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Textile Chemicals Market

Textile Chemicals Market

Demand for Textile Chemicals in Apparels Textiles Segment Is Anticipated To Fuel the Textile Chemicals Market Growth In 2031

Textile Chemicals Market
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Textile Chemicals Market: About the Report

The textile industry faces significant challenges ahead on account of the unprecedented COVID-19 outbreak. This is expected to modify forecasts for the textile chemicals market in the near-term assessment period. Disruptions witnessed in supply chains are likely to curtail growth as sustainability takes precedence in consumers’ minds.

Alternatively, the aforementioned challenges can be mitigated as market players shift focus towards eco-friendly materials. The report also examines evolving trends in twTextile Chemicals Market Insights by Producto major segments in terms of fiber: natural and synthetic, with focus on prospects witnessed across various regions.

Textile Chemicals Market Overview

Chemicals that are used in various stages of textile processing, such as preparation, dyeing, printing, and finishing, are included in the class of textile chemicals. They are usually used to enhance and give desired properties and color to the fabrics when they are manufactured. Textile chemicals, including textile auxiliaries and textile colorants, hold nearly 2% of the overall specialty chemicals market.

The global textile chemicals market is primarily driven by advancements in the apparel industry. Rising investments in value-added treatments to apparel to achieve unique selling points (USPs) are projected to aid the textile chemicals market growth.

Besides the apparel industry, rising demand from the technical textiles sector, which includes textiles for automotive applications, medical, geotextiles, agrotextiles, protective clothing, and sporting, are expected to offer lucrative opportunities to the players of the textile chemicals market because of the increasing demand for smart textiles across the globe.

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Textile Chemicals Market Insights by Application

Based on application, the market is led by the apparels textiles segment. Growth witnessed by the segment is due to the increasing disposable income and the growing population which has led to the rising demand for apparel, particularly for sportswear and casual wear. This, in turn, is fuelling the demand for textile chemicals in the apparels textiles segment.

Textile Chemicals Market Insights by Fiber

According to Fact.MR, the synthetic segment is projected to dominate the market. This dominance is attributable to the low production cost and higher performance of synthetic fibers than that of natural fibers.

Based on product, the coating & sizing chemicals segment is expected to lead the market. Growth observed in the segment is due to the rising demand for these agents in the pre-treatment stage of the textile processing chain. These agents increase the strength and abrasion resistance of yarns which is further boosting their demand.

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Market Players Focusing on Sustainability

As a result of soaring environmental concerns, the demand for eco-friendly chemicals is expected to rise in textile chemicals market. Companies are looking for effective ways of reducing the volume of water and energy consumed during various stages of textile processing. Driven by this, the textile chemicals market is witnessing a shift from conventional textile chemicals to environment-friendly ones. There is immense focus on the production of green chemicals using plant and animal fat/ oils. Companies also are able to offer greater cost competitiveness as they shift to the production of bio-based chemicals.

Spurred by these factors, white biotechnology that has emerged as an aid to reduce water consumption and green gas effect in the textile industry. The advent of this approach has led to widespread use of bio dyes or natural dyes. Unlike traditional textile chemicals, bio-dyes do not cause harm to workers in the industry. Also, they cost-effective, eco-friendly, and safer. The rising use of eco-friendly chemicals is indicative of increasing focus on adoption of sustainable approaches among the market players.

Increasing Wastewater Due to Insoluble Dyes Restraining Growth

Traditional dyes consume large amount of water and are insoluble. This often leads to wastage of water, which could limit the growth of the market to an extent. Besides higher water consumption, traditional textile chemicals may harm workers in the industry owing to the emission of toxic substances. Threat of toxicity and concerns pertaining to safety of workers are hampering growth of the market.

An Adaptive Approach to Modern-day Research Needs

Regional Outlook of Textile Chemicals Market

Asia Pacific is anticipated to be the most lucrative market for textile chemicals through the forecast period. Growth of the region is attributable to the extensive demand for textiles from the apparel and the home furnishing sectors in emerging economies, such as India and China. Furthermore, favorable government initiatives in the region are contributing to the growth of the chemical industry.

