Market Analysis & Forecasts

2022-11-10

Global Textile Dyes Market Report to 2027 - Renewed interest in low-voc and eco-friendly products presents opportunities

The "Textile Dyes Market by Dye Type (Direct, Reactive, VAT, Basic, Acid, Disperse), Type (Cellulose, Protein, Synthetic), Fiber Type (Wool, Nylon, Cotton, Viscose, Polyester, Acrylic) and Region (APAC, North America, Europe) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global textile dyes market size was USD 11.1 billion in 2022 and is projected to reach USD 14.0 billion by 2027, at a CAGR of 4.6%, between 2022 and 2027.

The driving factors for this market are increased demand in the garment industry, Increasing demand for dyes for cellulose fiber, etc.

The reactive dye segment is estimated to grow at the highest CAGR during the forecast period.

Reactive dyes are the most technically advanced segment in the dyeing industry. Reactive dyes have had consistent growth. These dyes reduce water consumption and hence are better for the environment. Common fabrics for this type of dye include rayon, cotton, and some nylons. The major drivers for the segment are better environmental performance, low cost, and improved technical properties such as good wash-fastness and a wide range of color compatibility.

Viscose is expected to grow at the highest CAGR during the forecast period.

The highest growing segment is viscose during the forecast period. Viscose is lightweight and has a sinny finish and soft feel. The demand for viscose is high in the fast fashion industry. The highest demand for viscose is from Asia Pacific Region.

APAC is estimated to be the largest as well as the fastest-growing textile dye market.

Asia Pacific is the biggest market and has the highest CAGR rate in the forecast period. The region is a production hub for the fast fashion industry. Leading players in the region are Atul Ltd. (India) and Kiri industries (India) and many more. The Asia Pacific has comparatively less stringent laws and regulations around textile dyes and has the availability of cheap labor.

Market Dynamics

Drivers

Low Cost of Manufacturing in Asia-Pacific Countries

High Demand for Textile Dyes in Asia-Pacific

Rising Demand in Growing Textiles & Apparel Industry

Increasing Trend Towards Better Home Furnishing and Aesthetics

Restraints

Stringent Environmental Regulations Regarding Disposal of Textile Effluents

Unstable Geopolitical Situations

Opportunities

Renewed Interest in Low-Voc and Eco-Friendly Products

Growing Adoption of Biodegradable Materials for Textile Manufacturing