Global Dyestuff Market for Textile Fibers is Expected to hit USD 1.88 Billion by 2020

Transparency Market Research has released a new market report titled "Dyestuff (Black Color) Market for Textile Fibers (Polyester, Nylon, Acrylic and Others) for Home Textiles, Apparels and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020." According to the report, the global dyestuff (black color) market for textile fibers was valued at USD 1.10 billion in 2013 and is anticipated to reach USD 1.88 billion by 2020, expanding at a CAGR of 8.0% from 2014 to 2020. Global demand in the dyestuff (black color) market for textile fibers stood at 416.0 kilo tons in 2013.

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Dyestuff (black color) is used to color a wide range of textile fibers such as polyester fibers, nylon fibers, acrylic fibers and olefin fibers. Polyester fiber is the most widely used variety of textile fiber. Hence, it was the largest product segment of the global dyestuff (black color) market for textile fibers, accounting for over 56% of the total market volume in 2013. A broad range of textiles produced from these black colored textile fibers is utilized in end-user industries such as home textiles, apparels, automotive textiles and agricultural textiles. Polyester fibers are primarily used in the production of several varieties of apparels. Consequently, apparels was the largest end-user segment of the global dyestuff (black color) market for textile fibers, constituting over 53% of the total market volume in 2013.

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Polyester fibers segment along with others segment is anticipated to be the fastest growing segment of the global dyestuff (black color) market for textile fibers in the next six years. Demand for polyester fibers from end-user industries, such as home textiles, apparels and other technical textiles, is increasing at a rapid rate. Therefore, demand for polyester fibers is estimated to rise in the near future. Consequently, demand for dyestuff (black color) in the polyester fibers segment is projected to increase in the next few years. Additionally, other end-users segment, which typically includes automotive textiles, agricultural textiles and protective clothing, is likely to be the fastest growing end-user segment of the dyestuff (black color) market for textile fibers in the next few years.

Asia Pacific dominated the dyestuff (black color) market for textile fibers, accounting for over 55% of the total market volume in 2013. Rising demand for apparels, home textiles, automotive and agricultural textiles is expected to drive the dyestuff (black color) market for textile fibers in Asia Pacific in the next few years. RoW is anticipated to be the fastest growing regional market in the dyestuff (black color) market for textile fibers.

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Rising demand from regions such as Latin America and the Middle East is estimated to drive the dyestuff (black color) market for textile fibers in RoW in the next six years. Furthermore, gradual recovery of the economy in North America and Europe is anticipated to positively impact the dyestuff (black color) market for textile fibers in the next few years. Key players operating in the dyestuff (black color) market for textile fibers include Huntsman Corporation, Clariant AG, Sumitomo Chemical Company Ltd., Arkema SA, BASF SE, DuPont, Lanxess AG, Kemira, Rockwood Pigments, Inc. and Kiri Industries Ltd.

Dyestuff (Black Color) Market for Textile Fibers - Product Segment Analysis

• Polyester

• Nylon

• Acrylic

• Others (Including olefin, etc.)

Dyestuff (Black Color) Market for Textile Fibers - End-user Analysis

• Home textiles

• Apparels

• Others (Including automotive, agriculture, protective clothing, etc.)

Dyestuff (Black Color) Market for Textile Fibers - Regional Analysis

North America

Europe

Asia Pacific

• Greater China

• India

• Korea

• Japan

• South East Asia

RoW (South America, Africa and the Middle East)

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