Market Highlights
The global textile chemicals market size was estimated at 9.80 million tons in 2016. Global apparel industry is expected to drive the market over the forecasted period. Increasing demand for technical textile across numerous end-use applications is also expected to be beneficial for the overall market growth.
Good qualities are used into technical textile products as compared to their conventional counterparts. Demand for technical apparel is increasing in the U.S. amongst end-use industries such as home furnishings, apparel, industrial textiles, technical textiles the demand for specialty chemicals required for is production has also enlarged.
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Technological improvement coupled with growing clothing demand is allowing manufacturers to offer exceptional marketing points such as stain-resistance, wrinkle-resistance, soft finish and antimicrobial properties to provide enhanced performance and comfort to customers. Moreover, increasing consumer spending towards high quality products especially in Canada and Mexico is anticipated to positively influence the industry over the forecast period.
Major Key Players:
• BASF SE
• Bayer AG
• Dow Chemical Company
• Huntsman International LLC
• AkzoNobel
• Arkema
• Lubrizol
• Omnova Solutions
• Pulcra Chemicals
• Kiri Industries
• Sumitomo Chemical
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Further key findings from the report suggest:
• The global Textile Chemicals market demand was estimated at 9.80 million tons in 2016
• Apparel dominated the Textile Chemicals market with a market share of in 2016.
• Asia Pacific has dominated the market and is projected to Expand at the highest CAGR
Regional Analysis
Asia Pacific region is expected to maintain its dominance in the global market. Emerging markets of China, japan and India are expected to boost the Asia Pacific Textile Chemicals market. Other emerging markets are North America, Europe and the Middle East countries. Asia Pacific has the largest market share for global Textile Chemicals, followed by Europe and Row.
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Browse Related Report
Global Specialty Chemicals Market Information-by type (Construction chemical, Food additives, Electronic chemicals, Cosmetic Chemicals, Lubricant & Oilfield chemicals, Water treatment chemicals, and others), by function (Antioxidants, Biocides, Catalysts, Enzymes, Specialty coatings and others), by end user (Automobile, Electronic, Plastic, Construction and personal care) and by Region - Forecast till 2022
https://www.marketresearchfuture.com/reports/specialty-chemicals-market
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