The global indigo dyes market was valued at USD 1,124.9 Mn in 2020 and is projected to reach USD 1,639.0 Mn by 2028, expanding at a CAGR of 5.0% during the forecast period. The global indigo dyes market is projected to expand at a rapid pace, due to rising demand for indigo dyes from textile industries, rising disposable income, increasing popularity of blue denim jeans, and rising use of indigo dyes as a natural hair dye.
Increasing demand for indigo dyes from the textile industry is expected to boost the market in the coming years. Indigo is an important dyestuff used in the production of denim, one of the world's most popular fabrics. The oldest dye used in textile dyeing is indigo. For ages, many countries such as China, Japan, and India specialized in the use of this color. India is home to the world's oldest indigo dyeing center. These factors are expected increase the demand for indigo dyes from the textile industry during the forecast period.
In West Africa, indigo clothing symbolizes wealth and prosperity. The blue and stripped clothes were normal Cameroonian clothes. In Japan, the use of silk was banned during the Edo period, hence people started using cotton. At that time, it was difficult to dye cotton fibers in colors other than indigo. Presently, indigo is an important color in the production of the summer kimono. Indigo-dyed viscose fabric has high application as mosquito net, as it protects against all flying insects.
The global economy is growing rapidly, due to the rising standard of living and exposure to modern technologies. Rising disposable income changed the lifestyle of people. Changing lifestyle is positively affecting the market and the popularity for denim jeans is rising. Indigo dyes have a modern resonance in the production of denim, which is widely used in the fashion world. Over 1 billion pairs of jeans are dyed in indigo blue color each year.
According to a recent poll, the average American woman owns 18 denim items in her closet, the bulk of which are in blue colors ranging from the deepest ocean blue to the palest sky blue. According to a Gap denim color chart, majority of women like blue denims in varying tints. Medium blue was chosen by 39 percent, dark blue by 24 percent, and light blue by 16 percent. Increasing disposable income and rising popularity of blue denim jeans are projected to drive the market in the coming years.
Dyes play an important role in the medical industry, where they are used to treat diseases and cure disorders. Indigo, which has an intense dark blue color, is probably the oldest and most well-known dye. Indigo dyes are made from the Indigo naturalis plant. Indigo derivatives come in a variety of colors and shades, including yellow, green, brown, and violet. They are the main ingredients of an indigo naturalis formulation, along with indirubin (red) and its derivatives. It is often used as a heat remover in Chinese medicine to treat a variety of diseases.
Indigo naturalis, known as Qing Dai in Chinese, has a salty flavor and cooling effects. It has an effect on the liver's activities, resulting in the removal of harmful heat from the body and a drop in blood temperature. Furthermore, it relieves convulsions. It causes various diseases such as, hemoptysis accompanied with elevated temperature, nose bleeding, chest pain, mouth ulcers, mumps, throat and larynx inflammation, and children's convulsions. These factors are expected to boost the market in the coming years.
Textile manufacturing techniques require a lot of water and harmful chemicals. They contribute to environmental damage by discharging untreated dye effluents in the form of sludge into nearby aquatic environments. Natural indigo dye damages the environment. It takes a long time to degrade and pollutes river water, making it impossible for plants and animals to survive in the absence of sunlight.
Indigo dye has a negative impact on groundwater, rivers, and streams. Strict government rules regarding indigo dyes used in various industries such as textile are anticipated to hamper the demand for indigo dyes in the forecast period. Increasing attention to environmental protection and prevention of the spread of pollution led the government to take action and impose strict regulations on the use of indigo dyes, which is expected to hamper the growth of the market in the coming years.
Key manufacturers are using modern techniques for manufacturing indigo dyes, which is projected to boost the demand for the product during the forecast period. Research & development activities create opportunities for new developments in indigo dyes, which is projected to fuel the market in the coming years. Researchers from the University of Georgia in the US created an indigo dyeing procedure that is an environment-friendly alternative to current methods. The technology saves water and eliminates hazardous chemicals that pollute the environment during the dyeing process. It simplifies the procedure and ensures a larger amount of color than traditional approaches.
Based on types, the global indigo dyes market is segmented into natural indigo dyes and synthetic indigo dyes. The synthetic indigo dyes segment is expected to expand at a significant CAGR, due to its various properties such as cost-efficiency and easy preparation.
