Organic dyes market estimated to reach US$5.1 billion by 2027

The global organic dyes market size was valued at $3.3 billion in 2019, and is projected to reach $5.1 billion by 2027, growing at a CAGR of 5.8% from 2020 to 2027. Due to the presence of carbon atoms, organic dyes comprise stable chemical bonds, which resist sunlight and chemical exposure. Some of the most important dyes include Azo, Vat, Acid and Mordant dyes, which are used in textile, paints and coatings, and agricultural fertilizers. As synthetic dyes lead to adverse effects on infants, consumers are showing more interest in organic dyes. Moreover, a surge in demand for organic dyes in various water-based liquid inks is anticipated to further propel the market growth. Various natural dyes are widely used in digital textile printing where these are used for the preparation of water-based inks, thereby boosting their demand globally.Based on product type, the reactive dye segment emerged as the market leader in 2019. This is attributed to the increase in the application of reactive dyes in textile, paints, and coatings industries. Also, the reactive dye manufacturing process is highly cost-effective as compared to that of other manufacturing processes. Depending on the application, the textile segment garnered the highest revenue share in 2019, owing to an increase in demand from the textile printing industry. Moreover, strong demand from the paints and coatings industries for construction is a major factor contributing to the market growth.