Monday, June 24, 2024
spot_imgspot_img
spot_imgspot_img
HomeNews & ViewsIndustry FocusTextile Chemicals Market Estimated to Expand at a CAGR of 3.2% during 2016 to...

Textile Chemicals Market Estimated to Expand at a CAGR of 3.2% during 2016 to 2023

textile-chemicalsAccording to MRFR analysis, the Global Textile Chemicals Market size was estimated at USD 9.80 Million in 2016, the market will expand at CAGR of over 3.2% through 2022. Global apparel industry is expected to drive the market over the forecasted period. Increasing demand for technical textile across numerous end-use applications is also expected to be beneficial for the overall market growth.

Good qualities are used into technical textile products as compared to their conventional counterparts. Demand for technical apparel is increasing in the U.S. amongst end-use industries such as home furnishings, apparel, industrial textiles, technical textiles the demand for specialty chemicals required for is production has also enlarged.

The products comprise wetting agents, emulsifiers, dispersants, detergents, chelating agents, and biocide active ingredients. Growing environment concern regarding the adverse effects of these chemicals may emerge as a major barrier to the overall market development. Contaminated water and water shortages caused by an intensive fabric industry may have extensive local consequences in the manufacturing countries. Stringent environmental regulation such as Integrated Pollution Prevention and Control (IPPC) along with Emission Trading System (ETS) and regulation on registration, evaluation, authorization and restriction of chemicals is expected to hinder growth.

Technological improvement coupled with growing clothing demand is allowing manufacturers to offer exceptional marketing points such as stain-resistance, wrinkle-resistance, soft finish and antimicrobial properties to provide enhanced performance and comfort to customers. Moreover, increasing consumer spending towards high quality products especially in Canada and Mexico is anticipated to positively influence the industry over the forecast period.

Textile chemicals have the ability to make fabric versatile, stronger, and enhanced their original characteristics. The U.S. textile chemicals industry is driven by the development of technical fabrics, presence of multinational companies and continuous R&D to discover novel textile products. High adoption of advanced technologies and increasing number of manufacturing lines to support the growing clothing demand are some of the factors boosting the industry growth in the region.

Key Players:

Key Companies in the Textile Chemicals Industry include BASF SE, Zydus Pharmaceuticals Ltd., Medicamen Biotech Ltd., Jiangxi Tianxin Pharmaceutical Co. Ltd., and Koninklijke DSM N.V. among others. BASF SE, Bayer AG, Dow Chemical Company, Huntsman International LLC, Sumitomo Chemicals Co., Ltd., AkzoNobel, Arkema, Kiri Industries, Lubrizol, Omnova Solutions, Pulcra Chemicals, and Sumitomo Chemical.

Regional Analysis:

Asia Pacific region is expected to maintain its dominance in the global market. Emerging markets of China, japan and India are expected to boost the Asia Pacific Textile Chemicals market. Other emerging markets are North America, Europe and the Middle East countries. Asia Pacific has the largest market share for global Textile Chemicals, followed by Europe and Row.

Segmentation:

The Global Textile Chemicals Market is majorly segmented on the basis of Type and Application.

  • Based on the Type, the market is segmented into pre-treatment chemicals, furnishing chemicals, colorants, coating chemicals, dyeing & printing chemicals.
  • Based on the Application, the market is segmented into home furnishings, apparel, industrial textiles, and technical textiles.

Source: Market Research Future (MRFR)

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
Sign Me Up
- Industry Associate - spot_img

Upcoming Events

Simillar News

Recent Random

Together, we can weave a future where sustainability is not the exception but the norm

IntroductoryAs a legitimate representative of USB Certification Bangladesh, I am honored to address all of you regarding the vital sustainable sectors in the textile...

This Eco-hero gave a second life to plastic bottles

Sarmin Sultana LimaApproximately 480 billion plastic water bottles are produced annually. But most of them are disposed in landfills. This affects our environment. So...

Renewcell Bankruptcy: A Setback for Circular Fashion Technology

Introduction: Renewcell offered hope in sustainable fashion, where creativity and environmental awareness coexist. The Swedish company, known for its innovative work in circular fashion...
Get hand picked industry updates delivered straight to your inbox
Sign Me Up

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE