01 February 2023, Mumbai
The global textile colorant market is expected to grow at a CAGR of 5.4% from 2022 to 2032, reaching a valuation of US$ 11,590.4 Mn by 2032.
As per a reliable trade report from Future Market Insights, the category is expected to achieve a CAGR of 5.4% during the forecasted period of the year 2022-32.
The growth is driven by the increasing demand for fashion textiles and home decor and the rise in disposable income worldwide.
Context setting; The market is highly unorganized, and fragmented and has a very diverse broad base of several leading players with product value offerings in excess of say 10,000 variants of textile colorants.
East Asia is expected to be the dominant region for textile colorant production and consumption and accounts for around 48% of global textile production.
The demand for textile colorants is expected to account for 9-11% of the global colorants consumption. The growth in the market is a result of the recovery from the pandemic crisis and growth in the textile industry.
