Transparency Market Research (TMR) provides key insights on the vat dyes market in its latest report titled “Vat Dyes Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, Changing lifestyle and rise in urbanization are predicted to drive the vat dyes market during the forecast period. Countries in Asia Pacific have witnessed increase in disposable incomes, which is further predicted to offer growth opportunities to the vat dyes market. Manufacturers of dyes strive to introduce products with more color variations and stability in order to attract customers. Demand for textiles is in direct proportion to the increase in standard of living in emerging countries such as China, India, and Brazil.
The report has segmented the global vat dyes market in terms of type into indigo, thioindigo dyes, anthraquinone derivatives, carbazole derivatives, and others. Of these, indigo and anthraquinone derivatives are well-established vat dyes in the market. Based on application, the global vat dyes market is segregated into cotton, yarns, open width fabrics, and knitted fabrics. The global vat dyes market expanded moderately in 2017. This trend is estimated to continue during the forecast period.
In terms of regional perspective, Asia Pacific dominates the global vat dyes market. Rise in population, increase in urbanization, immense progress made in the textile sector, and changes in lifestyle are key factors projected to boost the vat dyes market in Asia Pacific during the forecast period. Demand for vat dyes is high in countries such as China, India, and Japan in the region.
Expansion in the textile market and advancements in fashion technologies in Germany, the U.K., and France are driving the market in Europe. Demand for vat dyes in North America is driven by the growth in the fashion industry. The vat dyes market in Latin America and Middle East & Africa is likely to expand at a significant pace during the forecast period, owing to the recent economic development in these regions.
Prominent players operating in the global vat dyes market are included in this report to give a better competitive analysis of the market and these are Mongolia Yabulai Dyestuff Co.,Ltd., Hangzhou Shenhang Chemical Co.,Ltd., Royce International, and Qingdao Yuejiang Chemical Co., Ltd.
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