New York, NY, Nov. 30, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Textile Chemicals Market by Fiber (Natural, Synthetic), by Product Type (Coating & Sizing, Colorants & Auxiliaries, Finishing Agents, Desizing Agents, Surfactants, Bleaching Agents, and Others), and by Application (Apparels, Home Textile, Technical Textile, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024’’. According to the report, the global textile chemical market was valued at around USD 2500 million in 2017 and is expected to reach approximately USD 3160 million by 2024, growing at a CAGR of slightly above 4.5% between 2018 and 2024.
The textile industry can also be termed as a chemical dependent industry, as it utilizes a variety of chemicals during the manufacturing process. Textile chemicals include a huge range of products, such as surfactants, starch, sulfonated oils, and grease, among various other products. These chemicals are largely used for applications in pre-treatment processes, like coatings, sizing, etc.
Browse through 81 Tables & 30 Figures spread over 115 Pages and in-depth TOC on “Global Textile Chemicals Market: Type, Application, Industry Size, Trends, Share and Forecast, 2017 – 2024”.
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Growing industrialization across different countries, such as China, India, etc., is the major reason for improved sales of the textile chemicals market in the last few years. China is one of the largest producers of textile chemicals around the globe. The country has large domestic consumption of textile chemicals and also exports huge volumes of materials to Japan, Europe, and America. On the other hand, India also has a massive market for textile chemicals and has its domestic production and exports of materials like cotton, synthetic fibers, and others. The increase in the disposable income has helped the country in supporting the growth of this market. The demand for technical textile is rapidly increasing. These textiles are largely favored in industries where there is a demand for superior properties and functionality. Automotive, construction, packaging, and healthcare industries are some of the major contributors to the growth of this market. The technical textile market is anticipated to have a market value of approximately USD 950 million by 2025. The coating and sizing chemicals are one of the most-used products for the textile chemicals market. However, stringent environmental regulations regarding the disposal of textile effluents are acting as a key restraining factor for this market. Nevertheless, increasing demand for technical textile is anticipated to provide new opportunities for the major players of the global textile chemicals market.
The global textile chemicals market is diversified based on product type, application, and fiber type. By product type, the market for global textile chemicals is divided into colorant & auxiliaries, bleaching agent, finishing agents, surfactants, coating & sizing agents, desizing agents, and others. By application, the market is classified into apparels, home textile, technical textile, and others. The apparels are further divided into sportswear, intimates, and outerwear. The home textile is sub-segmented into bed linens, carpets, curtains, and others. By fiber type, the market is bifurcated into the natural and synthetic fiber. The natural fiber is further segmented into cotton, wool, and others. The synthetic fiber is sub-segmented into polyester, polyamide, viscose, and others.
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The apparel segment is anticipated to be the major end-user of the global textile chemicals market and is anticipated to grow at a high growth rate over the forecast period. Moreover, rapid urbanization in the Asia Pacific is also anticipated to increase the demand for the textile chemicals market.
The regional segmentation of the textile chemicals market includes Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Asia Pacific region is expected to have the highest market growth in the future. This can be attributed to the high supply and demand of the textile chemicals in the region. Countries like China and India have a huge consumer base for apparels market. China is listed among the top countries for textile chemicals’ consumption and is expected to witness a huge growth rate in the years to come. Moreover, increasing disposable income in the region has further helped in improving the demand for textile chemicals in the region. The availability of cheap labor and raw material in the region has resulted in the region now holding around 60% of the global textile chemicals market.
Browse the full "Textile Chemicals Market by Fiber (Natural, Synthetic), by Product Type (Coating & Sizing, Colorants & Auxiliaries, Finishing Agents, Desizing Agents, Surfactants, Bleaching Agents, and Others), and by Application (Apparels, Home Textile, Technical Textile, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024" report at https://www.zionmarketresearch.com/report/textile-chemicals-market
North America is another key region for the textile chemicals market and is likely to witness a high growth rate in the future, due to the growing textile industries in the region. Moreover, various technological advances happening across the region are further driving the growth of this market. The different key players in the region are focusing on new technological developments to support the growth of the market for textile chemicals in the region. The apparels industry is the dominating industry in the region, which is further boosting the growth of the textile chemicals market in North America.
Europe is likely to witness sluggish growth in the textile chemicals market in the forecast timeframe. The apparels market is expected to be the most dominant end-user in the European region, which, in turn, will increase the usage of textile chemicals in the region as well. The technological developments in the market are also anticipated to further support this market’s growth. The European Union has implemented integrated Pollution Prevention and Control Directive in order to restrict the usage of harmful chemicals that might have a negative effect on the overall growth of the textile chemicals market in this region.
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Some key players operating in the global textile chemicals market includeArchroma, Tanatex Chemicals, Huntsman, Dowdupont, Evonik Industries, WackerChemie AG, Rudolf Group, Bozzetto Group, Dystar Group, and AkzoNobel N.V., among others.
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This report segments the global textile chemicals market as follows:
Textile Chemicals Market: Fiber Type Segment Analysis
- Natural Fiber
- Cotton
- Wool
- Others
- Synthetic Fiber
- Polyester
- Polyamide
- Viscose
- Others
Textile Chemicals Market: Product Type Segment Analysis
- Coating & Sizing Agents
- Colorant & Auxiliaries
- Finishing Agents
- Surfactants
- Desizing Agents
- Bleaching Agents
- Others
Textile Chemicals Market: Application Segment Analysis
- Apparels
- Sportswear
- Intimates
- Outerwear
- Home Textile
- Bed Linens
- Carpet
- Curtains
- Others
- Technical Textile
- Others
Textile Chemicals Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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