NEW YORK, Aug. 23, 2016 /PRNewswire/ -- Technical textile chemicals is an emerging segment of the textile chemicals market. Rising demand for technical textile chemicals can be attributed to increasing technological advancements and product innovations over the last decade. Over the course of next five years as well, growth in the global technical textile chemicals market is expected to be highly influenced by research & development activities undertaken by major industry players to develop novel product formulation that address diverse end use requirements. Moreover, rising standards of living, changing lifestyles, increasing purchasing power of consumers and growing awareness about benefits of using technical textiles is projected to augur well for the global technical textile chemicals market in the coming years. Asia-Pacific is projected to emerge as a key market for technical textile chemicals on account of rising disposable income levels, especially in India and China.
According to "Global Technical Textile Chemicals Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021", the global market for technical textile chemicals is forecast to surpass US$ 4.3 billion by the end of 2016. Growth in the market is anticipated on account of increasing investments in product portfolio development, supportive government initiatives to boost use of technical textile chemicals in textile processing and rising demand from various end use segments such as construction, building, automobile, agriculture and packaging, among others. Technical textile auxiliaries dominate global technical textile chemicals market, as these chemicals are used in larger quantities to manufacture technical textiles as compared to colorants. Although Packtech dominates global technical textiles market, Mobitech is projected to emerge as the fastest growing application segment of technical textile chemicals due to increasing demand from automobile OEMs. "Global Technical Textile Chemicals Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021" report elaborates following aspects related to the global technical textile chemicals market:
- Global Technical Textile Chemicals Market Size, Share & Forecast
- Segmental Analysis - By Region (North America, South America, Asia-Pacific, Europe, and Middle East and Africa), By Type (Auxiliaries and Colorants), By Application (Packtech, Buildtech, Medtech, Mobitech, Agrotech and Others)
- Regional Analysis – Asia-Pacific, North America, Europe, Middle East & Africa, and South America
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
- To gain an in-depth understanding of global technical textile chemicals market
- To identify the on-going trends and anticipated growth in the next five years
- To help industry consultants, technical textile chemical manufacturers, distributors and other stakeholders to align their market-centric strategies
- To obtain research based business decisions and add weight to presentations and marketing material
- To gain competitive knowledge of leading market players
- To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer's specific needs
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with technical textile chemicals manufacturers, distributors and industry experts. Secondary research included an exhaustive search of relevant publications such as company annual reports, financial reports and other proprietary databases.
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