Global Specialty Textile Chemical Market Overview:
Specialty chemicals are widely used in textile industry from pretreatment to dyeing, printing and finishing. These chemicals designed for specific applications and includes repellents, flame retardants, antimicrobial, etc. In today’s time, consumer preference towards the sustainable and eco-friendly textile has created significant opportunities for chemical manufacturers. However, increasing focus on technical textiles for applications such as medical, industrial, and automotive sectors is expected to fuel the growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Focus Towards the Manufacturing of Eco-friendly and Sustainable Chemicals
Market Growth Drivers:
Significant Growth of Specialty Textile Chemicals for Making Trendy and Stylish Apparel and Increasing Popularity of Non-Woven Fabrics for Home Furnishing and Other Household Applications
Challenges:
Availability of Multiple Chemical Vendors in the World May Increase Competition For The Market
Restraints:
Stringent Government Regulations on Textile Industry Due to Water Pollution Along With Waste Generation
Opportunities:
Rapidly Growing Textile Industry in Asia Pacific Region Specially in India and China
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Lanxess AG (Germany), Archroma (Switzerland), Sarex (India), Fineotex Chemical Limited (India), Solvay (Belgium), Arkema (France), Covestro AG (Germany), L. N. Chemical Industries (India), Lanxes (Germany), Kiri Industries (India), Bozzetto Group (Italy) and Nouryon (Netherlands). Analyst at AMA Research see European Vendors to retain maximum share of Global Specialty Textile Chemical market by 2030. Considering Market by Form, the sub-segment i.e. Powder will boost the Specialty Textile Chemical market. Considering Market by Process, the sub-segment i.e. Pretreatment will boost the Specialty Textile Chemical market.
What Can be Explored with the Specialty Textile Chemical Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Specialty Textile Chemical Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Specialty Textile Chemical
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Specialty Textile Chemical market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Specialty Textile Chemical market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Specialty Textile Chemical Manufacturers, Suppliers and Distributors of Specialty Textile Chemical, Venture Capitalists and Private Equity Firms, Regulatory Bodies and Research Organizations, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.