As per the recently published report by MarketsandMarkets™, the “Textile Dyes Market by Dye Type (Direct, Reactive, VAT, Basic, Acid, Disperse), Type (Cellulose, Protein, Synthetic), Fiber Type (Wool, Nylon, Cotton, Viscose, Polyester, Acrylic), and Region – Global Forecast to 2027“, The global textile dyes market size is projected to reach USD 14.0 billion by 2027 at a CAGR of 4.6% between 2022 and 2027. Factors such as rising demand from the textile & apparel segment and the increasing trend toward better home furnishing and aesthetics are the major drivers of the textile dyes market. However, stringent government regulations and unstable geopolitical situations are affecting the textile industry, which may restrain the growth of the market.
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- 226 Market data Tables
- 55 Figures
- 222 Pages and in-depth TOC on “Textile Dyes Market – Global Forecast to 2027″
This report also provides a comprehensive analysis of the companies listed below:
The key players in the textile dyes market are Huntsman Corporation (US), Atul Ltd. (India), Kiri Industries (India), Lanxess AG (Germany), Zhejiang Longsheng Group Co. Ltd. (China), Zhejiang Jihua Group (China), Zhejiang Runtu Co. Ltd. (China). They have adopted various developmental strategies such as acquisitions, new product launches, and expansions to increase share in the market.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Activated Carbon Fiber Market.
Recent Developments In Textile DyesMarket
- In October 2020, Huntsman Textile Effects and Phong Phu International (PPJ) entered in a strategic partnership agreement that aims to promote PPJ’s growth in Vietnam as a leading manufacturer of sustainable, high-performance textiles and garments for many of the world’s leading brands and retailers.
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Disperse dyes type segment to hold largest share of the textile dyes market during the forecasted period.
The disperse dye type accounted for the major share of the overall textile dyes market in 2021. Disperse dyes are applied to the fibers; they form a stable solution on adsorption. This dye type is used in synthetic hydrophobic fibers. It is also used for polyester and acetate fibers. Disperse dye is a non-soluble and molecularly dispersed material for which a dispersing agent is required for the coloration of textile. It is a kind of organic substance that is free of the ionizing group. Dyeing of hydrophobic thermoplastic fibers such as nylon, polyester, acrylic, and other synthetics was made possible with the introduction of disperse dyes. Disperse dyes are applied to the fibers and form a stable solution on adsorption.
Cellulose type segment likely to hold largest share of the global textile adhesives market during forecast period.
Cellulose is a fibrous substance derived from plants that serve as the foundation for all natural and synthetic cellulosic fibers. Cotton, flax, hemp, jute, and ramie are examples of natural cellulosic fibers. Cellulose fibers can also be manmade. A variety of dyes can be used on cellulose fibers; hence, cellulose fibers have a high demand for dyes. The demand for dyes for cellulose fiber is increasing in Asia Pacific because of the rapidly growing textile industry. Cotton, jute, and other natural cellulose fibers are extensively used in the Indian textile industry. Apart from India, Bangladesh, China, and other Asian countries are the production sites for major fast fashion companies.
Asia Pacific region likely to account the largest share of the global textile dyes market during forecasted period.
Asia Pacific is projected to be the fastest-growing and largest market in terms of value. Factors such as low cost of manufacturing and high demand for textile dyes are driving the Asia Pacific textile dyes market. There has been high economic growth in the region over the last decade. The textile industry in countries such as China, India, and Bangladesh is leading global textile production. The growth in fast fashion has led to higher production rates of garments. The technical textiles business is also booming. Cars, mattress covers, backpacks, tents, and parachutes all use technical textiles. People are more interested in purchasing unique and inventive products, which is fueling the textile industry growth. The technical textile industry is expected to expand by 20% over the next decade.
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