Comeback of Bright Aesthetics in the Form of Neon and Fluorescent Colors in Fashion Spurs Growth of Textile Dyes
15 May 2019
The global market for Textile Dyes is forecast to reach US$9.6 billion by 2024, driven by the growing demand for organic dyes and pigments against the backdrop of the comeback of bold colors in fashion, strong preference for sustainable textiles and clothing and the ensuing replacement of dyes with pigments.
Textiles dyes, the coloring substances for textile materials, form one of the core input materials for the textiles industry. Segregated into synthetic and natural products, textile dyes are used in the textile dyeing process to add colors to fabrics, fibers, silk yarns and wool. Considered one of the oldest chemical businesses, textile dyes have traversed a long way to emerge as a specialty chemical business. Demand for new dyes across various categories including Acid Dyes, Basic Dyes, Direct Dyes, Disperse Dyes, Reactive Dyes, Sulfur Dyes, and Vat Dyes, is on the rise in accordance with growing preference for enhanced performance. While environmental concerns continue to play a key role in changing the product dynamics, new production technologies are expected to reshape the industry economics. Dye manufacturers and textile producers worldwide are developing innovative products and processes to comply with the strict environmental norms. A key trend emerging in the market is growing adoption of non-toxic, natural dyes that are derived from natural sources such as plants, animals and minerals.
Robust textile industry and strong demand for clothing & fabric materials against the backdrop of growing population, rising disposable incomes and increasing per person consumption of clothing are poised to steer textile dyes sales in the immediate future. While technological advances and robust demand for digital inks are expected to fuel usage of dyestuffs, consumer preference for eco-friendly products is anticipated to create a perfect ground for growth. Garment dyeing and yarn dyeing are likely to remain as the primary segments by application with wool, cotton, nylon, silk, viscose and other materials such as jute and acrylic fiber verticals steering overall demand. On the contrary, factors such as fluctuating prices of raw materials, environmental concerns and the overcapacity situation are expected to affect the market prospects.
As stated by the new market research report on Textile Dyes, Asia-Pacific represents the largest market worldwide. The region is also the fastest growing with a CAGR of 7.4% over the analysis period led by intensified textiles production activity to suffice growing demand across the region and worldwide. Europe, the second largest region, is anticipated to witness increasing demand for various dyes including vat dyes used to color wool, cotton and other fibers.
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