Silicone Solutions for Leather & Textiles Market Forecast 2019-2029
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The demand for silicone solutions is driven by the growth in leather and textile industry in the emerging economies. The large consumer base in the developing nations such as China, India and Brazil and increasing purchasing power of these economies have shifted the interest of industry players from developed region to developing economies. The emerging economies offer revenue growth opportunities for the industry players. Despite the fluctuation in demand for automotive vehicles across the globe, emerging economies have witnessed a steady growth in demand and production. Automotive interiors remain the key opportunity area for leather industry, thus, an increase in demand for leather products in automotive industry will create ample growth opportunity for silicone solution producers.
Silicone solutions protect leather from abrasion or moisture, reduces foam in production, and helps textiles to remain wrinkle free. Textile industry players differentiate their products by providing moisture-management, stretch, recovery, and wrinkle-free properties to apparels or textiles. Industrial protective coating is provided to engineered textiles using silicone solutions making them fire resistance, abrasion resistance and water repellent.
Silicone solutions for leather and textiles market forecast 2019 – 2022 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the silicone solutions manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Textile and leather industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on type and application segment. Based on application the market is segmented into textile and leather industry. Textile industry account for the majority of consumption of silicone solutions due to its various applications; and benefits from enhancing properties of apparels and textiles. With the increasing disposable income and purchasing power of consumers especially in developing regions, the demand for high quality apparels is anticipated to increase multifold in the next ten years. This illustrates the increase in demand for silicone solutions in the textile industry.
The demand for silicone solutions is anticipated to increase at the higher rate for leather industry as the demand for automotive leather goods, footwear, and furnishing is increasing rapidly. The modest growth in the compact and mid-sized automotive sector leads to the demand for silicone solutions for interior applications. The demand for leather goods have witnessed surge over the last few years with an increasing traction for premium products. Shifting consumer behaviour from price conscience to quality conscience leads to the increase in demand for premium leather goods, thus, leading the growth for silicone solutions as property enhancers for these goods.
Based on type, the market is segmented into standard amino-functional silicones, modified hydrophilic amino silicones, silicone polyethers, silicone oils, silicone fluids, macro and micro emulsions, and others. The demand for different silicone solutions depend on the end use requirement in the textile and leather goods. The report offers consumption as well as revenue data for all the type of silicone solutions for the historic as well as forecast period.
The largest consumption of silicone solutions for textile and leather industry came from the Asia-Pacific. The region is also anticipated to witness the highest growth in the silicone solutions for textile and leather market due to the large consumer base, considerable growth in the textile and leather industry, rapid economic growth, and presence of the major manufacturers in the region. The region observed a shift in trend from import dependent for high quality products to manufacturing hub for these products.
With the increasing number of textile and leather manufacturing and processing plants, the demand for silicone solutions will increase rapidly in the region. Europe is anticipated to remain the second largest market for silicone solutions for textile and leather industry. The increasing demand for water repellent sportswear and growth in the premium automotive sector are fuelling the demand for silicone solutions in the region.
The report also offers the insights for the North American, Latin American and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided. The shifting consumer trend for shopping towards the high quality apparels and leather goods is the common trend witnessed among all these regions.
In the global analysis report for silicone solutions, a deep insight for the strategic initiative taken by industry players for market share growth, revenue analysis, production capacity, market share analysis, and product and competitive benchmarking of the top silicone solution manufacturers is offered in the report. The global silicone solution for textile and leather industry is consolidated with the top 6 players accounting for the major share of the market. However, for the remaining share, the market is fragmented with the presence of large number of local players having prominent presence in the developing economies. The industry leaders are primarily relying on their brand value for market penetration in emerging economies whereas local players are competing with cost competitive growth strategy.
Some of the players having prominent presence in the global market include Lanxess AG, E. I. du Pont de Nemours and Company, The CHT Group, Elkay Chemicals Pvt. Ltd., Arihant Dyechem, Siltech Corporation, Wacker Chemie AG, Momentive Performance Materials, Inc., Shin-Etsu Chemical Co., Ltd., OxoChem, Siotech Group, Resil Chemicals Pvt. Ltd., Trio chemicals, Beva Silicones Pvt Ltd, Americos Industries Inc., Alfa Chemicals, MBI Silicones, LLC, TERRA Silicone Technologies, LLC, Changzhou Domlong Chemical Co.,Ltd.
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