The global textile dyes market size is expected to reach USD 16.08 billion by 2030, according to a new study by Polaris Market Research. The report “Textile Dyes Market Share, Size, Trends, Industry Analysis Report, By Dye Type (Direct, Reactive, Basic, VAT, Disperse, Acid, Others); By Fiber Type (Wool, Polyester, Acrylic, Others); By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Textile dyes are applied to fabrics such as cotton, nylon, wool, silk, and others to obtain the required color. Increasing the production of textiles to meet the growing requirements of customers in the apparel and automotive sectors is anticipated to drive the growth of the industry. Further, rising urbanization and industrialization, along with innovation in products, are leading to an upsurge in the online sector, which is further likely to speed up the industry growth.
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Asia-Pacific accounted for a major share in 2021. An increase in population and urbanization supports the industry growth in the region. The rise in demand for dyes from apparel, home textiles, and industrial textiles has increased their adoption. Strengthening the home décor industry in the region and the availability of raw materials and labor boosts the growth of the industry in the region.
The industry is advancing at a significant pace owing to lifestyle changes of consumers, developments in manufacturing technology, and rapid adoption of fashion trends, especially in emerging nations. Advancements in technologies and manufacturing practices, rising inclination of consumers toward organic and sustainable dyeing solutions, the introduction of new and affordable dyes by leading industry players, and greater use in diverse applications would contribute to the dyes industry growth during the forecast period.
The COVID-19 outbreak hampered the growth of the industry on account of operational challenges and reduced workforce. The supply chain across the market was disrupted due to the closure of markets and limitations on export and import activities. Decrease in demand from the apparel industry and restrictions on manufacturing activities restricted the growth of the industry during the forecast period.
Textile Dyes Market Report Highlights
Polaris Market Research has segmented the textile dyes market report based on dye type, fiber type and region:
Textile Dyes, Dye Type Outlook (Revenue - USD Billion, 2018 - 2030)
Textile Dyes, Fiber Type Outlook (Revenue - USD Billion, 2018 - 2030)
Textile Dyes, Regional Outlook (Revenue - USD Billion, 2018 - 2030)