The Global Technical Textile Chemicals Market is expected
to reach USD 4.96 billion by 2020, according to a new study by Grand View
Research, Inc. Increasing penetration of technical textiles across various
end-use industries such as medical, military and transportation is expected to
drive the global technical textile chemicals market. Positive outlook on global
automotive industry is also expected to have a positive influence on the market
growth over the next six years. Increasing industrial growth rate in emerging
markets of China, India, Brazil and Russia is further expected to complement
the market growth. Volatile prices of key raw materials coupled with growing
environmental concerns are expected to remain a key challenge for market
participants.
Transtech emerged as the
largest application segment and accounted for 25.1% of total market volume in
2013. Growth of automotive industry particularly in BRIC nations coupled with
resurgence of American automotive industry is expected to drive the market.
Geotech is expected to witness the highest growth rate of 6.4% from 2014 to
2020. Growth of geotextiles market particularly in Asia Pacific and Middle East
is expected to remain a key driving factor for this segment.
Full Research Report On Technical Textile Chemicals Market Analysis:
www.grandviewresearch.com/industry-analysis/technical-textile-chemicals-market
www.grandviewresearch.com/industry-analysis/technical-textile-chemicals-market
Further key findings from the study suggest:
·
Global technical textile
chemicals demand was 1,646.6 kilo tons in 2013 and is expected to reach 2,124.5
kilo tons by 2020, growing at an estimated CAGR of 3.7% from 2014 to 2020.
·
Asia Pacific emerged as the
leading regional market for technical textile chemicals and accounted for over
55% of total market volume in 2013. Increasing infrastructure spending coupled
with growth of automotive industry particularly in emerging markets of China, India,
Thailand and Indonesia is expected to drive the regional market. Asia Pacific
is also expected to witness the highest growth rate over the forecast period.
The region is expected to grow at an estimated CAGR of 4.1% from 2014 to 2020.
·
European technical textile
chemicals market is expected to exceed a market worth USD 750 million by 2020,
growing at a CAGR of 3.7% from 2014 to 2020
·
Global technical textile
chemicals market dominated by top multinational corporations which have
presence across the value chain. Leading companies have been focusing on
building new improved high performance products using advanced technologies
such as biotechnology, ink-jet printing process and nanotechnology. Major
market participants include Lonsen, DyStar Group, The Lubrizol Corporation,
Kiri Industries, The Dow Chemicals Company, Sumitomo Chemicals, BASF SE,
Huntsman Corporation, Bayer Material Science AG, Archroma, Clariant
International, Omnava Solutions Incorporated, Solvay SA, and Kemira.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand View Research has segmented the
technical textile chemicals market on the basis of application and region:
Global Technical Textile
Chemicals Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2020)
·
Agrotech
·
Buildtech
·
Geotech
·
Medtech
·
Miltech
·
Packtech
·
Protech
·
Transtech
·
Others
Global Technical Textile
Chemicals Regional Outlook (Volume Kilo Tons; Revenue, USD Million, 2012 -
2020)
·
Americas
o
U.S.
o
Canada
o
Mexico
o
Central & South America
·
Europe
·
Asia Pacific
·
Middle East & Africa
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About
Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/