Azo Dyes Market - Forecast(2023 - 2028)

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.

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.

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.

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.

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.