Textile Dyes Market – Overview
Increasing diversity and variation in the usage of textiles in the fashion industry has necessitated the evolvement of the Textile Dyes that are used. Market reports associated with the information and communications technology industry have been made available by Market Research Future who publishes reports on other sectors that have been presently published along with a report on this industry. The market is poised to attain a revenue level touching USD 8.75 Billion by 2023 while growing with an 8.13 % CAGR in the forecast period.
The various chemicals and dyes used in the making of textiles have increased considerably as the demand for clothes has increased substantially. The rise in the per capita levels around the world has prompted the development of the market as consumers have increased purchasing power. Moreover, the rising level of investment and attention devoted to research and development is expected to transform the market over the forecast period.
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Industry Updates:
Aug 2018 We Are SpinDye, a Swedish fashion-tech company is set to hasten the development of its proprietary colouring method for synthetic textiles courtesy following a round of investment. Social Impact Ventures and Dutch duo Textile Innovation Fund (TIF) along with Bestbase Group will invest a collective total of €3 million and become an active part of the We Are SpinDye business.
Detailed Regional Analysis:
The Asia Pacific region is the foremost market for Textile Dyes owing to the rise in urban households, novel applications of textile products and speedy development in the online fashion market. Taiwan, India, and South Korea have contributed towards making the Asia Pacific region the major consumer of the Textile Dyes Market globally followed by the growing demand in the consumption of textile dyes in the North American region as well. Moreover, the third major market of Textile Dyes is Europe followed by Latin America and the Middle East owing to many applications in different type of fibers such as wool, silk, cotton, viscose, nylon, and others.
Segmental Analysis:
The Segmentation of the Global Textile Dyes Market is carried out on the basis of Fibers, Application, Types, and Region.
On the basis of Types, the Textile Dyes Market is segmented into acid dyes, direct dyes, basic dyes, vat dyes, fiber-reactive dyes, mordant dyes, disperse dyes¸ solvent dyes, and others.
The Segmentation Based on Application of the Textile Dyes consists of garment dyeing and yarn dyeing.
By Fiber, the market segmented into wool, cotton, silk, viscose, nylon, and others.
On the basis of Region, the market is segmented into Europe, North America, Latin America, APAC, and Middle East & Africa.
Competitive Analysis
The gaps in the market are filled due to the implementation of increasing supply chain strategies. The development patterns are modified in tandem to the customer preferences to achieve maximum growth, and in the long run, profitability. The enhancement in the products and services is the chief factor escalating the market’s productivity and controlling the trends that are acquiring distinction in the market. The essential success factors and players’ likings are dependably growing by the strategies being used by market contenders. The development of the market is based on the drivers that are radically altering the market backdrop.
The noteworthy players in the market for Textile Dyes are Kiri Industries Ltd. (India), Atul Ltd (India), Synthesia, a.s. (Europe), Chromatech Incorporated (US), Kyung-In Synthetic Corporation (South Korea), Avocet Dye & Chemical Co. Ltd (UK), Brand & Performance Textile Specialties (Singapore), S.A. Robama (Europe), Lanxess (Europe), Huntsman International LLC (US), and Others.
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