Press release
Textile Dyes Market To Be Bolstered By Progressive Product Ranges
Textile Dyes Market 2022-2030
In the textile industry, dyeing is the process of adding color to a variety of textile products such as wool, silk yarns, fibers, and fabrics to give them an attractive look. Textile dyes are resistant to washing. Both synthetic and natural dyes are used in the textile industry. However, synthetic dyes are the predominantly used ones in the textile industry due to the cost advantage and superior properties it exhibits as compared to natural dyes. However, recent years have witnessed a decline in the use of synthetic textile dyes and has shifted majorly towards natural dyes encouraged by environmental awareness.
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The global textile dyes market is poised to reach a valuation of USD 8.75 Bn at a CAGR of 8.13% over the forecast period of 2016-2023, asserts Market Research Future (MRFR), in a detailed study. The growth of the textile dyes market is growing in tandem with the continuously expanding textile industry as well as greater emphasis on higher value dyes. Growing textile production activity across the globe, especially in the developing countries present a host of opportunities for the growth of the global textile dyes market.
Trending consumer choices and expansion of dying infrastructure coupled with the emergence of new dyeing technologies is expected to create a conducive environment for the growth of the global textile dyes market.
Textile dyes are a dynamic field for research and development. In response to the changing needs and preference for colors and textile, rigorous R&D activities are being carried out to develop new and improved textile dyes to assure marketability which augment the growth of the global textile dyes market. Furthermore, to ensure compliance with government regulations pertaining to the toxicity of textile dyes, constant improvements are being made in the textile dyes arena.
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Contrarily, concerns regarding the toxic and hazardous nature of dyes are likely to impede the growth of the market over the forecast period. Discharge of textile dyes into water sources have raised concerns regarding environmental pollution and other potential hazards related to them. Government regulations relating to environmental problems are among significant impediments to the global textile dyes market.
Segmentation
The global textile dyes market has been segmented based on type, application, and fiber.
By type, the global textile dyes market has been segmented into direct dyes, acid dyes, mordant dyes, solvent dyes, basic dyes, fiber-reactive dyes, vat dyes, disperse dyes¸ and others (sulphur dyes, azoic colors, etc.).
By application, the global textile dyes market has been segmented into yarn dyeing and garment dyeing.
By fiber, the global textile dyes market growth has been segmented into cotton, wool, silk, nylon, viscose, and others (Acrylic, Jute, etc).
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Regional Analysis
By region, the global textile dyes market has been segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). APAC is domineering the global textile dyes market. Prolific growth of the textile industry, increase in disposable income and favorable government policies which facilitate ease of operations in the region act in favor of the market. Expanding online fashion and textile industry also reflects positively on the growth of the market. India, South Korea, and Taiwan are the key contributors to the APAC market. North America is the second largest market followed by Europe and Latin America.
Competitive Landscape
The notable players in the global textile dyes market include Kyung-In Synthetic Corporation (South Korea), Avocet Dye & Chemical Co. Ltd (UK), Huntsman International LLC (US), Atul Ltd (India), Chromatech Incorporated (US), Synthesia, a.s. (Europe), Kiri Industries Ltd. (India), S.A. Robama (Europe), Brand & Performance Textile Specialties (Singapore), LANXESS (Europe), and others.
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Industry Updates
In February 2019, Mimaki, a global industry leader, and manufacturer of wide-format inkjet printers introduced its new dye sublimation printer, Mimaki TS55-1800. The new printer is ideally suited for application in the production of interior fabrics, flags and tapestries, sports and fashion apparel. The new product is designed for users who demand high-quality print and high productivity.
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