The report titled “China Dyes Market Outlook to 2022 – By Market
Structure (Organized and Unorganized Market), By Export and Domestic Sales, By
Applications (Textiles, Printing Inks, Paints and Coatings, Construction and
others) and By Type of Dyes (Disperse, Reactive, Acid, VAT and others)” focuses on overall market size for dyes in China,
China dyes market segmentation by market structure (unorganized and organized
market), by product type (Reactive Dyes – Mild Exhaust, Highly Exhaust, Cold
Dyes and Other Reactive dyes; Disperse Dyes - Anthraquinone Dyes, Azo Disperse
Dyes; Direct Dyes, Acid Dyes – Strong, Weak and Neutral Acid Dyes; VAT dyes - Based
on Indigo Derivatives, Based on Anthraquinone Derivatives and others), by
application (textiles, leather, paper, printing inks and others), by export and
domestic sales. The report also covers the overall competitive landscape of
major companies such as Zhejiang Longsheng Group, Zhejiang Runtu Group, Jiangsu
Jinji Group, Shanghai Anoky Group, Zhejiang Jihua Group, Jiangsu Yabang
Dyestuff Co Ltd, and others. The report concludes with market projection for
future for dyes market and analyst recommendations highlighting the major
opportunities and cautions for overall China dyes market.
China Dyes Market Size
In terms of revenue, the dyes market within China has
registered a constant growth with positive CAGR in last five years (2012-2017).
China produces about 600-650 varieties of dyes which is able to meet most of
the domestic market demand. The 13th Five Year Plan that focuses on ecological
safety and environmental protection upgrades has led to the transformation of
the dye industry in terms of integration and automation, focusing on
eco-innovation and environmental safety upgrades, research and development
focus on marketable and high value-added product development.
China Dyes Market Segmentation
The organized players operating in China dominate the
dyestuff industry which focuses on manufacturing high end products which
include VAT dyes, fluorine based reactive dyes and others.
The disperse dyes segment dominated China dyes market in 2017
owing to its wide usage in the country’s textile industry. Disperse dyes are
mainly used for the dyeing and printing of polyester, and also for the dyeing
of textiles such as acetate and nylon. Within the disperse dye market,
anthraquinone disperse dyes have accounted for the larger share in the overall
revenue generated in China disperse dye market. Reactive dyes have accounted
for the second largest share in revenue generated in China dye market. Within
the reactive dye segment, mild exhaust reactive dyes have registered the
largest share in terms of revenue in 2017. Other types of dyes include acid dyes,
direct dyes and Vat dyes.
The textiles industry in China established itself as market
leader in terms of dyestuff consumption majorly due to high demand of natural
fibers and recycled fibers in China. Companies in developed countries have
gradually withdrawn from the basic dye synthesis business and formed dyestuff
semi-finished products that mainly rely on imports from China to process high
value-added dye commercial products. Other major end users include leather
industry, printing inks industry, paper industry and others.
With the development of end users such as textile industry,
leather industry, printing inks industry and others in China, the domestic sale
of dyes has registered the larger share in the overall revenue generated by
China dye market in 2017. Rest of the revenue is generated through exports to
countries such as Indonesia, South Korea, Taiwan, India and others.
Competitive Landscape in China Dyes
Market
The domestic dye industry is highly concentrated with major
production enterprises mainly concentrated in Zhejiang and Jiangsu provinces.
The market is moving towards oligopolistic competition pattern with Zhejiang
Longsheng group, Zhejiang Runtu group and Zhejiang Jihua Group dominating the
market. Major competition parameters include product portfolio, quality,
integrated manufacturing process, pricing, technology and end users served.
Other major players in the market include Jiangsu Yabang Dyestuff, Shanghai
Anoky Group and others.
China Dyes Market Future Outlook and
Projections
The growth will be facilitated by growing investment in
manufacturing process and product development in terms of color fastness,
reduce fiber damage, reduce energy consumption, increase productivity and
reduce environmental pollution.
The growth of dyestuff sector in the future will be highly
dependent upon the performance of end-user applications such as textiles,
printing inks, paper, plastics, foodstuff and others. China dyes market is
expected to register a positive growth rate growing at a CAGR of approximately
6% in the forecasted year 2017-2022E.
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Ankur Gupta, Head Marketing & Communications
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+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
