The global textile industry is undergoing a major transformation. Consumers nowadays prefer synthetic textile fibres over cotton fibre and carbon black, one of the primary dyeing substances utilised to dye textile fibers. Synthetic textile fibres are, therefore, witnessing soaring demand as a result of this shift in consumer preference. According to a market study published by Transparency Market Research (TMR), the global carbon black market for textile fibers stood at $597.2 million in 2012 and it is expected to rise at a CAGR of 7.10 per cent from 2013 to 2019 and reach $964.4 million.
The global carbon black market for textile fibres is analysed on the basis of types of products and end users. Polyester, acrylic, and nylon are the key segment of this market based on products. The carbon black market for polyester fibres dominates the global carbon black market with a majority share. Owing to the wide usage of polyester, this market segment is likely to maintain its dominance in the coming years as well.
The markets for apparel, home textiles, automotive, protective clothing, and agriculture are the key end users of carbon black. The apparel market has emerged as the biggest consumer of carbon black for textile fibres, accounting for more than half of this market. While this market segment is likely to continue to lead, the demand from the agriculture textile and automotive textile industries is projected to witness immense growth over the next few years.
North America, Asia Pacific, Europe, and the Rest of the World are the main regional markets for carbon used in textile fibres. Asia Pacific at present is dominating the global market for carbon black used in textile fibres. The high growth rate of the GDP in developing Asian countries such as India and China is driving the textile industry in this region, thereby fueling the demand for carbon black used in textile fibres.
The Europe carbon black market for textile fiber has occupied the second position among the regional markets and the North America and the Rest of the world are also witnessing robust demand for carbon at present. The soaring demand for synthetic fibres from the Middle East is expected to drive the demand for carbon black utilised in textile fibres in the Rest of the World. Analysts expect the Rest of the World market to report the fastest growth over the next few years.
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