At a compound annual growth rate (CAGR) of 4.6%, the size of the worldwide textile dyes market is expected to increase from US $11.1 billion in 2022 to US $14.0 billion by 2027.The Asia Pacific market is experiencing strong demand due to the low cost of production in the region’s member nations.
The rapidly expanding textile sector in Asia-Pacific is driving up demand for cellulose fiber dyes. In the Indian textile industry, natural cellulose fibers like cotton and jute are widely utilized. Major fast fashion firms have production sites in Asian nations such as China, Bangladesh, and India.
The viscose fiber segment has the highest predicted CAGR. The market in Asia Pacific has the biggest demand for viscose.Because viscose is inexpensive and has many applications, there is a need for it.
The strong demand from the apparel industry and other sectors that use technical fabrics, such the construction and automotive industries, is the main factor propelling the textile dye market. The industry is investing much in research and development due to the trend toward the use of environmentally friendly textile dyes.
In terms of volume and value, textile dyes are seeing growth in the Asia Pacific region. The market is expanding quickly both locally and worldwide due to the growing demand from China and India.
Manufacturers in North America and Europe are obligated to abide by rules imposed by several regulatory bodies concerning the manufacturing and application of textile dyes. This is a problem that many important players are facing.
