Textile Dyes Market Size, Share, Opportunities, And Trends By Type (Acid, Basic, Direct, Reactive, Vat, Other), By Fiber Type (Wool, Nylon, Cotton, Polyester, Acrylic, Others), By End User (Household, Technical Textiles, Garments, Automotive, Others), And By Geography - Forecasts From 2024 To 2029

The textile dyes market is expected to grow at a CAGR of 4.71% during the forecast period, reaching US$9.834 billion in 2029 from US$7.124 billion in 2022.

Textile dyes are used to add colours to textile products like fibers, yarns, and fabrics. Preference for natural dyes, growing demand for coloured textiles and fibers, and strong research and development investments in plant-based dyes drive the market during the forecast period. However, stringent government regulations are expected to restrain the market’s growth in the coming years. With the high price volatility of raw materials, the textile dyes market is anticipated to be hindered in the coming years.

TEXTILE DYES MARKET DRIVERS:

• Increasing consumer spending is expected to drive the market's growth during the forecast period.

High economic growth has resulted in increased disposable income, leading to an increase in demand for textile products, causing a surge in domestic demand and bolstering the textile dye market’s growth over the forecast period. For instance, according to CEIC data, China’s annual household expenditure per capita reached 4.660.367 USD in December 2023 in comparison to the last updated number, which was 4,515.302 USD in December 2022. In addition, aspiring and affluent households helped to spur domestic consumption in various parts of the world. Even today, consumers have increased their spending on financial services products, apparel, and personal care in the last decade, focusing on one's appearance.

• Growing demand in the garment industry is expected to drive the market during the forecast period.

In recent years, the garment industry has undergone various revolutionary changes in terms of quality, trends, and global networking. Increasing disposable income and rising household spending in developing economies like China, India, and Brazil are expected to drive the market's growth during the forecast period. In addition, a rising number of stores globally also supports the growing demand for garments, which, in turn, drives the demand for textile dyes. The growing demand for environmentally friendly products is increasing the use of natural dyes in textile applications, which has led to an increase in dye sales.  In recent years, the textile industry has witnessed significant growth, and with the change in fashion trends, the world of garments has also sought several opportunities.

With favorable government policies, from capital investment to subsidies in segments such as garments, the market for dyes is expected to reach significant heights in the coming years. For instance, the government of India approved the Integrated Wool Development Programme (IWDP) to support the wool sector and aims to enhance production quality during the 2020-21 period. Textile companies worldwide are expanding their operations by entering new fabrics or diversifying into new categories. To conclude, the future of the textile industry is promising, and with the growing disposable income, the retail sector is expected to experience rapid growth with the entry of major international players in developing economies like India, Brazil, and Indonesia, which is further anticipated to drive the market for textile dyes over the forecast period.

Textile Dyes Market Geographical Outlook

• The Asia Pacific region will dominate the textile dyes market during the forecast period.

By geography, the textile dyes market has been segmented into the following: North America, South America, Europe, the Middle East and Africa, and Asia Pacific (APAC) regions. The Asia Pacific textile dye market is expected to dominate, constituting a significant share on account of the established textile industry coupled with major textile-producing countries like India and China. China also holds the largest market for textile dyes in the world. Furthermore, rapid urbanization, an expanding manufacturing industry, and an improving economic environment and stability in many of the region's countries are expected to boost the textile dyes market. In North America, the market is growing substantially due to the established automotive industry. Growing regulations related to the environment during the production of textile materials are poised to hinder the market’s growth in the region. Europe holds a significant market share due to the widespread adoption of textile dyes in the various end-user industries.

The textile dyes market key developments:

• October 2022: Archroma and Panatronix entered into a partnership to develop an alternative to the conventional yarn washing procedure and its associated excessive water consumption and contamination.
• August 2022: Archroma entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation. Furthermore, in February 2023, Archroma, a global leader in sustainable specialty chemicals and solutions for industries such as textiles, packaging & paper, paints and coatings, today announced the closing of the acquisition of the Textile Effects business from Huntsman Corporation
• January 2022: As per the January 2022 press release by Atul Ltd, they introduced NOVATIC Classic Dark Green Pdr VAT dyes and NOVATIC Classic Dark Navy Pdr VAT dyes for institutional clothing, leisure wear, and furniture. These were quite appropriate for exhaust dyeing applications as well.
• June 2021: As per a press release by Archroma in June 2021, the Color Atlas by Archoma introduced around 1,440 hues for sportswear, athleisure, swimwear, children's clothes, shoes, fashion, and home textiles. The atlas enabled experts to swiftly create the palettes they required. From the most neutral tones to the most brilliant hues to dazzling colors, the new Color Atlas by Archroma® Polyester Library has colors in line with current trends.
  

The textile dyes market is segmented and analyzed as follows:

• By Type
  • Acid
  • Basic
  • Direct
  • Reactive
  • Vat
  • Other
• By Fiber Type
  • Wool
  • Nylon
  • Cotton
  • Polyester
  • Acrylic
  • Others
• By End-User
  • Household
  • Technical textiles
  • Garments
  • Automotive
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Middle East and Africa
    • Saudi Arabia
    • Saudi Arabia
    • United Arab Emirates
    • Rest of the Middle East and Africa
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Rest of Asia-Pacific