The global demand for the Petroleum Dyes market is expected to grow at a CAGR of xx%, xx% xx%, and xx% respectively in Europe, North America, APAC, and the Middle East. The Petroleum Dyes market was valued at US$ xx Mn in 2019 is expected to reach US$ xx Mn by the end of 2027 at a CAGR of 4.9% from 2019 to 2027. Dyes are colored substances that impart more or less permanent color to other materials. They are generally soluble substances, although some are soluble only during the application. Petroleum products are commonly colored with dyes, which can be synthetic or natural. Dyes are used to coloring gasoline and lubricating oils in order to improve the appearance, as well as for identification of grade, type of use. Individual manufacturers can also use these dyes as a trademark to differentiate their petroleum products from those of other manufacturers. They can also be used in preparing test kits for the detection of adulterated petroleum products.
Petroleum dyes help in the identification of fuel adulteration. It also helps to create differentiation in various petroleum products such as led and unleaded, high and low octane gasoline, high and low sulfur diesel, and aviation fuel attributes. Other reasons for dyeing fuel, such as for aviation, supports the fuelling process itself, to ensure that the right type of fuel is used in the correct aircraft. The production and use of natural dyes from plant and animal sources have increased rapidly in recent times despite the large-scale use of synthetic dyestuffs. With the extensive testing of all synthetic products for carcinogenicity and mutagenicity, the food and drug industries have turned to natural products as the source of their coloring matter. In addition, the coloring of textiles, wood, leather, and other related items with dyes from plants is receiving increasing attention.
The number of companies is presently producing natural dyes in commercial quantity. These include such companies as Milan de la Rabbia, which produces weld, chlorophyll, logwood, and cochineal dyes; Allegro Natural dyes in the USA, which produces a group of natural dyes known as Color; and Livos Pflanzenchemic Forschungs and Entwickungs Gmblt, in Germany, which developed and marketed kits of colors based on local plant dyes. The recent increase in the use of natural dyes has been attributed to a number of factors which include health friendliness in the environment, and harmonizing natural shade. The market growth is attributed to increasing consumption of oil & gas products, increasing government taxes on petroleum, growth in the import and export industry, high demand from the marine industry, and a rise in the sales of the vehicles. Advancement in the manufacturing of the petroleum dyes market has created many lucrative opportunities for market growth.
The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analysis and report has come up with recommendations for a future hot spot in the European region. Major country’s policies about manufacturing and its impact on Petroleum Dyes demand are covered in the report.
The azo dyes segment is expected grow at a CAGR of xx% during the forecast period.
By product, in 2019, the global azo dyes segment was xx% and it is estimated to reach xx% by 2027. Azo dyes are also known as red dyes, it is the more traceable quantity of dyeing and more efficient thus it is primarily used for petroleum dyes. The fluorescent dyes are the second-largest segment which is expected to grow at a CAGR of xx% during the forecast period. The demand for fluorescent dyes is high in the pharmaceutical industry, it is commonly used in surgical oncology. In cancer surgery, it helps to remove the cancer cell with the help of fluorescence imaging techniques.
Europe holds the largest market share of xx% by 2027
Europe is expected to grow in 2020 to become the largest market for petroleum dyes and expected to grow at a CAGR of XX% from $ XX Million in 2019 to $XX Million by 2027. The market growth is boosted by rising cases of fuel adulterations also, government policies for eco-friendly products. The key players that are involved in petroleum dyes are spending more in research and development laboratories to improve the efficiency of the natural and synthetic dyes. Increasing tax on different oils have created many lucrative opportunities for the key players in this region.
Asia pacific is expected to grow at a CAGR of xx% during the forecast period and is expected to reach xx% market share by 2027
In the Asia Pacific, the demand for the petroleum dye market is high as there is growth in the aviation and marine industry as a result booted the consumption of fuel. Governments and manufacturers are focusing on finding the alternative of the chemicals that increase the production and reduce the emission of fuel, this has created many lucrative opportunities for the key players.
The objective of the report is to present a comprehensive analysis of the global Petroleum Dyes market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global Petroleum Dyes market dynamics, structure by analyzing the market segments and project global Petroleum Dyes market clear representation of competitive analysis of key players by price, financial position, by detection and equipment portfolio, growth strategies, and regional presence in the global Petroleum Dyes market make the report investor’s guide.
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Scope of the Petroleum Dyes Market
Global Petroleum Dyes Market, by Application
• Jet fuel
• Fuel oil
Global Petroleum Dyes Market, by Foam
• Solvent blend
Global Petroleum Dyes Market, by Product
• Fluorescent dyes
• Ethyl dyes
• Azo dyes
Global Petroleum Dyes Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
Global Key players operating in Petroleum Dyes Market
• Sunbelt Corporation
• John Hogg Technical Solutions
• The Dow Chemical Company
• United Color Manufacturing, Inc.
• Authentix, Inc
• A.S. Harrison & Co Pty Ltd.
• Fuel Theft Solutions Ltd
• BASF SE
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