Sep 1, 2021   SOURCE: BusinessWire

Insights on the Textile Dye Global Market to 2026 - Featuring Archroma, Cosmonaut Chemicals and Huntsman International Among Others - ResearchAndMarkets.com

The "Textile Dye Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The Global Textile Dye Market is projected to register a CAGR of over 4% during the forecast period (2021-2026).

Companies Mentioned

  • Akik Dye Chem
  • Archroma
  • Arihant Dyechem
  • Blendwell SA
  • Colosperse Dyes & Intermediates
  • Cosmonaut Chemicals
  • DEV COLOURS
  • DyStar Singapore Pte Ltd
  • Gopal Chemicals
  • Huntsman International LLC
  • Jiangsu World Chemical Co., Ltd.
  • KeyColour
  • Kolorjet Chemicals Pvt Ltd.
  • Mahickra Chemicals Limited
  • Organic Dyes and Pigments
  • Royce Global
  • S.A. Robama
  • Sun Chemical
  • Vipul Organics Ltd.

Key Market Trends

Increasing Demand from the Apparel Segment

  • Textile dyes are widely used as colorants in the apparel industry and are expected to be the fastest-growing segment in the market during the forecast period.
  • Dyes are used for coloring fabrics. Dyes absorb and reflect light at a specific wavelength which gives the human eye a sense of color. Dyes impart beauty to the fabrics.
  • With the increase in penetration of the internet, consumers are now looking for easy shopping, better offers, and easy return policies. The growth in online sales has contributed to the growth of the apparel industry.
  • Nowadays, clothing has become a symbol of aspiration, personality, and status. The consumers have shifted from need-based to aspiration-based clothing. The demand for aspiration clothing has increased which is expected to drive the textile dyes market.
  • However, synthetic dyes are harmful to the environment as they are not biodegradable and require a lot of water during their manufacturing. Stringent environmental regulations are impacting the manufacturing of synthetic dyes.
  • The global apparel market has been growing at a rapid pace since past few years. According to statista market forecast, the apparel market has generated a revenue of USD 445 billion in 2020 from USD 343 billion in 2019. Additionally, the market revenue is expected to reach USD 681 billion in 2025 witnessing a CAGR of 7.31% during the period 2021-2025.
  • Therefore, the aforementioned factors are expected to show significant impact on the textile dye market in the coming years.

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the market for textile dyes during the forecast period due to an increase in demand from countries like India and China.
  • Textile dyes are mainly used as colorants for fabric in apparel and household textiles. The population in India and China, combined, is about 40% of the global population. The growing population is expected to drive the demand for clothing which propels the market for textile dyes during the forecast period.
  • As stated by the National Development and Reform Commission, Domestic sales of apparel and knitwear in China stood at around USD 172.4 billion for the first 11 months of 2019, representing a 3% increase year-on-year.
  • Furthermore, the Chinese textile and apparel exports were amounted to about USD 291.21 billion in 2020, with a growth rate of 9.5% year on year, thus enhanced the demand for textile dye within the country.
  • According to the Ministry of Textiles of India, the Indian Textile Industry has generated a revenue of about USD 148 million from operations during FY2019, with a growth rate of about 3% compared to the previous year, thereby enhanced the demand for the market studied.
  • According to the Statistics Bureau of Japan, the sales value of textile wholesale in Japan was valued at about USD 27 billion in 2019, with a decline rate of about 3.5%, which in turn negatively impacts the demand for the textile dye market.
  • Therefore, the aforementioned factors are expected to show a significant impact on the textile dye market in the coming years.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Demand from the Apparel Industry

4.1.2 Other Drivers

4.2 Restraints

4.2.1 Stringent Environmental Regulations

4.2.2 Unfavorable Conditions Arising due to the Impact of COVID-19

4.2.3 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Dye Type

5.2 Fiber Type

5.3 Application

5.4 By Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share Analysis/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Development of Eco-friendly Textile Dyes

7.2 Other Opportunities

For more information about this report visit https://www.researchandmarkets.com/r/xum1la