The global Industrial Textile Chemicals Market size is expected to reach USD 38.66 Billion in 2030 and register a revenue CAGR of 4.3% over the forecast period, according to the latest report by Reports and Data. The key factors driving global Industrial Textile Chemicals Market revenue growth are rising global population and increasing demand for apparel in various textures and designs. Global apparel sales are also being influenced positively by rising influence of social media and significant shift in consumer preference for foreign textile brands. Moreover, green or bio-based chemicals, which are made from renewable resources, are providing market players with lucrative growth opportunities as these green chemicals are non-flammable and biodegradable with low toxicity. In addition, a surge in demand for textile chemicals used in the production of automobile fabrics such as headliners, seat belts, and seat fabric is fueling demand for textile chemicals.
Top Companies Operating in the Global Industrial Textile Chemicals Market:
Dow Inc., BASF SE, Wacker Chemie AG, Huntsman Corporation, Evonik Industries AG, Archroma, Solvay S.A., TANATEX Chemicals India Pvt. Ltd., DIC Corporation, and OMNOVA Solutions Inc.
Get a sample copy of the global Industrial Textile Chemicals Market report, visit @ https://www.reportsanddata.com/sample-enquiry-form/1723
Some Key Highlights From the Report
- Synthetic fiber segment is expected to register a considerable revenue growth rate over the forecast period. Synthetic fibers are artificial fibers made from chemicals that have superior chemical and physical properties such as lightweight, high durability, flexibility, and wrinkle resistance. Synthetic fibers include polyester, polymer nylon, acrylic, olefin, and modacrylic.
- Colorant auxiliaries segment accounted for largest revenue share in 2020. Dyeing auxiliaries are used for washing and dyeing yarns and fabrics. These chemicals are being used to prepare and modify the substrate for coloration, as well as to stabilize the application medium, to increase dyeing's fastness properties. Dispersing agents, peroxide killers, sequestering agents, antifoaming, and anti-pilling agents are all important auxiliaries. Dyes and pigments are examples of textile colorants. Textile colorants are used to color fabric to provide the desired aesthetic appeal.
- Apparel segment is expected to register a significant revenue growth rate over the forecast period. Apparel segment includes products such as t-shirts, shirts, jackets, suits, skirts, trousers, shorts, kids' wear, and swimwear among others. The apparel industry is a fast-paced industry that is influenced by shifting consumer preferences. Apparel producers are more focused on enhancing product quality by using textile chemicals in order to survive in a highly competitive environment.
- Market in Asia Pacific is expected to register the highest revenue CAGR in global Industrial Textile Chemicals Market during the forecast period. Rapid industrialization, improving economic conditions, availability of cheap labor, and supportive government policies, combined with growing population and changing lifestyles in the region, are driving the textile industry, which is expected to fuel demand for textile chemicals in this region.
Read full Report Description @ https://www.reportsanddata.com/report-detail/textile-chemicals-market
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Industrial Textile Chemicals Market Segmentation
Fiber Type Outlook (Revenue, USD Billion; 2018-2030)
- Natural Fiber
- Synthetic Fiber
Product Type Outlook (Revenue, USD Billion; 2018-2030)
- Coating Sizing Agents
- Colorant Auxiliaries
- Finishing Agents
- Surfactants
- Desizing Agents
- Bleaching Agents
- Others
Application Outlook (Revenue, USD Billion; 2018-2030)
- Apparel
- Home Furnishing Textiles
- Technical Textiles
- Industrial Textiles
- Others
Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/1723
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Blog: https://www.reportsanddata.com/blogs
