Textile Dyes Market Global Leading Players 2019, Industry Updates, Future Growth, Business Prospects, Forthcoming Developments and Future Investments by Forecast to 2023

“Textile Dyes Market to Reach approx. 8 Bn.USD by 2023 at a CAGR of approx. 8% between 2016 and 2023; Asserts MRFR”
Global Textile Dyes Market Information-by Types (Direct Dyes, Acid Dyes, Basic Dyes, Fiber-Reactive Dyes, Vat Dyes, Mordant Dyes, Solvent Dyes, Disperse Dyes¸ and Others), by Application (Yarn Dyeing, Garment Dyeing), by Fibers (Cotton, Wool, Silk, Nylon, Viscose, and Others) and by Region – Forecast till 2023

Textile Dyeing goes back to ancient times. Dyes have evolved greatly with the technological intervention such as from natural (botanic) dyes to the synthetic dyes created with the futuristic technologies. Nowadays, most of the dyes are manufactured from petroleum-based substances and coal tars.  These new age dyes, are made with the advanced technology and are tried, tested and tweaked to meet the demands of different types of fabrics. Best thing is these dyes are created keeping the environmental concerns in view. Most of these dyes do not pose a threat to the environment.

Since the textile industry itself is about the advancement, innovation, evolution where new varieties of fabrics get continuously developed, dyes for textiles also change to meet the ever-changing demands of the fashion industry. Also, unlike other markets, the demand for textile dyes varies according to the season. To respond to the consumers’ changing demand and to meet the consumption needs of the textile industry dye manufacturers invest substantially, creating variations in their dyes. Resultantly, the Textile Dyes Market is growing pervasively on the global space.

Recognizing the kind of growth the market is witnessing currently, Market Research Future (MRFR) recently published a study report. According to MRFR, continuing with the same trends, the Global Textile Dyes Market is projected to grow to approximately 8.75 Bn. USD at 8.13 % CAGR approximately between 2016 and 2023.

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The major drivers of textile dyeing markets are large production textile looms in developing countries. On the other hand, stringent regulations might hamper the market growth. Besides, growing population and urbanization worldwide, is creating the demand for clothing and the fashion clothing alike. Burgeoning fashion industry accounts for one of the driving forces behind the market growth.

Improving economical conditions support the market growth globally, improving consumers’ purchasing power. However, potential environmental concerns caused during manufacturing and dying processes are expected to impede the market growth during the forecast period.

Textile dyeing processes demand huge amounts of the water be used as a solvent. Generally, for every 1 kg of textile processing consumes around 100 to 150 liters of water. Besides, the wastewater released into the atmosphere after the process ends is difficult to treat further to make it reusable. Nevertheless, advancements in technology have presented with the several eco-friendly solutions for the release of the used water during the processes.

Developing economies are gradually realizing the environmental impacts of this process and are switching to liquefied carbon dioxide instead of water. Similarly, some reputed garment manufacturers such as Addidas and Nike are adopting this technique to dye their garments in collaboration with a leading group based in growing economies.

Global Textile Dyes Market – Segments

For the convenience of understanding, MRFR has segmented the report into four key dynamics.

By Types: Comprises Acid dyes, Direct dyes, Basic dyes, Vat dyes, Fiber-reactive dyes, Mordant dyes, Disperse dyes¸ and Solvent dyes, among others (Azoic colours & Sulphur dyes, others). 

By Fibers: Cotton, Silk, Wool, Nylon, and Viscose among others (Acrylic, & Jute etc).

By Application: Garment dyeing, and Yarn dyeing, among others

By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).

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Global Textile Dyes Market – Geographical Analysis

The Asia Pacific accounts for the leading market for Textile Dyes due to the increase in urban households, new applications of textile products and rapid growth in the online fashion market.  Some countries such as India, Taiwan, and South Korea have made the APAC region the largest consumer of the Global Textile Dyes Market followed by the North America region, increasing the consumption of the product. 

Moreover, the third largest market of textile dyes Europe is followed by Latin America and the Middle East owing to the growing applications of the product in the different type of fibers such as cotton, wool, silk, nylon, viscose, and others.

Few of the driving forces reasoning the booming textile dyes industry in the emerging economies such as India, China, South Africa, Brazil, and others which are abundant in natural resources and cost-competitive labor force. Availability of other natural resources commonly used to make textile dyes, and the low-cost labor which make producing dyes and dyeing fabrics and clothes inexpensive, also make these countries major contributors to the global market.

Markets in the developing economies witness immense potential in the world of Textile Dyes owing to their easy and cost-effective production processes. Developing economies indulge in the large production of natural as well as synthetic dyes. China has become the largest market for textile dyes owing to its vast textile production. The manufacturing of textiles dyes is also majorly based in far-east Asia.

Indonesian batik cloth producers and other textiles manufacturers in Southeast Asia are increasingly switching to natural dyes. Synthetic dyes are used in emerging economies in large quantities. Acid dyes, azoic dyes, and chrome dyes are manufactured and also exported from the emerging economies.

Key Players:

The Global Textile Dyes Market is led by some of the fervent players including Kiri Industries Ltd. (India), Kyung-In Synthetic Corporation (South Korea), Atul Ltd (India), Chromatech Incorporated (US), Synthesia, A.S. (Europe), S.A. Robama (Europe), Brand & Performance Textile Specialties (Singapore), Avocet Dye & Chemical Co. Ltd (UK), and LANXESS (Europe), Huntsman International LLC (US). Profiling them in its analysis, MRFR finds out the strategies keep them at the forefront of the market competition. 

Industry/ Innovation/ Related News:

July 05, 2018 – India Ratings and Research (Ind-Ra) announced that while Cotton prices in India are expected to stay firm during the next fiscal following the tight demand-supply scenario, textile dyes and chemical prices are expected to remain high, exerting margin pressure. Supply constraints are arisen from lower fiber production this season due to pests, acreage drop in the next season and adverse weather in other key cotton-growing nations.

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