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Textile Dyes Market on the Rise: Comprehensive Report Unveils Market Size, Segment Analysis, Influential Trends, Competitive Landscape, and Future Growth Prospects
Textile Dyes Market
Textile Dyes Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $14.84 billion In 2028 At A CAGR Of 8.8% :
The textile dyes market size has grown strongly in recent years. It will grow from $9.69 billion in 2023 to $10.58 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to industrialization of textile production, consumer demand for color variety, chemical innovations, textile manufacturing growth, fashion and design .
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,.
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Textile Dyes Market Major 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 Driver - 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.
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Prominent Trend - 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.
Textile Dyes Market Players
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
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the textile dyes market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the textile dyes market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Textile Dyes Market Report Structure
3. Textile Dyes Market Trends And Strategies
4. Textile Dyes Market - Macro Economic Scenario
5. Textile Dyes Market Size And Growth
…..
27. Textile Dyes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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