According to the recent study the colorants in the global textile chemical market is projected to reach an estimated $8.5 billion by 2028 from $6.6 billion in 2023, at a CAGR of 5% from 2023 to 2028. Growth in this market is primarily driven by increasing disposable income and growing demand for fashionable textiles and home décor globally.A

A more than 150 – page report is developed to understand trends, opportunities and forecast in colorants in the global textile chemical market by product type (powder, granules, paste, and liquid), application (apparel, household, technical textiles, automotive, and accessories), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Liquid market is expected to remain the largest segment during the forecast period.”

Based on product type, the colorants in the global textile chemical market is segmented into powder, granules, paste, and liquid. Lucintel forecasts that the liquid market is expected to remain the largest segment due to because it is easier to apply as compared to the other form of colorants and can be easily mixed with water to create a uniform color solution that can be evenly distributed over the fabric.

“Within the colorants in the global textile chemical market, the apparel segment is expected to remain the largest application”

Based on application the apparel segment is expected to witness the highest growth over the forecast period due to rapidly changing fashion industry, increasing accessibility to preferable fashion choices, and growing exposure to e-commerce platform.

“Asia pacific will dominate the colorants in the global textile chemical market in near future”

APAC will remain the largest region due to significantly growing automotive and fashion décor industries and increasing penetration of organized retail in the region.

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Major players of colorants in the global textile chemical market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Huntsman Corporation, DyStar, KRONOS, Kiri Industries, and Allied Industrial Corp. are among the major colorants in the global textile chemical providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/colorants-in-textile-chemical-market.aspx or helpdesk@lucintel.com