Worldwide, the textile industry is recognized among the supreme chemical demanding industries. Around 9.3 [HS1] million metric tons of chemicals are used in the production of global textiles in a span of a year. Innovative products development in the textile industry is on the rise to meet the continuous demand from consumers. Therefore, IndustryARC opinions that the global textile chemicals market is poised for fruitful returns, estimating its value at $26.2 billion in 2018 and projecting the opportunities to grow at a CAGR of 4.5% throughout the forecast period 2019-2025.
The report is titled: “Textile Chemicals Market: By Process; By Textile Type, By Chemical Type (Pre-treatment Chemicals, Textile Dyeing Chemicals, Dyeing, and Printing Chemicals, Finishing Chemicals, Others); By End-user Application (Home Furnishing, Apparel, Industrial and Others) By Geography (North America, Europe, APAC and Row) – Forecast (2019-2025).” This market research report provides a detailed analysis of the competitive landscape, product market sizing, market trends, financial analysis, strategic analysis and potential opportunities of the market.
Global Textile Chemicals Market: Demand Analysis
Textile finishing chemicals play a crucial role in textile processing. The increasing use of high-performance textiles is directly proportional to the rise in chemical finishes. Functionalities involved in chemical finishing such as antimicrobial, flame retardant, water, and soil repellency, thermophysiological comfort, protection, cosmetotextiles, and self-cleaning improves the high performance of apparel. Specialty chemicals are highly preferred in the Indian chemical industry. It plays a major role in the dyeing and processing of textiles in which it imparts the essential properties for a final product.
Global Textile Chemicals Market: Leading Segments
APAC held as a the leading region as of 2018, with its regional share of about 53% in the global textile chemicals market. China’s dyestuff exports to Vietnam increased from 10,063 tons to 15,842 tons, which reflects a CAGR of 12% during 2013-2017. In addition to this, the world’s biggest dyestuff show named “China Interdye” is creating significant opportunities for the development of the dyestuff industry. China and India are the most prominent countries which are yielding huge profits in the textile industry.
Apparel is identified as the fastest growing application among medical, construction, transportation, agriculture, and packaging applications. Opportunities in this textile chemicals market segment will be growing at a CAGR of 5% over the aforesaid period. Stable performance of a chemical is calculated from major apparel brands along from the mills as well. Textile chemicals offer durable, comfortable and stylish clothing in practical life. These factors altogether driving the growth of clothing application in the global textile chemicals market.
Global Textile Chemicals Market: Disruptive Trends
o The rise in demand for sustainability in the fashion industry thriving the growth of eco-friendly chemicals.
o Low cost of production coupled with the skilled manpower in the Asian countries are scaling up the growth of textile chemicals in the APAC region.
o Apparels, home furnishings, and industrial applications of textile chemicals are enhancing the necessity of textile chemicals.
Global Textile Chemicals Market: Competitive Landscape
Archroma, Huntsman, Tanatex Chemicals, DuPont, DyStar Group, Wacker Chemie AG, Evonik Industries, Rudolf Group, Bozzetto Group., Kemin Industries, Covestro, Croda Chemicals, CHT Group are some of the key companies which are holding major market share in the global textile chemicals market.
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A. Fermentation Chemicals Market
B. Textile Dyes Market
C. Specialty Chemicals Market
D. Textile Coatings Market
What can you expect from the report?
The textile chemicals market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.