PUBLISHER: TechSci Research | PRODUCT CODE: 1180519
PUBLISHER: TechSci Research | PRODUCT CODE: 1180519
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Global Vat Dyes Market is anticipated to witness robust growth in the forecast period, 2024-2028. Vat dyes are used to color cellulose fibers, like cotton fibers. The dyes are colored using a process called fermentation. The primary end-user industry that is stimulating market growth is the textile industry. The demand for textiles from developing countries like China, India, and Brazil is fueling the market's expansion. According to the India Brand Equity Foundation (IBEF), the Indian textile and apparel industry will grow at a 10% CAGR from 2019 to 2025, reaching US$ 190 billion by 2025-26. India has a 4% share of the global trade in textiles and apparel. Moreover, an increase in urbanization and a boost in expendable income are key factors driving the end-user industry.
The fashion industry's demand is also fueling the market's expansion. Vat dyes are used to color cotton fibers such as viscose rayon and leather in the fashion industry and cellulosic fiber. The most common dye in the fashion industry is indigo dye which is used for dyeing denim fabrics. According to the Federation of Indian Chambers of Commerce and Industry (FICCI), the global apparel industry is worth about USD 1.7 trillion and constitutes around 2 percent of the world's GDP. The EU, the USA, and China hold 54 percent of the market. In addition, they are combined with polyester for dyeing materials like a t-shirt. However, due to the high alkali concentration required for the dye bath, pure vat is not used on animal fibers. Additionally, it is anticipated that rising manufacturers' research and development (R&D) investments to launch new product variations will fuel market expansion.
The factors stimulating the growth of the fashion industry are rising urbanization and a rise in disposable income. Manufacturers are offering products with more color variations and stability, and these dyes are further used to create colorful, delicate, and eye-catching fashion garments. According to the European Commission, globally, around 5 million people were employed in the fashion industry and another 1 million in end-user industries. All these factors are propelling the growth of the market.
Global Vat Dyes Market is segmented based on Type, Applications and End-Use. Based on Type, the market is divided into Indigo, Thioindigo Dyes, Anthraquinone Derivatives, Carbazole Derivatives, Others. Based on Application, the market is fragmented into Wool, Cotton, Viscose Fiber, Others. Based on End-Use the market is segmented into Textile, Leather, Paper, Paints & Coatings, Plastics, and Others.
DuPont de Nemours, Inc., BASF SE, Clariant International AG, Eckart GmbH, Arkema SA
Rockwood Holdings, Inc., Royce & Associates, LLC, Lanxess AG, Jagson Colorchem Ltd
and Kiri Industries Limited are some of the key players operating in the market.
In this report, Global Vat Dyes Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Indigo
Thioindigo Dyes
Anthraquinone Derivatives
Carbazole Derivatives
Others
Wool
Cotton
Viscose Fiber
Others
Textile
Leather
Paper
Paints & Coatings
Plastics
Others
Europe
North America
Asia-Pacific
Middle East and Africa
South America
Company Profiles: Detailed analysis of the major companies present in the Global Vat Dyes Market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: