Comeback of Bright Aesthetics in the Form of Neon & Fluorescent Colors in Fashion Spurs Growth of Textile Dyes

The global market for Textile Dyes is forecast to reach US$9.6 billion by 2024, driven by the growing demand for organic dyes and pigments against the backdrop of the comeback of bold colors in fashion, strong preference for sustainable textiles and clothing and the ensuing replacement of dyes with pigments.

Textiles dyes, the coloring substances for textile materials, form one of the core input materials for the textiles industry. Segregated into synthetic and natural products, textile dyes are used in the textile dyeing process to add colors to fabrics, fibers, silk yarns and wool. Considered one of the oldest chemical businesses, textile dyes have traversed a long way to emerge as a specialty chemical business.  Demand for new dyes across various categories including Acid Dyes, Basic Dyes, Direct Dyes, Disperse Dyes, Reactive Dyes, Sulfur Dyes, and Vat Dyes, is on the rise in accordance with growing preference for enhanced performance. While environmental concerns continue to play a key role in changing the product dynamics, new production technologies are expected to reshape the industry economics.  Dye manufacturers and textile producers worldwide are developing innovative products and processes to comply with the strict environmental norms. A key trend emerging in the market is growing adoption of non-toxic, natural dyes that are derived from natural sources such as plants, animals and minerals.

Robust textile industry and strong demand for clothing & fabric materials against the backdrop of growing population, rising disposable incomes and increasing per person consumption of clothing are poised to steer textile dyes sales in the immediate future. While technological advances and robust demand for digital inks are expected to fuel usage of dyestuffs, consumer preference for eco-friendly products is anticipated to create a perfect ground for growth. Garment dyeing and yarn dyeing are likely to remain as the primary segments by application with wool, cotton, nylon, silk, viscose and other materials such as jute and acrylic fiber verticals steering overall demand. On the contrary, factors such as fluctuating prices of raw materials, environmental concerns and the overcapacity situation are expected to affect the market prospects.

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 intensified textiles production activity to suffice growing demand across the region and worldwide. Europe, the second largest region, is anticipated to witness increasing demand for various dyes including vat dyes used to color wool, cotton and other fibers.

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

The research report titled “Textile Dyes – Market Analysis, Trends, and Forecasts” 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).

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
For cutting edge analyst reviews on top industries, follow us on Twitter and connect with us on LinkedIn

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, 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 Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of surfing equipment makers, marketers and associations to make surfing much more accessible. Increased accessibility and affordability has drawn si
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, 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 Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti
Read more