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.
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| U.S. textile chemicals market revenue by product, 2014 - 2025 (USD Million) |
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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 Chemical Market: www.grandviewresearch.com/industry-analysis/textile-chemical-market
Further key
findings from the study 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.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/plastics-polymers-and-resins
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
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-textile-chemicals-market
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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