Press release
Textile Chemicals Market Business Report: CAGR of 3.2% to be Observed during 2016-2022
Textile Chemicals Market
Market Research Future (MRFR) recognizes the following companies as the key players in the Global Textile Chemicals Market: BASF SE, Bayer AG, Dow Chemical Company, Huntsman International LLC, Sumitomo Chemicals Co., Ltd., AkzoNobel, Arkema, Kiri Industries, Lubrizol, Omnova Solutions, Pulcra Chemicals, and Sumitomo Chemical.
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Market Scenario:
According to MRFR analysis, the global Textile Chemicals market size was estimated at 9.80 million in 2016, the market will expand at CAGR of over 3.2 through 2022. The market is increasing due to various industries, namely, textile chemicals are used in clothing sector, furnishing, floor covering, and technical textile.
Product Trends:
Coating chemicals dominated the product segment while accounting for over 32% of total market in 2016. Colorants and auxiliaries segment is anticipated to have a sluggish growth over the next few years.
Application Insight:
Home furnishing applications dominated the market in 2016 and accounted for over 35% of the overall application segment. Growing per capita income and riser in disposable income in developed and developing countries is anticipated to boost demand. In addition, growing infrastructural and urban development in the Middle East is also expected to fuel the industry growth.
Industrial applications are expected to gain share over the next eight years. Growing demand for high-quality textiles in the plant for ensuring safety and provide protection during fluctuation of properties such as temperature and pressure is expected to drive demand in industrial applications.
Regional Analysis:
APAC will be the ruling market for global Textile Chemicals, followed by North America and Europe. With rise in development of emerging economies can cause countries like China, India, and Brazil to contribute more amount of share in this market.
Europe and Row are the growing market for Global Textile Chemicals Market.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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