Textile Chemicals Market is expected to register a CAGR of 4.3% to reach 29.40 Billion by 2028 | EMERGEN RESEARCH

Textile Chemicals Market

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.

Global Textile Chemicals Market research report offers a panoramic view of the Textile Chemicals market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Textile Chemicals market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals. The study offers a clear understanding of the current market scenario owing to the COVID-19 pandemic and offers a comprehensive analysis of the current and future impact of the pandemic on the overall market landscape.

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Textile manufacturers and vendors are rapidly being compelled to provide textiles that are sustainably manufactured and free of harmful chemicals due to stringent regulations by governments, initiatives by non-governmental organizations, and shifting preferences among end-users. Major brands and stores are requesting that their suppliers show the products’ long-term sustainability. Restricted Substance Lists (RSLs) specifying banned substances and their limitation levels are established for the purpose. A widely used textile chemical in the manufacturing of textiles are dyes.

Textiles is among the most chemical intensive industries and the second-worst polluter of pure water following agriculture, and has caused major environmental hazards in the past. Consumer awareness regarding the benefits of purchasing eco-friendly clothes and textiles is resulting in a shift towards production of materials that have less environmental impact . Low-VOC technology and eco-friendly dyeing processes are being utilized by companies to add color to apparel. Customers are also prepared to pay premium prices for such items. As a result, this new trend of low-VOC product use is opening up significant potential for various apparel companies in terms of technology development.

The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Textile Chemicals market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Textile Chemicals market landscape.

The key companies studied in the report are: 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

The global Textile Chemicals market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Textile Chemicals market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Textile Chemicals market.

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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
      1. Fixative
      2. Dispersants & Levelant
      3. UV Absorber
      4. Other
    • Coating & Sizing Agents
    • Finishing Agents
      1. Flame Retardants
      2. Repellent and Release
      3. Antimicrobial & Anti-inflammatory
      4. Other
    • Bleaching Agents
    • Desizing Agents
    • Yarn Lubricants
    • Scouring Agents
    • Surfactants
      1. Detergents & Dispersing Agents
      2. Wetting Agents
      3. Lubricating Agents
      4. 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
      1. Drapery
      2. Furniture
      3. Carpet
      4. Others
    • Apparel
      1. Innerwear
      2. Outerwear
      3. Sportswear
      4. Others
    • Technical Textile
    • Others

Detailed Regional Analysis covers:

  • 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)

The Textile Chemicals research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.

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The report addresses the following key points:

  • The report estimates the expected market size from 2020-2027
  • The report provides a forecast of market drivers, restraints, and future opportunities for the Textile Chemicals market
  • The report further analyses the changing market dynamics
  • Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
  • Extensive competitive landscape mapping with profiles of the key competitors
  • In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
  • Revenue forecast, country scope, application insights, and product insights

Thank you for reading our report. For any specific details on customization of this report, please get in touch with us. We will ensure the report you get is well-suited to your needs.

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