Global VAT Dyes Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
30 May, 2023
The global VAT dyes market size is expected to grow from $10.67 billion in 2022 to $11.41 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global VAT dyes market size is expected to reach $14.25 billion in 2027 at a CAGR of 5.7%.
Global VAT Dyes Market Key Driver
The rising demand for textiles is projected to drive the growth of the vat dyes industry in the coming years. Textiles are materials made up of thin threads or filaments that might be natural, synthetic, or a mix of the two. Because vat dyes have good chlorine fastness and are used for printing on cotton, cellulosic fibres, and textile materials, increasing demand for textiles raises demand for the vat dyes industry.
Get a sample of the global VAT dyes market reportGlobal VAT Dyes Market Segments
The global VAT dyes market is segmented:
1) By Product Type: Carbazol Derivatives, Indigo Derivatives, Anthraquinone Derivatives, Thio-indigo Dyes, Others Product Types
2) By Methods: Dip Dyeing, Pad Dyeing
3) By Application: Wool, Cotton, Fiber, Viscose Rayon, Leather, Others Applications
4) By Geography: The regions covered in the VAT dyes market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global VAT dyes market.
Major VAT Dyes Industry Players
Clariant International Ltd., CPS Color Group, Flint Group Pvt. Ltd., Jagson Colorchem Ltd., Kiri Dyes and Chemicals Ltd., Lanxess AG, Royce Global, DuPont de Nemours Inc., Eckart GmbH, Arkema S.A., Sinocolor Chemical, Sudarshan Chemical Industries Limited, Atul Ltd., Huntsman Corporation, Sumitomo Chemical Co. Ltd.
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VAT Dyes Market Overview
Vat dyes usually referred to as "Oil colors," are natural coloring substances that can be applied to cloth by immersion, spraying, or pad printing. They are primarily used for printing on leather, wood, and other materials.
VAT Dyes Global Market Report 2023 provides data on the global VAT dyes market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The VAT dyes market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.