News

May 23, 2023

Textile Colors Market Size to Reach US$ 11.1 Billion by 2032

According to Future Market Insights, a market research and competitive

According to Future Market Insights, a market research and competitive intelligence provider, Global consumption of Textile Colors experienced significant growth over a five- to six-percentage-point increase in the last five years. Textile Colors are dyes that are used to produce various textiles such as fabrics, yarns, and fibers. This specific dye may be found as a liquid solution, dry powder, or solid chunk. The global Textile Colors market was valued at US$ 5.8 Bn in 2021 and is expected to reach a valuation of US$ 11.1 Bn by 2032, expanding at a CAGR of 6.2% between 2022 and 2032.

One of the principal factors driving the growth of the Textile Colors market is increasing innovation in the Textile Colors sector. Furthermore, demand for vibrant fabrics and fibers, significant R&D expenditures in plant-based dyes, increased demand for Textile Colors in the Asia-Pacific region, and lower costs in production are likely to drive this sector forward.

The dye may be produced as semi-continuous, continuous, or batch processes. Textile Colors are commonly employed in a variety of industries, including the creation of material to arrange garments and loose fibers through yarn.

However, over-capacity in the marketplace for Textile Colors and fluctuations in the prices of raw materials restrict the market of Textile Colors, while, stringent environmental regulations and leftover by-products of the production process are non-biodegradable that significantly hinders market expansion.

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Key Takeaways from Market Study

Winning Strategy

Water is used extensively in the dyeing and bleaching of textiles. As the water level drops with each passing day, it is becoming increasingly important to develop dying processes and methods that use less water. The need for organically derived eco-friendly dyes is expected to increase in the near future. This is due to the fact that consumer awareness has risen. Producers are also making it a point to supply less harmful products as part of their corporate social responsibility.

Competitive Environment

Leading textile dye manufacturers use a variety of expansion tactics, ranging from new product releases to full or partial mergers and acquisitions, partnerships, and capacity expansion.

Dow, BASF SE, Huntsman International LLC., Evonik Industries AG, Ineos Group AG, LANXESS, SABIC, Exxon Mobil Corporation, Kronos Incorporated., Kiri Industries Ltd, Archroma, ALLIED INDUSTRIAL CORP., LTD, Organic Dyes and Pigments, Sumitomo Chemical Co., Ltd., Dayglo Color Corporation, Anand International, SAMCO, and VASU CHEMICALS LLP are some of the key players operational in the Textile Colors market.

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Some of the recent developments of key Textile Colors providers are as follows:

Market Segments Covered in Textile Colors Market Analysis

By Dye Type:

By Fiber Type:

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