The global textile colorant market size is projected to grow from USD 9.42 billion in 2021 to USD 13.24 billion in 2028. The textile manufacturing industry is gaining high popularity in recent years because of the increasing R&D activities for developing unique dyes with oleo-phobic and hydrophobic properties. Dow, for instance, launched a new line of durable hydrophobic compounds named Dowsil IE-8749 emulsion in February 2021. It would provide water repellency even after several washes and enhance fabric retention. As per a report by Fortune Business Insights™, titled, “Textile Colorant Market, 2021-2028,” the market stood at USD 9.16 billion in 2020. It is set to exhibit a CAGR of 5.0% in the forecast period (2021-2028).
Ralph Lauren Corporation Unveils Color on Demand Revolutionary Dyeing Platform
In March 2021, Ralph Lauren Corporation, a leading fashion company based in the U.S. launched a revolutionary dyeing platform called Color on Demand. It would help in providing the world’s first scalable and sustainable zero wastewater cotton dyeing system. The company aims to transform the way the cotton coloring process occurs in the fashion industry. As per one of the company officials, “This groundbreaking approach required the participation of Corob, Dow, Huntsman Textile Effects, and Jeanologia. Together, we are aiming to tackle the challenge of pollution and water scarcity faced by the fashion industry.”
COVID-19 Impact-
Cancellation of New Orders by Global Fashion Brands to Hinder Growth amid COVID-19
The UN Conference on Trade and Development mentioned that during the first quarter of 2020, the trade value worldwide dropped by 3% owing to the outbreak of the COVID-19 pandemic. Most of the textile companies rely on China for gaining access to high-quality textile colorant. But, the shutdown of manufacturing facilities because of lockdown norms has taken a toll on the industry. As stocks are piling up, global fashion brands are cancelling new orders. As per BGMEA, in July 2020, USD 1.5 billion orders were cancelled and USD 2 billion were on hold.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:
Report Coverage-
The report studies decisive segments of the textile colorant industry containing regions, end-users, technologies, types, and applications. It elaborates the performance and significance of each segment by taking into consideration sales volume, growth prospects, revenue share, and demand. In addition to this, it will help our clients to determine the market size to choose the right segment for their business growth.
Drivers & Restraints-
Increasing Demand for Technical Textiles from Various End-users to Aid Growth
The demand for technical textiles is surging nowadays because of their increasing usage in a wide range of industries, such as engineering, sports, and healthcare. These textiles have certain physical and chemical properties and are designed as per the requirements of end-users. The surging awareness regarding the benefits of these textiles, rising adaptability, and changing consumer preference would accelerate the textile colorant market growth in the upcoming years. However, the dye manufacturing process is not sustainable and requires a lot of water, thereby making the sector very environmentally intensive. Hence, government agencies are implementing strict rules to prevent the usage of excessive water. It also leads to the coloration of natural water sources. This factor may obstruct the demand for these colorants.
Segments-
Azo Dyes Segment to Dominate Stoked by Lower Costs and Easy Production Process
By type, the market for textile dyes and pigments is divided into azoic dyes, direct dyes, basic dyes, disperse dyes, reactive dyes, sulfur dyes, VAT dyes, and others. Out of these, the azo dyes segment holds the largest textile colorant market share. This growth is attributable to the easy production process and lower costs involved in the same.
Regional Insights-
Asia Pacific Stood at USD 4.24 Billion in 2020: Fortune Business Insights™
- In 2020, Asia Pacific stood at USD 4.24 billion in terms of revenue. The expansion of the textile manufacturing industry in South Asia is anticipated to bolster growth. Also, China is considered to be the largest dye-producing country owing to the availability of cheap labor.
- In North America, the surging rates of obesity have compelled people to adopt healthy lifestyles. Hence, they are demanding activewear and sportswear for exercising that require textile colorant.
- In Europe, the increasing automotive production in the past five years is expected to surge the demand for luxury-laden cars. These cars are often decorated with a wide range of woody and earthy colors. It would propel the demand for these products.
Competitive Landscape-
Key Companies Aim to Compete by Developing New Products and Collaborating with Others
The market contains a large number of companies and is therefore reasonably diversified. Most of them are participating in collaboration and new product development strategies to cater to the high demand from customers. Huntsman Corporation is one of the leading companies in the market that recently came up with the HIGH IQ Black Eco Program. Below is one of the significant industry developments:
- June 2020: ChromaScape, LLC acquired a processor of liquid and powder dyes named Greenville Colorants, LLC. It would help the former in expanding its presence in the Southeast and providing innovative technical expertise to customers.
Fortune Business Insights™ presents a list of companies in this industry:
- Huntsman Corporation (U.S.)
- Kiri Industries Ltd. (India)
- DuPont (U.S.)
