The global textile chemicals market size is expected to reach US$ 41.40 Bn by 2031, from US$ 31.32 Bn in 2024 (CAGR) of 4.8%
BURLINGAME, CALIFORNIA, UNITED STATES, July 12, 2024 /
EINPresswire.com/ -- Market Overview:
Textile chemicals are extensively used in the textile industry for finishing processes such as wrinkle resistance, water resistance, stain resistance, flame retardancy, and dirt resistance. They provide functional properties to textiles.
Market Dynamics:
The global textile chemicals market is estimated to witness high growth over the forecast period owing to rising demand for functional textiles driven by growth in consumer preference for performance fabrics and rapid urbanization. Further, growing apparel sector in emerging economies of Asia Pacific is also expected to boost the market growth during the forecast period. Additionally, increasing use of technical textiles in industrial applications has created the demand for specialty chemicals. The growing infrastructure development activities globally are contributing to the growth of technical textiles in geotextiles, agriculture, and transportation. This has increased the demand for textile chemicals, thereby fueling the market growth.
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Stringent Regulations on Hazardous Chemicals May Restrain Market Growth
Many textile chemicals contain substances that are toxic or pose health hazards. There is a growing regulatory push worldwide to restrict the use of such problematic chemicals. For example, regulations like EU's Restriction of Hazardous Substances (RoHS) directive prohibit lead, cadmium, mercury and other toxic materials in electronics as well as textile products. Similarly, REACH in Europe places more responsibility on chemical producers to manage risks from hazardous substances. The evolving regulatory scenario and ban on certain chemicals may compel textile chemical manufacturers to reformulate their products or find alternatives. This can increase compliance costs and temporarily impact the demand and sales of textile chemicals.
Opportunities in Nanotechnology Applications in Textile Industry
The application of nanotechnology in textiles is opening up new opportunities for chemical companies. Nanotechnology enables fabrication of textiles at molecular scale to impart unique properties. For example, nanosilver and nanozinc particles are being used in fabrics to impart antibacterial and odor-reducing properties. Similarly, nanoemulsion chemistry is helping to develop water and stain repellent textiles. As nanotechnology based textile products gain traction, it will fuel innovative chemical formulation development. Textile chemical manufacturers can capitalize on this trend by developing nanoparticle dispersions, treating agents and other nanoscale products. This presents an avenue for companies to expand and diversify their portfolio.
Market Trend Shows Shift Towards Specialty Chemicals
Over the years, the textile chemicals market has been transforming from conventional commodity chemicals to more specialized product categories. There is a rising preference among textile producers for chemicals that provide enhanced performance, functionality and technical effects to fabrics. For instance, durable water repellent chemicals, antimicrobial agents, stain resistant formulations and flame retardant chemicals have higher demand. Specialty chemicals generally have better margins than bulk petrochemicals for manufacturers. This shift towards specialty textile chemicals as a result of new fabric technologies and high-performance requirements of end-users is a key market trend that is benefiting big players with extensive R&D resources.
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Top Companies Featured in This Report:
★ The DyStar Group
★ Lonsen
★ The Lubrizol Corporation
★ The Dow Chemical Company
★ Kiri Industries
★ Huntsman Corporation
★ BASF SE
★ Archroma
★ Omnova Solutions Inc
★ Solvay SA
★ Bayer Material Science.
Market Segmentation:
By Product Type:
★ By Product Type: Coating & Sizing Chemicals, Colorants & Auxiliaries, Finishing Agents, Surfactants, Desizing Agents, Bleaching Agents, Yarn Lubricants
★ By End User: Home Furnishing, Apparel, Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Textile Chemicals Market Competition Landscape by Players
Chapter 4: Assessment of Textile Chemicals Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Textile Chemicals sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn-
https://www.linkedin.com/in/priya-pandey-8417a8173/)
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