Global Direct Dyes Market to Reach $414.7 Million by 2030
The global market for Direct Dyes estimated at US$305.2 Million in the year 2023, is expected to reach US$414.7 Million by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030. Packaging & Board Application, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$161.1 Million by the end of the analysis period. Growth in the Writing & Printing Application segment is estimated at 3.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $80.8 Million, While China is Forecast to Grow at 6.9% CAGR
The Direct Dyes market in the U.S. is estimated at US$80.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$88.9 Million by the year 2030 trailing a CAGR of 6.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$55.8 Million by the year 2030.
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