adv-06 adv-06

The textile chemicals market in Europe is growing at 4.20 %

adv-07

textile-chemicals-marketA sharp growth in textile chemical market in Europe. Categories of the European textile chemicals market are finishing agents, coating and sizing chemicals, colorants and auxiliaries, surfactants, bleaching agents, desizing agents, and yarn lubricants. Coating and sizing chemicals are the largest segment in the market. However, the finishing agents segment is expected to catch up owing to the growing demand for high-quality fabrics. On the basis of application, the market is segmented into: indutech, sportech, mobiltech, buildtech, hometech, meditech, clothtech, protech, agrotech, packtech, geotech and oekotech. Mobiltech registered the highest growth in the market and accounts for a 25 per cent market share. The growth of the segment can be attributed to its extensive demand from industries such as railways, automotives, spacecraft, ships, and aircraft. The agrotech segment is expected to be the most rapidly developing application segment by 2020 owing to the extensive use of agrotech chemicals in horticulture, forestry, landscape gardening, floriculture, and agriculture. Rapid increase in the number of organic farms in Europe will further fuel the demand for agrotech chemicals.