Stringent Environmental Regulations Drive Adoption of Sustainable Textile Dyes
The global textiles dyes market was valued at US$ 6.7 billion in 2022 and would expand to reach US$ 8.9 billion by 2033, growing at a CAGR of 6.0% during 2023-2033. The textile dyes market refers to the industry that produces dyes used in the coloring of textiles. Textile dyes can be made from a variety of materials including natural dyes, such as plant and animal extracts, as well as synthetic dyes, which are chemically produced.
The market for textile dyes is driven by the demand for colored fabrics and textiles across various industries, including fashion, home textiles, and technical textiles. The increasing popularity of sustainable and eco-friendly textile dyes has also contributed to the growth of the market However, the textile dyeing process is known to have negative environmental impacts due to the use of hazardous chemicals, water pollution, and energy consumption. As a result, there is a growing interest in the development of new, sustainable dyeing technologies that can reduce the environmental impact of the textile dyeing process
Download Free Sample Copy of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id= 6350
Key Takeaways from the Market Study
- Demand for direct textile dyes to remain high, reaching over US$ 2 billion by 2031
- Reactive textile dyes to experience fastest growth at approximately 7% CAGR until 2031
- Dyes for viscose fibers are expected to incline at a CAGR of around 6%
- Polyester textile dyes to expand impressively, registering a CAGR of around 7%
- The U.S. likely to register heightened textile dye sales, reaching almost US$ 700 million in 2021
- India, South Korea, and Australia to collectively reach slightly over US$ 600 million by 2031
- China to generate over US$ 2 billion in revenue across the textile dyes landscape
Regional Analysis
The textile dyes market is a global market, with major players operating in various regions around the world. Asia Pacific is the largest regional market for textile dyes, accounting for a significant share of the global market. This can be attributed to the high demand for textiles and clothing in countries such as China, India, and Bangladesh, which has led to a strong demand for textile dyes in the region. Additionally, the availability of low-cost labor and raw materials in the region has made it an attractive location for textile dye manufacturers.
Europe is another significant regional market for textile dyes, driven by the presence of major fashion and textile manufacturing companies in the region. The demand for eco-friendly and sustainable textile dyes is also high in Europe, which has led to the development of new and innovative dyeing technologies. Furthermore, stringent regulations regarding the use of hazardous chemicals in the textile dyeing process have also contributed to the growth of the sustainable textile dye market in Europe. Major players in the European textile dye market include companies such as Huntsman International LLC, Archroma, and DyStar Group.
Competitive Landscape
The top textile dye manufacturers in the world utilise sustainable technology for a variety of end users. To reduce carbon emissions, major businesses are attempting to extract colours from discarded natural materials. Additionally, chemical and fashion industry titans are adopting venues for their campaigns to embrace eco-friendly dyeing techniques.
For instance, Ralph Lauren and Dow Chemical have released an open-source handbook to enhance the dyeing procedure and promote the adoption of consistent, effective, and sustainable textile manufacturing practises.
- In February 2021, Emerald Kalama Chemical and LANXESS AG entered into an agreement for the former to buy the latter’s 100% of the company’s shares for more than US$ 1 billion. The purpose of this action is to improve its position in the production of specialised chemicals, including textile dyes and other consumer goods.
- In June 2019, Two relocation transfers were accomplished by Organic Dyes and Pigments LLC, boosting its capacity and effectiveness to better serve its clients. This entails consolidating their Union, South Carolina, and Concord, North Carolina, offices into a single location as well as their scattered locations in Rhode Island.
Get Customization on this Report for Specific Research Solutions – https://www.factmr.com/connectus/sample?flag=RC&rep_id=6350
Key Companies Profiled
- Anand International
- Archroma
- Atul Ltd.
- Big Sunshine International Co.Ltd.
- Colorant Limited
- Day Glo Color Corp.
- FUJIFILM Holdings America Corporations
- Huntsman International LLC.
- Jay Chemicals Industries Private Limited
- Kiri Industries Limited
- Dystar Singapore Pte. Ltd.
- LANXESS AG
- Organic Dyes and Pigments LLC
Segmentation of Textile Dyes Industry Research
- By Dye Type:
- Disperse
- Reactive
- Direct
- Acid
- Vat
- Basic
- Others
- By Fiber:
- Cotton
- Viscose
- Wool
- Nylon
- Polyester
- Acrylic
- Others
For in-depth competitive analysis, Buy Now – https://www.factmr.com/checkout/6350
Key Questions Covered
- What is the textile dyes market and what are its major segments?
- What are the key factors driving the growth of the textile dyes market?
- What are the challenges faced by the textile dyes market and how can they be addressed?
- What are the major trends in the textile dyes market?
- What is the market share of the major players in the textile dyes market?
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Xherald
