Black Color Textile Dyestuff Market to be Driven by Growing Demand for Technical Textiles in Emerging Economies
The global black color textile dyestuff market derives demand from its application in dyes to color a wide array of textile fibers such as polyester, acrylic, nylon, and olefin. The global demand for black color textile fibers stood at 416 kilo tons in 2013 and is expected to rise extensively in the coming years. Emerging economies are becoming the key consumers for black color textile dyestuff due to the rise in the number of businesses and workplaces requiring large amounts of technical textiles to set up. Apart from this, the global apparel market is witnessing steady growth, which, in consequence, is stimulating demand from the black color textile dyestuff market.
On the other hand, the instability in the cost of crude oil, essential in the production of dyestuff, is negatively impacting the global black color textile dyestuff market. Additionally, the stringent environmental rules and regulations and emerging bio-based alternatives are expected to hamper the global market. However, the industry is drawing attention by virtue of the rising popularity of natural dyes, which is expected to drive the market significantly in the coming years.
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Polyester Fibers Market to Register Fastest Growth in Coming Years
The market for polyester fibers dyestuff held more than 56% of the global black color dyestuff market for textile fibers in 2013. This product type is estimated to register the fastest growth in the global black color textile dyestuff market, reporting consistent rise in demand during the period from 2014 to 2020.
In the end user segmentation, the apparels industry was the biggest consumer of black color textile dyestuff in 2013, accounting for over 53% of the market across the globe. Other end-use industries such as automotive textiles, agricultural textiles, and protective clothing, are projected to record the fastest growth in the global black color dyestuff market for textile fibers in the coming years.
The automotive and agricultural textile industries are witnessing a surge in the demand for technical textiles, which in turn is projected to fuel the demand for black color dyestuff from 2014 to 2020. End-use industries such as home textiles and apparel are likely to drive the demand for polyester fibers and other technical textiles in the near future, resulting in heightened demand for black color textile dyestuff.
Asia Pacific Market to Register Impressive Growth Due to Soaring Demand for Textiles
The regional black color dyestuff market for textile fibers in Asia Pacific led the global market in 2013, holding a share of more than 55% of the total market in terms of volume. The region is experiencing a surge in the demand for apparel, vehicles, home textiles, and agricultural textiles, which is estimated to fuel the global black color textile dyestuff market in the region during the period of 2014 to 2020.
Rest of the World is estimated to register the fastest growth among all regional markets for black color dyestuff market for textile fibers. Latin America and the Middle East are emerging as the biggest consumers of black color dyestuff for textile fabric. Apart from this, the recuperating economies in North America and Europe are expected to bring about positive growth for the global black color textile dyestuff market between 2014 and 2020.
The global black color dyestuff market for textile fibers had reached US$1.10 billion in 2013. By 2020, the market is expected to worth US$1.88 billion, rising at an 8.0% CAGR during the period from 2014 to 2020.
Kiri Industries Ltd., Huntsman Corporation, Lanxess AG, Rockwood Pigments, Inc., BASF SE, Arkema SA, Clariant AG, Sumitomo Chemical Company Ltd., Kemira, and DuPont are the major players operating in the global black color textile dyestuff industry.
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