The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Textile Chemicals Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Textile Chemicals Industry (2023-2028):
According to the latest report, The Textile Chemicals Market is expected to grow at a CAGR of around 4.1% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Textile Chemicals industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-28
- CAGR (2023-2028): 4.1%
What are the major Driver the Textile Chemicals industry?
Mounting Prevalence of Technical Textiles Worldwide - Technical textiles that exhibit enhanced elasticity, anti-dust & insulation properties, thermal & fire & mechanical resistance, as well as resistance to UV & IR provide unique characteristics, which widely differ from the normal fabric. They are used generally for non-aesthetic applications in packaging, medical & personal hygiene, automobiles, agriculture, industrial, and sports & leisure, among other industries, which are expanding at a significant rate globally. Hence, the massively growing demand for technical textiles worldwide is projected to act as a major growth driver for the Global Textile Chemicals Market during 2023-28.
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Textile Chemicals Market Segmentation
The Textile Chemicals Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Fiber Type
- Natural Fiber
- Cotton
- Wool
- Synthetic Fiber
- Polyester
- Polyamide
- Viscose
- By Product
- Coating & Sizing Chemicals
- Colorants & Auxiliaries
- Desizing Agents
- Finishing Agents
- Surfactants
- Bleaching Agents
- By Application
- Apparel
- Sportswear
- Outerwear
- Innerwear
- Home Furnishing
- Bed Linen
- Drapery
- Carpet
- Other
- Technical Textiles
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Textile Chemicals Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Textile Chemicals Market
Kiri Industries Ltd., OMNOVA Solutions Inc., German Chemicals Ltd., AB Enzymes, Organic Dyes and Pigments, Govi N.V., Resil Chemicals Pvt. Ltd., LANXESS, Dow, BASF SE, Huntsman International LLC, The Lubrizol Corporation, Archroma, Omya United Chemicals, BioTex Malaysia, Others
Textile Chemicals Industry Recent Development:
In May 2021, Cosmo Specialty Chemicals Private Limited announced the development of Microenz BS sourced through an enzymatic process, an environmentally-friendly alkaline pectatelyase, in order to help eliminate challenges like high ETP load, harsh chemical usage, and water & time wastage posed by chemicals when sourced through traditional processes.
The same year on 11 February, Dow introduced Dowsil IE-8749 Emulsion, a new generation of durable water-repellent finishes for fabrics that don't contain fluorocarbons, are resistant to wash cycles, have excellent durability, and provide greater control over the hand feel of the fabric.
In May 2020, Huntsman Corporation & Phong Phu International (PPJ) joined forces to promote PPJ's growth in Vietnam as a leading manufacturer of sustainable and high-performance textiles & garments for the world's several leading brands & retailers.
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