Textile Chemicals Market Size is Expected to Reach USD 38.66 Billion in 2030 | Dow Inc., BASF SE, Wacker Chemie AG, Huntsman Corporation
Increasing demand for technical textiles owing to better functionality and superior properties is a key factor driving market revenue growth
The global textile chemicals market size is expected to reach USD 38.66 Billion in 2030 and register a revenue CAGR of 4.3% over the forecast period, according to the latest report by Reports and Data. The key factors driving global textile chemicals market revenue growth are rising global population and increasing demand for apparel in various textures and designs. Global apparel sales are also being influenced positively by rising influence of social media and significant shift in consumer preference for foreign textile brands.
This report on the Textile Chemicals market offers an extensive analysis of the trends to estimate its growth in the near future. It provides historical investigation and evaluates the trends observed in the data gathered to speculate the development in its size, share, demand, total earnings, and revenue. It considers the years 2018 and 2019 to collect historical data while considering 2020 as the base year to draw a forecast for the years 2020 to 2030. This assessment indicates a stable CAGR in the predicted duration and discusses those sectors that might boost the development of the industry.
Textile chemicals play an important role in textile manufacturing process right from fiber pre-treatment to textile finishing. Textile chemicals serve a variety of functions in determining the efficiency of textile manufacturing as well as the quality of finished goods. Continuous research and development in the field of technical textiles has expanded their application in the construction, agricultural, medical, industrial, environmental, electrical, and electronic industries, and this in turn, is boosting demand for the product in textile manufacturing.
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The report also provides key insights into the factors and aspects that are likely to influence the growth of the industry. Along with the prominent drivers and restraints, the report considers the pandemic of COVID-19 as a key influencing factor. The report assesses the comprehensive impact of the pandemic on the Textile Chemicals market. It also offers insights into how the crucial segments of the market have been affected by the pandemic. The report assesses comprehensive data to generate a total impact analysis of the pandemic and offers a futuristic outlook to offer a general idea of the current market scenario and economic landscape.
The report covers extensive profiling of the Emerging Manufacturers, including:
- Dow Inc.
- BASF SE
- Wacker Chemie AG
- Huntsman Corporation
- Evonik Industries AG
- Archroma, Solvay S.A.
- TANATEX Chemicals India Pvt. Ltd.
- DIC Corporation
- and OMNOVA Solutions Inc.
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The Textile Chemicals market is further segmented on the basis of product types offered by the market and the application spectrum.
Fiber Type Outlook (Revenue, USD Billion; 2018-2030)
- Natural Fiber
- Synthetic Fiber
Product Type Outlook (Revenue, USD Billion; 2018-2030)
- Coating & Sizing Agents
- Colorant & Auxiliaries
- Finishing Agents
- Desizing Agents
- Bleaching Agents
Application Outlook (Revenue, USD Billion; 2018-2030)
- Home Furnishing Textiles
- Technical Textiles
- Industrial Textiles
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Key Regions Assessed in the Report Include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The Textile Chemicals report is formulated through extensive primary and secondary research and further validated through industry experts and professionals. The data has been accrued through authentic sources, including interviews, documents, databases, and other sources to offer accurate insights into the industry to offer beneficial data to the readers and companies.
Key questions covered in the global Textile Chemicals market report:
What is the expected market size of the global Textile Chemicals market during the forecast period?
What factors are expected to hamper global Textile Chemicals market growth over the forecast period?
What key factors are expected to drive global revenue growth between Forecast Period?
Which application segment is expected to dominate other application segments over the forecast period?
Which region is expected to dominate in terms of revenue during the forecast period?
What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
Which leading players are operating in the global Textile Chemicals market?
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Published Wed, 06 Apr 2022 07:34:27 -0500