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Global Textile Chemicals Market Trends And Strategies, Industry Growth Analysis, Size and Share, Forecast 2023-2032 | Research Analysis By The Business Research Company
Textile Chemicals Market
Textile Chemicals Market Size, Growth Rate, And Forecast
The global textile chemicals market size grew from $22.62 billion in 2022 to $23.84 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The textile chemicals market size is expected to grow to $29.08 billion in 2027 at a CAGR of 5.1%.
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Textile Chemicals Market Drivers
The increasing demand for textiles is expected to boost the demand for textile chemicals during the forecast period. The growth in the wealthy upper-middle-class of emerging economies and the expanding demand for quality products is expected to increase the demand for textiles moving forward.
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Textile Chemicals Market Segments
1) By Product Type: Coating And Sizing Chemicals, Finishing Agents, Colorants and Auxiliaries, Surfactants, Desizing Agents, Yarn Lubricants, Bleaching Agents
2) By Fiber Type: Natural Fiber, Synthetic Fiber
3) By Application: Apparel, Home Furnishing, Automotive Textile, Industrial Textile, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Textile Chemicals market.
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Textile Chemicals Market Key Players
Major players in the Textile Chemicals market are Dow Inc., Wacker Chemie AG, Huntsman Corporation, Solvay, BASF SE, Archroma, Evonik Industries AG, Tanatex Chemicals, Kemin Industries, CHT Group, The Lubrizol Corporation, Kiri Industries Limited, Kemira, Tata Chemicals Ltd., GIOVANNI BOZZETTO S.p.A, AkzoNobel NV, FCL, Indofil, Pulcra Chemicals, NICCA Chemical Co.Ltd., JINTEX Ltd., Sarex Chemicals, DIC Corporation and Lonsen Inc.
The Business Research Company's "Global Textile Chemicals Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Textile Chemicals Market Include:
1. Executive Summary
2. Textile Chemicals Market Characteristics
3. Textile Chemicals Market Trends And Strategies
4. Textile Chemicals Market - Macro Economic Scenario
5. Textile Chemicals Market Size And Growth
......
26. Africa Textile Chemicals Market
27. Textile Chemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Textile Chemicals Market
29. Textile Chemicals Market Future Outlook and Potential Analysis
30. Appendix
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