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Global Textile Dyes Market by 2022 Types, Applications, Challenges, and Development Factors 2024
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Expanding textile industry in Asia-Pacific, and low manufacturing cost are the major drivers identified in the textile dyes market. The textile industry is registering a good growth in the Asia-Pacific region, owing to the expanding textile industry due to cheap labor, availability of raw materials, and others. Along with that, a shift in perception of consumers regarding affordable and comfortable clothing is driving the demand of fabrics, resulting in the growth of dyes market.
Increasing disposable income, changing consumption pattern, increasing population, and increasing demand of clothing are among the various factors driving the textile industry growth in the region, which in turn is contributing in the textile dyes market growth.
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Asia-Pacific is anticipated to achieve the highest growth in the textile dyes market during the forecast period. This can be attributed to various factors such as low labor cost, east availability of raw material, less stringent rules and regulations, growing population, and others. Along with that, the growing and strengthening economies of China and India are also adding to the market growth, as both the countries are attracting significant investment from international players, resulting in the region’s textile dyes market growth.
Huntsman Corporation, Atul Ltd., Lanxess AG, Colorant Limited, Kiri Industries Ltd., Zhejiang Longsheng Group Co., Jay Chemical Industries Limited, Sumitomo Chemical Co., Ltd., DowDuPont Inc., Organic Dyes and Pigments LlC, and Avocet Dye & Chemical Co. Ltd. are some of the major players operating in the textile dyes market.
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