New Delhi, July 11, 2018: 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.
Corporate Comm India(CCI Newswire)
