Metal Complex Dyes Market: Introduction
The research report by Fact.MR, (Leading business and competitive intelligence provider), analyzing how Metal Complex Dyes Market sales will grow During 2019 to 2029
Metal complex dyes are synthesized by combining poly or bi-valent transition metal ions with acid dyes. Metal complex dyes have applications across the textile and ink industry to achieve better wash fastness. These dyes are mainly segmented into two types- 1:1 metal complex dyes and 1:2 metal complex dyes.
1:2 metal complex dyes are increasingly being adopted for leather finishing and wood stain removal. The metal complex dyes market is witnessing an increase in application areas such as dye-sensitized solar cells and applications in the medical industry. The global metal complex dyes market is expected to witness a lower single-digit CAGR over the assessment period (2019-2029).
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Segmentation analysis of Metal Complex Dyes Market
The global metal complex dyes market is bifurcated into three major segments that are type, application, and region.
On the basis of type, the global metal complex dyes market is divided into:
- 1:1 Metal Complex Dyes
- 1:2 Metal Complex Dyes
On the basis of application, the global metal complex dyes market is divided into:
- Leather Finishing
- Metals & Plastic Coloring
- Printing Ink
- Fabric Coloring
- Wood Stains
Based on region, the global Metal Complex Dyes market is divided into:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
Key players of Metal Complex Dyes Market
The metal complex dyes market is fragmented with numerous global and regional players. Prominent players in the global metal complex dyes market are Huntsman Corporation, Bodo Möller Chemie GmbH, Alliance Organics LLP, Megha International, and Kolorjet Chemicals Pvt. Ltd.
Metal Complex Dyes Market: Regional Outlook
On the basis of region, the report on global metal complex dyes market offers exhaustive analysis on six major regions that include North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East and Africa. Among the aforementioned regions, East Asia and South Asia & Oceania are estimated to account for 50% of the market share in 2019 in terms of volume.
The rising adoption of metal complex dyes across the textile and printing industry provides traction to the Asia metal complex dyes market. Additionally, clusters of SMEs offering metal complex dyes to a wide range of industries also fuel growth in the regional market.
North America is anticipated to emerge as the second most lucrative region under the metal complex dyes market and is expected to account for around 20% of the market share in 2019. Additionally, Europe is expected to contribute a substantial market share for metal complex dyes consumption in 2019. Latin America is anticipated to provide a high incremental $ opportunity, attributable to growing paper and textile industries in the region.
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