Regional Insights
North America, followed by Europe and Asia Pacific, respectively accounted for major share in the global dyestuff for cotton market both in terms of revenue and volume in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, North America held a share of 33.10% in terms of volume, followed by Europe (28.10%). Ever since, Asia Pacific is growing as a prominent hub for textiles industry across the region, due to low production cost which in turn is expected to create a lucrative opportunity for dyestuff for cotton market during the forecast period. Also, Middle East is expected to create major growth opportunity for textile industry due to large amounts of hydrocarbons deposits and high economies of scale in the region. This creates a highly conducive environment for manufacturers of nylon fibers and resin. These nylons are widely used in textile industry, which in turn is expected to fuel growth of the dyestuff for cotton market during the forecast period.