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Global Textile Dyes Market to Grow at a CAGR of 6% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Textile Dyes Market Report and Forecast 2022-2027’, the global textile dyes market attained a value of USD 8.5 billion in 2020. The industry is further expected to grow at a CAGR of 6% in the forecast period of 2022-2027 to reach a value of USD 12.1 billion by 2026.

The Asia Pacific is one of the fastest-growing regions in the global textile dyes market due to the rising shift of major textile manufacturers from Europe and North America to the Asia Pacific. The industry growth in the Asia Pacific can be attributed to the growth of the regional textile industry, and the availability of low-cost, skilled labourers and raw materials. The growing textile industry, in turn, is driving the demand for textile dyes, thus allowing the market to prosper in this region. India and China are some of the significant markets for textile dyes within the Asia Pacific region. The markets in these two countries are being propelled forward by the rising demand for textile and garment by the burgeoning population of the countries.

Huntsman Corporation (NYSE: HUN) and Kiri Industries Ltd. (NSE: KIRIINDUS) are some of the major players in the global textile dyes market. Huntsman Textile Effects, the branch of Huntsman Corporation that deals in textile dyes, introduced Eriopon© E3-Save dyeing auxiliary in 2020 to reduce the cost of dyeing polyester, along with making the entire processing cycle more water and energy-efficient.

Market Analysis by Dye Type, Fibre Type, and Region:

  • Based on the dye type, the market can be divided into cellulose, protein, and synthetic textile dyes, among others.
  • Based on fibre type, the industry can be divided into wool, nylon, cotton, viscose, polyester, acrylic, and others.
  • The regional markets for the global textile dyes market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • One of the primary drivers of the global textile dyes market is the growing customer demand for textiles for various uses.
  • The availability of low-cost labour and cheap raw materials in the Asia Pacific region is also one of the key drivers of this market.
  • New product launches and the implementation of the latest technology and research are further aiding the industry growth.
  • Polyester remains the most preferred fibre due to its numerous advantages like high elasticity and strength and weather-resistance characteristics. A major part of the global textile dyes market deals with dyes for polyester; thus, with the rising demand for polyester fabrics is ensuring the growth of the global textile dyes market. 

Key Offerings of the Report:

  • The EMR report gives an overview of the global textile dyes market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for North America, the Asia Pacific, Europe, the Middle East and Africa, and the regions of Latin America.
  • It assesses the regional price trends for the (2017-2021) and (2022-2027) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global textile dyes market are Huntsman Corporation, Kiri Industries Ltd., Atul Ltd., Lanxess AG, Colorant Limited, and Jihua Group Corp Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence companies, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and evergrowing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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