Textile Dyes Market

New Product Launches, to Achieve Growth in the Textile Dyes Market. Mergers & Acquisitions was the Key Strategy Adopted by the Major Players to Achieve Growth in the Textile Dyes Market Between 2014 and 2017

The textile dyes market is projected to grow from USD 7.34 Billion in 2017 to USD 9.82 Billion by 2022, at a CAGR of 6.00% between 2017 and 2022. APAC is the largest consumer of textile dyes. Low labor cost and growing demand owing to the large population in APAC countries are some of the factors that are driving the growth of the textile dyes market.

Some of the major players in the textile dyes market include Archroma (Switzerland), Kiri Industries (India), Huntsman Corporation (US), Lanxess (Germany), and Zhejiang Longsheng Group Co (China). These players have adopted various strategies, such as mergers & acquisitions and New Product Launches, to Achieve Growth in the Textile Dyes Market. Mergers & Acquisitions was the Key Strategy Adopted by the Major Players to Achieve Growth in the Textile Dyes Market Between 2014 and 2017. This strategy accounted for a share of 50% of all growth strategies adopted by key market players. This strategy has helped companies enhance their product portfolio and expand global presence.

Archroma is a leading global chemical manufacturer and service provider with a technologically advanced product portfolio of textile-based products. It is one of the leading producers of specialty chemicals and colors. The company operates under three main segments, namely, textile specialties, paper solutions, and emulsion products. The company offers color solutions for a variety of applications, including textile, paper, paints, and coatings. Archroma has been actively involved in acquiring emerging companies in the textile dyes market space. For instance, during 2015–2017, it completed the acquisition of two companies. In September 2017, Archroma announced the acquisition of additional 26% shares of M. Dohmen (of which 49% had been acquired in 2014), a multinational group specializing in the production of textile dyes and chemicals. In July 2015, Archroma acquired the textile chemicals business of BASF. The acquisition is expected to consolidate Archroma’s leading position in supplying chemicals dyes to the global textile industry.

Kiri Industries Ltd. is a diversified chemical company based out of Gujarat, India. It manufactures and exports dyes and dyes intermediates in various forms such as powder, granular, and standardized spray. It is also a supplier of basic chemicals in the Indian market and overseas, serving the needs of many industrial sectors such as automotive, textile, and leather. It manages its business across 50 countries and 7 continents through its 2 geographic business segments, namely, India and outside India. The company is highly focused on organic strategies. For instance, in April 2016, DyStar (subsidiary of Kiri Industries) introduced ‘Cadira Reactive’ – a new module in DyStar’s Resource Efficiency program at Interdye Shanghai. This concept considerably reduces water, waste, and energy consumption. The concept is expected to help brands, retailers, and production partners to reduce the carbon footprint of their textile goods.

Related Reports:

Textile Dyes Market by Dye Type (Direct, Reactive, VAT, Basic, Acid, Disperse), Type (Cellulose, Protein, Synthetic), Fiber Type (Wool, Nylon, Cotton, Viscose, Polyester, Acrylic), and Region (APAC, North America, Europe) - Global Forecast to 2022

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Report Code
CH 6147
Published ON
Apr, 2018
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