Textile Dyes Market
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The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is estimated to gain revenues worth USD 10.9 billion with a CAGR of 5.9 % by the year 2025.
The various chemicals and dyes used in the making of textiles have increased considerably as the demand for clothes has increased substantially. The rise in the per capita levels around the world has prompted the development of the market as consumers have increased purchasing power. Moreover, the rising level of investment and attention devoted to research and development is expected to transform the market over the forecast period.
Segmental Analysis
The segmentation of the global textile dyes market is carried out on the basis of fibers, application, types, and region. On the basis of types, the textile dyes market is segmented into acid dyes, direct dyes, basic dyes, vat dyes, fiber-reactive dyes, mordant dyes, disperse dyes¸ solvent dyes, and others. The segmentation based on application of the textile dyes consists of garment dyeing and yarn dyeing. By fiber, the market segmented into wool, cotton, silk, viscose, nylon, and others. On the basis of region, the market is segmented into Europe, North America, Latin America, APAC, Middle East & Africa.
Detailed Regional Analysis
The Asia Pacific region is the foremost market for textile dyes owing to the rise in urban households, novel applications of textile products and speedy development in the online fashion market. Taiwan, India, and South Korea have contributed towards making the Asia Pacific region the major consumer of the textile dyes market globally followed by the growing demand in the consumption of textile dyes in the North American region as well. Moreover, the third major market of textile dyes is Europe followed by Latin America and the Middle East owing to many applications in different type of fibers such as wool, silk, cotton, viscose, nylon, and others.
Competitive Analysis
The gaps in the market are filled due to the implementation of increasing supply chain strategies. The development patterns are modified in tandem to the customer preferences to achieve maximum growth, and in the long run, profitability. The enhancement in the products and services is the chief factor escalating the market's productivity and controlling the trends that are acquiring distinction in the market. The essential success factors and players’ likings are dependably growing by the strategies being used by market contenders. The development of the market is based on the drivers that are radically altering the market backdrop.
The noteworthy players in the market for textile dyes are Kiri Industries Ltd. (India), Atul Ltd (India), Synthesia, a.s. (Europe), Chromatech Incorporated (US), Kyung-In Synthetic Corporation (South Korea), Avocet Dye & Chemical Co. Ltd (UK), Brand & Performance Textile Specialties (Singapore), S.A. Robama (Europe), Lanxess (Europe), Huntsman International LLC (US), and Others.
Industry Updates:
June 2021 Biomolecular chemists recently conducted an experiment in which they injected DNA into a kind of bacterium, Corynebacterium glutamicum, that already makes the building blocks of the blue dye, indigoidine. The exact segment of DNA, a “blue-pigment indigoidine synthetase” genetic factor, permitted the bacteria to put those building blocks as one. The bacteria formed large quantities of the dye, which the researchers then used to dye white cotton.
June 2021 Green Theme Technologies (GTT), an American front-runner in producing sustainable solutions for the textile and fashion businesses, has declared that it has produced USD 3.5 million at the primary close of series B financing. Funds created will be applied to grow GTT's sustainable and performance-driven platform technologies, employ new workers, and support licensing associates. The business will use the series B funding to additionally develop and commercialize their platform technologies, including a durable water repellent (DWR) appearance and our water-free dye (WFD) product.
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