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Textile Dyes Market Worldwide Share, Size Estimation, Key Vendors, Growth Drivers, Regional and Competitive Landscape Forecast to 2023
May 13, 2019 (MarketersMedia via COMTEX) —
Global Textile Dyes Market Information-by Types, Application (Yarn Dyeing, Garment Dyeing), Fibers (Cotton, Wool, Silk, Nylon, Viscose, and Others) and Region – Forecast till 2023
Textile dying is the process of adding color to textile products such as clothes, cosmetics, papers, among others and is majorly used in the cloth industry on fibers such as wrap yarn for denim products, cotton, silk, nylon, wool, fur, carpet, and polyester fiber, with the use of organic substances.
The Global Textile Market is estimated to show staggering market growth and as per the report published by Market Research Future (MRFR), is assessed to reach a valuation of USD 8.75 billion at a CAGR of 8.13% over the forecast period of 2016 to 2023. Additionally, textile dying is considered to be the most hazardous and environmentally-unfriendly industrial process, due to the amount of emission and was produced, but the rise in mandating policies towards the use of environmentally-friendly products has encouraged innovation in the Textile Dyes industry and improved the market standing of major market players, subsequently contributing to the market share of the Global Textile Dyes Market. The Global Textile Market is also driven by global economic growth, rising industrialization, urbanization, and the constantly changing trends in the fashion industry. The upsurge in the online fashion sector has also impacted the textile dyes industry and is expected to influence market growth over the forecast period.
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Key players of the Global Textile Dyes Market are Kyung-In Synthetic Corporation (South Korea), Kiri Industries Ltd. (India), Atul Ltd (India), Synthesia, a.s. (Europe), Chromatech Incorporated (US), S.A. Robama (Europe), Avocet Dye & Chemical Co. Ltd (UK), Brand & Performance Textile Specialties (Singapore), LANXESS (Europe), Huntsman International LLC (US), and Others.
The Global Textile Dyes Market has been segmented on the basis of types of Textile Dyes, Application, Fiber, and Region.
Based on the Type of Textile Dye, the market has been segmented into the direct dye, acid dye, basic dye, fiber-reactive dye, vat dye, mordant dye, solvent dye, disperse dye, and others. The disperse dye segment is estimated to rise with a comparatively higher CAGR, primarily due to its high usage in several types of fibers such as nylon, polyester, acetate, and triacetate, and is estimated to lead the market share over the forecast period.
Based on Applications, the market has been segmented into yarn dying, and garment dyeing.
Based on fiber, the market has been segmented into cotton, nylon, silk, viscose, and others. The cotton segment is estimated to rise significantly over the forecast period.
Based on the Region the market has been segmented into North & Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia Pacific is the largest market of Textile Dyes owing to the steady rise of industrialization, urbanization, product innovations, and the exponential growth of the online fashion sector where textile dyes are primarily used to add color to clothes. China, India, Taiwan, South Korea are the nations contributing significantly to the market share of Asia Pacific in the Textile Dyes Market, and are estimated to maintain its market share over the forecast period. The low cost of labor and raw material support the market.
North America has the second largest market of Textile Dyes owing to the growing consumption of clothes according to the preferences of the consumers and is estimated to sustain its market standing over the forecast period.
Europe is the third largest regional market for textile dyes, followed by Latin America and the Middle East & Africa, due to steady economic growth, changing trends of consumer preferences and application of Textile Dyes in various types of products.
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Source URL: https://marketersmedia.com/textile-dyes-market-worldwide-share-size-estimation-key-vendors-growth-drivers-regional-and-competitive-landscape-forecast-to-2023/511797
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