$31.6 Billion Textile Chemicals Market by Fiber, Product Type, Application, and Region - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 24, 2018--The “Textile Chemicals Market by Fiber, Product Type, Application, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The global textile chemicals market size is estimated at USD 26.00 billion in 2018 and is projected to reach USD 31.64 billion by 2023, at a CAGR of 4.0% between 2018 and 2023.
The market is witnessing growth due to the increasing demand for technical textile in end-use industries, such as automotive, healthcare, agriculture, and packaging. Growing trends towards better home furnishing and aesthetics are also driving the consumption of textile chemicals. However, factors such as stringent environmental regulations regarding disposal of textile effluents and cyclic nature of textile industries are responsible for restraining and challenging the market, respectively.
S ynthetic fiber is projected to be the fastest-growing segment of the overall textile chemicals market during the forecast period (2018-2023). Extensive use of synthetic fibers in fashion & apparel, electronics, healthcare, packaging, and automotive industries, coupled with its low price in comparison to natural fibers, is driving its demand in the textile industry.
The finishing agents segment is projected to be the fastest-growing product type in the overall textile chemicals market during the forecast period (2018-2023). Finishing is one of the most important procedures in textile manufacturing. This process involves a chemical treatment for stiffening, softening, moth-proofing, and imparting water repellency, antimicrobial, and fire-proofing characteristics.
Technical textile is projected to be the fastest-growing consumer of textile chemicals during the forecast period (2018-2023). High demand from automobile, construction, healthcare, packaging, and various other industries, coupled with the emergence of new technologies, is driving the market in this segment.
The report also provides company profiles and competitive strategies adopted by major market players, such as Archroma (Switzerland), Huntsman (US), Tanatex Chemicals (Netherlands), DowDuPont (US), DyStar Group (Singapore), Wacker Chemie AG (Germany), Evonik Industries (Germany), Rudolf Group (Germany), and Bozzetto Group (Italy).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Textile Chemicals Market, By Fiber Type
7 Textile Chemicals Market, By Product Type
8 Textile Chemicals Market, By Application
9 Textile Chemicals Market, By Region
10 Competitive Landscape
11 Company ProfilesAkzonobel N.V. Archroma Bozzetto Group CHT Group Covestro AG Croda Chemicals Dowdupont Dystar Group Ethox Chemicals, LLC Evonik Industries Fineotex Chemical Limited Huntsman Indofil Industries Limited Kemin Industries Kiri Industries Limited Omnova Solutions Resil Chemicals Pvt. Ltd. Rudolf Group Sarex Tanatex Chemicals The Chemours Co. The Seydel Companies, Inc. Wacker Chemie AG Zhejiang Longsheng Group Co. Ltd. For more information about this report visit https://www.researchandmarkets.com/research/88lwps/31_6_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005409/en/
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS TEXTILES
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/24/2018 06:24 AM/DISC: 09/24/2018 06:24 AM