At present, the start-up status of domestic dye enterprises is stable, and the downstream demand is strong. With the gradual recovery of the foreign trade market, the order situation of the downstream printing and dyeing industry has shown an improving trend, which has led to the enthusiasm of dye procurement.
Dyes are a rigid demand in the textile and garment industry. Continental dye production accounts for more than 70% of the world's share, and is the world's largest production demand and export country.
QYResearch expects the dye market to grow at a CAGR of 5.8% from 2023 to 2029, which is expected to maintain good development prospects and growth potential.
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Overview of the dye industry
Dyes give fibers, fabrics, or other materials a vibrant, long-lasting color. Dyes are widely used in traditional fields such as clothing, paints, paper, and leather.
The textile and garment industry is the main position of dye application, accounting for more than ninety percent of the demand for dyes. Among them, the clothing industry is the main force of dye demand. It can be said that
According to the different properties and application methods of dyes, they can be subdivided into multiple categories such as disperse dyes, reactive dyes, sulfur dyes, vat dyes, acid dyes, and direct dyes.
Among them, disperse dyes and reactive dyes are the main varieties in the market. Disperse dyes are currently the only dyes that can be dyed and printed on polyester. At present, the global polyester production accounts for more than 60% of the total amount of synthetic fibers, and the application of disperse dyes ranks first in the world.
Reactive dyes are also in considerable demand in the cellulose fiber dyeing market due to their ability to react with the fiber matrix during the dyeing process.
Diagram of dye classification:
Source: Public collation
Dye industry chain combing
The upstream of the dye industry chain is composed of petrochemical industry, coal chemical industry and basic chemical industry, the midstream focuses on the preparation of dye intermediates and the preparation process of dyes, and the downstream of the industrial chain is the application of major fields.
The upstream of the dye industry chain relies on the petrochemical, basic and coal chemical industries. The upstream industry mainly provides key raw materials including benzene, naphthalene, anthracycline compounds and inorganic acids and alkalis for the production of dyes; the impact of crude oil prices on the dye industry can not be ignored, mainly reflected in the intermediate raw material end, the intermediates of disperse dyes and reactive dyes are reductant + m-phenylenediamine and H acid + para-ester respectively, so the dye industry also needs to pay close attention to the changes in crude oil prices to cope with possible costs and market risks.
Dye industry chain structure chart:
Since its start in the 70s, the Chinese dye intermediates industry has gradually entered a mature period and has successfully become the world's largest producer.
The gradual shift of the global dye production focus to Asia has provided a strong impetus for the vigorous development of the dye intermediates industry in the mainland.
In recent years, the production volume of dyes in mainland China has ranked first in the world for many years, and the continuous growth of export demand and fierce market competition have also promoted the breakthrough of intermediate manufacturers in production technology and quality.
The competitive landscape of the dye market
From the perspective of the global competition pattern of dyes, the three major dye giants in Europe and the United States - Dystar, Huntsman, and Archroma, have a total share of nearly half of the global dye market.
The domestic dye production pattern is relatively stable. Since 2012, due to problems such as high pollution and high energy consumption, small and medium-sized production capacity has gradually withdrawn from the market, and the concentration of the printing and dyeing industry has been improved. The market share of a number of leading printing and dyeing enterprises represented by Hangmin has increased steadily, further consolidating its position in the industry. The dye supply of leading enterprises mainly comes from big brands, and the supply relationship is stable.
The improvement of the concentration of printing and dyeing links will also help leading dye companies to further expand their market share.
According to the data of the China Dye Industry Association, Zhejiang Province has gathered many leading enterprises in the dye industry, while Jiangsu, Shandong and Hubei have concentrated many intermediates and small dye enterprises, forming industrial clusters with their own characteristics.
At present, the main production companies in the dye industry in mainland China are Zhejiang Longsheng, Runtu Co., Ltd., Annuoqi and so on. Among them, the sum of the production capacity and output of Zhejiang Longsheng, Runtu Co., Ltd., Jihua Group, Yabang Co., Ltd. and Anoki Co., Ltd. accounted for about 50% of the country.
The product lines of Zhejiang Longsheng, Runtu Co., Ltd. and Jihua Group are mainly disperse dyes, supplemented by reactive dyes, and cover a small number of other varieties.
Yabang shares in the anthraquinone dye market segment has performed well, with a market share of nearly 40%. Anthraquinone dyes have many characteristics such as long production cycle, high price, bright color, etc., and are favored by the medium and high-end fabric dyeing and printing market.
Ano has obvious advantages in the fields of ultra-fine suede fabrics, disperse dyes supporting polyester and ammonia fabrics, and low-temperature dyeing and color-fixing reactive dyes. #染料##纺织##服装##大消费##财经##化工##石油化工#
Major regions and some manufacturers of disperse dyes in China:
Source: Zhuochuang Information
In addition, the upstream and downstream layout manufacturers of the industrial chain also include Wanfeng shares, Yayun shares, Jihua Group, Shuangle shares, Dinglong shares, Shuangle shares, Jinji shares, Qicai Chemical, etc.
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