Textile Dyes Market Size – USD 6.38 Billion in 2018, Market Growth – CAGR of 5.7%, Market Trends – The advent of environment friendly textile dyes.
NEW YORK CITY, NY, UNITED STATES, November 10, 2021 /EINPresswire.com/ — The increasing demand for apparel industries owing to the rise in demand for consumers and growth in population is propelling the market growth.
A global research report called Textile Dyes Market was recently published by Reports and Data to provide guidance for business. The report also focuses on global major leading industry players of Textile Dyes market providing information such as company profiles, product picture and specification, price, capacity, cost, production, revenue, and contact information. The global Textile Dyes market is expected to develop at a substantial CAGR in the coming years. The most significant factor driving the growth of this market is rising investments in the market. Investments in the Textile Dyes market have witnessed huge growth over the past few years. This report also states import and export consumption, supply and demand figures, cost, price, revenue, and gross margins.
The market for textile dyes is influenced by the rising demand for home furnishing products for decoration, the evolution of environment-friendly dyes required by textiles industries, and the development of packaging industries, which require large textile dyes. Dying is one of the main attractions of any fabric, and it adds commercial value to the fabrics. Fabrics are dyed either by using the dying solution or by printing, using dye pastes.
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Material is a substance or a mixture of substances that make up an object. In the manufacturing process, materials are employed as inputs to make items or more complicated materials. Businesses that create industrial chemicals make up the chemical industry. In this industry, chemical reactions and refining technologies are utilized to transform fundamental resources such as oil, air, water, natural gas, metals, and minerals into thousands of various products. The materials and chemicals industry trends range from solutions for surface engineering, lightweight, sustainability, nano-formulations (biomaterials), 3D printing, and developing advanced composites to meet the changing industry demands.
Key participants Archroma, Tanatex Dyes, Vipul Organics Ltd, DyStar Singapore Private Ltd, Zhejiang Runtu Co. Ltd., Jihua Group, S.A Robama, Organic Dyes and Pigments, Huntsman International LLC, and Kiri Industries Ltd, among others.
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For the purpose of this report, Reports and Data have been segmented into the global Textile Chemicals market on the basis of fiber type, dye type, application, and region:
Fiber Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Dye Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
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Further key findings from the report suggest
The polyester segment accounts for a market share of 13.9% in the year 2018. Polyester is a type of fabric that is extremely difficult to dye since it is a synthetic fabric made from petroleum. It needs high temperature and pressure in order to dye this fabric.
The home textile segment is forecasted to grow with a CAGR of 6.5% during the forecast period. This segment is witnessing growth in the Asia Pacific region due to the high demand for traditionally crafted home textiles
The textile industry is seeing growth due to an increase in demand for clothes with an increasing population, disposable income, and changing consumption patterns.
Apparels account for the largest market share of 48.8% in the year 2018. China became the largest consumer of textile dyes owing to the ever-growing apparel and textile production, and the huge production of viscose and cotton. China became a leader in world apparel and home textile (sheets and towel) production because of its low-cost labor compared with other countries.
Asia Pacific is forecasted to grow with the highest CAGR of 6.6% during the forecast period. Countries like India, China, and Japan are rapidly catching up with the growth in the textile chemical market. Textile production and dyes consumption have shifted from North America to Asia.
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