Textile Colorant Market
Growth Factors of Textile Colorant Market
The textile colorant market size was valued at USD 10.21 billion in 2023, and the market is now projected to grow from USD 10.75 billion in 2024 to USD 16.12 billion by 2032, exhibiting a CAGR of 5.0% during the forecast period of 2024-2032.
The COVID-19 pandemic severely affected the textile colorant market, halting production in major textile manufacturing countries like China, India, and Bangladesh. Garment manufacturers faced order cancellations, delayed payments, and financial losses as consumer spending on apparel decreased. Additionally, international logistics disruptions worsened the situation, impacting revenue streams.
Technical textiles are specialized fabrics designed for specific applications in industries like healthcare, sports, and engineering. Their demand is growing due to shifting consumer preferences, increased adaptability, and awareness of their effectiveness. Geotextiles, used in topographical engineering, are also seeing increased demand due to rising environmental concerns, such as soil quality degradation, further boosting the market.
Initially, natural dyes were used for colouring textiles, but the industrial revolution increased demand for synthetic colorants due to improved textile production. Despite their efficiency, synthetic colorants have drawbacks such as itching, colour loss, and high-water use. Conversely, natural dyes are renewable, itch-resistant, and free from toxic chemicals, with high UV absorption. These benefits are driving a resurgence in natural dye use, boosting growth in the textile colorant market.
Comprehensive Analysis of Textile Colorant Market
The textile colorant market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by source analysis, by type analysis, and by application analysis. By source analysis include natural and synthetic. By type analysis include azoic dyes, direct dyes, basic dyes, disperse dyes, reactive dyes, sulfur dyes, VAT dyes, and others. By application analysis include clothing, technical textiles, home textiles & carpets, and automotive textiles.
The Asia Pacific region lead the textile colorant market share by benefitting a market size of USD 4.82 billion in 2023 due to cheap raw material and labor availability.
The top players in the markets have a central responsibility in the chemicals & advanced materials industry to be sure of industrial prospectus development and to establish the market norms. These players include, Huntsman Corporation, Kiri Industries Ltd., DuPont, Sumitomo Chemical Co. Ltd., BASF SE, Allied Industrial Corp., Ltd., Dystar Group, Zhejiang Longsheng Group Co., Ltd., LANXESS AG, Archroma International, Colorant Limited, Jay Chemical Industries Limited, Jiangsu Yabang Dyestuff Co., Ltd. these market players provide a level-playing competitive landscape.
In June 2023, Archroma partnered with COLOURizd to produce sustainable, eco-friendly, high-performance textiles with minimal environmental impact.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Growth Rate CAGR of 5.0% during 2024-2032
Historical Period 2019-2022
Unit Volume (Kiloton) and Value (USD Billion)
Segmentation By Source
- Natural
- Synthetic
By Type
- Azoic Dyes
- Direct Dyes
- Basic Dyes
- Disperse Dyes
- Reactive Dyes
- Sulfur Dyes
- VAT Dyes
- Others
By Application
- Clothing
- Technical Textiles
- Home Textiles & Carpets
- Automotive Textiles
By Geography
- North America (By Source, By Type, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Source, By Type, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Source, By Type, By Application, By Country)
- China (By Application)
- India (By Application)
- Bangladesh (By Application)
- ASEAN (By Application)
- Rest of Asia Pacific (By Application)
- Rest of World (By Source, By Type, By Application, By Country)
- Brazil (By Application)
- Mexico (By Application)
- GCC (By Application)
- Others (By Application)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.