New York, NY, July 15, 2019 (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 110 Pages and in-depth TOC on “Global Textile Chemicals Market: Type, Application, Industry Size, Trends, Share and Forecast, 2017 – 2024”.
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Increasing usage of textile chemicals in the apparel sector is one of the major factors that have augmented the growth of the global textile chemicals market. The textile chemicals are largely used in the apparel industry to enhance the color quality of the cloth. Apparels are among the most exported products in the world. The apparel industry is also one of the fastest growing industries across the globe. The developing countries are increasingly investing in the international textile market and apparels market. China, India, and Turkey are some of the major sellers of the textile chemicals market. Moreover, the key players are contributing toward major developments, such as product launch, mergers, and research and development centers, to fuel the growth of this market.
Additionally, governments are also supporting this market growth by opening various chemical factories, which, in turn, will further boost this market. Home furnishing is another leading market segment. Products like bed sheets, towels, curtains, and rugs are majorly made using textile chemicals to improve their quality. Moreover, the shifting focus toward soft furnishing is going to boost the fabric softener market in the furnishing application. However, it is the stringent environmental regulations regarding the disposal of textile effluents that are acting as a restraining factor for this market. Nevertheless, increasing demand for technical textiles is expected to provide ample growth opportunities to the key players of the global textile chemicals market.
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The global textile chemicals market is diversified based product type, application, and fiber type. By product type, the market for textile chemicals is divided into coating & sizing agents, colorant & auxiliaries, desizing agents, finishing agents, bleaching agent, surfactants, and others. By application, this market is fragmented into apparels, home textile, technical textile, and others. The apparels are further sub-segmented into sportswear, intimates, and outerwear. The home textile is sub-segmented into bed linens, carpets, curtains, and others. The fiber type is sub-segmented into the natural and synthetic fiber. The natural fiber segment is further divided into cotton, wool, and others. The synthetic fiber segment is sub-segmented into polyester, polyamide, viscose, and others.
The apparel segment is expected to be the most dominating end-user segment of the global textile chemicals market and is expected to grow at a high growth rate over the current forecast period. Moreover, rapid urbanization in the Asia Pacific is further expected to increase the demand for the 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
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.
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.
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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.
The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global textile chemicals market, Archroma, 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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