Stratview Research releases a new insightful report on the Textile Chemicals Market, that makes efforts at providing deep insights into numerous factors that are vital to the growth of this industry.
Market Insights
According to the present report, the textile chemicals market size was valued at USD 26.42 Billion in 2021 and is likely to grow at a CAGR of 4.52% during 2022-2028 to reach USD 36.14 Billion in 2028.
Key players mentioned in the report are -
Some of the major players mentioned in the report are listed below-
- ABITEC
- Achitex Minerva Spa
- Air Products Chemicals Inc.
- Arkema
- Nouryon
- The Lubrizol Corporation
- Chemipol (Kothari Group of Industries)
- Dainichizeika Color Chemicals Mfg. Co. Ltd
- The Dow Chemical Company
- Formosa Organic Chemical Industry Co. Ltd.
Market Segments Analysis
Based on the product type, the textile chemicals market is segmented as coating sizing agents, colorants auxiliaries, finishing agents, surfactants, desizing agents, bleaching agents, and others. The coating sizing agents segment accounted for the largest market share of more than 50% in 2021. As coating sizing agents enhance the strength and abrasion resistance of yarns, they are widely used in the pretreatment stage of the textile processing chain, which is a major factor driving the growth of the segment.
Based on the application type, the market is segmented as apparel, home textile, technical textile, and others. The apparel segment accounted for the largest market share of more than 45% in 2021. Increasing population and disposable income are paving the path toward unprecedented growth, bolstering the demand for apparel.
Based on the fiber type, the market is segmented as natural and synthetic. The synthetic segment is expected to maintain its dominance during the forecast period owing to its better performance with lower production cost characteristics.
In terms of regions, Asia-Pacific held the highest market share of more than 55.8% in 2021. Large population, cheap labor, rapid industrialization, and robust textile manufacturing base are the factors likely to increase the demand for textile chemicals in the region. China and India are the growth engines of the region.
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