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Global textile dyestuff market, grow at CAGR of 6.14% by 2026

Global textile dyestuff Market was valued US$ 7.34 Bn in 2017 and expected to reach US$ 6.14 Bn by 2026, at a CAGR of 6.14% during the forecast period, a study by Trends Market Research (TMR) showed.

Global textile dyestuff market
Figure: Textile manufacturers in the world are seeking innovative ways to reduce environmental impact.

Global textile dyestuff market is segmented into dye type, fiber type, type, and region. On the basis of dye type, the market is divided into direct, reactive, vat, basic, acid, disperse, others. Based on fiber type, the market is classified into wool, nylon, cotton, viscose, polyester, acrylic, others.

According to type, the market is segmented into cellulose, protein, and synthetic. Geographically market is divided into North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.

Dyeing improves the aesthetics of the textile product and makes it more attractive. Textile industry trends change speedily and use of dyestuff helps textile manufacturers to meet continuously changing demands of end-users.

Textile manufacturers among the world are seeking innovative ways to reduce environmental impact. Research & development of dyes has resulted in improved ease of handling, safety, hygiene, and accuracy during the application of dyes. These factors are expected to drive the textile dyestuff market during the forecast period.

In terms of region, Asia Pacific accounted for an important share of the global textile dyestuff market in 2017. The market in the Asia Pacific is expected to expand at the maximum CAGR during the forecast period, followed by North America and Europe. In terms of market capitalization, the Asia Pacific and Europe are leading the global market.

Key players operated in textile dyestuff market are Allied Industrial Corp, Ltd., Lanxess, Sumitomo Chemical, Huntsman Corporation, Kiri Industries, BASF SE, E. I. du Pont de Nemours and Company, Bozzetto Group, Archroma International, Dystar Group, Arkema SA , Sudarshan Chemical Industries Limited, Zhejiang Longsheng Group Co., and CHT Group., Kyung-In Synthetic Corporation, Atul Ltd, Synthesia, a.s., Chromatech Incorporated, S.A. Robama, Avocet Dye & Chemical Co. Ltd, Brand & Performance Textile Specialties.

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