Demand for textile colorants is anticipated to remain steady on account of growing applications in apparel and automotive industries.
Demand is anticipated to remain higher in developing countries, owing to low labor costs and infrastructure development.
By fiber type, cotton remains the largest segment, followed by nylon and polyester. Among other fiber types, acrylic is projected to grow at the fastest CAGR. Among these, reactive dye accounts for the highest volume share of the market. Demand for acid dye, the second largest dye type, is expected to reach 586,000 tons.
On the basis of product form, the global textile colorant market has been segmented into powder, granules, paste, and liquid. Among these, demand for textile colorants in powder form is the highest. By application, the market has been segmented into apparels, household, technical textiles, automotive, and accessories.
Asia Pacific excluding Japan remains the largest market for textile colorants globally. China remains the largest consumer of textile colorants in APEJ. China’s textile colorants market is anticipated to grow at 5.2 per cent in terms of value during the forecast period.
Asia Pacific accounted for a 53 per cent revenue share of the global textile market in 2014.
Leading companies are Huntsman, Archroma, DyStar and Dye Systems.
With 53 per cent share Asia drives global textile colorant market
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