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(MoneyNewsWire.Net, June 19, 2018 ) Woodridge, USA Jun 2018(News) - Global Paper Dye Market Information- by Type (Direct, Sulfur, Acid and Basic), by Form(Powder and Liquid), By Application ( Coating, Printing & Writing, Packaging & Boards and others) and by Region (North America, Europe, Asia Pacific, Middle East, Latin America) - Forecast to 2023
Market Synopsis of Global Paper Dye Market:
A paper dye is a colored, ionising and aromatic organic substance that has an affinity to the paper as a substrate to which it is being applied. The dye is generally applied in an aqueous solution. The presence of substance chromo phore in paper dye makes the dye colored. Paper dye is produced from the key raw materials called as dye intermediate and basic chemicals. They are used in various application such as coating, printing & writing, Packaging & Boards and other in paper industry. Paper dye possesses properties such as right shade, good affinity, light fastness, bleed fastness, stability to temperature and humidity, low metamerism, safety in handling and many more.
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Key Players
The key players of Paper Dye market includes
BASF SE,
Kemira,
Chromatech Incorporated,
Archroma, Atul Ltd,
DyStar Group.
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Regional Analysis
Regionally, the global Paper Dye Market is segmented into Asia Pacific, Europe, North America, Middle East, and Latin America. Asia Pacific is the most promising region in global market that accounted largest market share of 42% and expected to grow at highest CAGR during forecast period from 2017 to 2023. China is the key market driving Asia Pacific paper dye market. The paper dye market in China is expected to reach USD 157.1 million by 2023, growing at healthy CAGR of 3.04% during forecast period.
Europe accounted second largest market share regionally, and expected to grow at CAGR of 2.95%. Coatings applications across the Europe have stimulated demand for paper dyes. Additionally, increasing use of high speed machines in paper industries has given high output which is anticipated to augment the product demand. Germany is the leading market in this region growing at highest CAGR and accounted for 28% of regional shares as of 2016. North America is another attractive region which is anticipated to grow at steady relatively slower CAGR of 2.94%, majorly driven by contribution of U.S. in regional growth. Packaging and boards applications in this region has shown developing demand for paper dyes by being key revenue generating segment.
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Key Findings
The global Paper Dye market is projected to grow at CAGR of 3.02% and expected to reach USD 1,008.2 million during the forecast period of 2016-2023. Regionally, Asia Pacific accounted largest value market share due to the significant production and growing coatings industry in the region. Paper Dye is expected to gain the market share in developing countries owing to increasing use of high speed machineries in the paper industries to enhance the output.
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