont
  5. Flint
  6. Jagson Colorchem
  7. Kiri Industries
  8. LANXESS
  9. Colors Business
  10. Royce Associates

Recent Developments

In January 2022, Colors Business launched customised Vat Dyes  for textile clusters, that are suitable for exhaust dyeing applications. It provides superior tinctorial strength, have excellent build-up, reproducibility, and overall fastness properties.

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1. Vat Dyes Market- Market Overview
    1.1 Definitions and Scope
2. Vat Dyes Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Methods
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Vat Dyes Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Vat Dyes Market - Startup Companies Scenario Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Vat 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 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Vat Dyes Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Vat Dyes Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Vat Dyes Market – By Product Type (Market Size -US$ Million/Billion)
    8.1 Carbazol Derivatives
    8.2 Indigo Derivatives
    8.3 Anthraquinone Derivatives
    8.4 Thio-indigo Dyes
    8.5 Others
9. Vat Dyes Market – By Methods (Market Size -US$ Million/Billion)
    9.1 Dip Dyeing
    9.2 Pad Dyeing/Continuous Dyeing
10. Vat Dyes Market – By Application (Market Size -US$ Million/Billion)
    10.1 Wool
    10.2 Cotton
    10.3 Fiber
    10.4 Viscose Rayon
    10.5 Leather
    10.6 Others
11. Vat Dyes Market - By Geography (Market Size -US$ Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Vat Dyes Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Vat Dyes Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share at Country Level - Major companies
    13.4 Market Share by Key Geography - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product - Major companies
14. Vat Dyes Market – Key Company List by Country Premium Premium
15. Vat Dyes Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies*"

LIST OF TABLES

1.Global Vat Dyes Market, by Type Market 2019-2024 ($M)
2.Global Vat Dyes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Vat Dyes Market, by Type Market 2019-2024 (Volume/Units)
4.Global Vat Dyes Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Vat Dyes Market, by Type Market 2019-2024 ($M)
6.North America Vat Dyes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Vat Dyes Market, by Type Market 2019-2024 ($M)
8.South America Vat Dyes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Vat Dyes Market, by Type Market 2019-2024 ($M)
10.Europe Vat Dyes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Vat Dyes Market, by Type Market 2019-2024 ($M)
12.APAC Vat Dyes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Vat Dyes Market, by Type Market 2019-2024 ($M)
14.MENA Vat Dyes Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
2.Canada Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
10.UK Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
12.France Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
16.China Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
17.India Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Vat Dyes Industry Market Revenue, 2019-2024 ($M)
21.North America Global Vat Dyes Industry By Application
22.South America Global Vat Dyes Industry By Application
23.Europe Global Vat Dyes Industry By Application
24.APAC Global Vat Dyes Industry By Application
25.MENA Global Vat Dyes Industry By Application