Acid Dyes And Direct Dyes Expected To Perform Well In 2011
“A person’s life is dyed with the color of his imagination.” – Marcus Aurelius Antonius
According to a new research report published by Global Industry Analysts Inc, global textile dyes market is expected to touch $5.5 billion by 2015. This is a great piece of news for the dyes suppliers as they are just coming even to the terms of market upheaval.
Textile – a high volume trade commodity, used to be considered immune from economic tremors , however, this myth was blown to pieces during recession. However, after the economic slump of 2009, the demand for garments and apparels has shown a positive curve and so has the demand for the textile dyes.
News reports further reveal that “With demand declining to unprecedented levels, companies also resorted to plant closures which resulted in significant drop in inventory throughout the textile value chain.” On the other hand, there were also, many wholesalers who struggled with overcapacity and diminished operating margins, in the wake of excessive production mainly from India and China.
Trade analysts say that textile printing – an essential element of textile industry is the main source of demand for textile dyes. The prominent textile dyes which rule the market are acid dyes, basic dyes, direct dyes, disperse dyes, reactive dyes, sulphur dyes and vat dyes.
Amongst the big players (most of them from US), the market is led by Allied Industrial, Clariant AG, DyStar, Huntsman Corporation and Sumitomo Chemical.
Industry insiders insist that the market recovery depends completely on the surge in demand from US and Europe. As far as the Asia-Pacific is considered, China, Taiwan and Korea possess stronghold in disperse dyes, whereas India holds dominant position in production of reactive dyes.
Dyes industry’s growth is dependent on many factors including the ever-changing customer preferences, rising infrastructure costs, technical expertise and investment in R&D activities.
More or less, a smooth road ahead is predicted for dyes suppliers and manufacturers, however, the sole problem area could be the green activists ecological concerns as more and more countries are coming up with stringent environmental regulations.
Overall, textile dyes and chemical industry is expected to do well in 2011.
PS: If you are an acid dye supplier or a direct dye manufacturer, get your online catalog today and make profits by tapping the business queries being generated across the globe on the web 24/7. To know more, click on online business catalogs
About the Author
I am a B2B industry analyst. I write about the export industry in India and abroad. My articles attempts to track the EXIM community’s present issues and future challenges in the various industry segments. Hope I am able to provide some valuable information to the exporters and manufacturers in India and across the globe.
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