07.24.19
MarketsandMarkets’ report “Textile Dyes Market by Dye Type (Direct, Reactive, VAT, Basic, Acid, and Disperse), Fiber Type (Wool, Nylon, Cotton, Viscose, Polyester, and Acrylic), and Region (APAC, Europe, and North America) - Global Forecast to 2024” projects the segment to reach $10.9 billion by 2024 at a CAGR of 5.9% during the forecast period.
Low-cost of manufacturing in counties in APAC such as China and high demand for textile dyes in APAC are the key factors driving the demand for textile dyes.
Disperse dyes is estimated to be the largest dye type in the global textile dyes market. These dyes are used to dye synthetic hydrophobic fibers. APAC contributes more than 50% to the global disperse dyes market.
Viscose fiber was the first commercially produced synthetic fiber. It is a regenerated fiber as the cellulose obtained from softwoods is converted to a liquid compound, pressed through minuscule holes in spinnerets, and then converted back to cellulose in the form of fiber. The market of viscose is growing as this fiber has properties similar to cotton and can also be manufactured to resemble silk. Moreover, viscose fiber can be produced in multi-stranded versions that integrate metallic threads and also in the form of novelty fibers.
With economic contraction and saturation in Europe and North America, textile manufacturers are shifting their production base to APAC. China is one of the leading producers and consumers of textile dyes in the region.
Low-cost of manufacturing in counties in APAC such as China and high demand for textile dyes in APAC are the key factors driving the demand for textile dyes.
Disperse dyes is estimated to be the largest dye type in the global textile dyes market. These dyes are used to dye synthetic hydrophobic fibers. APAC contributes more than 50% to the global disperse dyes market.
Viscose fiber was the first commercially produced synthetic fiber. It is a regenerated fiber as the cellulose obtained from softwoods is converted to a liquid compound, pressed through minuscule holes in spinnerets, and then converted back to cellulose in the form of fiber. The market of viscose is growing as this fiber has properties similar to cotton and can also be manufactured to resemble silk. Moreover, viscose fiber can be produced in multi-stranded versions that integrate metallic threads and also in the form of novelty fibers.
With economic contraction and saturation in Europe and North America, textile manufacturers are shifting their production base to APAC. China is one of the leading producers and consumers of textile dyes in the region.