Tanning and Dyeing Market Size, Share, Growth, and Industry Analysis by Type (Basic Chemical Materials, Dyestuff, Auxiliary, and Other), By Application (Clothing, Automobile, and Other), Regional Insights, and Forecast To 2031

TANNING AND DYEING MARKET REPORT OVERVIEW

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The global tanning and dyeing market size is estimated to be USD 4319.5 million in 2022 and is projected to touch USD 6997.77 million by 2031, at a CAGR of 5.5% during the forecast period.

Tanning is a process to convert hide to leather. The application used in the process such as tannic acid/ tannin to textile material is known as tanning. The process is extensively used in dying basic dyes. On the other hand, dyeing is the process to add color or changing color. The process is used in textile materials such as yarns, fibers, and fabrics with the goal of accomplishing color with preferred color fastness.

The market is expected to witness positive growth owing to increased demand for textiles in various applications. The product is extensively used in manufacturing household textiles. High adoption of the process in several applications is estimated to expand market growth. The product has numerous advantages such as recyclability, weather-resistant, high strength, high elasticity, and others. Further, it is widely available and cost-effective. These factors are estimated to fuel market progress in the upcoming years. Huge demand for garments and inclined preferences for different colors of clothes are predicted to surge market progress. In addition, rapid urbanization and industrialization are expected to propel market growth. On the contrary, the rise in environmental pollution caused by toxic substances such as arsenic, lead, and heavy metals in dyes is expected to negatively impact the tanning and dyeing market progress. The process required a huge amount of water and high awareness about the scarcity of water is predicted to hamper market growth over the forecast period.

COVID-19 Impact: Closure of Textile Industry and Lower Demand for Tanning and Dyeing Process to Restrict Market Progress

The global COVID-19 pandemic has been unprecedented and staggering, with tanning and dyeing experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The sudden outbreak of the COVID-19 pandemic disrupted the supply chain of the market. The closure of the textile industry coupled with lower demand for the process reduced market progress. Furthermore, the change in consumer preferences during the pandemic impacted the economic growth of the market.

LATEST TRENDS

"Growth in Textile Sector to Foster Market Progress"

High demand for the textile industry among consumers is estimated to surge the market growth. The process is used in the textile industry to add color and change color. The process is used in textile products such as polyester, denim, cotton, wool, nylon, acrylics fur, silk, and others are colored by using the process. The process adds coloring agents or pigments to the clothes. These factors are predicted to expand market growth in the upcoming years. Increased research and development (R&D) activities by prominent market players coupled with high demand for aspiration clothing are anticipated to drive tanning and dyeing market progress.

TANNING AND DYEING MARKET SEGMENTATION

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• By Type

Based on type, the market is divided into, dyestuff, auxiliary, basic chemical materials, and others.

Basic chemical materials are estimated to be the leading part of type segmentation.

• By Application

Based on application, the market is classified into clothing, automobile, and others.

Clothing is estimated to be the leading part of application segmentation.

DRIVING FACTORS

"Increase in Penetration of the Internet and Rise in Online Shopping to Incite Market Progress"

An increase in penetration of the internet coupled with the growing adoption of online shopping is estimated to surge market growth. Consumers are searching for an easy shopping process, easy return policies, and better offers. Further, a wide range of clothes are available online, and the high spending capacity of consumers. These factors are anticipated to expand market growth. The product is extensively used in manufacturing household textiles. High adoption of the process in several applications is estimated to expand market growth. The product has numerous advantages such as recyclability, weather-resistant, high strength, high elasticity, and others. Further, it is widely available and cost-effective. These factors are estimated to fuel the tanning and dyeing market progress in the upcoming years.

"Rapid Urbanization and Several Benefits of the Process to Stimulate Market Growth"

Rapid urbanization and industrialization coupled with multiple benefits of the process such as cost-effectiveness and versatility are predicated to expand market growth. The products are used in outwear fabrics, and winter wear, due to the process having moisture resistance properties. Such advantages of the process are projected to expand market growth in the forthcoming years. Further, clothing in the present day become a symbol of status, personality, and aspiration. Inclined consumer preference towards aspiration clothing is anticipated to fuel tanning and dyeing market growth.

RESTRAINING FACTORS

The rise in environmental pollution caused by toxic substances such as arsenic, lead, and heavy metals in dyes is expected to negatively impact market progress. The process required a huge amount of water and high awareness about the scarcity of water is predicted to hamper market growth over the forecast period.

TANNING AND DYEING MARKET REGIONAL INSIGHTS

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"High Demand for Clothes and Expanding Textile Dye Companies in Asia Pacific to Drive Market Share "

Asia Pacific is estimated to hold the highest revenue for tanning and dyeing market share owing to the high demand for apparel and clothes. Rapid urbanization and the presence of the biggest market for textiles in the region are predicted to surge market growth. The high population and expanding textile dye companies in India and China are estimated to propel market growth. An increase in penetration of the internet coupled with the growing adoption of online shopping is estimated to surge the market growth in the forecast period.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the Industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List Of Top Tanning and Dyeing Companies

• BASF SE (Germany)
• Bayer AG (Germany)
• Chemtan Company (U.S.)
• Clariant International Ltd. (Switzerland)
• DyStar Singapore Pte Ltd. (Singapore)
• Elementis plc (U.K.)
• Lanxess AG (Germany)
• Schill & Seilacher Gmbh & Co. KG (Germany)
• Stahl International BV (Netherlands)
• TFL Ledertechnik Gmbh & Co. KG (Germany)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.