Lucintel's latest market report analyzed that colorants in the global textile chemical provides attractive opportunities in the apparel, household, technical textiles, automotive, and accessory markets. The colorants in the global textile chemical market is expected to reach $8.5 billion by 2028 with a CAGR of 5%. In this market, liquid is the largest segment by product type, whereas apparel is largest by application.
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Based on product type, the colorants in the global textile chemical market is segmented into powder, granules, paste, and liquid. The liquid segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, 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.
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The Colorants in the Global Textile Chemical Market is marked by the presence of several big and small players. Some of the prominent players offering colorants in the global textile chemical include Huntsman Corporation, DyStar, KRONOS, Kiri Industries, and Allied Industrial Corp..
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