Transparency Market Research has released a new market report titled "Dyestuff (Black Color) Market for Nylon Textile Fibers for Home Textiles, Apparels and Other (Multi-filament Fiber and Tow) End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020." According to the report, the global dyestuff (black color) market for nylon textile fibers was valued at USD 120.8 million in 2013 and is likely to reach USD 204.3 million growing at a CAGR of 7.8% between 2014 and 2020. The global dyestuff (black color) demand for nylon textile fibers stood at 45.6 kilo tons in 2013.
Dyestuff (black color) is utilized for coloring a broad range of nylon textile fibers such as monofilament fibers, staple fibers and multifilament fibers. Nylon staple fiber is the most widely used type of nylon fiber. Therefore, it was the largest product segment of the global dyestuff (black color) market for nylon textile fibers, accounting for over 48% of the total market revenue in 2013. A wide range of textiles manufactured from these black colored nylon textile fibers are employed in end-user industries such as home textiles, apparels, automotive textiles and agricultural textiles. Nylon fibers are primarily used in the manufacture of different varieties of apparels. Therefore, apparels emerged as the largest end-user segment of the global dyestuff (black color) market for nylon textile fibers, constituting over 45% of the total market revenue in 2013.
Staple fibers segment is anticipated to be the fastest growing product segment of the dyestuff (black color) market for nylon textile fibers in the next few years. Nylon staple fibers can be easily blended with other fibers. Therefore, demand for staple fibers is estimated to increase in the near future. Subsequently, demand for dyestuff (black color) in the staple fiber segment is projected to rise in the next six years. Furthermore, other end-users segment, which includes automotive textiles, agricultural textiles and protective clothing, is likely to be the fastest growing end-user segment of the dyestuff (black color) market for nylon textile fibers in the next few years.
Asia Pacific dominated the dyestuff (black color) market for nylon textile fibers, accounting for over 59% of the total market revenue in 2013. Rising demand for automotive and agricultural textiles is expected to drive the dyestuff (black color) market for nylon textile fibers in Asia Pacific in the near future. RoW is anticipated to be the fastest growing region in the dyestuff (black color) market for nylon textile fibers. Increasing demand from Latin America and the Middle East is predicted to drive the dyestuff (black color) market for nylon textile fibers in RoW in the near future. Furthermore, steady recovery of North America and Europe from the economic crisis is projected to generate a positive outlook for the dyestuff (black color) market for nylon textile fibers in the near future. Major players in the dyestuff (black color) market for nylon textile fibers include Sumitomo Chemical Company Ltd., Clariant AG, Huntsman Corporation, BASF SE, Arkema SA, DuPont, Kemira, Lanxess AG, Rockwood Pigments, Inc. and Kiri Industries Ltd.
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