Dyestuff (Black Color) Market for Nylon Textile Fibers : Competitive Intelligence and Tracking Repor
Added: (Wed Feb 07 2018)
Rising demand for technical textiles is projected to fuel the global dyestuff market for nylon textiles, finds Transparency Market Research in its latest report. Titled ‘Dyestuff (Black Color) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,’ the report states that the market will rise from its 2013 valuation of US$120.8 mn to US$204.3 mn by 2020. This translates to a healthy 7.8% CAGR for the market between 2014 and 2020.
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Besides a growing demand for technical textiles, a mounting demand for other types of textiles as well as apparel will work in favor of the global dyestuff market. Yet, given that the demand-supply dynamics of dyestuff (black color) are dictated to a considerable degree by the prevailing oil prices, volatility in the same could adversely impact the growth prospects of the dyestuff market at large. The other challenge that companies in the global dyestuff (black color) market will have to focus on is making a transition from synthetic to bio-based alternatives for dyestuff. However, this will create a whole new market for bio-based dyestuff (black color), presenting an enormous opportunity for both existing market leaders and new entrants.
For the purpose of this study, the global dyestuff (black color) market has been segmented on the basis of product type, end user, and region. By product type, the market is composed of staple fibers, monofilament fibers, and others. By end-user type, the market has been segmented into apparel, home textiles, and others (agriculture, automotive, and protective clothing). Likewise, by region, the market has been segmented into: North America, Europe, Asia Pacific, and Rest of the World.
Textile dyestuffs are used primarily to dye staple fibers, making the staple fiber segment the largest in the global dye stuff market for nylon textile by product type. With a revenue share of 48% in the global market in 2013, the staple fibers segment is expected to exhibit an 8.0% CAGR from 2014 to 2020. This segment will also log the fastest growth rate through the report’s forecast period. The demand for nylon staple fibers continues to remain high because they are easy to blend with other types of fibers. This rising demand for nylon staple fibers, will in turn, stimulate demand for dyestuff (black color) for nylon fibers.
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From the standpoint of end users, the apparels segment stood as the largest in the global market for dyestuff (black color) for nylon textile fibers in 2013, contributing 45% of all revenue generated in the market in that year. This segment is poised to log a CAGR of 7.9% between 2014 and 2020. However, the others end-use segment is predicted to grow the fastest in the global market for dyestuff (black color) for nylon textile fibers thanks to appreciable demand for technical textiles in the agriculture and automotive industries.
The report identifies Asia Pacific as the largest regional market for dyestuff for nylon textile fibers. The fastest rate of growth, however, will be clocked by Rest of the World.Leading companies in the global dyestuff market profiled in the report include: Clariant AG, Sumitomo Chemical Company Ltd., BASF SE, Huntsman Corporation, DuPont, Arkema SA, Rockwood Pigments, Inc., Kemira, Lanxess AG, and Kiri Industries Ltd.
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