The global textile colorant market is growing at five per cent. Textiles are used in home furniture such as drapery, carpet, and other furniture. An increasing demand for home furnishing leads to increasing demand for textiles in the market. This, in turn, results in increasing demand for textile colorants, thereby boosting the growth of the global textile colorant market. In regions such as Europe and North America, use of technical textile materials is mandatory for automotive components such as air-bags and seat belts. Markets such as India and China along with Japan are expected to play an important role in driving the demand. This, in turn, is fuelling the textile colorant market growth across the globe.
Textile colorants have a wide application in industries such as apparel, automotive, furniture etc. These industries are growing at a significant growth rate, particularly in developing economies, and the demand for textile colorants in these countries is on the rise. Industrial application is one of the largest segments in the technical textile market and its growth is directly linked with that of industrial production. This is expected to increase demand for various products such as textile auxiliaries and textile colorants. The textile chemical market is a key driving factor for the textile colorant market. Textile chemicals are a class of specialty chemicals that are used in various processes involved in textile and fabric processing.