- Sumitomo Chemical Co. Ltd. (Japan)
- BASF SE (Germany)
- Allied Industrial Corp., Ltd. (Taiwan)
- Dystar Group (Singapore)
- Zhejiang Longsheng Group Co., Ltd. (China)
- LANXESS AG (Germany)
- Archroma International (Switzerland)
- Colorant Limited (India)
- Jay Chemical Industries Limited (India)
- Jiangsu Yabang Dyestuff Co., Ltd. (China)
- Other Key Players
Browse Summary
https://www.fortunebusinessinsights.com/textile-colorant-market-105468
OCT 09 2020: The global Aerospace and Defense Materials market size is expected to reach USD 28.37 billion by 2027, registering a revenue-based CAGR of 4.0% during the forecast period, according to a new report published by Grand View Research, Inc. Increasing investment in modernization along with expansion of combat aircraft fleet in countries, such as India and China is expected to drive the growth.The market is expected to benefit from the strong demand for aircraft in the foreseeable future.
The number of commercial and cargo fleets around the world is expected to double over the forecast period.
The huge surge in passenger and freight traffic is also anticipated to contribute significantly to the increase in aircraft production and demand for aerospace & defense materials.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/aerospace-and-defense-materials-market/request-sampleThe aerospace & defense industry has been a long-term promoting factor for the development and application of advanced materials.
Leading manufacturers are increasingly adopting a variety of advance materials such as carbon fiber composites and titanium alloys.
The material manufacturers provide highly customized solutions to the component and aircraft manufacturer.
Aircraft manufacturers are often involved in monitoring the materials throughout the value chain from design to component manufacturing to ensure the quality.Further key findings from the report suggest: Composites is expected to register the highest CAGR of 3.8% in terms of revenue, from 2020 to 2027, owing to the lightweight, high strength, and impact resistance characteristics of the productAerostructure is estimated to be the largest application segment.
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This report studies the global market size of Sports Medicine Products Market in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Sports Medicine Products in these regions.
This report also studies the global Sports Medicine Products market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
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The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Market size by End User
This report studies the global market size of Robotic Surgery Systems in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Robotic Surgery Systems in these regions.
This report also studies the global Robotic Surgery Systems market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Market size by End User
Rest of Central & South America
The study objectives of this report are:
To study and analyze the global Robotic Surgery Systems market size (value & volume) by company, key regions, products and end user, breakdown data from 2013 to 2017, and forecast to 2025.
The global Textile Market size is estimated to touch USD 1,350.2 billion by 2027.
The market is expected to register the CAGR of 4.3 % over the forecast duration, according to a new report by Million Insights, Growing disposable income and rapid urbanization in emerging countries such as India, Mexico, Brazil and China are anticipated to propel the market growth over the next few years.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/textile-market/request-sample Market Synopsis of Textile Market: Growing demand for personal protective equipment to ensure work safety and rising demand from the healthcare sector is bolstering the product demand.
Further, the emergence of e-commerce sectors that led to wide penetration of clothing and related materials are driving the growth of textiles market.
Technical advancement in electronic industry and the growing use of materials for conductivity have led to a rise in demand for smart textile.
Owing to the presence of several local and international players, the market is competitive in nature.
FEB 11, 2020: The global Pet Grooming Products market size is expected to reach USD 14.5 billion by 2025, expanding at a CAGR of 5.7%, according to a new report by Grand View Research, Inc. Increasing pet adoption and growing awareness about their hygiene are some of the factors driving the demand for pet grooming product.In addition, availability of wide range of medicated and organic variants in shampoo, conditioner, and ear butter have drawn greater consumer attention towards grooming products.
Dogs and cats are the most common companion animals and they contribute significantly to the demand for various grooming products.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/pet-grooming-products-market/request-sampleDue to thick furry coating and outdoor movements and activities, companion animals are susceptible to various diseases and infections triggered by fleas and ticks.
For instance, SynergyLabs offers veterinary formulated medicated shampoos to relieve companion animals from bacterial infections.Increasing adoption of pets by domestic households have opened up potential opportunities for new entrants in the market especially through online platforms.
Some of the e-commerce distributors of pet products include Amazon.com; Petco Animal Supplies, Inc.; PetSmart Inc.; PetMed Express, Inc.; TABcom LLC; BarkBox; PetFlow; and Bulk Reef Supply.
The market for companion animal in Japan is attractive with a population of around 20 million cats and dogs.According to Japan Pet Food Association (JPFA) there are around 9.7 million cats and 11.8 million dogs living with families in Japan and these numbers are growing every year.
Rising adoption of companion animals by their owners as family members is expected to boost the growth of the market.Some of the key players operating in the global pet grooming product market include Groomer's Choice; Himalaya Herbal Healthcare; Spectrum Brands, Earthbath; Resco; SynergyLabs; Petco Animal Supplies, Inc.; Coastal Pet Products; Vet's Best; 4-Legger; and World For Pets.Further key findings from the report suggest:The global pet grooming products market is expected to exhibit a CAGR of 5.7% from 2019 to 2025, thereby reaching a value of USD 14.5 billion by 2025North America is estimated to be the largest market accounting for a share of more than 50% by 2025, driven majorly by the high adoption rates of companion animals among householdsThe shampoo and conditioner segment accounted for the highest revenue share of about 52% in 2018 and is expected to grow with a CAGR of 5.9% over the forecast periodOffline distribution accounted for a major share of more than 70% in 2018, whereas online distribution is projected to witness fastest CAGR over the forecast period.To Browse Full Research Report @: https://www.radiantinsights.com/research/pet-grooming-products-marketTable of ContentsChapter 1.
