DUBLIN--(BUSINESS WIRE )--The "Textile Dyes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Textile Dyes estimated at US$6 Billion in the year 2020, is projected to reach a revised size of US$8.5 Billion by 2026, growing at a CAGR of 6.2% over the analysis period.
Disperse, one of the segments analyzed in the report, is projected to record a 6.6% CAGR and reach US$2.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Reactive segment is readjusted to a revised 7.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $695.9 Million in 2021, While China is Forecast to Reach $2.4 Billion by 2026
The Textile Dyes market in the U.S. is estimated at US$695.9 Million in the year 2021. China, the world's second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2026 trailing a CAGR of 7.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR. Demand for textile dyes in the US is being influenced by the consumer preference for natural dyes.
Direct Segment to Reach $1.7 Billion by 2026
Direct dyes are used on cotton, linen, rayon and various cellulose fibers. They are best suitable for items that require less fastness during washing. Direct dyes are also used as biological stains and pH indicators. In the global Direct segment, USA, Canada, Japan, China and Europe will drive the 5.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$679.7 Million in the year 2020 will reach a projected size of US$1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$601.9 Million by the year 2026, while Latin America will expand at a 6.1% CAGR through the analysis period.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900