The global textile chemicals market value is anticipated to
exceed USD 30.70 billion by 2025, according to a new report by Grand View
Research, Inc. The rising consumer demand for innovative and styled clothing
products is expected to be a key factor steering the market growth in the
coming years.
Due to increased disposable
income and high purchasing power especially in the emerging economies such as
China, India, Russia, and Brazil is anticipated to result in increased demand
for textile chemicals in the next eight years. However, stringent regulatory
laws implemented on the usage of fabric chemicals due to its hazardous impact
on environment and human health is expected to remain a critical challenge for
the manufacturers.
Home furnishing applications
dominated the textile chemicals market with demand exceeding 3,600 kilo tons in
2015. Apparel segment accounted for over 25% of global revenue in 2015.
Increasing usage of specialty chemicals in emerging application segments such
as medical, industrial, and construction textiles is expected to further boost
the market growth in the next eight years.
Browse full research report on Textile Chemicals Market:
http://www.grandviewresearch.com/industry-analysis/textile-chemical-market
Further key findings from
the report suggest:
- The global textile chemicals demand was 9.78 million
tons in 2015 and is estimated to grow at a CAGR of 3.4% over the forecast
period to reach a total market size exceeding 13 million tons by 2025
- Coating and sizing chemicals was the largest consumed
product category with a total worth of USD 6,353.5 million in 2015 while
accounting for just over 30% of the global demand in 2015
- Asia Pacific textile chemicals industry is expected
to witnessed the fastest growth and is expected to grow at a CAGR of 4.2%
from 2016 to 2025. Expansion of key textile manufacturing players in the
region, coupled with increasing domestic consumption of novel textile
products is expected to support the region to maintain its dominance over
the forecast period.
- Technical textile application segment is estimated to
witness the fastest growth over the next nine years. The U.S. product
market in the segment is anticipated to grow at a CAGR of 3.8% from 2016
to 2025 to reach a net worth of USD 930.1 million by 2025
- The global industry is discreetly fragmented with the
top five enterprises accounting for over 50% of the total revenue in 2015.
Major companies identified in this industry include BASF, Dow Chemical
Company, Bayer AG, Huntsman International LLC and Sumitomo Chemicals Co.
Ltd.
Grand View Research has segmented the textile chemicals
market on the basis of product, application and region:
Textile Chemicals Product Outlook (Volume, Kilo Tons;
Revenue, USD Million 2014 - 2025)
- Coating
& Sizing Chemicals
- Dispersants/levelant
- Fixative
- UV
absorber
- Other
- Finishing
Agents
- Water-repellent
- Flame
retardants
- Lubricants
- Other
- Surfactants
- Wetting
Agents
- Detergents
- Emulsifying
Agents
- Dispersing
Agents
- Desizing
Agents
- Bleaching
Agents
- Scouring
Agents
- Yarn
Lubricants
Textile Chemicals Application Outlook (Volume, Kilo Tons;
Revenue, USD Million 2014 - 2025)
- Apparel
- Sportswear
- Outerwear
- Innerwear
- Others
- Automotive
fabric
- Seat
fabric
- Body
cloth
- Seat
belt
- Headliner
- Home
furnishing
- Furniture
- Drapery
- Carpet
- Other
- Technical
textiles
- Agrotech
- Buildtech
- Geotech
- Medtech
- Miltech
- Packtech
- Protech
- Transtech
- Other
- Others
Textile Chemicals Regional Outlook (Volume, Kilo Tons;
Revenue, USD Million 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Belgium
- Portugal
- Asia
Pacific
- China
- South
Korea
- Taiwan
- Japan
- Indonesia
- Vietnam
- Thailand
- Bangladesh
- Central
& South America
- Brazil
- Middle
East & Africa
- UAE
- Egypt
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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