Paints & Coatings Industry Segment to Dominate Vat Dyes Market During Forecast Period
Growing popularity of natural paint fibers such as jute, cotton, hemp, flax, among others is expected to drive the growth of global vat dyes market
According to TechSci Research report, “Global Vat Dyes Market By Type, By Application, By End User Industry, By Region, Forecast & Opportunities, 2025”, the global vat dyes market is expected to grow at a steady rate during the forecast period on account of the growing preference among the consumers for eco-friendly products. However, energy intensive production process and growing environmental concerns can hamper the growth of market during forecast period. Additionally, raw material price volatility, global overcapacity, falling profit margins and high production costs further restrict the market growth during forecast period.
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The global vat dyes market is segmented based on type, application, end user industry, company and region. Based on end user industry, the market can be categorized into textile, leather, paper, paints & coatings, plastics and others. The paints & coatings segment is expected to dominate over the coming years. This can be ascribed to the booming construction industry and increase in infrastructural developments across the globe.
DuPont de Nemours, Inc., BASF SE, LANXESS AG, Huntsman Corporation, Clariant International, Rockwood Holdings, Royce Associates, Sinocolor Chemicals, Atul Ltd., Kiri Industries Ltd. and others are some of the leading players operating in global vat dyes market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share in the market.
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“Asia-Pacific is expected to be the fastest growing market for vat dyes during the forecast period, owing to the increasing demand from the various end-user industries, like the paints and coatings, printing inks, textiles and plastics industry. Additionally, the growth of textile industry in China and India is developing with a rapid pace due to the availability of cheap labor.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Vat Dyes Market By Type, By Application, By End User Industry, By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global vat dyes market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global vat dyes market.
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