Textile Dyes Market-Overview
It is anticipated that the textile dyes market revenue will shoot up to a total of USD 10.9 billion by the year 2030. It is foreseen that the textile dyes market share will rise with a CAGR of 6.00% throughout the forecasted period.
The improved retail channels are estimated to further create demand for clothing products, and this is estimated to enhance the textile dye market in the coming period. In addition, the improved dyeing capabilities are also estimated to motivate the textile dye market in the impending period.
Regional Overview
The regional appraisal of the textile dye market consists of North America, the Middle East, Europe, Latin America, Asia-Pacific, and Africa. The Asia-Pacific regional market had captured the 50% of the whole market in the year 2018. Thailand, India, China, Bangladesh, and South Korea are the national markets where most of the clothing apparel are mass-produced and distributed to diverse nations. This accessibility to low-wage employees, minimal industrial costs of production, upsurge in use due to population growth, and an expansion in demand for clothing at the international level is appraised to encourage the textile dye market. The Indian textile market is likely to register huge growth in the forecast period because of the variety in the population and their clothing selections. The Middle East and Africa regional market also demonstrate to be a huge manufacturer of textile dyes. This is due to the accessibility to various fabrics, such as cotton, silk, and jute. The nations such as Egypt, Turkey, UAE, and South Africa participate more in the textile business to boost their national economy.
Segmental Analysis
The segmental scrutiny of the textile dye market is conducted on the basis of dye type, fiber type, application, and region. The fiber type segment of the textile dye market consists of polyamide, cellulose, polyester, wool, acrylic, and acetate. The application segment of the textile dye market consists of home textiles, clothing apparel, and industrial textiles. The region segment of the textile dye market consists of North America, the Middle East, Europe, Latin America, Asia-Pacific, and Africa. The dye type segment of the textile dye market consists of acid, direct, disperse, VAT, reactive, and Sulphur.
Competitive Analysis
The capitalization by market companies to establish robust e-commerce and retail channels is projected to motivate the development of the market. The engagement of technology and strategy-based approach is likely to ensure better chances for success in the future. The financial stimulus being provided by many government bodies to regenerate their national markets is estimated to spur the global progress rate. The market is likely to be lifted by the reformative trends that are shaping the global market. The development of robust delivery chains is predicted to enhance the pace of progress in the upcoming months. The improvement in the rate of innovation is estimated to further open up new aspects of the market. The agreement of various international trade deals is estimated to further foster the expansion of the market. The increased emphasis on high-revenue decision-making in the market is estimated to prompt its quicker return to normalcy in the coming months.
The well-known companies in the textile dye market are Archroma (Switzerland), Atul Ltd (India), DyStar Singapore Pte Ltd (Singapore), LANXESS (Germany), Jihua Group (China), Huntsman International LLC (US), Vipul Organics Ltd (India), A. Robama (Spain), Kiri Industries Ltd (India), Organic Dyes and Pigments (US), Synthesia, AS (Czech Republic) and Zhejiang Runtu Co., Ltd (China)
Industry Updates:
June 2021 Biomolecular chemists recently conducted an experiment in which they injected DNA into a kind of bacterium, Corynebacterium glutamicum, that already makes the building blocks of the blue dye, indigoidine. The exact segment of DNA, a "blue-pigment indigoidine synthetase" genetic factor, permitted the bacteria to put those building blocks as one. The bacteria formed large quantities of the dye, which the researchers then used to dye white cotton.
June 2021 Green Theme Technologies (GTT), an American front-runner in producing sustainable solutions for the textile and fashion businesses, has declared that it has produced USD 3.5 million at the primary close of series B financing. Funds created will be applied to grow GTT's sustainable and performance-driven platform technologies, employ new workers, and support licensing associates. The business will use the series B funding to additionally develop and commercialize their platform technologies, including a durable water repellent (DWR) appearance and our water-free dye (WFD) product.
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