Global Textile Chemicals Market Report, published by Variant Market Research, forecast that the global market was valued at $23.8 Billion in 2016 and is expected to reach $31.3 Billion by 2024, growing at a CAGR of 3.5% from 2016 to 2024. In geographical segments, North America and Europe are expected to grow at a CAGR of 4.2% and 3.7%, respectively, during the forecast period 2016-2024.
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High adoption of advanced technologies, growing number of manufacturing lines to support the growing clothing demand, and development of technical fabrics are some of the factors driving the global textile chemicals market. Though, growing environment concern regarding the adverse effects of these chemicals may restrict the market growth. Moreover, expanding clothing and textile industry, growing agricultural activities, firming economies, improvement in healthcare infrastructure, and growing number of participants in sports activities would provide future scope for the market in the forthcoming period.
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The global textile chemicals market is primarily segmented into product, application, and geography. The product is classified into finishing agents, coating and sizing chemicals, colorants and auxiliaries, desizing agents, surfactants, bleaching agents, and yarn lubricants. Among which, coatings and sizing chemicals accounted for the supreme market share in the year 2016, trailed by colorants & auxiliaries. Based on application, the market has been classified into apparel industrial, home furnishing, and industrial & others applications. In 2016, industrial and other applications dominated the market with highest share, while, apparel industry is expected to achieve fastest CAGR.
North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the major geographical segments of the global textile chemicals market. Among which in 2016, Asia-Pacific dominated the market with supreme share of 46.1%, followed by North America with 21.5%. In terms of growth, North America would lead the market with fastest CAGR, owing to, expanding apparels & industrial textiles and need for eco-friendly products.
Major companies operating in this market segment include The Dow Chemical Company, OMNOVA Solutions Inc., The DyStar Group, Huntsman International LLC, Lonsen Inc., Pulcra Chemicals GmbH, Solvay SA, Archroma, Kiri Industries Ltd., and Covestro AG among others.
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Scope of Textile Chemicals Market
Product Segments
• Coating and Sizing Chemicals
• Finishing Agents
• Colorants and Auxiliaries
• Surfactants
• Desizing Agents
• Yarn Lubricants
• Bleaching Agents
Application Segments
• Home Furnishing
• Apparel Industrial
• Industrial & Other Applications
Geographical Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Others
• Asia-Pacific
o India
o China
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa

About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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