Web Exclusive | September 2019
Global textile dyestuff market to hit $ 6.14 bn by 2026
Global textile dyestuff market was valued $7.34 billion in 2017 and expected to reach $6.14 billion by 2026, at a CAGR of 6.14 per cent during forecast period.Global textile dyestuff market is segmented into dye type, fibre type, type, and region. On the basis of dye type, market is divided into direct, reactive, vat, basic, acid, disperse, others. Based on fibre type, market is classified into wool, nylon, cotton, viscose, polyester, acrylic, others. According to type, market is segmented into cellulose, protein, and synthetic. Geographically market is divided into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
Dyeing improves aesthetics of the textile product and makes it more attractive. Textile industry trends change speedily and use of dyestuff helps textile manufacturers to meet continuously changing demands of end-users. Textile manufacturers among the world are seeking innovative ways to reduce the environmental impact. Research & development of dyes has resulted in improved ease of handling, safety, hygiene, and accuracy during application of dyes. These factors are expected to drive the textile dyestuff market during the forecast period.
In terms of region, Asia Pacific accounted for an important share of the global textile dyestuff market in 2017. The market in Asia Pacific is expected to expand at the maximum CAGR during the forecast period, followed by North America and Europe. In terms of market capitalization, Asia Pacific and Europe are leading the global market.
Key players operated in textile dyestuff market are Allied Industrial Corp, Ltd., Lanxess, Sumitomo Chemical, Huntsman Corporation, Kiri Industries, BASF SE, E I du Pont de Nemours and Company, Bozzetto Group, Archroma International, Dystar Group, Arkema SA , Sudarshan Chemical Industries Limited, Zhejiang Longsheng Group Co, and CHT Group., Kyung-In Synthetic Corporation, Atul Ltd, Synthesia, as, Chromatech Incorporated, SA Robama, Avocet Dye & Chemical Co Ltd, Brand & Performance Textile Specialities,.