Textile Chemical Market - Global Industry Analysis and Overview Report
The utilization and production of apparels and various textile products is expecting a long haul growth owing to the increasing demand of apparel, home furnishings, and floor coverings industry. Textile chemical manufacturers are developing inventive textiles and fabrics owing to the increased demand in medical, construction, and interior textiles markets
There has been a swift growth in the textile chemical market due to massive production in apparel, home furnishings, and floor coverings industry. Technical textile market has also been growing rapidly and thus, adding volume to the global textile chemical market. Technical textiles are primarily used in medical, automotive, and agricultural sectors. Another major driver of this market is rise in demand for finishing chemicals. These chemicals help in distinguishing products by highlighting product quality and augment comfort and durability. Rigid environmental regulations such as evaluation, restriction of chemicals, pollution prevention etc. are some factors that can delay the growth of textile chemical industry. Adversarial effects of the chemicals on environment are considered as a major hurdle for this market. Water scarcities and polluted water caused by fabric industry in manufacturing countries is a major hindrance in the growth of this market.
A latest report by DecisionDatabases.com on "Global Textile Chemicals Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021" provides market size, market share, drivers, restraints trends, product information, key players, and complete competitive outlook of the Textile Chemicals Industry.
The global textile chemical market is a concentrated market with the key 5 players being Bayer, Clariant International, Dow Chemical Company, BASF, and Material Science. Other participants in this industry are Kiri, Omnova Solutions, Lubrizol Corporation, Sumitomo Chemicals Co Ltd. Shaw Industries Ltd.
Asia – Pacific market is considered to be fastest growing market due to its large population and rising standard of living. Urbanisation and rise in per capital income in these regions has led to the development in industrial sector which has in turn led to the growth of global textile market. North America and Europe are expected to grow rapidly following Asia – pacific respectively.
During manufacturing, textiles go through elongated processes of chemical and non-chemical treatments. The textile procedure consists of dyeing, refinement of fabrics, preparation and pre-treatment, and printing. Flame retardants, warp sizes, biocides, water repellents are considered to be specialized textile chemical products. Other simple chemicals are emulsified oils and greases, sulfonated oils, waxes, starch and surfactants. More than sixty different textile chemicals product have been used in yarn formation, textile laminating etc.
Textile chemical products are also used in yarn lubrications, surfactants, bleaching agents, coating & sizing chemicals, colorants & auxiliaries. They are
applied in home furnishings, apparels, Industrial products, and in technical textile industry majorly in automobile industry.
Owing to the growing demand in the apparel industry, it has helped to increase the demand for textile chemicals market rapidly. Developing countries such as India, china, Bangladesh, japan, and Malaysia have increased textile production in their respective regions which will benefit the regional textile chemical market. Asia - Pacific is estimated to be key market in the further period.
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