Textile Chemicals Market Study Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2028

The global textile chemicals market size reached USD 21.23 Billion in 2020 and is expected to register a revenue CAGR of 4.3% during the forecast period, according to latest analysis by Emergen Research. Rising demand for technical textiles as well as increased use of biodegradable and low Volatile Organic Compound (VOC) materials in textile manufacturing are some key factors driving global textile chemicals market revenue growth. In addition, increasing urbanization and industrialization in countries across the globe are trends projected to continue to support revenue growth of the market between 2021 and 2028.

Textile manufacturers and vendors are rapidly being compelled to provide textiles that are sustainably manufactured and free of harmful chemicals due to stringent regulations by governments, initiatives by non-governmental organizations, and shifting preferences among end-users. Major brands and stores are requesting that their suppliers show the products' long-term sustainability. Restricted Substance Lists (RSLs) specifying banned substances and their limitation levels are established for the purpose. A widely used textile chemical in the manufacturing of textiles are dyes.

The report contains extensive analysis of the market in light of the ongoing COVID-19 impact. The pandemic has affected the economic landscape of the world dynamically. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic. The report also discusses the present and future impact of the COVID-19 outbreak.

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Furthermore, the report provides a comprehensive overview of the Textile Chemicals Market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.

Regional Analysis:

The report sheds light on the region expected to dominate the Textile Chemicals market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Textile Chemicals market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

Market Overview:

The research report on the Textile Chemicals market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Textile Chemicals business sphere.

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Some Key Highlights from the Report

Technical textile segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing usage of textile chemicals in technical textiles. Usage is expected to rise due to rising awareness about better function and uses of such products in various industries.
Coating sizing agents segment is expected to register a significantly robust revenue growth rate over the forecast period. Sizing chemicals are widely used to improve yarn abrasion strength and resistance in weaving. Use of sizing chemicals lowers weaving hazards, including yarn fraying and breakage during weaving process.
Asia Pacific is expected to register a significantly rapid revenue growth rate over the forecast period. Low manufacturing costs in countries in Asia Pacific, along with rapid introduction of cutting-edge technologies in the manufacturing process by companies is expected to drive revenue growth of the market in this region.

Some major companies in the market include BASF SE, Wacker Chemie AG, Solvay S.A., Huntsman Corporation, The Dow Chemical Company, Sumitomo Chemicals Co. Ltd., The Lubrizol Corporation, Tata Chemicals Limited, Kemira Oyj, and Evonik Industries AG

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Emergen Research has segmented the global textile chemicals on the basis of product type, fiber type, application, and region:

Product Type Outlook (Volume Tons, Revenue, USD Billion; 2018–2028)