The global dyestuff for cotton market size was valued at US$ 2.21 billion (revenue) and 830.7 kilo tons (volume) in 2016 and is expected to expand at a CAGR of 5.7% in terms of revenue and 4.6% in terms of volume during the period 2017 – 2025.
Market Dynamics
Increasing use of dyestuff in the healthcare industry is propelling growth of the market for dyestuff for cotton, due to its various application in medical test and drugs. For instance, fluorescein angiography dyes are used to carry out angiogram test to highlight the arteries. This test is conducted to check the abnormalities in the circulation system and to detect any kind of leakage or abnormal blood vessels, which cannot be seen on X-Ray test. Also, various dyes used in capsules and syrup includes, titanium dioxide, dispersing materials, FD & C dyes and D & C dye which are approved by the U.S. Food and Drug Administration (FDA) in 2015. Among end-use segments, the healthcare industry segment accounted for the largest share in 2016 and the trend is expected to continue during the forecast period.
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