Textile Chemicals Market Growth, Trend, Size, Share, Top Key Players and Forecast Till 2028
The global textile chemicals market size reached USD 21.23 Billion in 2020 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for technical textiles as well as increased use of biodegradable and low Volatile Organic Compound (VOC) materials in textile manufacturing are some key factors driving global textile chemicals market revenue growth. In addition, increasing urbanization and industrialization in countries across the globe are trends projected to continue to support revenue growth of the market between 2021 and 2028.
Textile Chemicals Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the textile chemicals industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the textile chemicals market along with crucial statistical data about the textile chemicals market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2028. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
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Some Key Highlights From the Report
Technical textile segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing usage of textile chemicals in technical textiles. Usage is expected to rise due to rising awareness about better function and uses of such products in various industries.
Coating & sizing agents segment is expected to register a significantly robust revenue growth rate over the forecast period. Sizing chemicals are widely used to improve yarn abrasion strength and resistance in weaving. Use of sizing chemicals lowers weaving hazards, including yarn fraying and breakage during weaving process.
Asia Pacific is expected to register a significantly rapid revenue growth rate over the forecast period. Low manufacturing costs in countries in Asia Pacific, along with rapid introduction of cutting-edge technologies in the manufacturing process by companies is expected to drive revenue growth of the market in this region.
Some major companies in the market include BASF SE, Wacker Chemie AG, Solvay S.A., Huntsman Corporation, The Dow Chemical Company, Sumitomo Chemicals Co. Ltd., The Lubrizol Corporation, Tata Chemicals Limited, Kemira Oyj, and Evonik Industries AG
In November 2020, The Porocel Group was acquired by Evonik Industries AG for USD 210.0 million. The company, together with its around 300 workforce and production facilities, will be merged into Evonik’s smart materials business.
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Emergen Research has segmented the global textile chemicals on the basis of product type, fiber type, application, and region:
Product Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Colorants & Auxiliaries
Fixative
Dispersants & Levelant
UV Absorber
Other
Coating & Sizing Agents
Finishing Agents
Flame Retardants
Repellent and Release
Antimicrobial & Anti-inflammatory
Other
Bleaching Agents
Desizing Agents
Yarn Lubricants
Scouring Agents
Surfactants
Detergents & Dispersing Agents
Wetting Agents
Lubricating Agents
Emulsifying Agents
Others
Fiber Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Natural Fiber
Synthetic Fiber
Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
Home Textile
Drapery
Furniture
Carpet
Others
Apparel
Innerwear
Outerwear
Sportswear
Others
Technical Textile
Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Dynamics:
The report offers insightful information about the market dynamics of the textile chemicals market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the textile chemicals market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the textile chemicals market.
Radical Highlights of the textile chemicals Market Report:
Comprehensive overview of the textile chemicals market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the textile chemicals market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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