Textile Colourant Market to Grow at a CAGR of 4.8% Through 2026
Verfasser: Monicafmi31 on Friday, 19 May 2017Apparel segment by application is expected to remain dominant in the global textile colourant market over the forecast period
Value share of the apparel segment is expected to increase significantly over the forecast period, owing to a rising demand for apparel across the globe. The segment accounted for more than 45% value share in 2016 and is expected to reach a market valuation slightly in excess of 50% by the end of the forecast period, with a gain of 120 basis points in 2026 as compared to 2016. This segment is expected to exhibit a CAGR of 5.0% over the forecast period. The automotive application segment was valued at more than US$ 500 Mn in 2016 and is expected to increase at a CAGR of 4.4% over the forecast period to reach more than US$ 750 Mn by the end of 2026. The household segment by application in the global textile colourant market is expected to create absolute $ opportunity of more than US$ 70 Mn in 2017 over 2016 and incremental $ opportunity of close to US$ 1,000 Mn between 2015 and 2026. In terms of value, the household segment is expected to increase 1.7X by 2026 end. In terms of volume, the accessories segment is expected to expand at a relatively low CAGR over the forecast period, attributed to less demand for textiles in the accessories industry.
Home furnishing market will have a fairly high influence on the global textile colourant market