Global Textile Chemicals Market Poised to Bring in $25.5 Billion by 2020

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Deerfield Beach, FL — (SBWIRE) — 08/24/2017 — Zion Market Research has published 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, Apparel and Industrial & Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast 2014 – 2020.” According to the report, global demand for textile chemicals was valued at USD 20.5 billion in 2014 and is expected to reach USD 25.5 billion in 2020, growing at a CAGR of around 4% between 2015 and 2020. In terms of volume, the global textile chemicals market stood at above 9,500-kilo tons in 2014.

Textile industry requires various chemicals right from pretreatment to finishing of textile. Thus textile chemicals are indispensable part of the textile industry. Textile chemicals can be a compound, intermediates or chemicals used at any stage of textile production. With the use of textile chemicals, manufacturers of textile can attain desired color, appearance, texture and properties in the final product. Some of the important chemicals used at a different level of textile manufacturing include pretreatment chemicals, textile dyeing chemicals, dyeing and printing chemicals, finishing chemicals, antistatic agents and other specialty chemicals.

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The textile chemicals market has been segmented based on product types such as coating & sizing chemicals, colorants & auxiliaries, finishing agents, surfactants, resizing agents, bleaching agents, and yarn lubricants. Coatings and sizing chemicals dominated the global textile chemicals market with around 30% share of the total volume consumed in 2014. Colorants & auxiliaries is the second largest product segment of global textile chemicals market. Desizing agents are expected exhibit fastest CAGR during the forecast period.

The textile chemicals market has been segmented based on applications that include home furnishing, apparel and industrial & other applications. Home furnishing is one of the largest applications for textile chemicals. It accounted for over 35% share of the textile chemicals market. However, apparel is expected to be one of the fastest growing end-user industry for textile chemicals during the forecast period.

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Asia Pacific dominated the global textile chemical market with over 50% share of the total volume consumption in 2014. It is also expected to be one the fastest growing market for textile chemicals. Strong demand for textile in Asia Pacific region owing huge population is the major driving factor for this industry. Strong growth of industrial sectors such as home furnishing and automotive which are leading end markets for textile are growing at a rapid pace in the region. Moreover, increase in disposable income as a result of growing industrial activity and economic activity in the region leading to the growth of this industry. Asia Pacific was followed by North America and Europe respectively.

Browse the full report at: http://www.marketresearchstore.com/report/textile-chemicals-market-z37357

The key players in textile chemical include Huntsman Corporation (Singapore), BASF SE (Germany), The Dow Chemical Company (U.S.), Bayer Material Science AG (Germany), and Lubrizol Corporation (U.S.), Lonsen (China), Archroma (Switzerland).

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Zion Market Research is an obligate company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from Cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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About the Author: Jim Kim

Jim has over six years experience as a teacher, ecologist, zoologist and botanist. He has a B.S. from Cornell University, and a Ph.D. in biology from Harvard University Graduate School. His professional expertise in environmental health empacts has been recognized since 1973, when he testified at a New York DEC public hearing in Utica on ground truthing aerial photo wetland mapping by wetland community type. He taught (HS) Physics, Geology, Oceanography, Chemistry and photography from 1970-1980 at Palfrey Street School, Watertown, MA. Aproject: National Cooperative Highway Research Program. Jim works as our health editor