Textile Chemicals Market Business Growth Demand, Overview, Strategies, Competitive Strategies and Forecasts 2020 – 2028
Textile Chemicals Market Trends – Increasing urbanization and industrialization globally
VANCOUVER, BC, CANADA, March 26, 2022 /EINPresswire.com/ -- Emergen research latest document, titled ‘Global Textile Chemicals Market - Forecast to 2028,’ is one of the most sought-after market reports involving an in-depth analysis of the global Textile Chemicals market. The report’s authors have offered necessary details on the latest Textile Chemicals market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Textile Chemicals industry entails useful insights into the estimated Textile Chemicals market size, revenue share, and sales & distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future. Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans.
The 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.
Textile manufacturers and vendors are rapidly being compelled to provide textiles that are sustainably manufactured and free of harmful chemicals due to stringent regulations by governments, initiatives by non-governmental organizations, and shifting preferences among end-users. Major brands and stores are requesting that their suppliers show the products' long-term sustainability. Restricted Substance Lists (RSLs) specifying banned substances and their limitation levels are established for the purpose. A widely used textile chemical in the manufacturing of textiles are dyes.
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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Textile Chemicals market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Textile Chemicals market landscape.
Regional Analysis:
The report sheds light on the region expected to dominate the Textile Chemicals market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Textile Chemicals market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
Market Overview:
The research report on the Textile Chemicals market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Textile Chemicals business sphere.
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Some major companies in the market include 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
Some Key Highlights from the Report
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.
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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
Regional Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
Global Textile Chemicals Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Textile Chemicals market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
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