Based on applications, the global indigo dyes market is segmented into textile application and non-textile application. The non-textile applications are further bifurcated into printing inks, paper, and others. Increasing applications of indigo dyes in printing and pharmacological sector all around the globe are expected to drive the non-textile segment during the forecast period.
Based on regions, the global indigo dyes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Increasing manufacture of denim jeans is expected to boost the demand for indigo dyes in the coming years.
Key players in the indigo dyes market are AMA Herbal Laboratories Pvt. Ltd., Anping County Wuxin Chemical Dyes Co.,Ltd., Chongqing Huacai Chemical Industrial Co., Ltd , DyStar Singapore Pte Ltd, Jacquard Products, Kirpal Export Overseas, KMA Exports, Liyang Brother Chemical Co., Ltd. , Sam Vegetable Colours, Taiwan Dyestuffs & Pigments Corp., Yucheng Jinhe Industrial Co.,Ltd, Matrix Pharma Chem, and Sodhani Biotech Private Limited.
The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition, and many other strategies to cater the increasing demand for indigo dyes. For instance, AMA Herbal Laboratories Pvt. Ltd. launched Acnoklin face wash for acne prevention. Acnoklin comes in two variants, namely, gel-based and foam-based. Gel-based Acnoklin is formulated for mild acne problems and Acnoklin-Ds, which is a foam-based formulation, is for severe acne complications.
Key players in the indigo dyes market are AMA Herbal Laboratories Pvt. Ltd., Anping County Wuxin Chemical Dyes Co.,Ltd., Chongqing Huacai Chemical Industrial Co., Ltd , DyStar Singapore Pte Ltd, Jacquard Products, Kirpal Export Overseas, KMA Exports, Liyang Brother Chemical Co., Ltd. , Sam Vegetable Colours, Taiwan Dyestuffs & Pigments Corp., Yucheng Jinhe Industrial Co.,Ltd, Matrix Pharma Chem, and Sodhani Biotech Private Limited.
The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition, and many other strategies to cater the increasing demand for indigo dyes. For instance, AMA Herbal Laboratories Pvt. Ltd. launched Acnoklin face wash for acne prevention. Acnoklin comes in two variants, namely, gel-based and foam-based. Gel-based Acnoklin is formulated for mild acne problems and Acnoklin-Ds, which is a foam-based formulation, is for severe acne complications.
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The textile segment is expected to expand at a significant rate in the forecast period. The textile industry is benefiting from rising industrialization in developed and developing countries, as well as evolving technology, by having modern installations capable of high-efficiency fabric manufacturing. These factors are expected to help the textile industry to generate large revenue in the coming years.
According to this Growth Market Reports, the market from indigo dyes market is likely to register a CAGR of 5.0% during period 2021-2028, with an anticipated valuation of USD 1,639.0 million by the end of the 2028.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2020), other data such macro-economic factors, COVID-19 Impact on the indigo dyes market is available in final report.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Increasing use of indigo dye as a natural hair dye is anticipated to drive the global indigo dyes market during the forecast period. Indigo has a variety of natural elements that help to strengthen and cover grey hair. As a result, it is one of the best alternatives for all types of cosmetics. When combined with henna powder, it gives hair a dark brown or lustrous black color. Indigo dye is easy to use and is highly helpful for hair care. It treats and prevents premature greying, hair loss, and baldness. Additionally, it gives hair a glossy and luster look. It detangles and softens hair. It heals dandruff and moisturizes damaged hair. These factors are expected to boost the global indigo dye market in the coming years.
The synthetic indigo dye segment is expected to expand at a significant rate in the forecast period, due to increasing demand from textile industries and rising popularity of denim textile and jeans across the globe.
The market is expected to witness decreased in terms of demand during 2019-2020 owing to the negative impact of COVID-19 pandemic on the indigo dyes market.
The base year considered for the Indigo Dyes market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years, and the forecast is provided from 2021 to 2028.
Major manufactures include AMA Herbal Laboratories Pvt. Ltd., Anping County Wuxin Chemical Dyes Co.,Ltd., Chongqing Huacai Chemical Industrial Co., Ltd , DyStar Singapore Pte Ltd, Jacquard Products, Kirpal Export Overseas, KMA Exports, Liyang Brother Chemical Co., Ltd. , Sam Vegetable Colours, Taiwan Dyestuffs & Pigments Corp., Yucheng Jinhe Industrial Co.,Ltd, Matrix Pharma Chem, and Sodhani Biotech Private Limited.
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