Textile Dyes Market 2017 Key Trending Players- Kyung-In Synthetic Corporation (South Korea), Kiri Industries Ltd. (India), Atul Ltd (India)
October 12, 2017 --
Market Research Future (MRFR) recognizes the following companies as the key players in the Global Textile Dyes Market: 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.
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Textile Dyes Market size is expected to grow at USD ~8.75 billion by 2023. The market witnessed a significant growth over the forecasted period owing to growing applications in various fibers such as into cotton, wool, silk, nylon, viscose, and others across various industries.
The major driving factors of textile dyes market is due to growing demand from textile industry. In addition, the increase in consumption of nylon fibers and rising demand from color textile, increasing the growth rate of textile dyes market.
The Global Textile Dyes market has been segmented into type, application and fiber. On the basis of types, the market has been divided into direct dyes, acid dyes, basic dyes, fiber-reactive dyes, vat dyes, mordant dyes, solvent dyes, disperse dyes, and others. Among these types fiber-reactive dyes covers the largest market share due to wide in applicable in wool, silk, nylon, acrylics and their blends as well with the growth rate of 4.4% CAGR. Reactive Dyes react with fiber molecules to form a chemical compound. The second most using dye is direct dye due to highly applicable in wool, silk, nylon, cotton, and rayon etc. These dyes are not very bright and have poor fastness to washing although they are fairly fast to light. Each type of dye has a different procedure to color the fabric, and none of them are as simple as taking the dye, soaking the material, and apply it with water. Instead they have to be apply with chemicals to make the dye react to the fibers. Additionally, some dyes can be used together to make a better solution to color difficult materials such as polyester and rayon.
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On the basis of application Textile Dye Market is segmented into yarn dyeing and garment dyeing. Firstly, the yarn dyeing, which has two different forms i.e. package form and hanks forms. Cotton yarns are mostly dyed at package form, and acrylic or wool yarn are dyed at hank form. In the textile industry, polyester or polyamide yarns are usually dyed at package form, whereas viscose rayon yarns are partially dyed at hank form because of technology. On the other hand garment dyeing is the process of dyeing clothes consequent to manufacturing.
Furthermore, on the basis of fibers Textile Dye Market is segmented into cotton, wool, silk, nylon, viscose, and others (Acrylic, Jute etc.). The growing demand of textile dye from different types of fibers have increased the market for textile dyes which will further have a positive impact during the forecast period.
The Global Textile Dyes Market, by geography, has been segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. In the global textile dyes market, Asia Pacific is expected to witness relatively faster growth rate as compared with other regions. Within Asia Pacific, different type of textile fiber is projected to contribute the faster share growth of revenue in countries such as Japan, China and India. Furthermore, many international textile dye industry are coming up in the region adding to the growth of the sector.
China has become the major textile manufacturer due to this, Textile Dye production has shifted nearer to the fact of consumption which resulted 40-45% of global consumption is in China now. In addition, India is another country of the APAC region which accounted 10% of global consumption of the textile dye market. These two countries are also biggest exporters of Textile Dyes to the rest of the world. They also export large quantities of raw materials and intermediate chemicals for textile dye, which are used by Europe region and other developing countries. On the other hand, disperse dye is the one that has the largest production and export capacity among all textile dyes manufacturer in China.
At present, India adds aapprox 6% share in the global market with a 15% CAGR. The dye markets are mostly led by reactive and disperse dyes. The demand for reactive and disperse dyes is expected to grow in future as these two dyes are dominant in all the regions including APAc, North Americ, Europe, and Middle East. In the Asian region, China, Korea and Taiwan are strong players in disperse dyes, while India leads in the production of Reactive Dyes due to an availability of intermediate vinyl sulphone in the country. The main drivers of this region are annual disposable income, increase applications of textile products.
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North America holds the second position in terms of Global Textile Dye Market due to larger consumption in textile industry, and increased demand for natural dyes including the countries US, Mexico, and Canada.
Furthermore, Europe region holds third position for textile dye market including the countries Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg due to increasing textile industry thorough different fibers such as cotton, wool, silk, nylon, viscose, and others (Acrylic, Jute etc. Textile dye market in Middle East and Africa occupies a relatively smaller pie of the global textile dye market. Within Middle East and Africa counties including UAE, South Africa and Saudi are driving the growth.
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