The textile industry plays a significant role in the global economy, with textiles being an essential part of our daily lives. One crucial aspect of textiles is their vibrant and appealing colors, which are achieved through the use of textile colorants. Textile colorants are substances that impart color to fabrics, making them visually appealing and versatile. The Textile Colorant Market has experienced remarkable growth in recent years, driven by advancements in technology, increasing consumer demand for aesthetically pleasing textiles, and the rising popularity of sustainable and eco-friendly colorants.
The textile colorant market encompasses a wide range of colorants, including dyes, pigments, and specialty chemicals. Dyes are the most commonly used colorants in the textile industry, accounting for a significant market share. Dyes are soluble substances that chemically bind to fibers, resulting in excellent color fastness and durability. Pigments, on the other hand, are insoluble particles that adhere to the surface of the textile fibers, providing vibrant colors but with relatively lower fastness properties.
The Future Market Insights is anticipated to register a healthy CAGR of a magnitude of 5.4% over the projection period from 2022 to 2032. The global textile colorant market is expected to reach a valuation of US$ 6,850.0 Million in 2022 and is predicted to surpass a valuation of US$ 11,590.4 Million by 2032.
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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.
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.
Key Companies Profiled: –
- 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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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