Direct Textile Dyes Are Expected To Grow The Fastest, Topping US$ 2 Bn By 2031

Latest insights published by Fact.MR on the textile dyes market forecasts a valuation exceeding US$ 8 billion by 2031. Rapidly evolving fashion trends are stimulating demand for trendy apparel, prompting manufacturers to include new color combinations and designs, pivoting sales, and are expected to push market expansion at a CAGR of over 6% through 2031

The market posted impressive gains over the last 5 years, closing in on US$ 6 billion by the end of 2022. Annual growth rate of approximately 5% was registered during the said timeframe. Manufacturers are expected to primarily focus on Asian markets, with prominent countries such as India and China emerging as lucrative growth hubs.
According to the India Brand Equity Foundation (IBEF), India's textiles industry contributed 7% to industry output in FY 2018-19, with an expected valuation of over US$ 23 billion by 2027. Likewise, according to Textile World, China's chemical fiber production exceeded 50 million tons, comprising over 66% of global production. Such trends are motivating prominent players to increase foray across these markets.

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Key Takeaways from Market Study

• Demand for direct textile dyes to remain high, reaching over US$ 2 billion by 2031
• Reactive textile dyes to experience fastest growth at approximately 7% CAGR until 2031
• Dyes for viscose fibers are expected to incline at a CAGR of around 6%
• Polyester textile dyes to expand impressively, registering a CAGR of around 7%
• The U.S. likely to register heightened textile dye sales, reaching almost US$ 700 million in 2021
• India, South Korea, and Australia to collectively reach slightly over US$ 600 million by 2031
• China to generate over US$ 2 billion in revenue across the textile dyes landscape

"Prominent manufacturers are increasingly capitalizing on organic textile dyes, attributed to rising concerns over the detrimental impacts of using synthetic chemicals, furthering expansion prospects,"says a Fact.MR analyst.

Country-wise Analysis

How Fast are Textile Dye Sales Expected to Incline in the U.S?

The market for textile dyes in the U.S. is anticipated to incline impressively, and is expected to reach nearly US$ 700 Mn by 2021-end. Growing contribution of the domestic textile industry is majorly stimulating demand for textile dyes across the country.
According to the National Council of Textile Organizations (NCTO), the U.S textile and apparel shipments totaled US$ 64.4 billion in 2020, and is the 2nd largest exporter of textile-related products in the world. Recently, manufacturers have inaugurated new facilities across the production chain, thus attracting key market players.

Why are Manufacturers of Textile Dyes Focusing on India?

Fact.MR projects the textile dyes market in India to generate around 30% of the revenue share of South Asia, largely stimulated by the domestic dyestuff industry. The Trade Promotion Council of India (TPCI) estimates that textiles consume 80% of total dyes produced in the country.
The Indian dyestuff industry initially catered to the domestic textiles industry. However, enhanced research capabilities has served to extend its outreach into the global landscape. In 2017, value exports of dyes & dyestuff from India amounted to US$ 2.4 billion. Demand for cotton textile dyes is likely to remain significantly strong in forthcoming years.

Key Market Segments Covered

• By Dye Type
o Disperse
o Reactive
o Direct
o Acid
o Vat
o Basic
o Other

• By Fiber
o Cotton
o Viscose
o Wool
o Nylon
o Polyester
o Acrylic
o Other Fiber

• By Region
o North America
o Europe
o East Asia
o South Asia
o Oceania
o Latin America
o Middle East & Africa

Category-wise Insights

Why is Demand for Direct Textile Dyes Likely to Surge?

By dye type, direct textile dyes are anticipated to witness significant growth, surpassing US$ 2 Bn valuation by 2031. Extensive applications across cotton, linen, rayon and various cellulose fibers is the primary growth accelerator for this segment.
Major advantages offered by direct dyes include better lightfastness compared to most other reactive dyed shades, ease of application, shortness of dye cycle (around 3 hours for package dyeing), and overall low cost of the dyes themselves and the auxiliaries used.

Why are Textile Dyes for Viscose Fibers Garnering Attention?

Viscose fibers are being increasingly deployed in textile manufacturing, attributed to its soft and lightweight texture. These are obtained from cellulose derived from softwood. Fact.MR expects demand for textile dyes for this fabric to expand at approximately 6% CAGR across the forecast period.
However, polyester textile dyes are also expected to register high growth, expanding at around 7% CAGR during the 2021-2031 period. This is attributed to extensive uptake of polyester fibers due to their high strength, greater elasticity and weather-resistance.

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Competitive Landscape

Some key textile dye manufacturers profiled in Fact.MR's report include LANXESS AG, Huntsman International LLC, Atul Ltd., Anand International, DyStar Singapore Pte. Ltd., Colorant Limited, Kiri Industries Limited, Jay Chemical Industries Private Limited, Organic Dyes and Pigments LLC, and Archroma.
Prominent textile dye manufacturers rely on numerous expansion strategies, ranging from innovative product launches to outright or partial mergers & acquisitions, collaborations, and capacity expansion.
• In June 2021, Archroma launched the Color Atlas by its Polyester Library, comprising of 1,440 colors for sportswear, athleisure, swimwear, children's clothing, shoes, fashion and home textiles. The atlas permits professionals to quickly compose the palates they need.
• In January 2020, Huntsman International announced the formation of NaviColor, in collaboration with Xenon arc. This platform is a dedicated marketing channel to service the unique needs of select customers in the U.S textiles and apparel industry and further expand customer base.
• In February 2021, LANXESS AG signed a contract to acquire Emerald Kalama Chemical to acquire 100% of its shares at a purchase price of over US$ 1 billion. The objective behind this move is to strengthen its position in specialty chemicals manufacturing, including textile dyes and other consumer products.
• In June 2019, Organic Dyes and Pigments LLC completed two relocation moves, enhancing its capabilities and efficiency to better serve its clients. This includes combining scattered offices in Rhode Island into one single facility, and combining their Concord NC and Union SC offices into one.
Key Market Players Listed:
• Anand International
• Archroma
• Atul Ltd.
• Big Sunshine International Co. Ltd.
• Colorant Limited
• Day Glo Color Corp.
• Dev Colours
• FUJIFILM Holdings America Corporation
• Huntsman International LLC.
• Jay Chemical Industries Private Limited
• Kiri Industries Limited
• DyStar Singapore Pte. Ltd
• LANXESS AG
• Organic Dyes and Pigments LLC

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of textile dyes across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of textile dyes during the forecast period. Price point comparison by region with global average price is also considered in the study.

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