Global Solvent Red 179 Market was valued at USD 0.02 Billion in 2022 and is projected to reach USD 0.04 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
The Solvent Red 179 market is experiencing notable growth, driven by its widespread applications across various industries. This vibrant red dye is predominantly utilized in plastics, textiles, and coatings, offering excellent color strength and durability.
In the plastics industry, Solvent Red 179 is favored for its superior solubility in organic solvents, making it ideal for coloring materials such as polystyrene (PS), high-impact polystyrene (HIPS), acrylonitrile-butadiene-styrene (ABS), polycarbonate (PC), rigid polyvinyl chloride (RPVC), polymethyl methacrylate (PMMA), styrene-acrylonitrile (SAN), acrylonitrile-styrene (AS), polyamide 6 (PA6), polyamide 66 (PA66), and polyethylene terephthalate (PET). Its ability to maintain color stability under various conditions enhances the aesthetic appeal and functionality of plastic products. citeturn0search1
The textile sector also benefits from Solvent Red 179's properties, as it imparts vibrant hues to synthetic fibers like polyester and nylon. The dye's compatibility with digital printing technologies further boosts its demand in the textile industry. citeturn0search0
In the coatings industry, Solvent Red 179 is utilized in solvent-based coatings, which are widely used in industrial applications. As regulations around volatile organic compounds (VOCs) tighten, there is an increasing shift towards solvent dyes that comply with these standards while delivering high-quality finishes. citeturn0search5
The market is projected to grow at a compound annual growth rate (CAGR) of approximately 2.58% from 2025 to 2032, with the market size expected to reach USD 1.56 billion by 2032. citeturn0search0
Key players in the Solvent Red 179 market include Lanxess, Nippon Kayaku, Huntsman Corporation, Wacker Chemie AG, BASF, Kowa American Corporation, Merck KGaA, DIC Corporation, Archroma Holdings, Sudarshan Chemical Industries, Sinochem, Solvay, Evonik Industries, and Clariant. These companies are investing in research and development to enhance product performance and meet the growing demand for eco-friendly and high-performance pigments. citeturn0search0
In summary, the Solvent Red 179 market is expanding due to its versatile applications and the increasing demand for high-quality, durable, and eco-friendly dyes across various industries. The ongoing advancements in manufacturing technologies and the growing preference for sustainable products are expected to further drive market growth in the coming years.
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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
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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
Plastics
Fibers
Others
Based on Types the Market is categorized into Below types that held the largest Solvent Red 179 market share In 2023.
Purity≥98%
Purity≥99%
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, 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
Global
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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