CHICAGO, May 11, 2023 (GLOBE NEWSWIRE) – The global Textile Dyes Market is expected to grow from US$11.1 billion in 2022 to US$14.0 billion in 2027, at a CAGR of 4.6% over the forecast period, according to the latest study by MarketsandMarkets. The Asia Pacific market is experiencing high demand and low manufacturing cost in the Asia Pacific countries. The demand for dyes for cellulosic fibers is increasing in the Asia-Pacific region due to the fast-growing textile industry. Cotton, jute and other natural cellulosic fibers are used extensively in the Indian textile industry. Besides India, Bangladesh, China and other Asian countries are production bases of large fast fashion companies. The increasing demand will burden the industry in the coming years.
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Browse the detailed TOC on Textile Dyes Market topic.
226- Market Data Tables
55- Numbers
222 pages
List of major players in Textile Dyes Market:
- Huntsman Corporation (USA),
- Atul Ltd. (India), Kiri Industries (India),
- Lanxess AG (Germany),
- Zhejiang Longsheng Group Co.Ltd. (China),
- Zhejiang Jihua Group (China),
- Zhejiang Runtu Co.Ltd. (China).
Drivers, Restraints, Opportunities and Challenges in Textile Dyes Market:
- Driver: Low manufacturing costs in Asia Pacific countries
- Restrictions: Strict environmental regulations for the disposal of textile waste
- occasions: Renewed interest in low-VOC and eco-friendly products
- Challenges: Overcapacity of dyes
Main results of the study:
- The cotton fiber segment accounted for the largest segment of the textile dye market.
- Reactive is the fastest growing dye segment in the textile dye market.
- Asia Pacific is the fastest growing textile dye market.
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The main driver for the textile dyes market is the high demand from the apparel industry and industries using technical textiles such as…
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