Textile Colorant Market Size, Share, Growth Analysis, By Source(Natural, Synthetic), By Type(Zoic Dyes, Direct Dyes, Basic Dyes, Disperse Dyes), By Application(Clothing, Technical Textiles, Home Textiles & Carpets, Automotive Textiles), By Region - Industry Forecast 2024-2031

Textile Colorant Market size was valued at USD 6499.05 million in 2019 and is poised to grow from USD 6850 million in 2023 to USD 10996.54 million by 2031, growing at a CAGR of 5.4% in the forecast period (2024-2031).

With the expansion of the worldwide textile manufacturing industry in recent years, the need for textile dyes and pigments has risen as well. During the projection period, market growth will be supported by research & development on dyes that might provide textiles and oleo-phobic and hydrophobic character. A new range of long-lasting hydrophobic textile chemicals based on silicone chemistry, such as Dow's Dowsil IE-8749 emulsion, was announced by Dow in February 2021. In comparison to traditional silicone finishes, the Dowsil IE-8749 Emulsion treatment exhibits better fabric retention, according to the company's studies on a range of substrates, providing long-lasting water repellency even after several piles of washing.

The implementation of many environmental and health regulations surrounding the use of textile colorants further restricts industry growth. Due to the massive volumes of water utilized as a solvent in textile dyeing processes, water waste also happens as a result, adding to the limits brought on by a lack of water. According to projections, developing novel techniques to cut down on water waste would offer a significant opportunity for market growth. Additionally, improvements in organic dyes that are non-toxic to the environment offer a lucrative opportunity for textile colorants.

US Textile Colorant Market  is poised to grow at a sustainable CAGR for the next forecast year.