Asia Pacific will continue its reign in the Global Textile Dye Market in future
Posted by rohan on October 29th, 2019
The global textile dyeing market is expected to show moderate growth over the forecast period (2018-2023). The global market was at US$ 7.83 billion in 2018 and is expected to be valued at approximately US$ 10.54 billion by 2023, at an annual rate of 6.2%. The Journal of Environmental Management published a recent journal for the adsorption of textile dyes using activated carbon and crosslinked polyvinyl phosphonic acid compounds. It has been found that the composite material obtained from activated carbon and polyelectrolyte is an excellent adsorbent material. The mixture was successful in treating sewage and improving its quality.
Market Drivers and Restraints:
Textile washing is one of the most harmful factors for the environment. Therefore, the growing demand for organic textile dyes for use in the textile and sustainable clothing industry is one of the factors driving market growth. Innovation and R&D in the development of non-toxic natural dyes have also fueled the growth of markets. Water is used for washing dyes, which requires unique colours for fabrics that will use less water and be environmentally friendly.
However, increased environmental pollution due to toxic elements such as lead, arsenic and other heavy metals, has a negative impact on market development. Lack of information on the release of poisonous substances in many areas, such as Latin America, the Middle East, Africa and the Asia-Pacific, has also affected the growth of market.
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Based on geography, the world market is fragmented in Latin America, AsiaPacific, Europe, North America and the Middle East and Africa. Among them, the Asia-Pacific is expected to record the fastest growth due to the burst of textile industries in the region. According to a report, Asia-Pacific had the largest market share in the textile dyeing market in 2018. China and India are expected to be the largest market players in the region during the forecast period (2018 - 2023) due to rapid urbanization and demand for new type of fabrics.
Important Market Players:
Some of the key market players are Allied Industrial Corporation Ltd., Lanxess (Germany), Archroma (Switzerland), Huntsman (United States of America), Kiri Industries (India), & Zhejiang Longsheng Group Co (China).Laxness (Germany) has developed Pyranine a fluorescent dye ink that can be recycled for detergents & tracing purposes. It can be used as raw resources in many industries such as textiles, cosmetics, automobile, & Petroleum. It can be used for alkaline cleansing, in shampoos & soaps, & for tracing agent in water & boiler systems.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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About the Authorrohan
Joined: September 20th, 2017
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