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Global Textile Chemicals Market to 2023 - Growing Adoption of Low Voc and Biodegradable Materials for Textile Manufacturing

Dublin, Sept. 24, 2018 (GLOBE NEWSWIRE) -- 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 technical textile in end-use industries, such as automotive, healthcare, agriculture, and packaging. Growing trends towards better home furnishing and aesthetics are also driving the consumption of textile chemicals. However, factors such as stringent environmental regulations regarding disposal of textile effluents and cyclic nature of textile industries are responsible for restraining and challenging the market, respectively.

Synthetic fiber is projected to be the fastest-growing segment of the overall textile chemicals market during the forecast period (2018-2023). Extensive use of synthetic fibers in fashion & apparel, electronics, healthcare, packaging, and automotive industries, coupled with its low price in comparison to natural fibers, is driving its demand in the textile industry.

The finishing agents segment is projected to be the fastest-growing product type in the overall textile chemicals market during the forecast period (2018-2023). Finishing is one of the most important procedures in textile manufacturing. This process involves a chemical treatment for stiffening, softening, moth-proofing, and imparting water repellency, antimicrobial, and fire-proofing characteristics.

Technical textile is projected to be the fastest-growing consumer of textile chemicals during the forecast period (2018-2023). High demand from automobile, construction, healthcare, packaging, and various other industries, coupled with the emergence of new technologies, is driving the market in this segment.

The APAC region is projected to be the fastest-growing market for textile chemicals during the forecast period. Growth of the textile chemicals market in APAC is due to the favorable and cost-effective manufacturing environment, presence of significant consumer base, and supportive government policies.

The report also provides company profiles and competitive strategies adopted by major market players, such as Archroma (Switzerland), Huntsman (US), Tanatex Chemicals (Netherlands), DowDuPont (US), DyStar Group (Singapore), Wacker Chemie AG (Germany), Evonik Industries (Germany), Rudolf Group (Germany), and Bozzetto Group (Italy).

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
5.3.1 Threat of New Entrants
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry
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

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.

For more information about this report visit https://www.researchandmarkets.com/research/8lxjcz/global_textile?w=12

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