According to the latest report by IMARC Group, titled “Organic Dyes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global organic dyes market reached a value of US$ 3.67 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.12 Billion by 2027, exhibiting at a CAGR of 5.6% during 2022-2027.
Dyes refers to colored substances that are generally used to color papers, textiles and leathers. Organic dyes are usually obtained from plants and vegetable resources, such as roots, berries, wood, bark, and leaves. Apart from this, they can also be derived from invertebrates, including cochineal insect, cow urine, lac insect, murex snail and octopus or cuttlefish inks. They are widely utilized to impart uniform color while enhancing the overall aesthetic appearance of the material.
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The global market is primarily driven by the rising awareness regarding sustainable development among the masses and the easy availability of organic dyes via retail channels. Along with this, the widespread adoption of organic dyes in paints and coatings and construction industries for imparting desired color to the roof, tiles and walls is providing an impetus to the market growth. Some of the other factors contributing to the market growth include the advent of high-quality organic dyes and extensive research and development (R&D) activities conducted by key players to introduce improved product variants in the market.
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