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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:
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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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