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Global Dyes for Textile Fibers Market Insight
2021-12-29 Comments

The dyes for textile fibers is forecast to increase slowly over the next four years. According to the World Knowledge Information (WKI) “Global Dyes for Textile Fibers Professional Survey Report 2021, Forecast to 2026”, The demand of various end-user industries for textile fiber dyes is increasing, which is expected to promote the consumption of dyes in the textile fiber market in the forecast period.The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 2.01% base on WKI regression analysis model.

Analysts’ Viewpoint:

“As the millennials gradually become mainstream consumers in the market, products that meet the trend of young people’s aesthetics will have bright development prospects.”said Selena, Senior analyst, Chemical & Material Market Research Center in WKI.”But, some governments have issued relevant restrictions and prohibitions, which makes it difficult for the textile fiber dye market not to be affected. It is suggested that industry participants seek technological breakthroughs to synthesize more environmentally friendly and safer products and seize the market.”

Market insight:

Moderate manufacturing cost is one of the key factors to promote the growth of the global dyes for textile fibers market. Other important factors driving market growth include the advantages of manufacturing institutions in emerging economies due to low labor costs, easy access to raw materials and favorable government plans in countries such as India, China and other emerging economies in the Asia Pacific. In addition, the growing global population and the growing demand for textiles, clothing and clothing are driving the growth of the global dyes for textile fibers market. The continuous development of infrastructure, residential and commercial projects, the change of lifestyle and the family’s taste for rich decoration have promoted the demand for carpets and interior decoration, thus promoting the development of the dyes for textile fibers market.

However, the adverse effects of chemical dyes on the aquatic environment and some strict government regulations will inhibit the growth of dyes for textile fibers market in the forecast period.

Competition Landscape:

Some of the key players inside the Dyes for Textile Fibers market are Huntsman Corporation, Sumitomo Chemical Co Ltd, Kiri Industries Ltd., Atul Ltd., Lanxess AG, Colorant Limited, Zhejiang Longsheng Group Co., Organic Dyes and Pigments LlC, DowDuPont Inc, Jay Chemical Industries Limited, Avocet Dye Chemical Co Ltd and others.

Segmentation of Dyes for Textile Fibers Market:

According to the type, the dyes for textile fibers market can be divided into disperse dyes, reactive dyes, sulfide dyes, vat dyes, acid dyes and others. The disperse dye segment is expected to achieve the highest revenue share in the forecast period. Due to the increasing demand for polymer based dyes in the automotive, construction and textile industries, the demand in this segment is increasing. According to the application, the dyes for textile fibers market can be divided into polyester fiber, cotton textile, wool and others. Polyester fiber occupies the largest market share in textile dye products. Polyester fiber has high elastic modulus, high resistance to mixed deformation, high wear resistance, negligible creep under low elongation, excellent oxidation resistance and reduction resistance. Due to the excellent properties of polyester fiber, the consumption of polyester based dyes is increasing in various applications, which in turn is expected to promote the growth of dyes for textile fibers market.

Dyes for Textile Fibers Market: Regional Analysis

In terms of geography, the global dyes for textile fibers market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific region dominates the dyes for textile fibers market and is expected to achieve the highest revenue growth rate in the whole forecast period. The main factors promoting the market growth in this region are low labor cost, easy access to raw materials, less strict rules and regulations, population growth and so on. In addition, the large investment and expansion of major market participants have also promoted the growth of the dyes for textile fibers market in the region.

 

Cagr: 2.01%
Largest share area:Asia-Pacific
Largest share country:China