FMI has estimated the global textile colorant market to reach a value of USD 6,850.0 million in 2022. Sales prospects of textile colorant is expected to witness healthy CAGR of magnitude 5.4% and are expected to top a valuation of USD 11,590.4 million by 2032. Rising demand for clothes along with increase in disposable income across the world is expected to boost demand in the global textile colourant market during the forecast period
| Attribute | Details |
|---|---|
| Textile Colorant Sales (2021A) | USD 6,523.8 million |
| Textile Colorant Demand (2022E) | USD 6,850.0 million |
| Textile Colorant Market Projections (2032F) | USD 11,590.4 million |
| Value CAGR (2022 to 2032) | 5.4% |
| Collective Value Share: Top 3 Countries (2022E) | 51.7% |
Increase in the demand for fashion textiles and home decors are key growth driving factors for textile colorants. East Asia region to remain prominent region for the production & consumption of textile colorant and the region is expected to account for about 48% of the global textile production. Countries like India & ASEAN from South Asia also occupy a remarkable share in the global market. Demand for textile colorant is expected to account for around 9 to 11% of the global colourants consumption.
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The market of textile colorant is anticipated to witness a CAGR of 5.0% over the historical period of 2017 and 2021. Further as per the current estimates, forecast growth outlook to remain around 5.4% for the period of 2022 and 2032. Rise in the growth projections is attributed to growth in textile industry and recovery from the pandemic crisis.
The market is expected to witness a higher growth outlook owing to significant growth in the apparel industry, automotive industry, and fashion decor industry. Higher growth prospects of the market if further accelerated owing to the growth in the e-commerce business, which has alter the trend for supply chain.
Despite positive prospects, there remains certain likely challenges for the market including restrictions in the use of synthetic dyes, increase in the pricing of raw materials, growing geo-political tensions and others.
Technical textiles are special textile qualities made up of specific chemicals and physical properties and designed for specific end uses. These textiles are used in healthcare, sports, engineering and consumer goods industries for specific purpose such as, raincoats and body warmers. Demand for these textiles is increasing due to changing consumer preferences, customization options, and perceived effectiveness of these products.
Geotextiles, a type of technical textile used in geotechnical applications, are gaining a great deal of attention due to growing environmental concerns. This factor is expected to bolster the demand for geotechnical textiles.
Further, neon dyes used in athletic apparel provide highly reflective properties, supporting safety measures for athletes competing in cross-country and marathon events. Due to these properties, the demand for dyes for the production of technical textiles are constantly increasing.
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A key factor inhibiting the growth of the textile dyes market is low sustainability of these products. More than 1,000 liters of water is required to produce 1 kg of dye. In addition, dyeing process consumes a significant amount of water, which results in degradation of the environment. Also, during the dyeing process, a large amount of dye is mixed into the wastewater, cause pooluting natural water resources.
These factors are associated with the hazard generation impacting environmemnt as well as the ecosystem. Environmental authorties and regional government strictly regulate the wastes from dyeing industries and also impose restrictions on the use of hazardous chemicals during the manufacturing processes. This remains a key challenge for the industry of textile colourants. However, developing natural dyes and promoting biodegradable materials can benefit the market to expand inspite of these regulations.
The ongoing conflict between Russia and Ukraine had impacted the global economy to a certain extent in the first quarter of 2022. Decrease in the supply of crude oil and gas owing to several sanctions imposed to Russia results in higher price of the oil and the derivatives manufactured. This has resulted in price hike of textile & dyes as well. The growth outlook of the market is further expected to witness a negative outook in Europe during the same period.
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China is the world’s largest producer of dyes and expected to remain one of the prominent producer of textile colorants all over the globe owing to substantial growth in manufacturing industry. China is expected to witness a growth rate of about 5.8% over the period of 2022 and 2032.
In 2020, China alone accounts for around 35% among the global textile exports and is expected to lead the market over the forecast period. Substantial development in apparels & household textile sector in the country along with urbanization has resulted in the significant growth of the market in the past several years.
India is expected to remain one of the fastest growing market for the production of textile colorants all over the globe. Significant development in the textile sector along with growing demography of the country are influencing the market growth. Growing automotive business is also bolstering the market size.
With increase in population and spending capacity of the people in India, the demand for apparels and household textiles has seen a tremendous growth in past few years. This leads to the increase in production of textile dyes and investments in developing high quality sustainable colorants. Further enhancement in the economic condition along with growing automotive production and development in the construction sector is expected to propel the demand for textile colorants in the coming years.
Among the different dye types of textile colorants, reactive dye segment is expected to drive the demand in near future. These dyes form an bonds with the material's fibers and therefore, provide excellent fastness. Since these dyes may form bonding also with the water, the dyeing process is specifically carried out in solvents instead of water. This not only saves the wastage of water but also reduce the environmental impacts.
In 2020, Liquid Form held the largest market share in textile dyes. Textile dyes impart color to textile materials, usually with a high degree of permanence, as a result of chemical bonding or physical entrapment within or around the fiber strands. Liquid precursors are incorporated into textile materials to generate dyes in situ within the garment.
