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Textile Chemicals Market Worth USD 26.40 Billion by 2027; Increasing Investment in R&D of Green Chemicals Will Emerge in Favor of Market Growth, says Fortune Business Insights™

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Pune, Sept. 02, 2020 (GLOBE NEWSWIRE) — The global textile chemicals market size is projected to reach USD 26.40 billion by the end of 2027. The increasing applications of the product across diverse industry verticals will emerge in favor of the growth of the market. According to a report published by Fortune Business Insights, titled “Textile Chemicals Market Size, Share & COVID-19 Impact Analysis, By Product Type (Coating & Sizing Chemicals, Colorant & Auxiliaries, Finishing Agents, Surfactants, De-sizing Agents and Others), By Application (Apparel, Home Furnishing and Technical Textiles) and Regional Forecast, 2020-2027,” the market was worth USD 20.85 billion in 2019 and will exhibit a CAGR of 3.2% during the forecast period, 2020-2027.The recent coronavirus outbreak has created a sense of panic across the world. This has led to a shutdown in major businesses across the world. We understand that this health crisis has brought an unprecedented impact on businesses across industries.However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
List of the Leading Companies Profiled in the Global Textile Chemicals Market are:Omnova Solutions Inc.ArchromaHuntsman Corporation (USA)DIC Corporation (Japan)Kiri Industries Ltd. (India)Covestro AG (Germany)Lubrizol Corporation (USA)Solvay S.A. (Belgium)Evonik Industries (Germany)Tanatext Chemicals (Netherlands)Rudolf GmbH (Germany)NICCA Chemical Co. Ltd. (Japan)Kemin Industries Inc. (USA)JINTEX Ltd. (Taiwan)Sarex Chemicals (India)Textile chemicals are products that are used in the treatment of textile material at various stages in the manufacturing process. The product plays an important role in obtaining favorable textile properties. The rising applications of textile chemicals across diverse industry verticals will emerge in favor of the growth of the overall market in the forthcoming years. The massive investments in the development of efficient textile chemicals by major companies across the world will contribute to the growth of the market.Accounting to the rising awareness regarding the use of harmful chemicals and their adverse effects on the quality and durability of textiles, there is an increasing demand for green textile chemicals across the world. The increasing R&D activities will play a crucial role in the development of green textile chemicals in the coming years.The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. Asia Pacific is the hub for leading textile manufacturers. The region is home to companies such as DIC Corporation, Sarex Chemicals, and Kiri Industries. The favorable climatic conditions have led to an ease of availability of raw materials in several countries across this region. As of 2019, the market in Asia Pacific was worth 1.55 billion and this value is projected to increase at a considerable pace in the coming years.The market in North America will rise considerably driven by the rise of the textile industry in this region. The country is constantly engaging in developing efficient textile apparels for use in the defense sector as well as the healthcare industry.Cost-reduction Needs have put Innovations to the ForeThe report encompasses several factors that have contributed to the growth of the overall textile chemicals market in recent years. Among all factors, the increasing number of product innovations driven by rising need for low-cost products will have a huge impact on the growth of the market. Several companies are focusing on manufacturing methods with the view to minimizing the total product cost.In October 2019, Huntsman Corporation, a leading textile chemical manufacturer, announced that it has launched a new dyeing auxiliary that will save the total cost of polyester dyeing. The company introduced ‘Eriopon E-3 SAVE’ dyeing; a product with the ability to shorten the dyeing cycle of the polyester. The product will combine pre-sourcing, reduction, and dyeing in a single bath. This will significantly reduce the time as well as the cost associated with the product. Huntsman’s latest product is not the only progress that the company has made and recent activities will help the company gain a formidable stand in the market.https://www.fortunebusinessinsights.com/enquiry/queries/textile-chemicals-market-103284
March 2020: Huntsman Corporation announced the launch of a new high performance polyester dye. The company introduced ‘Terasil Blue W Dye,’ for polyester sport and athleisure wear.Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyAcronym SectionExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsLatest Technological AdvancementsInsights on Regulatory ScenarioPorters Five Forces AnalysisQualitative Insights – Impact of COVID-19 on the Global Textile Chemicals MarketSupply Chain ChallengesSteps taken by Government/Companies to overcome this impactPotential opportunities due to COVID-19 outbreakTOC Continued…!!!
Textile wax Market Size, Share & Industry Analysis, By Type (Yellow Wax, Green Wax, White Wax, Blue Wax), By Application (Wool, Cotton, Viscose, Others) and Regional Forecast, 2020-2027
Agro Textiles Market Size, Share & Industry Analysis, By Product (Shade Nets, Mulch Nets, Fishing Nets, Anti-Hail & Bird Protection, and Others), By Application (Agriculture, Aquaculture, Horticulture & Floriculture, and Others), and Regional Forecast, 2020-2027
Surfactants Market Size, Share & Industry Analysis, By Type (Anionic Surfactants, Non-ionic Surfactants, Amphoteric Surfactants, Cationic Surfactants, Others), By Product (Synthetic, Bio-based), By End-Use Industry (Agrochemicals, Home & Personal care, Industrial & Institutional (I&I), Oil and gas, Paints/coatings, Plastics & Elastomers, Others)Others and Regional Forecast, 2019-2026Technical Textiles Market Size, Share & Industry Analysis, By Product Type (Agrotech, Buildtech, Clothtech, Geotech, Hometech, Indutech, Medtech, Mobiltech, Packtech, Protech, Sporttech and Oekotech), By Fiber Type (Natural Fiber and Synthetic Fiber), By Product Form (Fabric, Fiber and Yarn) and Regional Forecast, 2019-2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.  At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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