New York, Sept. 12, 2019 (GLOBE NEWSWIRE) -- The increasing demand for apparel industries owing to the rise in demand for consumers and growth in population is propelling the market growth.
The global textile dyes market is forecast to reach USD 10.13 Billion by 2026, according to a new report by Reports and Data. Textile Dyes are specialty dyes that are used in the apparel industry for coloring purposes. Textile dyes are also used in dying home textiles, industrial textiles, and many others.
The market for textile dyes is influenced by the rising demand for home furnishing products for decoration, the evolution of environment friendly dyes required by textiles industries, and the development of packaging industries, which require large textile dyes. Dying is one of the main attraction of any fabric, and it adds commercial value to the fabrics. Fabrics are dyed either by using dying solution or by printing, using dye pastes.
The above-mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of textile dyes pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancements in the dyes market owing to innovative efforts have enhanced the efficiency of textile dyes.
The demography of Asia Pacific has been shifting towards the young population, and the purchasing potential of this young population is also increasing. Most of the developing countries are looking at India and China as the global market. These countries consists of over 40% population across the globe and applications of technical textiles in this region will grow with a very high rate. The trade war between the United States and China is affecting the market of textile dyes recently.
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Further key findings from the report suggest
- The polyester segment accounts for a market share of 13.9% in the year 2018. Polyester is a type of fabric which is extremely difficult to dye since it is a synthetic fabric made from petroleum. It needs high temperature and pressure in order to dye this fabric.
- The textile industry is seeing growth due to an increase in demand for clothes with an increasing population, disposable income, and changing consumption pattern.
- Apparels account for the largest market share of 48.8% in the year 2018. China became the largest consumer of textile dyes owing to the ever-growing apparel and textile production, and on the huge production of viscose and cotton. China became a leader in world apparel and home textile (sheets and towel) production because of its low-cost labor compared with other countries.
- Home textile segment is forecasted to grow with a CAGR of 6.5% during the forecast period. This segment is witnessing a growth in the Asia Pacific region due to the high demand for traditionally crafted home textiles.
- Asia Pacific is forecasted to grow with the highest CAGR of 6.6% during the forecast period. Countries like India, China, and Japan are rapidly catching up with the growth in the textile chemical market. Textile production and dyes consumption have shifted from North America to Asia.
- Key participants Archroma, Tanatex Dyes, Vipul organics Ltd, DyStar Singapore Private Ltd, Zhejiang Runtu Co. Ltd., Jihua Group, S.A Robama, Organic Dyes and Pigments, Huntsman International LLC, and Kiri Industries Ltd, among others.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/textile-dyes-market
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented into the global Textile Chemicals market on the basis of fiber type, dye type, application, and region:
Fiber Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Cotton
- Viscose
- Wool
- Nylon
- Polyester
- Acrylic
- Others
Dye Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Direct Reactive
- Vat
- Basic
- Acid
- Disperse
- Others
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Apparels
- Home Textile
- Industrial Textile
- Others
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
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