Market Size of Europe Textile Dyes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Textile Dyes Market Analysis
The Europe Textile Dye market is projected to register a CAGR of over 3% during the forecast period. Due to the COVID-19 outbreak, nationwide lockdowns around the world disrupted textile dye manufacturing and supply chain activities, however, the conditions recovered in 2021. According to EURATEX, the turnover of the textile and clothing industry in the EU region was 146 billion dollars in 2021, which was an increase of 11% compared to 2020.
- Over the short term, the growing demand for textile dye from the apparel industry is expected to drive the market's growth.
- The stringent environmental regulations are expected to hinder the growth of the market studied.
- Increasing demand for biodegradable materials for textile manufacturing is likely to act as an opportunity for the market studied.
