Surge in Clothing Demand Drives Global Textile Colorant Market to USD 11.6 Billion by 2032

Textile Colorants Market Demand
Textile Colorants Market Demand

 

The global textile colorant market is poised for robust growth, with a projected compound annual growth rate (CAGR) of 5.4%, reaching a valuation of approximately USD 11,590.4 million by 2032. This upward trajectory is driven by a surge in global clothing demand and rising disposable incomes worldwide, which are collectively fueling the need for diverse and high-quality textile colorants. As consumers increasingly seek vibrant and durable colors in their apparel, the textile colorant industry is set to experience a significant boost, reflecting broader trends in fashion and lifestyle.

The growth in the market is attributed to the rising demand for clothes along with an increase in disposable income across the world is expected to boost demand in the global textile colorant market during the forecast period.

Growth in the demand for fashion textiles and home decor are prominent growth driving factors for textile colorants. East Asia region is expected to remain the dominant region for the production & consumption of textile colorants and the region is expected to account for about 48% of global textile production.

Various countries like India & ASEAN from South Asia also account for a remarkable share of the global market. Demand for textile colorants is expected to account for around 9 to 11% of the global colorants’ consumption.

According to the analysis of Future Market Insights, the global market if textile colorants market’s historical analysis witnessed growth at a CAGR of 5.0% from 2017 to 2021.

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In addition to that, as per the current estimations, the forecast growth outlook revolves around 5.4% CAGR over the current projection ranging from 2022 to 2032. The growth of the market is attributed to the rise in the projections in the textile industry and recovery from the pandemic crisis.

Key Takeaways

  • Technical textiles are known as special textile qualities made up of particular chemicals and physical properties that are designed for specific end uses. These types of textiles are utilized in healthcare, sports, engineering, and consumer goods industries for specific purposes such as raincoats and body warmers. Demand for these textiles is surging owing to the changing consumer preferences, customization options, and perceived effectiveness of these products.
  • Geotextiles known as a type of technical textile utilized in geotechnical applications are gaining rapid traction over the assessment period owing to growing environmental concerns. This factor is expected to bolster the demand for geotechnical textiles.
  • In addition to that, neon dyes utilized in athletic apparel offer highly reflective properties, supporting safety measures for athletes competing in cross-country and marathon events. Owing to such numerous properties, the demand for dyes for the production of technical textiles is constantly increasing.
  • One of the prominent factors inhibiting the growth of the textile dye market is its low sustainability. It has been estimated that more than 1,000 liters of water are required to produce 1 kg of dye. In addition, the dyeing process consumes a significant amount of water, which results in the degradation of the environment. Furthermore, throughout the dyeing process, a large amount of dye is combined into the wastewater, causing pollution of natural water resources.
  • Several prominent environmental authorities and regional governments have strictly regulated the wastes from dyeing industries and imposed restrictions on the use of hazardous chemicals during the manufacturing processes. The surging development of natural dyes and the promotion of biodegradable materials can benefit the market to expand in spite of these regulations.

Competitive Landscape

The market is fragmented and diversified with the presence of major company players offering over 10,000 variants of textile colorants. Prominent market players in textile colorants are concentrating on product innovations and partnerships with other market players to increase their portfolio & consumer base.

In addition to that, the rapid expansion of strategy incorporates expansions, and geographical expansions in the emerging economies to bolster the stronghold in the market. Dominant market players are investing in research and innovations for product development along with introducing sustainable products to minimize the carbon footprint.

Textile Colorant Market Top Players

  • 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.

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Textile Colorant Market Segmentation

By Product Form:

  • Powder
  • Granules
  • Paste
  • Liquid

By Application:

  • Apparel
  • Household
  • Technical Textiles
  • Automotive
  • Accessories

By Dye Type:

  • Reactive Dye
  • Acid Dye
  • Direct Dye
  • Disperse Dye
  • Basic Dye

By Fibre Type:

  • Wool
  • Nylon
  • Cotton
  • Polyester
  • Acrylic
  • Acetate
  • Rayon

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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