Textile Chemicals Market - Global Forecast to 2023: Market Leaders are Archroma, Huntsman, Tanatex Chemicals, DowDuPont, and DyStar Group
DUBLIN, Sept 24, 2018 /PRNewswire/ --
The "Textile Chemicals Market by Fiber, Product Type, Application, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global textile chemicals market size is estimated at USD 26.00 billion in 2018 and is projected to reach USD 31.64 billion by 2023, at a CAGR of 4.0% between 2018 and 2023.
The market is witnessing growth due to the increasing demand for apparel, technical textile, and home textile.
Based on fiber type, the textile chemicals market is segmented into natural and synthetic fiber. The synthetic fiber segment is estimated to lead the market in 2018 owing to its low production cost and better performance as compared to natural fiber. The market in this segment is also projected to witness the highest CAGR during the forecast period owing to increasing demand for polyester and viscose.
Based on product type, the textile chemicals market is segmented into coating & sizing, colorants & auxiliaries, finishing agent, desizing agents, surfactants, bleaching agents, and others. The coating & sizing agents segment is estimated to be the largest segment in the overall textile chemicals market in 2018 and is expected to maintain this position during the forecast period. This dominance is due to the increasing demand for these agents in the pre-treatment stage of the textile processing chain. These agents are widely consumed as they increase strength and abrasion resistance of yarns.
Based on application, the textile chemicals market is segmented into apparel, home textile, technical textile, and others. Apparel is projected to be the largest application segment during the forecast period. Increasing disposable income and growing population has led to a boost in the consumption of apparel, especially sportswear and casualwear. This, in turn, has increased the demand for textile chemicals in the apparel segment.
Based on region, APAC is estimated to be the largest market for textile chemicals during the forecast period. Availability of cheap labor, favorable government policies, strong textile manufacturing base, and rapid industrialization are expected to boost the demand for textile chemicals in the region during the forecast period. The growth of the market in APAC can be attributed to the shift of the manufacturing facilities of textile to APAC countries, such as China, India, Bangladesh, Vietnam, and Indonesia. Apart from this, increasing urbanization, large consumer base, and increasing disposable incomes are expected to drive the market in the region.
The global textile chemicals market is witnessing moderate growth. Factors restraining and challenging the growth of the textile chemicals market are stringent environmental regulations regarding the disposal of textile effluents and the cyclic nature of the textile industry.
Archroma (Switzerland), Huntsman (US), Tanatex Chemicals (Netherlands), DowDuPont (US), and DyStar Group (Singapore) lead the global textile chemicals market. These players are the major manufacturers of textile chemicals and are gaining a strong foothold in the market due to their robust business strategies.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Textile Chemicals Market
4.2 Textile Chemicals Market, By Region
4.3 APAC Textile Chemicals Market
4.4 Emerging vs Mature Textile Chemicals Market
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Technical Textile
5.2.1.2 Increasing Trend Towards Better Home Furnishing and Aesthetics
5.2.2 Restraints
5.2.2.1 Stringent Environmental Regulations Regarding Disposal of Textile Effluents
5.2.3 Opportunities
5.2.3.1 Growing Adoption of Low Voc and Biodegradable Materials for Textile Manufacturing
5.2.4 Challenges
5.2.4.1 Cyclic Nature of Textile Industry
5.3 Porter's Five Forces Analysis
5.4 Macroeconomic Overview and Trends
5.4.1 Introduction
5.4.2 Trends and Forecast of GDP
5.4.3 Textiles and Clothing Export, By Country
6 Textile Chemicals Market, By Fiber Type
6.1 Introduction
6.2 Natural Fiber
6.2.1 Cotton
6.2.2 Wool
6.2.3 Others
6.3 Synthetic Fiber
6.3.1 Polyester
6.3.2 Polyamide
6.3.3 Viscose
6.3.4 Others
7 Textile Chemicals Market, By Product Type
7.1 Introduction
7.2 Coating & Sizing Agents
7.3 Colorant & Auxiliaries
7.4 Finishing Agents
7.5 Surfactants
7.6 Desizing Agents
7.7 Bleaching Agents
7.8 Others
8 Textile Chemicals Market, By Application
8.1 Introduction
8.2 Apparel
8.2.1 Sportswear
8.2.2 Intimates
8.2.3 Outerwear
8.3 Home Textile
8.3.1 Bed Linens
8.3.2 Carpet
8.3.3 Curtains
8.3.4 Others
8.4 Technical Textile
8.5 Others
9 Textile Chemicals Market, By Region
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.2 India
9.2.3 Bangladesh
9.2.4 Vietnam
9.2.5 Indonesia
9.2.6 Rest of APAC
9.3 North America
9.3.1 US
9.3.2 Mexico
9.3.3 Canada
9.4 Europe
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Italy
9.4.5 Spain
9.4.6 Belgium
9.4.7 Turkey
9.4.8 Rest of Europe
9.5 Middle East & Africa
9.5.1 UAE
9.5.2 Egypt
9.5.3 Saudi Arabia
9.5.4 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Rest of South America
10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking of Key Players
10.3 Competitive Scenario
10.3.1 New Product Launch
10.3.2 Expansion
10.3.3 Partnership/Collaboration/Joint Ventures/Agreement
10.3.4 Merger & Acquisition
11 Company Profiles
11.1 Archroma
11.2 Huntsman
11.3 Tanatex Chemicals
11.4 Dowdupont
11.5 Dystar Group
11.6 Evonik Industries
11.7 Wacker Chemie AG
11.8 Rudolf Group
11.9 Bozzetto Group
11.10 Akzonobel N.V.
11.11 Additional Company Profiles
11.11.1 The Chemours Co.
11.11.2 Ethox Chemicals, LLC
11.11.3 Resil Chemicals Pvt. Ltd.
11.11.4 Indofil Industries Limited
11.11.5 Sarex
11.11.6 Kemin Industries
11.11.7 Fineotex Chemical Limited
11.11.8 CHT Group
11.11.9 Omnova Solutions
11.11.10 Covestro AG
11.11.11 Zhejiang Longsheng Group Co. Ltd.
11.11.12 Croda Chemicals
11.11.13 Kiri Industries Limited
11.11.14 The Seydel Companies, Inc.
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