World textile dyestuff market to touch US$6.14 Billion by 2026
According to a recent report released by Trends Market Research, the world textile dyestuff market is expected to touch US$ 6.14 billion by 2026, at a CAGR of 6.14% during forecast period. The market in 2017 was valued US$ 7.34 billion. The report noted that Asia Pacific accounted for an important share of the world textile dyestuff market in 2017. The market in Asia Pacific is expected to expand at the maximum CAGR, followed by USA and Europe.
The Textile industry trends change speedily and use of dyestuff enable textile manufacturers to meet continuously changing demands of end-users. Textile manufacturers among the world are seeking innovative ways to reduce the environmental impact. R&D of dyes has resulted in improved ease of handling, safety, hygiene, and accuracy during application of dyes.
Some of the main players in textile dyestuff market are Allied Industrial Corp, Ltd., Lanxess, Sumitomo Chemical, Huntsman Corporation, Kiri Industries, BASF, EI du Pont Archroma International, Dystar Group, Arkema SA , Sudarshan Chemical Industries, CHT Group., Atul Ltd, Synthesia, a.s., Chromatech among others.