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Textile Chemicals Market: Latest Trends,Analysis & Insights 2024
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According to Transparency Market Research, the global textile chemicals market will rise from US$21.02 bn in 2015 to US$29.15 bn by 2024, expanding at a modest 3.7% CAGR from 2016 to 2024. On the basis of application, home furnishing will lead. The segment is anticipated to expand at a 3.5% CAGR between 2016 and 2024, and be worth US$10,228.3 mn by 2024 from US$7,564.8 mn in 2015. Growing sales of towels, curtains, linen, carpets, and rugs that use different textile chemicals is expected to be the prime reason behind the growth of the home furnishing segment. By geography, Asia Pacific is currently leading in the textile chemicals market.
Ability to Add Strength Driving Textile Chemicals Market
Textile chemicals enhance textile properties by adding versatility and strength to it, as per their usage in the end-user industry. The need for better textiles will ensure a growth of the textile chemicals market and encourage manufacturers to come up with innovations and develop advanced textile chemicals, says TMR. Nanotechnology is being used for the manufacturing of smart textiles, which have anti-bacterial properties, enhanced chemical and water resistance, and mechanical strength.
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The introduction of such textiles is expected to boost the demand for textile chemicals. Growing agricultural activities, expanding clothing or textile industry, strengthening economies, improvement in healthcare infrastructure, and growing number of participants in sports activities are some of the factors boosting the global textile chemicals market. In addition to this, textile chemicals are also in demand from the packaging industry.
Concerns Regarding Environmental Pollution to Have Negative Impact on Textile Chemicals Market
Some of the factors restricting the demand for these chemicals include harmful effects of chemicals on the environment and health hazards for humans. The water disposed from textile chemical industries is polluted and causes heavy damage to water bodies. Also, chemicals from the textile chemical industries pollute the soil and have a negative impact. On the other hand, the use of chemicals to strengthen textiles in the construction sector will cause manufacturers to refrain from adopting conventional construction materials such as concrete, wood, and glass, and instead make use of textiles. This will ensure a positive outlook for the market in the future and create immense potential for growth.
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The analysis of the global textile chemicals market mentioned in this review is based on the findings of the Transparency Market Research report, titled “Textile Chemicals Market (Coating & Sizing Chemicals - Colorants & Auxiliaries, Finishing Agents, Surfactants, Desizing Agents, Bleaching Agents, Yarn Lubricants; Application - Home Furnishing, Apparel, Industrial & Other)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
The report segments the global textile chemicals market as follows:
Product Segment Analysis
Coating & Sizing Chemicals
Colorants & Auxiliaries
Finishing Agents
Surfactants
Desizing Agents
Bleaching Agents
Yarn Lubricants
Textile Chemicals Market - Application Analysis
Home Furnishing
Apparel
Industrial & Other
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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