Global Textile Dye Market: Key Highlights
Global Textile Dye Market: Key Market Dynamics
Global Textile Dye Market: Regional Overview
The Asia Pacific textile dyes market is projected to witness growth owing to presence of major textile manufacturing countries such as China, Vietnam, Bangladesh, and India among many others, which contributes immensely in the overall regional textile exports. Presence of populated countries such as China, India coupled with higher availability of labors at relatively lower wages is another factor fueling the textile manufacturing in Asia Pacific. Additionally, increase in per capita income, rise in middle class population, growing preference towards affordable clothing, changing fashion trends are some of the other factors pushing the demand for the textiles in the region, which further drives the textile dye market.
Textile and clothing sector in North America is growing on the grounds of rise in textile exports. US is the key country for the textile business in the North America. In 2018, man-made fiber and filament, textile, and apparel worth around USD 76.8 billion were shipped from US, reflecting a hike of 3.8 billion when compared to 2017. US is the key manufacturer in the region for the textile raw materials used in apparels, home furnishing and other textile finished goods to settle the higher shipment requirements. This is further pushing the demand for textile dye in North America.
Global Textile Dye Market: Key Players Overview
Huntsman International LLC manufactures and markets specialty and differentiated chemicals across the globe. The company operates through its four business segments: polyurethane, performance products, advanced materials, and textile effects. Under the textile effects segment, the company offers different textile dyes used over polyester, polyamide, wool, silk, acrylic, and other cationic dyeable fibers. In January 2020, Singapore Huntsman Textile Effects, a part of the Huntsman International LLC announced partnership with the Xenon arc for development Navicolor, dedicated marketing and sales channel for the US textile and apparel industry.
Archroma is the Switzerland based specialty chemical and dye provider for the clothing and sector, paper and packaging market, paints & construction and home and personal care sector. The company offers varied dyes such as including acid dyes, reactive dyes, disperse dyes, Sulphur dyes and VAT indigo dyes. In 2018, Archroma acquired the M. Dohmen S.A., a company offering textile dyes and automotive chemicals for an undisclosed amount. In 2014, the company acquired 49% of its shares, followed by 26% shares in 2017 and in 2018, acquired the remaining 25% shares to expand the product offerings.
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