The market for textile dyes is predicted to develop at a CAGR of 6.59 percent to reach US $ 11.25 billion by 2026 due to the increased demand in the garment industry. It is currently valued at about $8.72 billion USD.
According to a report by Research and Markets, North America is predicted to develop at the fastest rate during the forecast period, while Asia-Pacific is likely to be the largest regional market for textile dyes in 2021.
The garment business has a sizable raw material base that comprises various natural and synthetic fibre dyes, which has contributed to its rise to prominence on a global scale.
The research also mentions how new technology is a major trend that is gaining traction in the market for textile dyes. To become a more sustainable enterprise, the textile dyes sector is constantly advancing and implementing new cutting-edge dyeing techniques.
The textile industry has advanced significantly as a result of the use of nanotechnology to produce more technological apparel, such as fire-repellent, self-cleaning, and water-repellent clothing. To maintain their position in the market, major companies involved in the textile dyes industry are concentrating on innovative technologies.
The majority of textile dying businesses have recently implemented waterless smart dyeing technology.
Among the top businesses in this industry are Archroma, Atul Ltd, Colorant Ltd, Vipul Organics Ltd, Zhejiang Runtu Co., Ltd, and Alchemie Technology.
