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A sharp growth in textile colourant market is forecasted!

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colorant-marketTextile market is growing very fast in whole world. As a result all segments related to textile are growing as well. Textile colourant market is projected to increase to 6,248 thousand tonnes in 2017. Demand for textile colourants is anticipated to remain steady on account of growing applications in apparel and automotive industries. Owing to low labour costs and infrastructure developmentthe demand is anticipated to remain higher in developing countries among which Asia Pacific accounted 53 per cent revenue share of the global textiles market in 2014. China colourants market is anticipated to grow at 5.2 per cent in terms of value during the forecast period. Excluding Japan Asia Pacific remains the largest market for textile colourants globally it is expected to grow to 925.5 thousand tonnes in 2017.

By fibre type, cotton remains the largest segment, followed by nylon and polyester. Demand for cotton textile colourants has expected to reach 561.6 thousand tonnes in 2017 as compared to 2016. As well as acrylic is projected to grow at the fastest CAGR.

The market has been segmented the dye type, into Reactive dye, Acid dye, direct dye, Disperse dye and Basic dye. Among these, reactive dye accounts for the highest volume share of the market and has projected to increase to over 636 thousand tonnes in 2017. Demand for acid dye, the second largest dye type, is expected to reach 586 thousand tonnes in 2017.The global textile colourant market has been segmented into powder, granules, paste, and liquid. Among these, demand for textile colourants in powder form is accounting for 663 thousand tonnes in demand.

By application, the market has been segmented into apparels, household, technical textiles, automotive, and accessories. Demand for textile colourants in apparels is projected to surpass 1065 thousand tonnes in 2017.