Textile Chemicals Market Trend, Forecast, Drivers, Restraints, Company Profiles and Key Players Analysis by 2027
The global textile chemicals market size reached USD 21.23 Billion in 2020 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for technical textiles as well as increased use of biodegradable and low Volatile Organic Compound (VOC) materials in textile manufacturing are some key factors driving global textile chemicals market revenue growth. In addition, increasing urbanization and industrialization in countries across the globe are trends projected to continue to support revenue growth of the market between 2021 and 2028.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
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- Some major companies in the market include BASF SE, Wacker Chemie AG, Solvay S.A., Huntsman Corporation, The Dow Chemical Company, Sumitomo Chemicals Co. Ltd., The Lubrizol Corporation, Tata Chemicals Limited, Kemira Oyj, and Evonik Industries AG
Key Points of Textile Chemicals Market:
- Extensive coverage of the analysis of the Textile Chemicals market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Textile Chemicals market
- Complete data about the key manufacturers and vendors in the Textile Chemicals market
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
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Emergen Research has segmented the global textile chemicals on the basis of product type, fiber type, application, and region:
- Product Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Colorants & Auxiliaries
- Fixative
- Dispersants & Levelant
- UV Absorber
- Other
- Coating & Sizing Agents
- Finishing Agents
- Flame Retardants
- Repellent and Release
- Antimicrobial & Anti-inflammatory
- Other
- Bleaching Agents
- Desizing Agents
- Yarn Lubricants
- Scouring Agents
- Surfactants
- Detergents & Dispersing Agents
- Wetting Agents
- Lubricating Agents
- Emulsifying Agents
- Others
- Colorants & Auxiliaries
- Fiber Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Natural Fiber
- Synthetic Fiber
- Application Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)
- Home Textile
- Drapery
- Furniture
- Carpet
- Others
- Apparel
- Innerwear
- Outerwear
- Sportswear
- Others
- Technical Textile
- Others
- Home Textile
Regional Analysis:
The report sheds light on the region expected to dominate the Textile Chemicals market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Textile Chemicals market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
Leading Companies of the Textile Chemicals Industry and Profiled in the Report are:
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