Textile Dyes Market Fabricates Growth Prospective of USD ~ 8.75 Billion by 2023 with ~ 8.13 % of CAGR

Textile Dyes Global Market – Overview
According to a recent study report published by the Market Research Future, The global market of Textile Dyes is anticipated to grow at a rapid pace during the forecast period (2016 – 2023). The Market is forecasted Fabricate Growth Prospective of USD ~ 8.75 Billion by 2023 with CAGR of ~8.13 % between 2016 and 2023. The major drivers of textile dyeing markets are large production activity of textile in developing countries. On the other hand, the market growth might be hampered due stringent regulations.

Few of the reasons for the booming Textile Dyes Industry in the emerging economies of India, China, South Africa, Brazil, and others is abundant natural resources and cheap labour found in these countries. Other natural resources, commonly used to make textile dyes, are also found in abundance in these countries. To add to the advantage, they have low labour costs which make producing dyes and dyeing fabrics and clothes inexpensive.

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Textile Dyeing goes back to ancient times. Textile Dyes industry has come a long way; from colouring textiles with natural (botanic) dyes to the dyes born of state of the art technology of the current era. Contrary to the ancient times where dyes were made using natural resources, today most of the dyes are manufactured from petroleum based substances(ingredients) and coal tars. These new age dyes, are made with the advance technology and are tried, tested and tweaked to meet the demands of different types of fabrics. Best thing is, these dyes are created keeping in view the environment concerns. Most of these dyes do not pose threat to the environment.

Since the textile industry itself is about the advancement, innovation, evolution where new varieties of fabrics get developed constantly, dyes for textiles also undergo changes to meet the ever changing demands of the fashion industry. Also, unlike other markets, the demand for textile dyes varies according to season. That’s why the dye manufacturers are on their toes always creating variations in their dyes to meet the consumption needs of the textile industry. For example, the polyesters are a major consumer of disperse dyes, while the high cost cotton fabrics are more in demand during the summers and therefore there is increase in demand for vat, reactive and direct dyes before the onset of summer.

Textile Dyes Global Market – Synopsis
Emerging economies see immense potential in the world of textile dyes. Since these countries are rich in terms of natural resources, their production is easy in these countries. Emerging economies indulge in the production of natural as well as synthetic dyes in large quantities. China has become the largest market for textile dyes owing to its vast textile production. The manufacturing of textiles dyes is also majorly based in far-east Asia. Indonesian batik cloth producers and other textiles manufacturers in Southeast Asia are increasingly switching to natural dyes. Synthetic dyes came to be used in emerging economies in large quantities. Acid dyes, azoic dyes, and chrome dyes were manufactured in and also exported from the emerging economies.

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Textile dyeing usually consumes a lot of water. It has been estimated that for every 1 kg of textile being processed around 100 to 150 litres of water is consumed. Water is especially used as a solvent in textile dyeing. Besides, waste water released into the atmosphere after the process ends is hard to be treated. Emerging economies are gradually realizing the environmental impacts of this process and is switching to dyeing textiles with liquefied carbon dioxide instead of water. Reputed garment manufacturer such as Addidas and Nike are adopting this technique to dye their garments in collaboration with a leading group based in growing economies.

Textile Dyes Global Market – Regional Analysis
Asia Pacific is the largest market of textile dyes due to the increase in urban households, new applications of textile products and rapid growth in the online fashion market. India, Taiwan, and South Korea has made Asia Pacific largest consumer of the global textile dyes market followed by increasing in the consumption of textile dyes market in North America region. Furthermore, the third largest market of textile dyes is Europe followed by Latin America and Middle East due to various application in different type of fibers such as cotton, wool, silk, nylon, viscose, and others.

Key Points from Table of Contents:

12. Company Profiles

12.1 Kyung-In Synthetic Corporation
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments

12.2 Kiri Industries Ltd.
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments

12.3 Atul Ltd
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments

12.4 Synthesia, a.s.
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments

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