05 August 2022, Mumbai:
Textile Colors Market Demand to Be Valued at US$ 11.1 Bn by 2032 | Future Market Insights, Inc.
The global Textile Colors Market was valued at US$ 5.8 Bn in 2021 and is expected to reach a valuation of US$ 11.1 Bn by 2032, expanding at a CAGR of 6.2% between 2022 and 2032. According to Future Market Insights, market research and competitive intelligence provider, Global consumption of Textile Colors experienced significant growth over a five- to six-percentage-point increase in the last five years.
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The dye may be produced as semi-continuous, continuous, or batch processes.
Textile Colors are commonly employed in various industries, including creating materials to arrange garments and loose fibres through yarn.
One of the principal factors driving the growth of the Textile Colors market is increasing innovation in the Textile Colors sector.
Key Takeaways from Market Study
Textile Colors Market was valued at US$ 5.8 Bn in 2021. According to Future Market Insights, Textile Colors market revenue would increase 1.8X between 2022 and 2032, reaching roughly US$ 11.1 Bn in 2032.
In terms of Dye Type, the Direct Dye is projected to account for the highest projected CAGR of over 6.5%.
In terms of Fiber Types of Textile Colors, revenue through the Polyester category is expected to be the highest.
Revenue growth through this category is projected to witness a CAGR of 4.5% during the historical period.
US remains the dominant region in the Textile Colors Market with an absolute dollar growth opportunity of over US$ 1.8 Bn.
Winning Strategy
Competitive Environment
Some of the recent developments of key Textile Colors providers are as follows:
• In June 2021, Archroma's Polyester Library introduced the Color Atlas in with 1,440 hues for sportswear, athleisure, swimwear, children's clothes, shoes, fashion, and home textiles. The atlas enables experts to rapidly create the palettes they want.
• In July 2020, Sun Chemical purchased the ink business of Sensient Technologies Corporation, thus expanding the former's product portfolio for textile and dye sublimation printing.
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