Product Overview Textile chemicals are the chemicals used to improve the appearance, wearability and functionality of textiles. Textile chemicals are used for the effective treatment and treatment of a textile.
New York, June 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Textiles Chemicals Market By Fiber; By Product Type; By application and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecast to 2030″ – https://www.reportlinker.com/p06191805/?utm_source=GNW
Textile chemicals can be added to the final product to achieve specific functions. Textile chemicals provide special characteristics such as antimicrobial properties, stain resistance, sweat absorption ability, wrinkle resistance, desired texture and finish to fabrics. Textile chemicals find application in many end-user industries, including furniture, technical textiles, home textiles, and apparel. With the development of innovative textiles and fabrics, textile chemical manufacturers are persistently making the products of the future fabrics, especially for indoor medical and functional construction textiles.
The global textile chemicals market is expected to project a notable CAGR of 4.60% in 2030.
The Global Textile Chemicals Market will exceed USD 36.45 Billion by 2030 from USD 26.34 Billion in 2019 at a CAGR of 4.60% in the coming years i.e. 2020-30 . The textile chemicals market is growing owing to its growing demand for furniture, flooring, and technical textiles globally. Additionally, the rapid growth of the apparel industry coupled with the growing penetration of online retail stores is expected to proliferate the growth of the textile chemicals market.
Recent Highlights in the Global Textile Chemicals Market
In November 2017, Huntsman Textile Effects launched PHOBOTEX RSY which is non-fluorinated, durable and has water repellant characteristics. It was developed to meet extreme protection, comfort and durability.
Global Textile Chemicals Market: Segments
Synthetic Segment Expected to Grow with Highest CAGR in 2020-30
The global textile chemicals market is segmented by fiber into natural and synthetic fibers. The synthetic segment held the largest market share in 2019 due to its lower manufacturing cost and superior performance compared to natural fiber. Growing demand for polyester and viscose is estimated to drive the market over the forecast period.
Apparel Segment Expected to Grow with Highest CAGR in 2020-30
The global textile chemicals market is split by application into garments, home textiles, and technical textiles. The apparel segment held the largest market share in 2019 and will continue to dominate the market in the coming years. Clothing includes shirts, t-shirts, jackets, children’s clothing, swimwear and sportswear. The increase in population and increase in disposable income led to fuel the consumption of clothing.
Coating and Sizing Agents Segment Expected to Grow with Highest CAGR in 2020-30
The global textile chemicals market is divided by product type into coating and sizing agents, dyes and auxiliaries, finishing agents, surfactants, desizing agents, bleaching agents and others. The coating and sizing agent segment held the largest market share in 2019 and will continue to dominate the market in the coming years. Coating and sizing chemicals are widely consumed to increase strength and improve abrasion resistance of yarns. These chemicals minimize risks during the weaving process such as fraying and yarn breakage.
Technological advances and innovation
The advent of innovative textiles and the use of modern technologies to impart superior quality fabrics are expected to boost the market. In order to provide performance garments, desirable-looking smart garments, and protective garments, textile chemical manufacturers are using nanotechnology. Nanotechnology allows fabric adjustment at the molecular level and provides additional functionality without altering fabric thickness and stiffness.
Growing demand for technical textiles
The demand for technical textiles is increasing due to its performance and excellent properties compared to traditional textiles. Consumer health and hygiene awareness is fueling demand for healthcare products, including sanitary napkins and baby diapers using technical textiles. They are also employed in industrial products such as electrical components and cables and in other household appliances which are expected to drive the growth of the global market.
Strict environmental regulations
Several government imposed regulations on the use of textile chemicals are estimated to hinder the growth of the market in the coming years. During the manufacturing process, the emission of harmful chemicals into the environment affects the environment as well as human health, which may limit the market growth.
Global Textile Chemicals Market: Key Players
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
Other top players
Global Textile Chemicals Market: Regions
The global textile chemicals market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The global textile chemicals market in Asia-Pacific held the largest market share of XX.X% in 2019. Asia-Pacific will continue to dominate the global textile chemicals market owing to the increase in garment industry in this region. Increasing use of latest technologies and low production costs have led to market growth in this region. Also, rapid industrialization and increasing government support for the establishment of textile industry is expected to boost the market in this region.
The global textile chemicals market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Market Size, Share, Trends, Opportunities, YoY Growth, CAGR of Asia-Pacific Market – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
The Global Textile Chemicals Market report also contains analysis on:
Textile Chemicals Market Segmentation:
By product type
Coating and sizing agents
Dyes & Auxiliaries
Textile Chemicals Market Dynamics
Textile Chemicals Market Size
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Read the full report: https://www.reportlinker.com/p06191805/?utm_source=GNW
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