The global textile chemicals market value is
anticipated to exceed USD 30.70 billion by 2025, according to a new report by
Grand View Research, Inc. The rising consumer demand for innovative and styled
clothing products is expected to be a key factor steering the market growth in
the coming years.
Due to increased disposable income and high
purchasing power especially in the emerging economies such as China, India,
Russia, and Brazil is anticipated to result in increased demand for textile
chemicals in the next eight years. However, stringent regulatory laws implemented
on the usage of fabric chemicals due to its hazardous impact on environment and
human health is expected to remain a critical challenge for the manufacturers.
Home furnishing applications dominated the
textile chemicals market with demand exceeding 3,600 kilo tons in 2015. Apparel
segment accounted for over 25% of global revenue in 2015. Increasing usage of
specialty chemicals in emerging application segments such as medical,
industrial, and construction textiles is expected to further boost the market
growth in the next eight years.
Full research report on textile chemicals market analysis: http://www.grandviewresearch.com/industry-analysis/textile-chemical-market
Further key findings from the report suggest:
·
The global textile chemicals demand was
9.78 million tons in 2015 and is estimated to grow at a CAGR of 3.4% over the
forecast period to reach a total market size exceeding 13 million tons by 2025
·
Coating and sizing chemicals was the
largest consumed product category with a total worth of USD 6,353.5 million in
2015 while accounting for just over 30% of the global demand in 2015
·
Asia Pacific textile chemicals industry is
expected to witnessed the fastest growth and is expected to grow at a CAGR of
4.2% from 2016 to 2025. Expansion of key textile manufacturing players in the
region, coupled with increasing domestic consumption of novel textile products
is expected to support the region to maintain its dominance over the forecast
period.
·
Technical textile application segment is
estimated to witness the fastest growth over the next nine years. The U.S.
product market in the segment is anticipated to grow at a CAGR of 3.8% from
2016 to 2025 to reach a net worth of USD 930.1 million by 2025
·
The global industry is discreetly
fragmented with the top five enterprises accounting for over 50% of the total
revenue in 2015. Major companies identified in this industry include BASF, Dow
Chemical Company, Bayer AG, Huntsman International LLC and Sumitomo Chemicals
Co. Ltd.
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the
textile chemicals market on the basis of product, application and region:
Textile Chemicals Product Outlook (Volume, Kilo Tons;
Revenue, USD Million 2014 - 2025)
·
Coating & Sizing Chemicals
o Dispersants/levelant
o Fixative
o UV absorber
o Other
·
Finishing Agents
o Water-repellent
o Flame retardants
o Lubricants
o Other
·
Surfactants
o Wetting Agents
o Detergents
o Emulsifying Agents
o Dispersing Agents
·
Desizing Agents
·
Bleaching Agents
·
Scouring Agents
·
Yarn Lubricants
Textile Chemicals Application Outlook (Volume, Kilo Tons;
Revenue, USD Million 2014 - 2025)
·
Apparel
o Sportswear
o Outerwear
o Innerwear
o Others
·
Automotive fabric
o Seat fabric
o Body cloth
o Seat belt
o Headliner
·
Home furnishing
o Furniture
o Drapery
o Carpet
o Other
·
Technical textiles
o Agrotech
o Buildtech
o Geotech
o Medtech
o Miltech
o Packtech
o Protech
o Transtech
o Other
·
Others
Textile Chemicals Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million 2014 - 2025)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o U.K.
o Belgium
o Portugal
·
Asia Pacific
o China
o South Korea
o Taiwan
o Japan
o Indonesia
o Vietnam
o Thailand
o Bangladesh
·
Central & South America
o Brazil
·
Middle East & Africa
o UAE
o Egypt
Access Full
Press Release of this Report:
https://www.grandviewresearch.com/press-release/global-textile-chemicals-market
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: https://www.grandviewresearch.com/