Both dyes and pigments are used for dyeing fabrics. The first compounds can be detected in solution at any point of application, whereas the latter dyes are insoluble in both the textile material and the substrate to which they are applied.
Apparel was the leading market for textile dyes in 2021, growing at a CAGR of 6.4%. Factors such as the unpredictable evolution of fashion and short product life cycles have improved the apparel category. Due to rising living standards and demand for well-equipped apartments, it is used in interior design.
In the global apparel industry, women's apparel occupies a major share of about 30%, and men's apparel will continue to grow in 2020. 20% of him. Garment dyes, which are used for dyeing threads, fabrics and clothing, consist of dyes and pigments. Such colorants are added either by dyeing or printing.
Digital printing could make up his 10% of the total textile printing market by the beginning of the next decade. Innovations in printing and dyeing technology have led to many developments in the field of textile dyes, including shortening processing times, reducing batch sizes, reducing production costs, and improving production efficiency.
The above PR image indicates the growth of textile colorant market in the forecast period of 2022 to 2032. The image also shows the market share of textile colorants occupied by the key countries. China is way ahead in the race leading the textile colorants market since their industrial revolution, followed by India, USA and Vietnam. Countries in South Asia and Pacific region are competing with each other to grab growing market opportunities across the globe.
The market is diversified with the presence of large number of players collectively providing over 10,000 varients of textile colorants. Leading players in the market of textile colorants are focusing on product innovations and partnerships with other market players to increase their portfolio & consumer base. Further the expansion strategy includes capacity expansions, geographical expansions in the emerging economies to bolster the stronghold in the market. Key players are also investing research and innovations for product development and also introduction of sustainable products to minimize the carbon footprint.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, BENELUX, Russia, China, Japan, South Korea, India, ASEAN, ANZ, GCC Countries, Turkey, Northern Africa, South Africa |
| Key Segments Covered | Produt Type, Application, Dye Type, Fibre Type, and Region |
| Key Companies Profiled | Huntsman Corporation; LANXESS AG; KRONOS Worldwide, Inc.; Kiri Industries Ltd.; Atul Ltd.; Allied Industrial Corp. Ltd.; Archroma Management LLC; DyStar Group; Standard Colors, Inc.; Dye Systems, Inc.; DuPont; BASF SE; Jay Chemical Industries Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available Upon Request |
The global market of textile colorants is estimated to reach a valuation of USD 6,850.0 Million in 2022.
The textile colorants demand is anticipated to witness a growth rate of 5.4% over the forecast period of 2022 and 2032 in terms of value.
Apparels, Household, and automotive are the key applications of textile colorants, together these applications consume about three-fourths of the global textile colorants consumption.
According to FMI analysis, BASF SE, Huntsman Corporation, Kronos Worldwide, LANXESS AG and others are identified as the key manufacturers in the textile colorants market.
Key players in the global textile colorants market are expected to account for about 45 - 50% of the overall market share.
The top countries driving the global textile colorants demand are China, India, USA, and ASEAN.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Textile Colorant Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 6. Global Textile Colorant Market - Pricing Analysis 7. Global Textile Colorant Market Demand (in Value or Size in USD million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 8. Market Background 9. Global Textile Colorant Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Product Form 9.1. Powder 9.2. Granules 9.3. Paste 9.4. Liquid 10. Global Textile Colorant Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application 10.1. Apparel 10.2. Household 10.3. Technical Textiles 10.4. Automotive 10.5. Accessories 11. Global Textile Colorant Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Dye Type 11.1. Reactive Dye 11.2. Acid Dye 11.3. Direct Dye 11.4. Disperse Dye 11.5. Basic Dye 12. Global Textile Colorant Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Fibre Type 12.1. Wool 12.2. Nylon 12.3. Cotton 12.4. Polyester 12.5. Acrylic 12.6. Acetate 12.7. Rayon 13. Global Textile Colorant Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 13.1. North America 13.2. Latin America 13.3. Europe 13.4. East Asia 13.5. South Asia and Pacific 13.6. Middle East and Africa 14. North America Textile Colorant Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15. Latin America Textile Colorant Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16. Europe Textile Colorant Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17. East Asia Textile Colorant Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18. South Asia and Pacific Textile Colorant Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. Middle East and Africa Textile Colorant Market Analysis 2017 to 2021 and Forecast 2022 to 2032 20. Country wise Textile Colorant Market Analysis 21. Market Structure Analysis 22. Competition Analysis 22.1. Huntsman Corporation 22.2. LANXESS AG 22.3. KRONOS Worldwide, Inc. 22.4. Kiri Industries Ltd. 22.5. Atul Ltd. 22.6. Allied Industrial Corp. Ltd. 22.7. Archroma Management LLC 22.8. DyStar Group 22.9. Standard Colors, Inc. 22.10. Dye Systems, Inc. 22.11. DuPont 22.12. BASF SE 22.13. Jay Chemical Industries Ltd. 23. Assumptions and Acronyms Used 24. Research Methodology
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Textile Colorant Market
