Jul 30,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Textile Chemicals Market.
It was estimated prior to this unanticipated outbreak that the Textile Chemicals Market was expected to grow at a CAGR of 4.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Textiles chemicals are the chemicals which are extensively used in the textile industry to improve the performance and properties of clothes.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the product type, the textile chemicals market is segmented as coating & sizing agents, colorant & auxiliaries, finishing agents, surfactants, desizing agents, bleaching agents, and others. The coating & sizing agents' segment is expected to account for the largest share of the market during the forecast period. As coating & sizing agents enhance strength and abrasion resistance of yarns, they are widely used in the pretreatment stage of the textile processing chain, which is a major factor driving the growth of the segment.
Based on the application type, the market is segmented as apparel, home textile, technical textile, and others. The apparel segment is expected to capture the largest pie of the cake over the forecast period. Increasing population and disposable income are paving the path towards unprecedented growth, bolstering the demand for apparels.
Based on the fiber type, the market is segmented as natural and synthetic. The synthetic segment is expected to maintain its dominance during the forecast period owing to its better performance with lower production cost characteristics.
In terms of regions, Asia-Pacific is estimated to be the largest market for textile chemicals during the forecast period. Large population, cheap labor, rapid industrialization, and robust textile manufacturing base are the factors likely to increase the demand for textile chemicals in the region. China and India are the growth engines of the region.
Some of the major players in the textile chemicals market are-
- Achitex Minerva Spa
- Air Products & Chemicals Inc.
- The Lubrizol Corporation
- Chemipol (Kothari Group of Industries)
- Dainichizeika Color & Chemicals Mfg. Co. Ltd
- The Dow Chemical Company
- Formosa Organic Chemical Industry Co. Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Textile Chemicals Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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