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.
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Textile Chemicals market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Textile Chemicals market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Key Players Profiled 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
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Some Key Highlights
- Technical textile segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing usage of textile chemicals in technical textiles. Usage is expected to rise due to rising awareness about better function and uses of such products in various industries.
- Coating & sizing agents segment is expected to register a significantly robust revenue growth rate over the forecast period. Sizing chemicals are widely used to improve yarn abrasion strength and resistance in weaving. Use of sizing chemicals lowers weaving hazards, including yarn fraying and breakage during weaving process.
- Asia Pacific is expected to register a significantly rapid revenue growth rate over the forecast period. Low manufacturing costs in countries in Asia Pacific, along with rapid introduction of cutting-edge technologies in the manufacturing process by companies is expected to drive revenue growth of the market in this region.
Furthermore, the report provides a comprehensive overview of the Textile Chemicals market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.
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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
- Fixative
- Dispersants & Levelant
- UV Absorber
- Other
- Coating & Sizing Agents
- Finishing Agents
- Flame Retardants
- Repellent and Release
- Antimicrobial & Anti-inflammatory
- Other
- Bleaching Agents
- Desizing Agents
- Yarn Lubricants
- Scouring Agents
- Surfactants
- Detergents & Dispersing Agents
- Wetting Agents
- Lubricating Agents
- 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
- Drapery
- Furniture
- Carpet
- Others
- Apparel
- Innerwear
- Outerwear
- Sportswear
- Others
- Technical Textile
- Others
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Textile Chemicals market expected to boost the growth of the industry in the coming years.
Key Questions Answered in the Report:
What is the growth rate of the Textile Chemicals market? What is the anticipated market valuation of Textile Chemicals industry by 2028?
What are the key growth driving and restraining factors of the Textile Chemicals market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Textile Chemicals industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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