Sunday, May 26, 2024
spot_img
HomeTechnical ArticlesKnow HowPrediction for Textile Chemicals is to grow slightly

Prediction for Textile Chemicals is to grow slightly

textile-chemicalsTextile chemicals include products like coating and sizing chemicals, finishing agents, colorants and auxiliaries, surfactants, desizing agents, yarn lubricants and bleaching agents. The global textile chemical market is growing at a CAGR of 3.4 per cent.
Asia-Pacific holds the leading position and is expected to maintain its lead in the future. The coating and sizing chemical segment is expected to retain its dominant position, in terms of revenue generation, up to 2022. The applications of textile chemicals include packaging, home furnishings, apparels, and industrial chemicals.

Textile chemicals have a wide range of applications such as dyeing, printing, coating, finishing, and bleaching. Applications of textile chemicals in the apparel sector such as in clothing and footwear are expected to grow in the coming years. Moreover, growth in demand for home furnishings, floor furnishings, and eco-friendly chemical products are some other factors that drive this market.

Unfavorable effects of textile chemicals on the environment may hamper market growth. Product launch is the key strategy adopted by market players to expand their portfolio. Mergers and acquisitions, business expansion, production expansion, and partnerships are the other prominent strategies adopted by key players to sustain the intense competition in the market.

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Exhibition - spot_img
- Industry Associate - spot_img

Upcoming Events

Simillar News

Recent Random

Coloreel Expands into the Sewing Industry Through Partnership with Juki America

In a joint announcement, Juki America and Coloreel today revealed a partnership that will extend Coloreel’s innovative thread dyeing technology to the sewing industry. Coloreel...

Technical Textiles Set to Hit $331.8B Worldwide by 2032

Technical textiles are also known as engineered products which has definite functionality and durability. This is a fast-growing sub-segment in the apparel market. Taking...

Dhaka to host the largest edition of Intex International Textile Sourcing Show from 30 May to 1 June 2024

The 14th edition of Intex Bangladesh, the premier international textile sourcing show, begins on 30th May 2024 at the International Convention City Bashundhara (ICCB)...