According to a report,“Textile Chemicals Market By Product (Coating & Sizing, Colorants & Auxiliaries, Finishing Agents, Surfactants, Desizing Agents, Bleaching Agents, Scouring Agents, Yarn Lubricants), By Application, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., the global textile chemicals market value is anticipated to exceed USD 30.70 billion by 2025. The rising consumer demand for innovative and styled clothing products is expected to be a key factor steering the market growth in the coming years.
Key Takeaways from the report:
The global textile chemicals demand was 9.78 million tons in 2015 and is estimated to grow at a CAGR of 3.4% over the forecast period to reach a total market size exceeding 13 million tons by 2025
Coating and sizing chemicals was the largest consumed product category with a total worth of USD 6,353.5 million in 2015 while accounting for just over 30% of the global demand in 2015
Asia Pacific textile chemicals industry is expected to witnessed the fastest growth and is expected to grow at a CAGR of 4.2% from 2016 to 2025. Expansion of key textile manufacturing players in the region, coupled with increasing domestic consumption of novel textile products is expected to support the region to maintain its dominance over the forecast period.
Technical textile application segment is estimated to witness the fastest growth over the next nine years. The U.S. product market in the segment is anticipated to grow at a CAGR of 3.8% from 2016 to 2025 to reach a net worth of USD 930.1 million by 2025
The global industry is discreetly fragmented with the top five enterprises accounting for over 50% of the total revenue in 2015. Major companies identified in this industry include BASF, Dow Chemical Company, Bayer AG, Huntsman International LLC and Sumitomo Chemicals Co. Ltd.
U.S. textile chemicals market revenue by product, 2014 – 2025 (USD Million)
Browse More Reports in Plastics, Polymers & Resins Industry:
North America textile chemicals market revenue, by application, 2015, (USD Million)
Due to increased disposable income and high purchasing power especially in the emerging economies such as China, India, Russia, and Brazil is anticipated to result in increased demand for textile chemicals in the next eight years. However, stringent regulatory laws implemented on the usage of fabric chemicals due to its hazardous impact on environment and human health is expected to remain a critical challenge for the manufacturers.
Home furnishing applications dominated the textile chemicals market with demand exceeding 3,600 kilo tons in 2015. Apparel segment accounted for over 25% of global revenue in 2015. Increasing usage of specialty chemicals in emerging application segments such as medical, industrial, and construction textiles is expected to further boost the market growth in the next eight years.
Grand View Research has segmented the textile chemicals market on the basis of product, application and region:
Textile Chemicals Product Outlook (Volume, Kilo Tons; Revenue, USD Million 2014 – 2025)
Coating & Sizing Chemicals
Dispersants/levelant
Fixative
UV absorber
Other
Finishing Agents
Water-repellent
Flame retardants
Lubricants
Surfactants
Wetting Agents
Detergents
Emulsifying Agents
Dispersing Agents
Desizing Agents
Bleaching Agents
Scouring Agents
Yarn Lubricants
Textile Chemicals Application Outlook (Volume, Kilo Tons; Revenue, USD Million 2014 – 2025)
Apparel
Sportswear
Outerwear
Innerwear
Others
Automotive fabric
Seat fabric
Body cloth
Seat belt
Headliner
Home furnishing
Furniture
Drapery
Carpet
Technical textiles
Agrotech
Buildtech
Geotech
Medtech
Miltech
Packtech
Protech
Transtech
Textile Chemicals Regional Outlook (Volume, Kilo Tons; Revenue, USD Million 2014 – 2025)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Belgium
Portugal
Asia Pacific
China
South Korea
Taiwan
Japan
Indonesia
Vietnam
Thailand
Bangladesh
Central & South America
Brazil
Middle East & Africa
UAE
Egypt
Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com
Media ContactCompany Name: Grand View Research, Inc.Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.Email: Send EmailPhone: 1-415-349-0058, Toll Free: 1-888-202-9519Address:201, Spear Street, 1100 City: San FranciscoState: CaliforniaCountry: SwitzerlandWebsite: www.grandviewresearch.com/industry-analysis/textile-chemical-market