The textile dyes market size was valued USD 8.3 billion in 2020 to USD 11.8 billion by 2027, at a CAGR of 6.1%, during the forecast period. Some of the key factors propelling the market growth are increasing demand for dyes in emerging countries, growing consumer awareness and interest for fabrics. However, factors such as strict regulations imposed on the usage of these dyes and environmental issues raised with the usage of toxic metals are hindering the market growth. Dyes are chemicals that, when applied to a substrate, provide colour through a specific process. Dyeing has the ability to change the crystal structure of coloured substances. Textiles, pharmaceuticals, food, cosmetics, and paper industries all utilise dyes with colouring capacity. Textile dyes are used on yarns, fibres, and fabrics, among other things. Acid dyes, which are mostly used to colour wool, silk, and nylon, and direct or substantive dyes, which have a strong affinity for cellulose fibres, are two types of textile dyes. Consumer demand for textiles in various applications drives the growth of the textile dyes industry. Textile dyes’ growth is also fueled by decreasing manufacturing costs due to the availability of low-cost raw materials and manpower. The dye business has been significantly influenced by the rise in environmental contamination produced by harmful compounds such as lead, arsenic, and heavy metals in colours. Furthermore, due to the implementation of different health and environmental restrictions regarding the use of textile dyes, market expansion is restricted. Furthermore, textile dyeing procedures need a lot of water as a solvent, resulting in water waste, which acts as a constraint due to water scarcity.