The increased demand in the apparel industry is expected to propel the textile dye market and it is expected to reach US $ 11.25 billion by 2026, growing at a CAGR of 6.59 per cent. Currently it is worth around US $ 8.72 billion.
A report of Research and Markets claims that Asia-Pacific was the largest region in the textile dyes market in 2021 while North America is expected to be the fastest-growing region in the forecast period.
The garment industry has a significant raw material base that includes all types of natural and synthetic fibre dyes, which has helped it achieve global prominence.
The report also adds that new technology is a key trend gaining popularity in the textile dyes market. The textile dyes sector is constantly innovating and adopting new advanced dyeing technologies to become a more sustainable industry.
The use of nanotechnology to create more scientific clothing, such as fire-repellent, self-cleaning and water-repellent clothes, has resulted in significant advancement in the textile industry. Major companies operating in the textile dyes sector are focused on new technologies to sustain their position in the market.
In recent times, waterless smart dyeing technology is being adopted by most of the textile dyeing companies.
Archroma, Atul Ltd, Colorant Ltd, Vipul Organics Ltd, Zhejiang Runtu Co., Ltd and Alchemie Technology are among few of the leading companies in this segment.
