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Textile Chemicals Market by Fiber, Product Type, Application And Region - Global Forecast to 2023

Textile Chemicals Market: Global Forecast until 2023

  • September 2018
  • 138 pages
  • ID: 5570351
In this report:
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Growing demand for technical textiles and preferences for better home furnishing and aesthetics driving the rise of textile chemicals market

The overall textile chemicals market size is projected at ~$26.0B in 2018 and is projected to extend ~$31.6B by 2023, at a compound annual growth rate (CAGR) of 4.00 percent between 2018 and 2023. The sector is attesting increase due to the growing demand for technical textile in end-use sectors, like automotive, healthcare, agriculture, and packaging. Increasing trends towards better home furnishing and aesthetics are also driving the consumption of textile chemicals. Nevertheless, Elements such as stringent environmental regulations regarding disposal of textile effluents and cyclic nature of textile markets are responsible for restraining and challenging the industry, respectively.

Synthetic fiber expected to be quickest-rising segment of the textile chemicals market

Synthetic fiber is envisaged to be the quickest-increasing segment of the global textile chemicals market during the estimate period (2018-2023). Extensive use of synthetic fibers in fashion & apparel, electronics, healthcare, packaging, and automotive sectors, along its low price in comparison to natural fibers, is driving its demand in the textile sector.

Finishing agents segment estimated to witness quickest increase during projection period

The finishing agents segment is planned to be the quickest-rising product type in the global textile chemicals market during the outlook period (2018-2023).Finishing is one of the most important procedures in textile manufacturing.

This process implies a chemical treatment for stiffening, softening, moth-proofing, and imparting water repellency, antimicrobial, and fire-proofing characteristics.

Textile chemicals market expected to witness more important rise in technical textile application

Technical textile is intended to be the quickest-increasing consumer of textile chemicals during the estimate period (2018-2023). Strong demand from automobile, construction, healthcare, packaging, and several other markets, along the emergence of new technologies, is driving the sector in this industry segment.

Asia-Pac expected to be the quickest increasing market for textile chemicals

The Asia-Pacific regions is forecasted to be the quickest developing market for textile chemicals during the outlook period. Increase of the textile chemicals market in Asia-Pacific is due to the favorable and cost-effective manufacturing environment, presence of significant consumer base, and supportive government policies.

The market value presented in this analysis has been approved through primary Q&A managed with different market experts, globally. Those primary sources have been divided on the basis of three categories, that is, by company category, by description, and by area.

• By Company category: Tier 1 - 45.0 percent, Tier 2 - 22.0 percent, and Tier 3 - 33.0 percent

• By Description: C-Level Executives- 50.0 percent, D-level - 10.0 percent, and Others - 40.0 percent

• By Area: Asia-Pac - 50.0 percent, Europe (EU) - 20.0 percent, North America continent - 10.0 percent, South America region - 10.0 percent, Middle East (ME) & Africa- 10.0 percent

The industry report also offers company analysis and competitive landscape approved by main market actors, including Archroma, Huntsman, Tanatex Chemicals, DowDuPont, DyStar Group, Wacker Chemie (ETR:WCH), Evonik Industries AG (ETR:EVK), Rudolf Group, and Bozzetto Group.

Segment Research

The study includes the textile chemicals market and its applications across different areas.It estimates the market value and future increase potential of the several market segments, broken down on the basis of product type, fiber type, application, and area.

The analysis also comprises an detailed competitive study of the main market actors together with their company descriptions.

Reasons to acquire this industry report:

From an insight prospect, this market research highlights on different levels of analyses - industry study and company descriptions, which together discuss the basic overviews on the competitive landscape; coming out and high-growth segments of the textile chemicals market; high-growth areas; and sector drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on textile chemicals provided by the top actors in the overall textile chemicals market

• Product Development/Innovative products: In-depth understanding on up-on-coming technologies, Research&development activities, and recent product launches in the overall textile chemicals market

• Market Development: Highlighted information about lucrative, emerging industries - the report analyses the sectors for textile chemicals across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall textile chemicals market

• opposing assessment: Detailed assessment of strategies, products, and manufacturing competences of the key players in the overall textile chemicals market

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