Global Textile Dyes Market – Growth Oppotunity, Analysis and Forecast To 2024 | Huntsman Corporation, Atul Ltd.


Posted April 13, 2020 by Goal_T

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Dyes are the coloring material that is used to color commodities. The textile industry used different chemicals and dyes during the textile production. Textile dyes are used in textile industry, which is the process of adding colors to the textile products which includes wool, silk yarns, fabrics, and others. These dyes are applied to textile by dyeing using dye solutions and by printing using dye pastes. The dye use depends upon the type of material along with some specific requirements which has to be met. There are various factors which need to be considered during the selection of dye such as fastness to light, process cost, reaction to washing and rubbing, and others.

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Increasing disposable income, changing consumption pattern, increasing population, and increasing demand of clothing are among the various factors driving the textile industry growth in the region, which in turn is contributing in the textile dyes market growth.

Environment impact of dyes and stringent government regulations are the major challenges identified in the textile dyes market, which can potentially hinder the market growth in the coming years. There are various environmental impacts of these dyes, and the government of various countries has imposed various regulations related to residue in water-streams, air pollution, and others. For instance, the government of India has banned certain azo dyes, as they are suspected to be carcinogenic and the presence of harmful chemicals including formaldehyde and certain metals. Hence, these stringent regulations laid by authorities, particularly by North American and European countries are expected to hinder the textile dyes market growth.

Textile sector is among the major consumer of dyestuff; however it is one of the most unorganized and fragmented market, which makes it difficult for players to compete and retain their share in the market.

Asia-Pacific is anticipated to achieve the highest growth in the textile dyes market during the forecast period. This can be attributed to various factors such as low labor cost, east availability of raw material, less stringent rules and regulations, growing population, and others. Along with that, the growing and strengthening economies of China and India are also adding to the market growth, as both the countries are attracting significant investment from international players, resulting in the region’s textile dyes market growth.

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Huntsman Corporation, Atul Ltd., Lanxess AG, Colorant Limited, Kiri Industries Ltd., Zhejiang Longsheng Group Co., Jay Chemical Industries Limited, Sumitomo Chemical Co., Ltd., DowDuPont Inc., Organic Dyes and Pigments LlC, and Avocet Dye & Chemical Co. Ltd. are some of the major players operating in the textile dyes market.

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Last Updated April 13, 2020