MarkNtel Advisors recently published a detailed industry analysis of the Global Textile Chemicals Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Textile Chemicals Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Textile Chemicals Market is expected to grow at a CAGR of around 4.1% during the forecast period, i.e., 2023-28.
Key Findings in Global Textile Chemicals Market:
- Historical Analysis: 2018–2021
- Base Year: 2022
- Forecast Period: 2023–2028
Leading Market Players- Kiri Industries Ltd., OMNOVA Solutions Inc., German Chemicals Ltd., AB Enzymes, Organic Dyes and Pigments, Govi N.V., Resil Chemicals Pvt. Ltd., LANXESS, Dow, BASF SE, Huntsman International LLC, The Lubrizol Corporation, Archroma, Omya United Chemicals, BioTex Malaysia, Others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Textile Chemicals industry?
Mounting Prevalence of Technical Textiles Worldwide - Technical textiles that exhibit enhanced elasticity, anti-dust & insulation properties, thermal & fire & mechanical resistance, as well as resistance to UV & IR provide unique characteristics, which widely differ from the normal fabric. They are used generally for non-aesthetic applications in packaging, medical & personal hygiene, automobiles, agriculture, industrial, and sports & leisure, among other industries, which are expanding at a significant rate globally. Hence, the massively growing demand for technical textiles worldwide is projected to act as a major growth driver for the Global Textile Chemicals Market during 2023-28.
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What segments define the Global Textile Chemicals Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Fiber Type
- Natural Fiber
- Cotton
- Wool
- Synthetic Fiber
- Polyester
- Polyamide
- Viscose
By Product
- Coating & Sizing Chemicals
- Colorants & Auxiliaries
- Desizing Agents
- Finishing Agents
- Surfactants
- Bleaching Agents
According to report, Among all, Coating and Sizing Chemicals dominated the market with the largest share in the previous years and is anticipated to prevail in the same trend during the forecast period.
By Application
- Apparel
- Sportswear
- Outerwear
- Innerwear
- Home Furnishing
- Bed Linen
- Drapery
- Carpet
- Other
- Technical Textiles
According to report, Here, Apparel is anticipated to dominate the market with the largest share during the forecast period.
Explore the Complete Global Textile Chemicals Market Analysis Report – https://www.marknteladvisors.com/research-library/textile-chemicals-market.html
Geographical Analysis: Global Textile Chemicals Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Textile Chemicals Market Recent Development:
- In May 2021, Cosmo Specialty Chemicals Private Limited announced the development of Microenz BS sourced through an enzymatic process, an environmentally-friendly alkaline pectatelyase, in order to help eliminate challenges like high ETP load, harsh chemical usage, and water & time wastage posed by chemicals when sourced through traditional processes.
- The same year on 11 February, Dow introduced Dowsil IE-8749 Emulsion, a new generation of durable water-repellent finishes for fabrics that don't contain fluorocarbons, are resistant to wash cycles, have excellent durability, and provide greater control over the hand feel of the fabric.
- In May 2020, Huntsman Corporation & Phong Phu International (PPJ) joined forces to promote PPJ's growth in Vietnam as a leading manufacturer of sustainable and high-performance textiles & garments for the world's several leading brands & retailers.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Textile Chemicals Market?
- How is the Global Textile Chemicals Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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