Global Textile Dyes Market Analysis & Outlook 2030
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Product Code:
RP-ID-10352084 -
Published Date:
21 Oct 2022 -
Region:
Global
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Category:
Chemicals -
Publisher:
Pub-ID-54
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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It is estimated that the compound annual growth rate of the global textile dyes market during the forecast period (2022-2030) will exceed 5%. The market will be adversely affected by COVID-19 in 2020. Taking into account the pandemic, clothing manufacturing activities were temporarily suspended during the governments lockdown to slow the spread of COVID-19 cases, thereby reducing clothing production. For example, according to Eurostat data, between January 2021 and January 2020, clothing production fell by 24.4%, reducing the market demand for textile dyes. However, under the current situation, the demand for household and healthcare textiles has increased significantly.
The reason is that the demand for hospital textiles including bed sheets and pajamas has increased, and people’s preference for homes has increased, stimulating market demand. In the short term, increased demand for textile dyes in the apparel industry is expected to drive market growth. Strict environmental regulations and unfavorable conditions due to the impact of COVID-19 are expected to hinder growth. The Asia-Pacific region is expected to dominate the global market. Countries such as India and China have the highest consumption. It is applied to the fabric coloring of the fiber together.
There are two types of dyes, including natural dyes and synthetic dyes. Natural dyes can be derived from plants, minerals, etc. However, synthetic dyes are prepared in the laboratory. The textile dye market is divided by dye type, fiber type, application and region. According to the type of colorant, the market is divided into active, dispersive, direct, IVA, alkaline, acidic and other types of colorants. According to fiber type, the market is divided into wool, nylon, cotton, polyester, viscose, acrylic and other types of fibers. Based on applications, the market is segmented into clothing, home textiles, industrial fibers, and other applications. The report also covers the market size and forecast of the textile dyes market in 15 countries in the main regions. For each market segment, the market size and forecast are based on revenue (millions of dollars).
Main market trends:
Increasing demand in the apparel segment. Textile dyes are widely used as colorants in the apparel industry and are expected to become the fastest-growing segment in the market during the forecast period. Dyes are used to dye fabrics. Dyes absorb and reflect specific wavelengths of light, giving the human eye a color perception. Dyes impart beauty to the fabric. With the increase in Internet penetration, consumers are now looking for easy purchases, better transactions, and easy return policies. The growth of online sales has driven the growth of the apparel industry. Today, clothing has become a symbol of ambition, personality and status. Consumers have shifted from demand-based clothing to desire-based clothing.
The increased demand for vacuum clothing is expected to drive the textile dye market, but synthetic dyes are harmful to the environment because they are not biodegradable and require large amounts of water in the manufacturing process. Strict environmental regulations are affecting the manufacture of synthetic dyes. In recent years, the global apparel market has grown at a dizzying rate.
Main market trends:
Increasing demand in the apparel segment. Textile dyes are widely used as colorants in the apparel industry and are expected to become the fastest-growing segment in the market during the forecast period. Dyes are used to dye fabrics. Dyes absorb and reflect specific wavelengths of light, giving the human eye a color perception. Dyes impart beauty to the fabric. With the increase in Internet penetration, consumers are now looking for easy purchases, better transactions, and easy return policies. The growth of online sales has driven the growth of the apparel industry. Today, clothing has become a symbol of ambition, personality and status. Consumers have shifted from demand-based clothing to desire-based clothing.
The increased demand for vacuum clothing is expected to drive the textile dye market, but synthetic dyes are harmful to the environment because they are not biodegradable and require large amounts of water in the manufacturing process. Strict environmental regulations are affecting the manufacture of synthetic dyes. In recent years, the global apparel market has grown at a dizzying rate.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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