The global textile chemicals market to grow at a CAGR of 3.92% during the period 2016-2020.
Global Textile Chemicals Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Textile chemicals are widely used in processing fiber. Some of the major processes include bleaching, dyeing, printing, conditioning, and finishing. They are also used as reducing agents, softening agents, and in sequestration. These are also easy to use due to their fluid nature and as a result of which they can be employed in a variety of reactive dye types.
According to the report, one of the key drivers for market growth will be growing global apparel market. The global apparel market is growing at a faster pace in developing economies such as India, China, and Brazil than in the developed nations. Increasing brand consciousness and fashion sense, and the rise in disposable incomes in the developing nations are encouraging the growth of the global apparel market. This is compelling garment and textile manufacturers to manufacture quality apparel.
Emergence of new textiles with smart functions will be a key trend for market growth. The textile chemical industry is developing new textiles with smart features due to advances in technology. New products are being developed in industrial and medical textiles, geo- and agro-textiles, and in wearable electronics. The apparel industry, with its increased focus on branding, is differentiating products by using unique selling points such as wrinkle resistance, stain resistance, and antimicrobial properties. The growing demand for leisure and sportswear is promoting the use of antimicrobial finishes that prevent odor generated by bacteria and sweat.
The increasing disposable income in both developed and developing countries is a major factor boosting the demand for textile chemicals. This factor has encouraged the production and consumption of textiles used in upholstery, apparel, household furnishings, and floor coverings. However, an unstable global economic scenario will result in reduced expenditure on apparel and accessories, thereby affecting the demand for textile chemicals.
- Dow Chemical
Other prominent vendors
- Kiri Industries
- Omnova Solutions
- Pulcra Chemicals
- Sumitomo Chemical
For more information about this report visit http://www.researchandmarkets.com/research/ldztkd/global_textile
Related Topics: Textiles
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