Textile Dyes Market Expected to Grow at 8.13% CAGR during 2016-2023 to Reach USD 8.75 Billion by 2023
Global Textile Dyes Market Information-by Types (Direct Dyes, Acid Dyes, Basic Dyes, Fiber-Reactive Dyes, Vat Dyes, Mordant Dyes, Solvent Dyes, Disperse Dyes¸ and Others), by Application (Yarn Dyeing, Garment Dyeing), by Fibers (Cotton, Wool, Silk, Nylon, Viscose, and Others) and by Region – Forecast till 2023
Pune, India – June 6, 2017 /MarketersMedia/ —
Market Highlights:
The Global Textile Dyes Market is expected to witness a significant growth of USD 8.75 Billion by 2023 with CAGR of 8.13 % between 2016 and 2023. The market witnessed a significant growth over the forecasted period owing to growing applications in various fibers such as into cotton, wool, silk, nylon, viscose, and others across various industries. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
Segmentation:
The Global Textile Dyes Market, by geography, has been segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. In the global textile dyes market, Asia Pacific is expected to witness relatively faster growth rate as compared with other regions. Within Asia Pacific, different type of textile fiber is projected to contribute the faster share growth of revenue in countries such as Japan, China and India. Furthermore, many international textile dye industry are coming up in the region adding to the growth of the sector.
Key Players:
Key players profiled in the global textile dyes market include Kyung-In Synthetic Corporation (South Korea), Kiri Industries Ltd. (India), Atul Ltd (India), Synthesia, a.s. (Europe), Chromatech Incorporated (US), S.A. Robama (Europe), Avocet Dye & Chemical Co. Ltd (UK), Brand & Performance Textile Specialties (Singapore), LANXESS (Europe), Huntsman International LLC (US), and Others.
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Regional Analysis:
At present, India adds aapprox. 6% share in the global market with a 15% CAGR. The dye markets are mostly led by reactive and disperse dyes. The demand for reactive and disperse dyes is expected to grow in future as these two dyes are dominant in all the regions including APAC, North America, Europe, and Middle East. In the Asian region, China, Korea and Taiwan are strong players in disperse dyes, while India leads in the production of reactive dyes due to an availability of intermediate vinyl sulphone in the country. The main drivers of this region are annual disposable income, increase applications of textile products.
North America holds the second position in terms of global textile dye market due to larger consumption in textile industry, and increased demand for natural dyes including the countries US, Mexico, and Canada.
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Furthermore, Europe region holds third position for textile dye market including the countries Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg due to increasing textile industry thorough different fibers such as cotton, wool, silk, nylon, viscose, and others (Acrylic, Jute etc. Textile dye market in Middle East and Africa occupies a relatively smaller pie of the global textile dye market. Within Middle East and Africa counties including UAE, South Africa and Saudi are driving the growth.
China has become the major textile manufacturer due to this, textile dye production has shifted nearer to the fact of consumption which resulted 40-45% of global consumption is in China now. In addition, India is another country of the APAC region which accounted 10% of global consumption of the textile dye market. These two countries are also biggest exporters of textile dyes to the rest of the world. They also export large quantities of raw materials and intermediate chemicals for textile dye, which are used by Europe region and other developing countries. On the other hand, disperse dye is the one that has the largest production and export capacity among all textile dyes manufacturer in China.
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