Newly-released Textile Colors Market analysis report by Future Market Insights shows that global sales of Textile Colors Market in 2021 was held at USD 5.8 Billion. With 6.2%, the projected market growth during 2022 to 2032 is expected to be significantly higher than the historical growth.
Direct Dye is expected to be the highest revenue-generating segment, projected to grow at a CAGR of over 6.2% during 2022 to 2032.
| Attributes | Details |
|---|---|
| Textile Colors Market CAGR (2022 to 2032) | 6.2% |
| Textile Colors Market Size (2022) | USD 6.1 Billion |
| Textile Colors Market Size (2032) | USD 11.1 Billion |
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As per the Textile Colors Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2015 to 2021, the value of the Textile Colors Market increased at around 5.6% CAGR.
The Textile Colors business is growing as a result of consumer demand for textiles in a variety of applications. Furthermore, cheaper raw ingredients and labor have been fuelling the spread of Textile Colors. The increased environmental pollution due to toxic dye chemicals such as arsenic, lead, and heavy metals has had a significant impact on the market revenue in the recent past.
Furthermore, the market expansion is hampered by the enactment of various health and environmental limitations on the use of Textile Colors.
Furthermore, textile dyeing operations need a significant volume of water as a solvent, resulting in water waste, which is a limitation due to water scarcity. The development of innovative strategies for reducing water waste is likely to offer a significant growth opportunity.
Textile Colors are extensively used as colorants in the garment industry and are expected to be the market's fastest-growing category during the forecast period. Dyes absorb and reflect light at certain wavelengths, allowing the human eyes to see colors. Besides, they also improve the visual appeal of the materials.
The demand for aspirational clothes has increased in the recent past, which is expected to strengthen the Textile Colors market in the forthcoming years. On the other hand, synthetic dyes are harmful to the environment since they are not biodegradable and need a large amount of water to manufacture. Environmental laws influence the manufacture of synthetic colors due to their large carbon and water footprint.
The global clothing market has risen at an astonishing pace in recent years. It is projected that the garment business will generate USD 445 Billion in revenue in 2022, up from USD 343 Billion in 2019.
Furthermore, market revenue is expected to reach USD 681 Billion in 2025, growing at a 7.3% CAGR from 2021 to 2025. As a consequence, the aforementioned elements are expected to have a significant impact on the textile dye business in the forthcoming years.
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The need for organic dyes for environment-friendly textiles and apparel is propelling the growth of the Textile Colors industry. Companies are increasing their investment in research and development to produce more environmentally friendly dyes as environmental concerns about the usage of synthetic dyes rise.
Plant-based dyes are environmentally friendly since they generate no waste, have increased UV absorption in the fabrics they are used on and are long-lasting. The consequence is that large textile manufacturers are incorporating them into their production processes. Moreover, since natural colors use less water, they contribute to less pollution.
During the projection, the Asia-Pacific is anticipated to lead the Textile Colors market due to rising demand from India and China. Together, China and India account for over 40% of the world's populace. The growing population will boost garment consumption, which will improve the textile industry's revenue during the forecast period.
According to the National Development and Reform Commission, domestic sales in China amounted to over USD 171 Billion during the past 11 months of 2019, an increase of roughly 3% from the previous year.
Additionally, with an annual increase of 9.5%, textile and apparel exports of China were valued at roughly USD 291.2 Billion in 2020, boosting the textile dye demand in the country.
Based on the findings of Ministry of Textiles of India, the Textile Industry in India generated more than USD 148 Million n in income in FY2019, representing a 3% increase over the previous year, which raised the demand for Textile Colors market.
According to the Japan Statistics Bureau, the sales value of textile wholesale in Japan in 2019 was USD 27 Billion, with a reduced rate of around 3.5%. As a result of these factors, the linen dye market is predicted to significantly degrade in the following years.
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The Textile Colors market in the United States is predicted to be worth USD 3.7 Million by the year 2032. North Carolina is the heart of the cotton and textile industry in the United States.
The state is also making use of dyeing technologies that reduce water consumption by 90%, energy consumption by 75%, and the use of auxiliary chemicals by 90%. With this, the Textile Colors market in the country is expected to rejuvenate in the forthcoming years.
The direct Dye Type segment is forecasted to grow at the highest CAGR of over 6.5% during 2022 to 2032. The key growth driver for this market is the wide range of applications available in cotton, linen, rayon, and other cellulose fibers.
