The Textile Dyes Global Market Report 2023, provides comprehensive information on the textile dyes market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Textile Dyes Global Market Report 2023, the market size is expected to grow from $8.81 billion in 2022 to $9.68 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the textile dyes market is expected to grow to $12.57 billion in 2027 at a CAGR of 6.8%.
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New technology is a key trend gaining popularity in the textile dyes market. The textile dyes sector is constantly innovating and adopting new advanced dying technologies to become a more sustainable industry. The use of nanotechnology to create more scientific clothing, such as fire-repellent, self-cleaning, and water-repellent clothes, has resulted in significant advancement in the textile industry. These advancements in textile manufacturing technology will enable textile material and product dying markets to use more sustainable and advanced dying technology. Major companies operating in the textile dyes sector are focused on new technologies to sustain their position in the market. For instance, In April 2020, Alchemie technology, a UK-based manufacturer of unique digital materials fabrication technologies, launched Alchemie Endeavour, a waterless smart dying technology. This waterless smart dying uses advanced digital manufacturing technology to achieve a breakthrough in cost structure, supply chain capability, and fabric coloration for sustainability. Endeavour employs advanced digital colorant application and fixation technology to provide fabrics with single pass roll-to-roll solid colors.
The textile dyes market is segmented:
1) By Dye Type: Direct, Reactive, VAT, Basic, Acid, Disperse, Other Dye Types
2) By Fiber Type: Wool, Nylon, Cotton, Viscose, Polyester, Acrylic, Other Fiber Types
3) By Application: Clothing & Apparels, Home Textiles, Industry Textiles
Asia-Pacific was the largest region in the textile dyes market in 2022.
The table of contents in TBRC’s textile dyes market report includes:
- Executive Summary
- Textile Dyes Market Characteristics
- Textile Dyes Market Trends And Strategies
- Textile Dyes Market – Macro Economic Scenario
- Textile Dyes Market Size And Growth
- Textile Dyes Market Segmentation
- Textile Dyes Market Regional And Country Analysis
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- Textile Dyes Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Textile Dyes Market
- Textile Dyes Market Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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