Market Overview
- The Global Textile Dyes Market is expected to grow at a CAGR of 5.7% during the forecasting period (2020-2027).
- Dye is a substance which is used to impart colour to textiles, leather, paper, and other materials such that the colouring is not readily altered by washing, light, heat, or other factors to which the material is likely to be exposed. Dyes are incorporated into the fiber by chemical reaction, absorption, or dispersion. Dyes differ in their resistance to sunlight, washing, perspiration, gas, alkalies, and other agents.
- The textile industry uses various dyes and chemicals during the production of textiles. There are mainly two categories of dyes, i.e., natural and Synthetic.
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Market Dynamics
- The main factors driving the growth of the textile dyes market are increasing preference for natural dyes, growing demand for colored textiles and fibers, and large-scale production activity of textiles in developing countries. For instance, according to Federation of Indian Chambers of Commerce & Industry ‘s 2018 report, the global apparel consumption in 2017 is estimated to be USD 1.8 trillion and is forecast to reach USD 2.6 trillion by 2025, growing at a CAGR of 4%. Development of textile industries in the emerging economies has led to the increasing demand for textile dyes globally.
- Stringent environment laws, production overcapacity, and price volatility of raw materials are the key factors restraining the growth of textile dyes market. For instance, in January 2019, China introduced a new environmental protection tax imposing charges across all industries discharging pollutants into water. Textile dyes being one of the major industries which discharges pollutants into water are facing a stiff challenge against this law.
Segmentation Analysis
- Global Textile Dyes Market is further segmented on the basis of dyes types, application, and fibers. Based on the application of textile dyes the market is sub-segmented into Apparel, home furnishing, and others. The apparel industry is anticipated to have the largest share owing to rising apparel demand in the Asia Pacific region such as China, and India, both growing in double digits. According to Department of Textile Technology, China will become the biggest apparel market adding more than USD 378 Billion in market size by 2025, while India will be the second most attractive apparel market adding around USD 121 billion by 2025.
- Based on fiber the market segmented into Cotton, Nylon, Viscose, and Others. The cotton fiber segment is anticipated to be the largest fiber type segment of the textile dyes market during the forecast period. As the cotton fiber retains many dyes and is washable and iron-able. For instance, according to the US Department of Agriculture, cotton production estimates in India was approximately 28.5 million bales in 2017-2018, with an increase of 5.6% compared to 2016-2017. These properties make the textiles derived from cotton fiber to be mass-produced clothing products. Viscose is anticipated to be the fastest-growing fiber type segment. The driving demand for viscose textile is due to its easy dyeing properties and low cost.
Geographical Analysis
- Based on region global textile dyes market is segmented into North America, Europe, Asia-Pacific, South America and Rest of World. The Asia Pacific is the largest market of textile dyes owing to the increase in urban households, rising disposable income, new applications of textile products and rapid growth in the online fashion market. Developing economies such as China and India are indulged in the production of natural as well as synthetic dyes in large quantities. China is the largest market for textile dyes owing to its vast textile production and exports. For instance, as per the report published by Texprocil in 2017, China export of textiles and clothes were increased by 0.44% accounted to USD 258.46 Billion.
Competitive Landscape
- Global textile dyes market is fragmented due to the presence of large international and domestic players. Some of the key players are Archroma, Kyung-In Synthetic Corporation, Huntsman International LLC, Synthesia, A.S., Kiri Industries, Avocet Dyes & Chemical Co. Ltd, S.A. Robama, Chromatech Incorporated, LANXESS, and Zhejiang Longsheng Group Co.
- Archroma, one of the prominent players in the global textile dyes market, is enhancing its market growth by launching new dyes. For Instance, in February 2019, Swiss chemical firm Archroma started the production of new non-toxic dyes known as Aniline-free indigo in Jamshoro plant, Pakistan.
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