Solvent Red 179 Market size was valued at USD 150 Million in 2024 and is forecasted to grow at a CAGR of 6% from 2026 to 2033, reaching USD 250 Million by 2033.
The global market for Solvent Red 179 was valued at approximately USD 120 million in 2022, and it is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The demand for Solvent Red 179 is driven by its applications in the automotive, plastics, and coatings industries, with notable consumption in the Asia-Pacific region. In 2022, the Asia-Pacific region accounted for the largest share of the market, approximately 45%, due to the increasing industrial activities and demand for high-performance dyes in countries like China and India. North America and Europe followed, contributing 25% and 20% of the market share, respectively, driven by automotive and manufacturing sectors. The Middle East and Africa (MEA) and Latin America hold smaller market shares but are expected to see growth in the coming years, particularly in the coatings and textiles industries.
The market growth in the Asia-Pacific region can be attributed to rapid urbanization, the expanding automotive industry, and the increasing adoption of Solvent Red 179 in plastic and textile applications. The demand in North America is largely influenced by the use of Solvent Red 179 in automotive and industrial coatings, while Europe shows consistent demand driven by regulations for high-quality and durable colorants in manufacturing. The Latin American market, though smaller, is projected to grow at a moderate rate due to increasing consumption of plastic products and coatings. The MEA region is also experiencing an uptick in demand, particularly in the manufacturing of textiles and construction materials. The overall market for Solvent Red 179 is poised for steady growth as it gains traction across various industries globally.
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Shandong Fousi Chemical
Haihang Industry
Precise New Material Technology
Jiangsu Juming Chemical Technology
TNJ Chemical
Cangzhou Xincheng Weiye Chemical
Changzhou YINGSHUO Chemical
Afine Chemicals
Hangzhou Fucai Chem
ER Chem
Alan Chemical Industries
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Solvent Red 179 Market
Textile Industry
Plastic Manufacturing
Coatings and Paints
Cosmetics and Personal Care Products
Inks and Printing
Industrial Users
Consumer Goods
Automotive
Aerospace
Construction
Powdered Form
Liquid Form
Emulsions
Granulated Form
REACH Compliant Products
Non-REACH Compliant Products
Eco-Friendly Formulations
Direct Sales
Distributors and Wholesalers
Online Retailers
Specialty Chemical Suppliers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Solvent Red 179 Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Solvent Red 179 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Solvent Red 179 Market, By Type
6. Global Solvent Red 179 Market, By Application
7. Global Solvent Red 179 Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Solvent Red 179 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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