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Textile Dyes Market is Expected to Witness Healthy Growth at 6% CAGR through 2031

extile Dyes Market

According to a recent Fact.MR study, the textile dyes market will generate US$ 6 billion in revenue by 2020. In 2021, the market increased by 5% year over year (YoY). Textile dye sales are expected to reach US$ 8 billion by 2031, growing at a CAGR of over 6%, according to future projections.

Direct textile dyes are expected to grow at the fastest rate of all, with a market value of more than US$ 2 billion by the end of 2031.

Over the last five years, the market has risen dramatically, approaching US$ 6 billion by the end of 2022. During the period in question, an annual growth rate of around 5% was recorded.

Key Market Segments Covered

Dye Type

    • Disperse Textile Dyes
    • Reactive Textile Dyes
    • Direct Textile Dyes
    • Acid Textile Dyes
    • Vat Textile Dyes
    • Basic Textile Dyes
    • Other Textile Dyes

Fiber

    • Cotton Textile Dyes
    • Viscose Textile Dyes
    • Wool Textile Dyes
    • Nylon Textile Dyes
    • Polyester Textile Dyes
    • Acrylic Textile Dyes
    • Other Fiber Textile Dyes

Competitive Environment

Several expansion strategies are used by prominent textile dye manufacturers, ranging from innovative product launches to outright or partial mergers and acquisitions, collaborations, and capacity expansion.

Archroma’s Polyester Library launched the Color Atlas in June 2021, with 1,440 colors for sportswear, athleisure, swimwear, children’s clothing, shoes, fashion, and home textiles. Professionals can use the atlas to quickly create the palates they need.

Huntsman International announced the formation of NaviColor in collaboration with the Xenon arc in January 2020. This platform is a dedicated marketing channel designed to meet the specific needs of a select group of customers in the textiles and apparel industry in the United States, as well as to expand the customer base.

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