Press release
Textile Dyes Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments | Archroma, Atul Ltd., Colorant Limited, Vipul Organics Ltd, Zhejiang Runtu Co Ltd
Textile Dyes Global Market Report 2024
The textile dyes market size is expected to see strong growth in the next few years. It will grow to $14.84 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to sustainability and environmental regulation, innovation in dyeing technologies, rise in customization and personalization, health and safety concerns, government initiatives and support.. Major trends in the forecast period include digital textile printing, fast fashion and short runs, recycled dye technologies, smart textiles, color trends and sustainability,.
Market Overview -
The textile dyes refer to color compounds or substances used to color fabric. Textile dyes are colorants that, when added to the material, give it a permanent color that lasts through repeated use. The primary goal of dyeing is to apply uniform color to the substrate (fiber, yarn, or fabric) while maintaining color-fastness requirements for cloth.
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Rising Demand From The Fashion/Apparel Industry
The increased demand in the garment industry is expected to propel the textile dye market. The garment industry has a significant raw material base that includes all types of natural and synthetic fiber dyes, which has helped it achieve global prominence. These apparel industries are consumer-based, contributing to the economy by providing trade along the clothing and garment production and value chain. Such growing global business and the use of natural and synthetic fiber dyes in various garments applications lead to the increasing demand for textile dyes. For instance, according to a report published in February 2022 by Obrelo, a Russia-based drop shipping company, the fashion industry grew by 18.4 % in 2021, with sales figures for 2022 forecast at $473.42 billion. Therefore, the increasing demand in the garment and fashion industry will drive the textile dyes market.
Competitive Landscape -
Major companies operating in the textile dyes market include Archroma, Atul Ltd., Colorant Limited, Vipul Organics Ltd, Zhejiang Runtu Co Ltd., Kiri Industries ltd, DEV COLOURS, DyStar Singapore Pte Ltd, Huntsman International LLC, Akik Dye Chem, Blendwell SA, Jiangsu World Chemical Co Ltd, KeyColour, Mahickra Chemicals Limited, Organic Dyes and Pigments, Royce Global S A, Robama, Sun Chemical, Agrofert SA, Chromatech Incorporated, Colourtex, DuPont, Hollindia International BV, Italia Incorporation, Jay Chemicals Industries Ltd, Lanxess AG, Yabang Dyestuff
Focus On Lauch Of New Technological Solutions
New technology is a key trend gaining popularity in the textile dyes market. The textile dyes sector is constantly innovating and adopting new advanced dying technologies to become a more sustainable industry. The use of nanotechnology to create more scientific clothing, such as fire-repellent, self-cleaning, and water-repellent clothes, has resulted in significant advancement in the textile industry. These advancements in textile manufacturing technology will enable textile material and product dying markets to use more sustainable and advanced dying technology. Major companies operating in the textile dyes sector are focused on new technologies to sustain their position in the market. For instance, in September 2021, Cosmo Speciality Chemicals, an India-based specialty chemicals company, launched Superwash POL, a dye transfer inhibitor to prevent textiles from bleeding and staining. The specially formulated agents provide the amphiphilic character with polar groups and hydrophilic properties with un-polar groups, which prevent textiles from dye bleeding and redepositing on different colored textiles and white.
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Key Segments -
The textile dyes market covered in this report is segmented -
1) By Dye Type: Direct, Reactive, VAT, Basic, Acid, Disperse, Other Dye Types
2) By Fiber Type: Wool, Nylon, Cotton, Viscose, Polyester, Acrylic, Other Fiber Types
3) By Application: Clothing & Apparels, Home Textiles, Industry Textiles
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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