Textile Dyestuff Market Revenue, Opportunity, Forecast and Value Chain 2015-2025
The demand within the global textile dyestuff market is rising at the back of advancements in the clothing industry. The need for dying garments and apparels is amongst the leading drivers of market demand. Furthermore, textile dying holds tremendous significance for the chemical industry as it helps in analysis of dye properties. Textile manufacturers are required to cater to the needs of a heterogeneous mix of consumers. This factor, coupled with availability of improved dying technologies, has played a vital role in market growth.
The problem of sustainability and waste management
is a matter of concern within the textile industry. The growing contribution of
textile manufacturers to water pollution has been questioned by
environmentalists. This factor could hamper the growth of the global textile
dyestuff market in the years to follow. However, a research conducted at the
Texas Tech University offers hope for market vendors. Researchers from the
University have developed a method to separate toxic dyes from wastewater.
Hence, the global textile dyestuff market is expected to earn sustainable
revenues at the back of improvements in waste management technologies.
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Chemical engineering has transcended as a lucrative
area of growth for regional territories. The importance of textile dying in
this sector has generated fresh revenues within the market. Furthermore,
University graduates and research scholars have shown tremendous interest in
the field of textile manufacturing and dying. This factor has also played to
the advantage of the vendors operating in the global textile dyestuff market.
Dearth of trained engineers across textile manufacturing units has narrowed
down, and this is a positive sign for the market players.
Transparency Market Research (TMR) finds that the
global textile dyestuff market would expand at a moderate CAGR of 5% over the
period between 2018 and 2026. Furthermore, the total value of the global
textile dyestuff market stood at US$ 5 bn in 2017, and this figure to expected
to increase. The growth of the global textile dyestuff market largely relies on
advancements in the clothing and apparel industry.
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Popularity of Plant-Based Dyes to
Drive Market Demand
The demand for designer clothing is on a rise in
recent times. Fashion trends dominate the lifestyles of people, and this factor
has closely impacted the growth of the global textile dyestuff market.
Furthermore, as textile manufacturers embrace green manufacturing procedures,
investors have shown more confidence in the textile dyestuff industry.
Henceforth, the global textile dyestuff market is projected to grow at a
stellar pace in the years to follow.
Plant-based textiles have captured the attention of
the consumers in recent times. Furthermore, concerns related to
biodegradability of textile dyestuff has also led to increased adoption of
plant-based materials. Buffy, a New York-based bedding company has launched
natural dyes made out of plants. The company used fruits and spices to colour
the bedsheets. This development is expected to drive demand within the global
textile dyestuff market.
Efficiency of Textile
Manufacturers in Waste Management
The global textile dyestuff market is slated to
ride along a lucrative growth path. Textile manufacturers have made earnest
efforts to improve their waste management procedures. This factor is expected
to generate huge-scale revenues within the global textile dyestuff market.
Moreover, the need for dye testing has also created a large playfield of
opportunities for the market vendors.
Some of the leading vendors in the global textile
dyestuff market are BASF SE, Archroma International, Huntsman International
LLC., Bozzetto Group, Lanxess AG, and Dystar Group.
The review is based on TMR’s report titled, “Textile
Dyestuff Market (Type - Acid Dye, Disperse Dye, Reactive Dye, Vat Dye, Azo Dye,
Sulfur Dye; Raw Material - Benzene, Toluene, Naphthalene, Anthaquinone;
Application - Apparels, Home and Institutional, Technical Textiles) - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”.
This is very important article who are involved with this sector. Bangladesh has big opportunity for textile Dyes and chemicals. because textile sector is the mother revenue earned sector for Bangladesh. We are also Textile chemicals importer company in Bangladesh
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