Global Textile Colorant Market

Global Textile Colorant Market Size, Share, Growth Analysis, By Source(Natural, Synthetic), By Type(Zoic Dyes, Direct Dyes), By Application(Clothing, Technical Textiles) - Industry Forecast 2024-2031

Report ID: SQMIG15E2444 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 95 | Figures: 76

Global Textile Colorant Market Regional Insights

In 2020, the Asia Pacific textile colorant market was valued at US$ 4.24 billion. Throughout the projected period, the region is anticipated to have the greatest market share. China is the leading producer of dyes due to the availability of manpower and inexpensive raw materials. In addition, South Asia has a disproportionate share of the global textile production market. According to the National Development and Reform Commission, China's domestic sales of clothing and knitwear for the first 11 months of 2019 were around US$ 172.4 billion, a rise of 3% over the same period last year. Additionally, China's textile and apparel exports reached US$ 291.21 billion in 2020, growing at a pace of 9.5% annually, which increased the need for textile dye in the nation.

The market in North America, on the other hand, is fueled by the presence of top apparel manufacturing companies like GAP, Nike, Calvin Klein, Adidas, Hanes, and Reebok in the country. Additionally, the region's growing interest in sports is driving up demand for technical fabrics. Over the previous few years, the region's obesity rates have been the highest. In order to assist their body motions during training sessions, more customers are turning to sportswear and activewear.

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Textile Colorant Market size was valued at USD 6499.05 million in 2019 and is poised to grow from USD 6850 million in 2023 to USD 10996.54 million by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).

The Global Textile Colorant market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability. 'Huntsman Corporation', 'Archroma Management LLC', 'Kiri Industries Limited', 'DyStar Singapore Pte Ltd.', 'BASF SE', 'Clariant International Ltd.', 'DIC Corporation', 'Yorkshire Group plc', 'Standard Colors Inc.', 'Colourtex Industries Private Limited', 'Synthesia a.s.', 'Zhejiang Longsheng Group Co. Ltd.', 'Runtu Co. Ltd.', 'Bezema AG', 'Sumitomo Chemical Co. Ltd.', 'Jihua Group Corporation Limited', 'Hangzhou Jihua Group Company Limited', 'Colorant Limited', 'Atul Ltd.', 'Colourtex GmbH'

The need for living space has grown as a result of the expanding global population. Many governments have offered housing subsidies for their residents in order to meet this need. Additionally, the lower house loan interest rates have encouraged plenty of individuals to buy and furnish their homes. To decorate and give their homes a distinctive personality, the majority of them hire architects and interior designers.

Natural dyes have traditionally been used to color fabrics. However, when consumer textile manufacturing increased as a result of the industrial revolution, there was an increase in the need for synthetic colorants to dye the vast majority of produced materials. However, there are a number of drawbacks to synthetic colorants, including itchiness, color fading, and a high water requirement for dye production and application.

In 2020, the Asia Pacific textile colorant market was valued at US$ 4.24 billion. Throughout the projected period, the region is anticipated to have the greatest market share. China is the leading producer of dyes due to the availability of manpower and inexpensive raw materials. In addition, South Asia has a disproportionate share of the global textile production market. According to the National Development and Reform Commission, China's domestic sales of clothing and knitwear for the first 11 months of 2019 were around US$ 172.4 billion, a rise of 3% over the same period last year. Additionally, China's textile and apparel exports reached US$ 291.21 billion in 2020, growing at a pace of 9.5% annually, which increased the need for textile dye in the nation.

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