Press release
Textile Chemicals Market Trend Demand is growing rapidly post 2016 as the market is boosted due various industries such as De-Icing & dust control, oil & Gas, Construction and Others. The market size is expected to increase USD XX billion by the end of 20
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.
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Market Highlights:
The global textile chemicals market size was estimated at 9.80 million tons in 2016. Global apparel industry is expected to drive the market over the forecasted period. Increasing demand for technical textile across numerous end-use applications is also expected to be beneficial for the overall market growth.
Good qualities are used into technical textile products as compared to their conventional counterparts. Demand for technical apparel is increasing in the U.S. amongst end-use industries such as home furnishings, apparel, industrial textiles, technical textiles the demand for specialty chemicals required for is production has also enlarged.
Further key findings from the report suggest:
•The global Textile Chemicals market demand was estimated at 9.80 million tons in 2016
•Apparel dominated the Textile Chemicals market with a market share of in 2016.
•Asia Pacific has dominated the market and is projected to Expand at the highest CAGR of XX% in 2016
•Key companies in the Textile Chemicals industry include,
BASF SE,
Zydus Pharmaceuticals Ltd.,
Medicamen Biotech Ltd.,
Jiangxi Tianxin Pharmaceutical Co. Ltd.,
Koninklijke DSM N.V.
Bayer AG,
Dow Chemical Company,
Huntsman International LLC,
Sumitomo Chemicals Co.Ltd.,
AkzoNobel,
Arkema,
Kiri Industries,
Lubrizol,
Omnova Solutions,
Pulcra Chemicals,
Sumitomo Chemical,
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