For instance, in India, the “Make in India” initiative is forecast to play a major role in making the country a production hub for chemicals, particularly specialty chemicals. Furthermore, government concessions to small-sized businesses and the emergence of numerous relatively low-cost manufacturing avenues such as Vietnam, Bangladesh, and Indonesia in Asia Pacific are driving the market. However, the rising labor charges in the region are limiting the growth of this market.

North America is one of the key regions accounting for a sizeable share in the market. Research and development initiatives adopted by key players in the region due to restrictions imposed on the usage of traditional chemicals are paving the way for environment-friendly textile chemicals in North America.

However, companies operating in North America are facing competition from imported textiles that are manufactured with low labor charges and in economic infrastructure. Thus, production cost and quality have become the key concerns for the region.

The Europe market as well is heading towards a greener approach supported by stringent administrations of the region and initiatives by the European Union (EU). Europe is projected to hold a position among top three regions during the forecast period which is attributable to the rising significance of geotextiles in the region.

textile chemicals market regional analysis

Textile Chemicals Market: Competitive Landscape

The global market is extremely competitive due to the presence of established companies and the entry of newcomers in the field. This is attributable to the continuously increasing population and their changing lifestyles that have increased textile consumption and propelled the growth of the textile industry. This has also led the leading manufacturers engaging in R&D initiatives and mergers and acquisitions.

Manufacturers in the textile chemicals market are adopting sustainable approaches to curb the emission and expenditure. For instance, cotton textile manufacturers are increasingly adopting non-aqueous dyeing as it requires a little amount of water.

Some of the textile manufacturers are concentrating on the development of new textiles with smart functions that involve the use of high-performance protective materials, nanotechnology and biotechnology know-how, specialty coating and lamination formulas, and ink-jet printing processes. For instance, Purolite has launched an innovative textile chemicals resin simulation platform which they named Purolite Resin System Modeling (PRSM™) platform. It is a free cloud-based program that outlines all viewpoints of plant design connected with ion exchange resin performance and handling.

An Adaptive Approach to Modern-day Research Needs

The Analyst’s Viewpoint

Owing to increasing environmental concerns and consistent government initiative, growth opportunities are seen to be plenty in APAC. In addition to this, leading players of the market are adopting sustainable approaches which are aiding the expansion of the market.

COVID-19 Impact on Textile Chemicals Market

The textile chemicals industry is one of the few industries that gained from the COVID-19 pandemic. The rise in demand for personal protective equipment (PPE) always has had a positive impact on the textile industry. Due to the continuing spread of the pandemic, the demand for PPEs in the medical, healthcare, food, and transportation sectors has skyrocketed. This is expected to have positive impact on the textile chemicals market as well.

Textile Chemicals Market - Scope of Report

A recent study by Fact.MR on the textile chemicals market offers a 10-year forecast for 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of the textile chemicals market. This report explicates vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders. The study also provides the dynamics that are responsible for influencing the future status of the textile chemicals market over the forecast period.

A detailed assessment of textile chemicals value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the textile chemicals market along with their product portfolios enhances the reliability of this comprehensive research study.

Textile Chemicals Market: Report Summary

The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the textile chemicals market across the globe.

A comprehensive estimate on the textile chemicals market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of textile chemicals during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Fact.MR’s Textile Chemicals Market Report

  • Which regions will continue to remain the most profitable regional markets for textile chemicals market players?
  • Which factors will induce a change in the demand for textile chemicals during the assessment period?
  • How will changing trends impact the textile chemicals market?
  • How can market players capture the low-hanging opportunities in the textile chemicals market in developed regions?
  • Which companies are leading the textile chemicals market?
  • What are the winning strategies of stakeholders in the textile chemicals market to upscale their position in this landscape?

Textile Chemicals Market: Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the textile chemicals market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the textile chemicals market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the textile chemicals market report as a primary resource.

Textile Chemicals Market: Analysis on Market Size Evaluation

The textile chemicals market has been analyzed for each market segment in terms of value (US$ Mn).

Market estimates at global and regional levels for textile chemicals are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent textile chemicals market segments, along with market attractiveness evaluation, has been incorporated in the report.

Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global textile chemicals market.

Textile Chemicals Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the textile chemicals market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the textile chemicals market during the forecast period.

Country-specific valuation on demand for textile chemicals has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

Textile Chemicals Market: In-depth Analysis on Competitive Landscape

The report sheds light on leading manufacturers of textile chemicals, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of textile chemicals has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.