Global Textile Dyes Market to Reach $8.5 Billion by 2026

Category: General

Country: United States

April 20, 2022 1:13 PM | 29 min read | by Globe Newswire

New York, April 20, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report Global Textile Dyes Industry - httpswww.reportlinker.comp05151463utm_source=GNW
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Textile dyes are designed for coloring textile materials comprising fabrics, yarns and fibers. The process employs dye solutions and dye pastes for dying and printing textiles. Textile dyes are also used for yarn dyeing and garment dyeing. Dye color and complexity play a major role in determining prices of dyes. Prices mainly depend on the type of fiber to be dyed, color, quality, and demand. Important trends driving the dyes market include preference for environment-friendly products, and the shift of production facilities from Europe and the US to Taiwan, India and China. The expanding population, implementation of favorable regulations, and expansion of the textile industry will present growth opportunities for the textile dyes market. Among the different types, a favorable market is projected for disperse dyes, due to their application in the thriving polyester fiber industry.

Amid the COVID-19 crisis, the global market for Textile Dyes estimated at US$6 Billion in the year 2020, is projected to reach a revised size of US$8.5 Billion by 2026, growing at a CAGR of 6.2% over the analysis period. Disperse, one of the segments analyzed in the report, is projected to record a 6.6% CAGR and reach US$2.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Reactive segment is readjusted to a revised 7.4% CAGR for the next 7-year period.

The U.S. market is estimated at $695.9 Million in 2021, While China is Forecast to Reach $2.4 Billion by 2026
The Textile Dyes market in the U.S. is estimated at US$695.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2026 trailing a CAGR of 7.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Demand for textile dyes in the US is being influenced by the consumer preference for natural dyes. Though at present the industry is confronting challenging scenario due to the COVID-19 pandemic and resultant economic uncertainty, long term demand for textile dyes in Asia-Pacific will be propelled by increasing population, expansion of the manufacturing industry, adoption of advanced production technology and reduction in operational costs. Moreover, the region is anticipated to benefit from ongoing transition of manufacturing units from developed economies such as Europe and the US towards China, India, Indonesia and Taiwan along with growing demand for environment-friendly products.

Direct Segment to Reach $1.7 Billion by 2026
Direct dyes are used on cotton, linen, rayon and various cellulose fibers. They are best suitable for items that require less fastness during washing. Direct dyes are also used as biological stains and pH indicators. In the global Direct segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$679.7 Million in the year 2020 will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$601.9 Million by the year 2026, while Latin America will expand at a 6.1% CAGR through the analysis period.

Select Competitors (Total 146 Featured) -
Anand International
Archroma
Atul Ltd.
Big Sunshine International
Colorant Limited
Day-Glo Color Corp.
DEV COLOURS
FUJIFILM Holdings America Corporation
Huntsman International LLC
JAY Chemical Industries Private Limited
Kiri Industries Limited
DyStar Singapore Pte. Ltd.
LANXESS AG
Organic Dyes and Pigments LLC
S.A Robama
Sumitomo Chemical Co. Ltd.
Tanatex Chemicals B.V.
Vipul organics Ltd
Zhejiang Runtu Co. Ltd.

Courtesy: https://www.benzinga.com/pressreleases/22/04/g26721144/global-textile-dyes-market-to-reach-8-5-billion-by-2026