The
Global
Dyestuff for Cotton Market was
valued at US$ 2.21 billion in 2016, according
to a new report published by
Coherent
Market Insights.
Dyes are aromatic and ionizing compounds, with affinity towards the
substrate it is applied to. This can be categorized into natural and
synthetic dyes. Synthetic dyes use various color modifiers such as
methyl and ethyl group in order to alter the color of the dyes, which
finds wide applications in various end use industries such as textile
(non-woven), healthcare and personal care. The increasing demand for
dyestuff from textile (non-woven) is rapidly growing in the Asia
Pacific region, as China and India are major exporters of textile
products. This is mainly attributed to major cotton production and
cheap labor costs in the region. However, due to increasing labor
cost in India and China is influencing manufacturers to pursue
favorable growth avenue in countries such as Bangladesh, Nepal, and
Vietnam. Dyestuff are widely used in coloring various garments, this
in turn creates a favorable growth environment for the dyestuff for
cotton market. For instance, in 2016, Huntsman International LLC.
Collaborated with Viyellatex Group, Bangladesh-based vertically
integrated group of textile manufacturing companies. In this
collaboration, Huntsman International LLC will provide support for
streamline operations and optimize processes, train technical staff,
and make recommendations to help improve yield and productivity.
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Sample of Global
Dyestuff for Cotton Market:
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Petroleum and its derivatives are the primary
feedstock used in the manufacture of dyestuff. Fluctuation of raw
materials prices and stringent government regulations in various
countries in the use of petroleum derivatives is expected to hinder
the market growth during the forecast period. As per the current
situation India is expected to be the most favorable region for
dyestuff for cotton market due to favorable government policy coupled
with rising economy and growing textile industry, the country is
expected to witness a significant growth for the global dyestuff
market during 2017-2025. For instance, according to India Brand
Equity Foundation (IBEF)—a Trust established by the Department of
Commerce, Ministry of Commerce and Industry, Government of India—the
Indian textiles industry, in 2016, was estimated at around US$ 108
billion, is expected to reach US$ 223 billion by 2021.
Key takeaways of the market:-
North America is projected to be the largest region in
global dyestuff for cotton market. It accounted for around 33.10% of
overall dyestuff for cotton market revenue in 2016. The market in
this region is expected to be primarily driven by rampant growth of
pharmaceuticals and personal care industry. The growing trend for
online retail chain positively shapes the apparel and textile
industry, as advancing economy and rising income, people have less
time for outdoor shopping. Currently the market for online luxury
fashion sales is dominated by U.S., Germany and U.K.
-
The market in Latin America is expected to register a
significant growth rate over the forecast period. Rise in textiles
industry across the region is expected to create lucrative growth
opportunities for the players in this region.
-
Personal care industry is one of the key industries for the
use of dyestuff for cotton. A strong cosmetics product sales in
North America and Europe is expected to enhance the growth of
dyestuff for cotton in the forecast period. The various types of
dyestuffs that are used in cosmetics is particularly limited,
because they must be registered on positive regulatory lists.
-
Clariant AG, Kemira, Huntsman Corporation, Sumitomo
Chemical Company Ltd., Rockwood Pigments Inc., Arkema SA, BASF SE,
DuPont, Lanxess AG and Kiri Industries Ltd are few of the key
players in global dyestuff for cotton market.
To Get Discount On This Report: https://www.coherentmarketinsights.com/insight/request-discount/409
-
There are various organic, and inorganic growth strategies
which are being followed by the leading market players in the
market. Technological advancement is leading to the key innovation
in the new product launches. Companies are also investing in
expansions, mergers & acquisitions, and joint ventures in the
market.
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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