Global Dyestuff Market for Textile Fibers 2015-2019
About Dyestuff for Textile Fibers
Color is the main attraction of any fabric. No matter how excellent its constitution, if unsuitably colored it is bound to be a failure as a commercial fabric. Manufacture and use of synthetic dyes for fabric dyeing has therefore become a massive industry today. In fact the art of applying color to fabric has been known to mankind since 3500 BC. Dyestuff is used to color a wide range of textile fibers such as polyester fibers, nylon fibers, acrylic fibers, and other fibers. Polyester fiber is the most widely used variety of textile fiber. Hence, it is the largest product segment of the global dyestuff market for textile fibers. A broad range of textiles produced from these colored textile fibers is utilized in end-user industries such as home textiles, apparels, automotive textiles, and other textiles.
Technavio's analysts forecast the global dyestuff for textile market to grow at a CAGR of 8.67% over the period 2015-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global dyestuff for textile market for the period 2015-2019. The report further provides data on the following segments of the market:
Technavio Announces the Publication of its Research Report – Global Dyestuff Market for Textile Fibers 2015-2019
Technavio recognizes the following companies as the key players in the global dyestuff market for textile fibers: Huntsman International, Kemira, Kiri Industries and Sumitomo Chemical
Other Prominent Vendors in the market are: Jihua Group, Shanxi Linfen Dyeing Chemicals, Suzhou Luosen Auxiliaries, Xuzhou Kedah Fine Chemicals (formerly Jiangsu Tetradiamond Dyestuffs Group), Zhejiang Runtu and Zhejiang Transfar
Commenting on the report, an analyst from Technavio’s team said: “A large amount of water and chemicals is used by companies to manufacture dyes, which is affecting the environment as wastewater is released into the sea, polluting the sea water. However, waterless dyeing technologies are being developed and deployed to reduce pollution. The use of water is cut to near-zero, significantly diminishing the pollution. The decreased use of chemicals for dyeing will increase the speed of dyeing cycles, leading to less energy consumption. This in turn will reduce the cost of textile dyes, thus propelling the market growth.”
According to the report, increased demand for natural dyes is one of the major drivers contributing to the market growth. Natural dyes or eco-friendly dyes witnessed a sharp rise during the past five years, with most of the investments seen in process innovations and water pollution reduction. Vendors are focusing on shifting from chemical dye manufacturing to value-added offerings. Currently, the market offers distinct basic dyes, direct, mordant, and vat dyes, and reactive and disperse dyes, which are expected to fade away, giving way to natural dyes.
Further, the report states that environmental concerns because of wastewater release into the seawater are compelling the governments to impose stringent environmental regulations. This is a challenge for the vendors.
Huntsman International, Kemira, Kiri Industries, Sumitomo Chemical, Jihua Group, Shanxi Linfen Dyeing Chemicals, Suzhou Luosen Auxiliaries, Xuzhou Kedah Fine Chemicals (formerly Jiangsu Tetradiamond Dyestuffs Group), Zhejiang Runtu, Zhejiang Transfar