Textile Chemicals Market to Develop at 3.9% CAGR during the Forecast Period: TMR Study

News provided by

Oct 26, 2022, 12:30 ET

The demand in the apparel category is estimated to be driven by the rise in understanding about safety, hygiene, and health
Steadily increasing demand for textile chemicals is estimated to be influenced by growing urbanization and construction of new houses

WILMINGTON, Del., Oct. 26, 2022 /PRNewswire/ -- In 2021, the Textile Chemicals Market size stood at US$ 26.5 Bn. The global market is estimated to develop at 3.9% CAGR during the forecast period, from 2022 to 2031. By 2031, the global Textile Chemicals Market is anticipated to touch value of US$ 38.9 Bn. Due to the growing world population and people's higher purchasing power, it is anticipated that demand for clothing and textiles will rise during the forecast timeline. Since raw materials are readily available in large quantities and manufacturing cost is low, companies in the global textile chemicals market are concentrating on raising output of textile chemicals in Asia Pacific.

With the prevalence of small and medium sized businesses, the textile industry is extremely fragmented. Market players are expected to concentrate on such textile firms to expand and diversify their markets. In order to take advantage of lucrative market prospects, top manufacturers are expected to concentrate on creating non-hazardous textile chemicals.

Textiles benefit from the excellent features that chemicals utilized in the textile industry offer and this is one of the key textile chemicals market growth factors. Increase in the demand for clothing, rise of the home furnishings industry, and the profitable existence of textile chemical producers throughout the world are likely to drive the global market for textile chemicals.

Request Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=205

Key Findings of Market Report

With a 42.2% textile chemicals market share, the apparel category led the global market by application in 2021. Lingerie, sportswear, undergarments, formal dress, casual wear, children's and adult personal clothes, and fashion accessories are all types of apparel items. Due to global expansion of population and rising disposable income, there is an increasing need for apparel items.
Increasing use of textile chemicals in home furnishings is estimated to be one of the key textile chemicals market trends. The introduction of e-commerce in the home furnishings industry is anticipated to boost this industry. The market for textile chemicals is anticipated to grow as home furnishings spending increases in emerging nations like Thailand, China, and India. Textile chemicals are extensively employed in the making and spinning procedure of home textiles.
Based on type, the coating & sizing agent's category accounted for a significant share of the global market in 2021, accounting for 30.1% of it. It is predicted that throughout the forecast period, the category is expected to expand at 4.1% CAGR during the forecast timeline. In order to provide yarn a smooth, consistent surface, coating and sizing chemicals are used. Chemicals used in textile coating and sizing have a number of desirable characteristics, including superior friction, resistance, and tension to yarn. Both hairiness and smoothness can be improved by them. The washing and dyeing of yarns and textiles is another common usage for textile auxiliary materials.

Make an Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=205

Global Textile Chemicals Market: Growth Drivers

Asia Pacific accounted for 65.3% of the global market for textile chemicals based on region in 2021. Asia Pacific textile chemicals market is anticipated to be driven by abundance of natural resources, raw materials, and low-cost of production.

Global Textile Chemicals Market: Key Competitors

The Dow Chemical Company
Huntsman International LLC
The Lubrizol Corporation
CHT Switzerland AG
OMNOVA Solutions Inc.
Tata Chemicals Ltd

Ask References: https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=205

Global Textile Chemicals Market: Segmentation

Product Type

Coating & Sizing Chemicals
Dyes & Dyestuff
Finishing Agents
Surfactants
Desizing Agents
Bleaching Agents
Yarn Lubricants
Others

Application

Home Furnishing Textiles
Technical Textiles
Apparel
Industrial Textiles

Browse More Chemicals & Materials Market Reports by TMR:

Smart Carbon Market - Smart Carbon Market to Reach US$ 12.0 Bn by 2031

Flooring Market - Flooring Market to Register CAGR of 6.4% from 2022 to 2031

Ceramic Tiles Market - Ceramic Tiles Market to Register CAGR of 8.6% from 2022 to 2031

Bio-based Flavors and Fragrances Market - Bio-based Flavors and Fragrances Market to Register CAGR of 8.3% from 2022 to 2031

Manganese Alloys Market - Manganese Alloys Market to Register CAGR of 5.9% from 2022 to 2031

Lubricants Market - Lubricants Market to Register CAGR of 2.9% from 2022 to 2031

Hexane Market - Hexane Market to Register CAGR of 3.9% from 2022 to 2031

Foundry Chemicals Market - Foundry Chemicals Market to Register CAGR of 2.6% from 2022 to 2031

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]