The global textile dyes market revenue was around US$ 10.68 billion in 2022 and is estimated to reach US$ 16.14 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2023 to 2031.
Textile dyes are coloring chemicals or pigments used to give textiles a specific appearance. Dyes are used to colour textiles like denim, wool, polyester, acrylic fur, cotton, silk, nylon, and many more. Dyes are textile colorants created by combining various chemicals to achieve the desired color. They are classified as direct, basic, reactive, acid, and dispersion.
Market Driving Factors
The rise in Investments in APAC countries by Textile Dyes firms is estimated to boost market growth. APAC has the largest share of the textile dyes market because it contains some of the largest manufacturers and exporters of textile dyes, such as China, which is the largest producer of textile dyes and whose primary firm, Zhejiang Lonsen Group, is the largest manufacturer there. Aside from China, India generates a big number of textile dyes each year. For example, India Brand and Equity Foundation, Indo Count Industries Ltd declared a US$ 26.9 million investment to enhance its manufacturing capacity in India. In addition, the textile sector, comprising dyeing and printing, garnered US$ 3.75 billion in FDI (Foreign Direct Investment).
Manufacturers are utilizing new technologies that are predicted to fuel the market. The textile dye industry consumes a considerable amount of water, and the treatment of textiles results in the release of dangerous pollutants such as nitrate, sulfur, cadmium, sodium, and others, which are major contributors to water pollution. As harmful chemicals in the environment, they cross the entire food chain, creating health problems such as liver, bladder, and hematological system tumors, among other things. As a result, to adapt to a new eco-friendly and pollution-free perspective, firms are using new technologies that will assist them in optimizing their value chain, achieving green production, and tracking raw material utilization. For instance, Welspun India revealed Wel. Trek 2.0, is an end-to-end traceability technology that tracks textile raw materials across the supply chain. As a result, this new technology lower production cost and boost the market.
Fibre wastes, which include soft fiber wastes, yarn spinning (hard fiber) wastes, off-cuts, beaming wastes, packing, and spools, are the most common type of waste generated. As a result, this factor is projected to limit market growth.
Regional Analysis
Asia-Pacific is estimated to dominate the market, especially in China and India, where demand is expected to be higher because these are the world's fastest-expanding economies. They have experienced consistent economic growth over the last decade and are one of the worldwide powerhouses. China and India are the most populated countries in this region. With the increasing population, there is a rise in the demand for textiles. The increase in consumer demand for textiles for several applications such as garment manufacturing, home textiles, and technical/industrial textiles has contributed to the market's expansion. Furthermore, the availability of low-cost raw materials and labor encourages the expansion of the textile dye market. The growing demand from this region promotes market expansion.
Segmentation Insights
Dye Type Insights
The direct dye segment is estimated to dominate the market. Direct dye has molecules that cling to the fabrics without using additional chemicals. Direct dye printing is easy, and it's often carried out in a slightly or neutral alkaline dye bath.
The reactive segment is expected to be the rapidly growing segment during the projection period. This segment is predicted to rise at a notable rate due to its advantageous qualities like bright hues, ease of use, rapid drying properties, cost-effectiveness, and others. Additionally, this segment requires only a single finish wash which is highly used in the textile industry.
Fiber Type Insights
The acrylic segment is expected to dominate the market during the projection period. This segment is projected to increase at a significant growth rate. This is done to several elements like an increase in demand for fibers in yarns for the production of clothing and home textiles. It is employed in products like outerwear fabrics, and winter wear, due to their properties like moisture resistance.
The polyester segment dominated the market and is estimated o continue its dominance during the projection period. This is attributed to several benefits like weather-resistant, high strength, high elasticity, and others. It is one of the most popular fibers in the textile industry because of its great physical qualities, low cost, adaptability, recyclability, and others.
Prominent Companies
Segmentation Outline
The global textile dyes market segmentation focuses on Dye Type, Fiber Type, and Region.
By Dye Type
By Fiber Type
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL TEXTILE DYES MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: TEXTILE DYES MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL TEXTILE DYES MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL TEXTILE DYES MARKET, BY DYE TYPE
5.1 OVERVIEW
5.2 DIRECT
5.3 REACTIVE
5.4 BASIC
5.5 VAT
5.6 DISPERSE
5.7 ACID
5.8 OTHERS
6 GLOBAL TEXTILE DYES MARKET, BY FIBER TYPE
6.1 OVERVIEW
6.2 WOOL
6.3 POLYESTER
6.4 ACRYLIC
6.5 OTHERS
7 GLOBAL TEXTILE DYES MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL TEXTILE DYES MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 AGROFERT S.A
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 ARCHROMA
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 AKIK DYE CHEM
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 ATUL LTD
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 CHROMATECH INCORPORATED
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 COLOURTEX
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 DUPONT
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 HOLLINDIA INTERNATIONAL B.V.
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 HUNTSMAN CORPORATION
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 ITALIA INCORPORATION
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.11 JAY CHEMICALS INDUSTRIES LTD
9.11.1 OVERVIEW
9.11.2 FINANCIAL PERFORMANCE
9.11.3 PRODUCT OUTLOOK
9.11.4 KEY DEVELOPMENTS
9.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.12 KIRI INDUSTRIES LTD
9.12.1 OVERVIEW
9.12.2 FINANCIAL PERFORMANCE
9.12.3 PRODUCT OUTLOOK
9.12.4 KEY DEVELOPMENTS
9.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.13 LANXESS AG
9.13.1 OVERVIEW
9.13.2 FINANCIAL PERFORMANCE
9.13.3 PRODUCT OUTLOOK
9.13.4 KEY DEVELOPMENTS
9.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.14 ORGANIC DYES AND PIGMENTS
9.14.1 OVERVIEW
9.14.2 FINANCIAL PERFORMANCE
9.14.3 PRODUCT OUTLOOK
9.14.4 KEY DEVELOPMENTS
9.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.15 JIANGSU YABANG DYESTUFF
9.15.1 OVERVIEW
9.15.2 FINANCIAL PERFORMANCE
9.15.3 PRODUCT OUTLOOK
9.15.4 KEY DEVELOPMENTS
9.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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