Future Market Insights Unveils Textile Colors Market Analysis: Projected Growth of 6.2% to Reach USD 11.1 Billion by 2032

Textile Colors

The global textile colors market demand was valued at USD 5.8 Billion in 2021 and is expected to reach a valuation of USD 11.1 Billion by 2032, expanding at a CAGR of 6.2% between 2022 and 2032. According to Future Market Insights, a market research and competitive intelligence provider, the global consumption of textile colors experienced significant growth over a five- to six-percentage-point increase in the last five years. Textile Colors are dyes that are used to produce various textiles such as fabrics, yarns, and fibers. This specific dye may be found as a liquid solution, dry powder, or solid chunk.

One of the principal factors driving the growth of the Textile Colors market is increasing innovation in the Textile Colors sector. Furthermore, demand for vibrant fabrics and fibers, significant R&D expenditures in plant-based dyes, increased demand for Textile Colors in the Asia-Pacific region, and lower costs in production are likely to drive this sector forward.

However, over-capacity in the marketplace for Textile Colors and fluctuations in the prices of raw materials restrict the market of Textile Colors, while, stringent environmental regulations and leftover by-products of the production process are non-biodegradable and significantly hinder market expansion.

The dye may be produced as semi-continuous,, or batch processes. Textile Colors are commonly employed in a variety of industries, including the creation of material to arrange garments and loose fibers through yarn.

Key Takeaways from the Market Study

  • Textile Colors Market was valued at USD 5.8 Billion in 2021. According to Future Market Insights, Textile Colors market revenue would increase 1.8X between 2022 and 2032, reaching roughly USD 11.1 Billion in 2032.
  • In terms of Dye Type, the Direct Dye is projected to account for the highest projected CAGR of over 6.5%.
  • In terms of Fiber Types of Textile Colors, revenue through the Polyester category is expected to be the highest. Revenue growth through this category is projected to witness a CAGR of 4.5% during the historical period.
  • The USA remains the dominant region in the Textile Colors Market with an absolute dollar growth opportunity of over USD 1.8 Billion.

Winning Strategy

Water is used extensively in the dyeing and bleaching of textiles. As the water level drops with each passing day, it is becoming increasingly important to develop dying processes and methods that use less water. The need for organically derived eco-friendly dyes is expected to increase in the near future. This is due to the fact that consumer awareness has risen. Producers are also making it a point to supply less harmful products as part of their corporate social responsibility.

Competitive Environment

Leading textile dye manufacturers use a variety of expansion tactics, ranging from new product releases to full or partial mergers and acquisitions, partnerships, and capacity expansion.

Some of the key players operational in the Textile Colors market are

  • Huntsman Corporation
  • Kiri Industries Ltd.
  • Atul Ltd.
  • LANXESS AG
  • Zhejiang Longsheng Group Co. Ltd.
  • Zhejiang Runtu Co. Ltd.
  • Jihua Group
  • Archroma Management LLC
  • Colorant Limited
  • JAY Chemicals Industries Limited
  • Jiangsu Yabang Dyestuff Co. Ltd.
  • Shanghai Anoky Group Co. Ltd.
  • Shandong Qing Shun Chemical Co. Ltd.
  • Jiangsu Zhijiang Chemical Co. Ltd.

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Some of the recent developments of key Textile Colors providers are as follows:

  • In June 2021, Archroma’s Polyester Library introduced the Color Atlas in with 1,440 hues for sportswear, athleisure, swimwear, children’s clothes, shoes, fashion, and home textiles. The atlas enables experts to rapidly create the palettes they want.
  • In July 2020, Sun Chemical purchased the ink business of Sensient Technologies Corporation, thus expanding the former’s product portfolio for textile and dye sublimation printing.

Future Market Insight’s Domain Knowledge in Chemicals and Materials Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials domain team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

Market Segments Covered in Textile Colors Market Analysis

By Dye Type:

  • Disperse
  • Reactive
  • Direct
  • Acid
  • Vat
  • Basic

By Fiber Type:

  • Cotton
  • Viscose
  • Wool
  • Nylon
  • Polyester
  • Acrylic

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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