Direct dyes provide several benefits over conventional reactive dyed hues, including higher lightfastness, simplicity of application, a shorter dye cycle (about 3 hours for package dyeing), and a lower total cost of the dyes and auxiliaries employed.
Because of their smooth and lightweight texture, viscose fibers are increasingly being used in textile manufacturing. They are made from softwood-derived cellulose. Future Market Insights anticipates that demand for Textile Colors for this fabric will grow at a CAGR of about 6% during the projected period.
Polyester Textile Colors, on the other hand, are predicted to rise rapidly, rising at a CAGR of roughly 7% between 2022 and 2032. This is owing to the widespread use of polyester fibers, which have high strength, higher flexibility, and weather resistance.
Leading textile dye manufacturers use a variety of expansion tactics, ranging from new product releases to full or partial mergers and acquisitions, partnerships, and capacity expansion.
Dow, BASF SE, Huntsman International LLC., Evonik Industries AG, Ineos Group AG, LANXESS, SABIC, Exxon Mobil Corporation, Kronos Incorporated., Kiri Industries Ltd, Archroma, ALLIED INDUSTRIAL CORP., LTD, Organic Dyes and Pigments, Sumitomo Chemical Co., Ltd., Dayglo Color Corporation, Anand International, SAMCO, and VASU CHEMICALS LLP are some of the key players operational in the Textile Colors market.
Some of the recent developments of key Textile Colors providers are as follows:
Similarly, recent developments related to companies’ Textile Colors services have been tracked by the team at Future Market Insights, which are available in the full report.
| Attributes | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2015 to 2021 |
| Market Analysis | USD Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, China, Japan, South Korea, India, Australia, South Africa, Saudi Arabia, UAE, and Israel. |
| Key Market Segments Covered | Component, Type, Delivery Mode, Application, Region |
| Key Companies Profiled | Huntsman Corporation; Kiri Industries Ltd.; Atul Ltd.; LANXESS AG; Zhejiang Longsheng Group Co. Ltd.; Zhejiang Runtu Co. Ltd.; Jihua Group; Archroma Management LLC; Colorant Limited; JAY Chemicals Industries Limited; Jiangsu Yabang Dyestuff Co. Ltd.; Shanghai Anoky Group Co. Ltd.; Shandong Qing Shun Chemical Co. Ltd.; Jiangsu Zhijiang Chemical Co. Ltd. |
| Pricing | Available upon Request |
The global Textile Colors Market is worth more than USD 6.1 Billion at present.
The value of the Textile Colors Market is projected to increase at a CAGR of around 6.2% during 2022 to 2032.
The value of the Textile Colors Market increased at a CAGR of around 5.6% during 2015 to 2021.
The textile dye manufacturers’ efforts toward producing environmentally-friendly fabric are one of the prominent trends observed.
The market of Textile Colors Market in China is projected to expand at a CAGR of around 7.3% during 2022 to 2032.
While the market in South Korea is expected to grow at nearly 7%, the market in Japan is projected to register a CAGR of nearly 7.3% during 2022 to 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Textile Colors Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Textile Colors Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Dye Type 5.1. Disperse 5.2. Reactive 5.3. Direct 5.4. Acid 5.5. Vat 5.6. Basic 5.7. Other Dye Types 6. Global Textile Colors Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Fiber Type 6.1. Cotton 6.2. Viscose 6.3. Wool 6.4. Nylon 6.5. Polyester 6.6. Acrylic 6.7. Other Fiber Types 7. Global Textile Colors Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Textile Colors Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Textile Colors Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Textile Colors Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Textile Colors Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Textile Colors Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Textile Colors Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Anand International 15.2. Archroma 15.3. Atul Ltd. 15.4. Big Sunshine International Co. Ltd. 15.5. Colorant Limited 15.6. Day Glo Color Corp. 15.7. Dev Colours 15.8. FUJIFILM Holdings America Corporation 15.9. Huntsman International LLC. 15.10. Jay Chemical Industries Private Limited 15.11. Kiri Industries Limited 15.12. DyStar Singapore Pte. Ltd 15.13. LANXESS AG 15.14. Organic Dyes and Pigments LLC 16. Assumptions & Acronyms Used 17. Research Methodology
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Textile Colors Market
