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Textile Chemicals Market by Fiber, Product Type, Application and Region - Global Forecast to 2023
Textile Chemicals Market by Fiber
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Increasing demand for technical textiles and preferences for better home furnishing and aesthetics driving the growth of textile chemicals market
The global textile chemicals market size is estimated at USD 26.00 billion in 2018 and is projected to reach USD 31.64 billion by 2023, at a CAGR of 4.0% between 2018 and 2023. The market is witnessing growth due to the increasing demand for technical textile in end-use industries, such as automotive, healthcare, agriculture, and packaging. Growing trends towards better home furnishing and aesthetics are also driving the consumption of textile chemicals.
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However, factors such as stringent environmental regulations regarding disposal of textile effluents and cyclic nature of textile industries are responsible for restraining and challenging the market, respectively.
The objectives of the study are:
To analyze and forecast the global textile chemicals market, in terms of value.
To provide detailed information about the key growth factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market.
To analyze and forecast the size of the market on the basis of fiber type, product type, and application.
To estimate and forecast the market size on the basis of five regions, namely, Europe, APAC, North America, the Middle East & Africa, and South America.
To estimate and forecast the textile chemicals market at the country-level in each of the regions.
To analyze the market opportunities and present a competitive landscape of the market.
To analyze competitive developments, such as new product developments, expansions, mergers & acquisitions, and joint ventures, in the textile chemicals market.
To strategically identify and profile key market players and analyze their core competencies.
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Key Target Audience:
1. Manufacturers of textile chemicals
2. Manufacturers in application areas such as apparel, home textile, and technical textile
3. Traders, distributors, and suppliers of textile chemicals
4. Government and regional agencies and research organizations
The market size presented in this study has been validated through primary interviews conducted with various industry experts, globally. These primary sources have been divided on the basis of three categories, namely, by company type, by designation, and by region.
• By Company Type: Tier 1- 45%, Tier 2- 22%, and Tier 3-33%
• By Designation: C-Level Executives- 50%, Director Level- 10%, and Others- 40%
• By Region: APAC – 50%, Europe – 20%, North America - 10%, South America - 10%, Middle East & Africa- 10%
The report also provides company profiles and competitive strategies adopted by major market players,such as Archroma (Switzerland), Huntsman (US), Tanatex Chemicals (Netherlands), DowDuPont (US), DyStar Group (Singapore), Wacker Chemie AG (Germany), Evonik Industries (Germany), Rudolf Group (Germany), and Bozzetto Group (Italy).
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The report provides insights on the following pointers:
Market Penetration: Comprehensive information on textile chemicals offered by the top players in the global textile chemicals market.
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the global textile chemicals market.
Market Development: Comprehensive information about lucrative, emerging markets – the report analyses the markets for textile chemicals across regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global textile chemicals market.
Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of the leading players in the global textile chemicals market.
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