Direct Red 31 Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 5% from 2026 to 2033, reaching USD 1.8 Billion by 2033.
The global Direct Red 31 market was valued at approximately USD 150 million in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. The growth of the market is primarily driven by its increasing demand in industries such as textiles, leather, and cosmetics. The Asia Pacific region holds the largest share of the market, accounting for nearly 45% of the total market size in 2022, primarily due to the well established textile and apparel industry in countries like China and India. North America and Europe collectively contribute to around 35% of the market share, with a steady demand for high quality textile dyes in both the fashion and home décor sectors. Latin America and the Middle East & Africa are expected to experience moderate growth, with the market share of these regions expected to reach 10% and 5%, respectively, by 2030.
Regionally, the demand for Direct Red 31 is expected to be driven by the growing consumption of synthetic dyes in emerging markets. The textile industry in the Asia Pacific region, particularly in China and India, continues to be a significant factor in the growth of the market, with increasing production volumes and the expansion of manufacturing facilities. Europe’s market is expanding as well, driven by rising awareness around sustainable dyeing practices. North America is expected to grow at a steady pace, supported by demand from fashion and home textiles markets. The Middle East & Africa and Latin America are projected to see moderate growth owing to growing industrial applications in sectors like packaging and automotive industries, although these regions will maintain a smaller share of the market in the long run.
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ADITYA COLOR CHEM
Alfa Chemistry
Alliance Organics LLP
Anand
Anil Dyes & Chemicals Industries
Arbuda Plastochem Private Limited
Cangzhou Xincheng Weiye Chemical
Dye-Chem International
Emperor
Hangzhou Keying Chem
Hebei Caiyi Import & Export Trade
Italia Incorporation
Khushi Dye Chem
Mayur Dye Chem
Nitin Dye Chem Pvt
Qingdao Sanhuan Colorchem
RED SUN GROUP
SAARTHI DYE CHEM
Shidimo Interaux Pvt
Shijiazhuang He Dye Chem
Sinoever International
TNJ Chemical
HANGZHOU FUCAI CHEM
Qingdao Langke
Tianjin Yadong Longxin International
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 Direct Red 31 Market
Facial Makeup
Eye Makeup
Lip Products
Body Paints and Temporary Tattoos
Confectionery Products
Beverages (Juices and Soft Drinks)
Bakery Items
Frozen Desserts
Fashion Fabrics
Home Textiles (Curtains, Upholstery)
Sportswear
Industrial Textiles
Watercolor Paints
Oil Paints
Acrylic Paints
Markers and Inks
Tablet and Capsule Coatings
Topical Creams and Ointments
Liquid Formulations
Dental Products
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 Direct Red 31 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 Direct Red 31 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Direct Red 31 Market, By Type
6. Global Direct Red 31 Market, By Application
7. Global Direct Red 31 Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Direct Red 31 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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