Textile Chemicals Market Scope
Textile chemicals are used in the dyeing, pretreatment, spinning, finishing, and other textile processes. Growth in the textiles and apparel industry supplementing the growth of the textile chemical market. Further, increasing demand for textile chemical from the home furnishing industry driving the market growth. In addition, technological advancement in the textile industry and rising demand from the developing economies expected to drive the demand for textile chemicals over the forecasted period.
According to AMA, the Global Textile Chemicals market is expected to see growth rate of 4.18%
Market players are focusing on partnership, collaborations, and new product launch in order to increase their offerings in the textile chemicals market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Textile Chemicals market throughout the predicted period.
Archroma (Switzerland), Huntsman (United States), Tanatex Chemicals (Netherlands), DowDuPont (United States), DyStar Group (Singapore), Wacker Chemie AG (Germany), Evonik Industries (Germany) and Solvay S.A. (Belgium) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Rudolf Group (Germany) and Bozzetto Group (Italy).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Textile Chemicals market by Type (Coating & Sizing Agents, Colorants & Auxiliaries [Dispersants/Levelant, Fixative, UV Absorber, Other], Finishing Agents [Repellent and Release, Flame Retardants, Antimicrobial or Anti-inflammatory, Other], Surfactants [Wetting Agents, Detergents & Dispersing Agents, Emulsifying Agents, Lubricating Agents], Desizing Agents, Bleaching Agents, Scouring Agents and Yarn Lubricants), by Application (Apparel [Sportswear, Outerwear, Innerwear, Others], Home Furnishing [Furniture, Drapery, Carpet, Other], Technical Textiles [Agrotech, Buildtech, Geotech, Medtech, Mobiltech, Packtech, Protech, Indutech, Other] and Others) and Region with country level break-up.
On the basis of geography, the market of Textile Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Increasing Applications for the Home Textile
- Rising Demand of Textile Chemicals for Industrial Fabrics
Market Drivers
- Rising Demand for Technical Textile
- Growing Popularity of Better Home Furnishing
Opportunities
- Increasing Demand of Biodegradable Materials for Textile Manufacturing
- Rising Demand from the Developing Economies
Restraints
- Stringent Government Regulations Regarding Disposal of Textile Chemicals
- Fluctuating Raw Material Prizes
Challenges
- Lack of Awareness in the Low and Middle Income Group Countries
Key Target Audience
Manufacturers of Textile Chemicals, Potential Investors, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others