The Global Market for Textile Dyes is Forecast to Reach US$9.6 Billion by 2024

Important Role of Colors in Fashion Production and Consumption Drives Global Growth of Textile Dyes, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size, and demand forecasts on the global Textile Dyes market. The global market for Textile Dyes is forecast to reach US$9.6 billion by 2024, driven by fashion industry’s experimentation with new fabric colors, adoption of advanced production technology, robust demand for apparel, increasing population and rising disposable incomes, and consumer inclination towards environment friendly natural dyes.

Dyes represent coloring substances applied as solutions on substrates such as food, wood, textiles and other materials. Textiles dyes are widely employed in the textiles industry that uses various dyes and chemicals during textile production. Segregated into synthetic or man-made and natural products, textile dyes are used in the textile dyeing process that involves addition of colors to fabrics, fibers, silk yarns and wool. Considered one of the oldest chemical businesses, textile dyes has traversed a long way to emerge as a specialty chemical business. The industry involves a spread of dye categories including acid dyes, basic dyes, disperse dyes, fiber reactive dyes, vat dyes, and fluorescent brighteners among others. While environmental concerns continue to play a key role in changing the product dynamics, new production technologies are expected to reshape the industry economics. Demand for new dyes is on the rise in accordance with growing preference for enhanced performance. At the same time, dye manufacturers and textile producers worldwide are developing innovative products and processes to comply with the strict environmental norms.

The textile dyes market globally is witnessing a healthy growth owing to strong demand from end-use industries, increasing population and disposable incomes, increasing per person consumption of dyes, consumer preference for eco-friendly products, implementation of favorable regulations, and expansion of the textile industry. In the recent years, the dyes market has experienced increasing focus on non-toxic, natural dyes that are derived from invertebrates, minerals and plants. While technological advances and robust demand for digital inks are expected to fuel usage of dyestuff, consumer preference for eco-friendly products is anticipated to create a perfect ground for growth of the textile dyes market. Another important trend driving the textile dyes market includes shift of production facilities from Europe and the U.S. to Taiwan, India and China. Factors such as improving economic activity, rapid industrialization and a paradigm shift towards low-cost developing nations are major reasons for the improving scenario across Asia-Pacific, the largest regional market. China, Taiwan and Korea possess stronghold in disperse dyes with India leading the production in reactive dyes.

As stated by the new market research report on Textile Dyes, Asia-Pacific represents the largest market worldwide. The region is also the fastest growing with a CAGR of 7.4% over the analysis period led by factors such as increasing population, rising disposable incomes, expansion of the manufacturing industry, adoption of advanced production technology and reduction in operational costs. Europe, the second largest region, is anticipated to witness increasing demand for vat dyes that are used to color wool, cotton and other fibers.

Key players in the market include Allied Industrial Corp. Ltd., Alps Industries Ltd., Anand International, Archroma, Atul Ltd., Big Sunshine International, Day-Glo Color Corp., Huntsman International LLC, Kiri Industries Ltd., DyStar Singapore Pte. Ltd., Organic Dyes and Pigments, Rathi Dye Chem Ltd., Sumitomo Chemical Co. Ltd., and Yorkshire Group Ltd., among others.

The research report titled “Textile Dyes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, and other strategic industry activities of global companies. The report provides market estimates and projections in US dollars for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. The report also analyzes the market by product segments – Acid Dyes, Basic Dyes, Direct Dyes, Disperse Dyes, Reactive Dyes, Sulfur Dyes, Vat Dyes, and Other Dyes).

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