Published on : Jun 17, 2016
ALBANY, New York, June 17, 2016: A new report, titled ‘Textile Chemicals (Coating & Sizing Chemicals, Colorants & Auxiliaries, Finishing Agents, Surfactants, Desizing Agents, Bleaching Agents, and Yarn Lubricants) Market for Home Furnishing, Apparels, and Industrial & Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,’ is featured on ResearchMoz.us. As per the report, even though the global market is benefited by the growth of the technical textiles market, it is expected to face challenges of growing environmental concerns.
Textile chemicals are used for the manufacture of various textiles. In recent years, the increasing disposable income of people worldwide has given a boost to the trend of manufacturing designer apparel across the globe. The rising trend of manufacturing smart apparels has led to the increasing production of smart textiles. The demand for environment-friendly fabrics is increasing considerably, thus encouraging the trend of bio-based textile chemicals.
The rising demand for eco-friendly and bio-based textile chemicals is, however, predicted to challenge the global textile chemicals market in the near future. At the same time, the recent development of new textiles is anticipated to create enormous growth opportunities in the global market for textile chemicals. Leading companies such as The DyStar Group, Lonsen Inc., The Lubrizol Corporation, The Dow Chemical Company, Kiri Industries Limited, Huntsman International LLC, Archroma, Solvay SA, Covestro AG, OMNOVA Solutions Inc., and Pulcra Chemicals GmbH are focusing on introducing new textile chemicals in the global market.
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Where environmental concerns are the primary barrier to the growth of the global textile chemicals market, leading players are taking efforts to advance their technology to manufacture environment-friendly products. The growing investment in research and development activities for the discovery of new textile chemicals is likely to keep the growth of the global textile chemicals market steady throughout the forecast period. The global textile chemicals market is spread across regions such as Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Asia Pacific is predicted to be the leading market for textile chemicals. The growth of the apparels market in many areas is expected to support the growth of the global textile chemicals market in the near future.
Even though the present performance of the textile chemicals market is a bit shaky, the constant rise in the demand for clothes is expected to boost the global demand for textile chemicals in the near future. The entry of new companies has created more growth opportunities in the global textile chemicals market. Over the past few years, many small-scale companies have entered the textile chemicals business with an intention to monetize their innovative ideas. Partnerships between textile chemical manufacturers and textile colorant manufacturers have created a new phase in textile innovation.
The global textile chemicals market is segmented on the basis of region, application, and product. By product, the global textile chemicals market is classified into coating and sizing chemicals, finishing agents, surfactants, colorants and auxiliaries, desizing agents, bleaching agents, and yarn lubricants. Textile chemicals find applications in many industry verticals such as apparel, home furnishing, and industrial sectors.
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