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Textile Chemicals Market By Product (Coating And Sizing Chemicals, Finishing Agents, Colorants And Auxiliaries, Surfactants, Desizing Agents, Yarn Lubricants, Bleaching Agents), By Application (Home Furnishings, Apparel Industries, Industrial And Other Applications) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Textile chemicals play a vital role in various commercial and industrial sectors. Textile chemicals are used for the well-organized manufacturing process of textiles and give the desired end product specifications. Rising demand for eco-friendly fabrics in the global textile market has propelled manufacturers to develop chemicals that boost the endurability of textile production. The use of nanotechnology in the textile industry has led to the manufacturing of high-quality chemical resistance fiber with sustainable strength, antibacterial properties, and water-repellence properties. The home furnishing segment is the largest and accounted for more than 35% of the global textile chemicals market in 2016. The textile chemicals industry is driven by continuous R&D to develop innovative textile products. Implementation of innovative technologies, along with the growing clothing demand, has braced the growth of textile chemicals.

Asia-Pacific was the leading market for global textile chemicals, accounting for more than 55% of the total market in 2016. China and India are the prime consumers of textile chemicals owing to the huge production of apparel and textiles. Increasing domestic demand, growing exports, cheap labor availability, and low production costs are the key factors driving the future market of textile chemicals in Asia-Pacific.

The report titled "Textile Chemicals Market-Growth, Future Prospects and Competitive Analysis, 2017–2025" offers strategic insights into the textile chemicals market along with the market size and estimates for the duration of 2015 to 2025. The said research study covers an in-depth analysis of multiple market segments based on product type, application, and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for 2016 and 2025. The report also thoroughly examines market dynamics, such as market drivers, trends, restraints, and opportunities. The report incorporates a separate section highlighting key trends and analysis of the overall textile chemical market.

In order to help the strategic decision-makers, the report also includes profiles of the leading textile chemical manufacturers, their business strategies, and key developments. Some of the major players profiled in the report are Archroma, BASF SE, Bayer AG, Covestro AG, Dow Chemical Company, Fibro Chem, LLC, German Chemicals Ltd., Huntsman International LLC, Kiri Industries Limited, Omnova Solutions, Inc., Omya United Chemicals, Pulcra Chemicals, Sumitomo Chemicals Co., Ltd., and The Lubrizol Corporation. The section further includes a brief on key strategies adopted by the major players operating in the market. Other in-depth analysis provided in the report includes:

  • Current and projected market trends to support the attractive markets in the textile chemicals market
  • Market drivers, market impediments, and their impact on the market's growth
  • In-depth examination of the competitive environment
  • Market size data for the previous two years (2015-2016)
  • SRC (Segment-Region-Country) Analysis.

Overall, the research study provides the following:

  • A holistic view of the textile chemicals market.
  • Offering market size and estimates for the period from 2017 to 2025.
  • Keeping in mind the above-mentioned factors.

Based on the product type, the textile chemical market is segmented as follows:

  • Coating and Sizing Chemicals
  • Finishing Agents
  • Colorants and Auxiliaries
  • Surfactants
  • Desizing Agents
  • Yarn Lubricants
  • Bleaching Agents

Coating and sizing textile chemicals were the largest markets in 2016. It is expected to dominate the product segment during the forecast period, with a share of more than 40% of the global textile chemical market by 2025. Coating textile chemicals helps to enrich the physical and mechanical appearances of fabric, whereas sizing textile chemicals improves the strength and graze resistance of yarn. The demand for durability, flexibility, elasticity and numerous resistance properties in fabrics is expected to enhance the growth during the forecast period. On the other hand, the colorants and auxiliaries segment is projected to show sluggish growth over the forecast period due to the growing demand for substitute products such as pigments.

Based on the application, the textile chemical market is segmented as follows:

  • Home Furnishings
  • Apparel Industries
  • Industrial and other applications

Home furnishing applications were the largest market in 2016, with a share of more than 35% of the total application segment. The growth of the real estate and housing sectors in developing countries such as China and India has increased the demand for home furnishing applications. In addition, consumer spending on home furnishing in developing countries is expected to increase demand for building materials and other architectural applications. Moreover, growing infrastructural development and increasing urbanization are anticipated to boost the industry's growth. As a result, industrial and other applications are expected to show decent growth during the forecast period. Increasing demand for excellent quality textiles to ensure safety and to provide protection at a time of variability of temperature and pressure is also driving the demand for textile chemicals in industrial applications.

For this study, the global textile chemical market is broken down into the following regions and sub-regions:

  • North America (U.S. and Canada).
  • Europe (France, Germany, Spain, Italy, the U.K., and the rest of Europe)
  • Asia Pacific (China, India, and the Rest of Asia Pacific)
  • Brazil, Mexico, and Latin America as a whole)
  • Africa and the Middle East (Saudi Arabia and the rest of the Middle East and Africa)

Asia-Pacific accounted for more than 55% of the total textile chemical market in 2016 and is projected to be the dominating region during the forecast period. Growing textile production and the government's encouragement to promote their industry, especially in countries such as India, China, Malaysia, Vietnam, Bangladesh, and Indonesia, are expected to drive the regional textile chemical market. China is the largest producer and consumer of textile chemicals globally. China has a large domestic demand for textile chemicals and also exports a large amount to countries such as the United States, Japan, and Europe. In addition, the rise in disposable incomes of the population has led to a boost in the domestic consumption of apparel, especially in appeals and home furnishings.

Frequently asked questions :

The market for Textile Chemicals Market is expected to reach US$ 30.23 Bn By 2025.

The Textile Chemicals Market is expected to see significant CAGR growth over the coming years, at 3.7%.

The report is forecasted from 2016-2025.

The base year of this report is 2021.

Archroma, BASF SE, Bayer AG,Covestro AG, Dow Chemical Companyare some of the major players in the global market.

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Published Date:  Sep 2017
Category:  Chemicals
Report ID:   57885
Report Format:   PDF
Pages:   120
Rating:    4.1 (40)
Delivery Time: 24 Hours to 48 Hours   
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