Textile Dye Market To Reach USD 13.6 Billion In 2027 | CAGR 6% - Forencis Research

Global Textile Dye Market: Key Highlights

• According to the new market research report “Textile Dye Market by Source (Natural, Synthetic) by Type (Azo dyes, Disperse Dyes, Fast Color Bases, Direct Dyes, Reactive Dyes, Sulfur Dyes, Vat dyes, Others) by Application (Fiber, Yarn, Fabric, Garment) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast From 2020To 2027”, the global textile dye market is estimated to reach USD 13.6 Billion in 2027 at a CAGR of 6% during forecast period 2020-2027
• Growing global textile industry along with higher focus towards development of new dyeing techniques is expected to drive the textile dye market during the forecast period.

• However, stringent environmental regulation is expected to restrain the market during the forecast period.

Global Textile Dye Market: Key Market Dynamics

• The growing textile industry owing to rise in per capita income, increased spending on personal grooming coupled with growing awareness regarding advantages of online shopping is expected to boost the textile dye market growth
• Increasing focus towards more efficient dyeing techniques consuming less water and energy is further anticipated to drive the market demand
• Strict regulations imposed by the regulatory authorities to prevent air, land, and water pollution worldwide is estimated to hinder the market growth
• Emergence of the green textile dyes to minimize the use of hazardous and toxic textile dyes is creating new growth avenues for the textile dye market growth
• Disrupted raw material supply along with labor intensive process is acting as roadblock for the market growth

Global Textile Dye Market: Regional Overview

• Asia-Pacific

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.

• North America

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:

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:

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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