Global Industry Analysts Predicts the World Textile Dyes Market to Reach $8.5 Billion by 2026

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Mar 22, 2022, 04:40 ET

SAN FRANCISCO, March 22, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Textile Dyes - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Global Industry Analysts Predicts the World Textile Dyes Market to Reach $8.5 Billion by 2026

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Edition: 18; Released: February 2022
Executive Pool: 2691
Companies: 146 - Players covered include Anand International; Archroma; Atul Ltd.; Big Sunshine International; Colorant Limited; Day-Glo Color Corp.; DEV COLOURS; FUJIFILM Holdings America Corporation; Huntsman International LLC; JAY Chemical Industries Private Limited; Kiri Industries Limited; DyStar Singapore Pte. Ltd.; LANXESS AG; Organic Dyes and Pigments LLC; S.A Robama; Sumitomo Chemical Co. Ltd.; Tanatex Chemicals B.V.; Vipul organics Ltd; Zhejiang Runtu Co. Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Dye Type (Disperse, Reactive, Direct, Acid, Vat, Basic, Other Dye Types); Fiber Type (Cotton, Viscose, Wool, Nylon, Polyester, Acrylic, Other Fiber Types)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.

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ABSTRACT-

Global Textile Dyes Market to Reach $8.5 Billion by 2026
Textile dyes are designed for coloring textile materials comprising fabrics, yarns and fibers. The process employs dye solutions and dye pastes for dying and printing textiles. Textile dyes are also used for yarn dyeing and garment dyeing. Dye color and complexity play a major role in determining prices of dyes. Prices mainly depend on the type of fiber to be dyed, color, quality, and demand. Important trends driving the dyes market include preference for environment-friendly products, and the shift of production facilities from Europe and the US to Taiwan, India and China. The expanding population, implementation of favorable regulations, and expansion of the textile industry will present growth opportunities for the textile dyes market. Among the different types, a favorable market is projected for disperse dyes, due to their application in the thriving polyester fiber industry. While environmental concerns continue to play a key role in changing the product dynamics, new production technologies are expected to reshape the industry economics. Demand for new dyes is on the rise in accordance with growing preference for enhanced performance. At the same time, dye manufacturers and textile producers worldwide are developing innovative products and processes to comply with the strict environmental norms.

Amid the COVID-19 crisis, the global market for Textile Dyes estimated at US$6.5 Billion in the year 2022, is projected to reach a revised size of US$8.5 Billion by 2026, growing at a CAGR of 6.2% over the analysis period. Disperse, one of the segments analyzed in the report, is projected to record a 6.6% CAGR and reach US$2.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Reactive segment is readjusted to a revised 7.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $723.1 Million in 2022, While China is Forecast to Reach $2.4 Billion by 2026
The Textile Dyes market in the U.S. is estimated at US$723.1 Million in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2026 trailing a CAGR of 7.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Demand for textile dyes in the US is being influenced by the consumer preference for natural dyes. Though at present the industry is confronting challenging scenario due to the COVID-19 pandemic and resultant economic uncertainty, long term demand for textile dyes in Asia-Pacific will be propelled by increasing population, expansion of the manufacturing industry, adoption of advanced production technology and reduction in operational costs. Moreover, the region is anticipated to benefit from ongoing transition of manufacturing units from developed economies such as Europe and the US towards China, India, Indonesia and Taiwan along with growing demand for environment-friendly products.

Direct Segment to Reach $1.7 Billion by 2026
Direct dyes are used on cotton, linen, rayon and various cellulose fibers. They are best suitable for items that require less fastness during washing. Direct dyes are also used as biological stains and pH indicators. In the global Direct segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$679.7 Million will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$601.9 Million by the year 2026, while Latin America will expand at a 6.1% CAGR through the analysis period.
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