Dublin, Feb. 11, 2021 (GLOBE NEWSWIRE) — The “Textile Chemicals Market 2020-2026” report has been added to ResearchAndMarkets.com’s offering.
The global textile chemicals market is anticipated to register a CAGR of 3.6% over the forecast period. The major factors driving the growth of the market include the growing demand for apparel and industrial fabrics globally. Apparel is one of the oldest and largest export industries across the globe. It is also one of the fastest-growing global industries as most of the developing countries manufacture for international textile and apparel. Apparel is often the typical starter industry for countries engaged in export-oriented markets, due to its low fixed costs and emphasis on labor-intensive manufacturing. Thus, the rapid growth of the apparel market across the globe and majorly in developing economies is expected to drive the textile chemicals market during the forecast period majorly.
On the flip side, the pollution problems caused by the textile dyeing and finishing industry and the adversarial economic effects of the COVID-19 pandemic are expected to challenge the growth of the textile chemicals market. According to a study ‘Global trade impact of the Coronavirus (COVID-19) epidemic’ by a division on International Trade and Commodities, United Nations Conference on Trade and Development (UNCTAD), the epidemic has affected global textile and apparel industry worth more than $1.2 billion, which certainly had rigorous impacts on the growth of the global textile chemicals market.
The global textile chemicals market is segmented based on type, application, and raw material. Based on type, the market is segmented on the basis of colorants & auxiliaries, coating & sizing chemicals, surfactants, desizing agents, finishing agents, and others. Based on application, the market is classified into apparel, automotive textile, home furnishing, industrial textile, and others. By application, the apparel segment accounted for the largest share, holding more than half of the total market in terms of revenue, in 2019. On the basis of raw material, the market is fragmented into synthetic, cotton, wool & cashmere, silk, rayon/viscose, other.
Geographically the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific is the leading market for the textile industry, hence, the demand for textile chemicals in the region will be the highest during the forecast period. The textile industry in the Asia-Pacific is driven by the increasing sales volume of clothing and apparel goods through offline means of sale as well as online portals including Amazon, Alibaba, Flipkart, and more.
Archroma, Evonik Industries AG, Giovanni Bozzetto SpA, SABIC, Tata Chemicals Ltd., Evonik Industries AG, Dow Inc., Huntsman International LLC are some of the major companies operating in the global textile chemical market. The market players are considerably contributing to the market growth by adopting various strategies including competitive merger & acquisition, collaborations with the government, and expansion to stay competitive in the market.
Research Methodology
The market study of the global textile chemicals market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook.
In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring more authenticity to the reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for chemical manufacturers, textile industry, raw material suppliers, traders, third-party distributors, importers, exporters, government organizations, regulatory bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and strategies adopted by them. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
Market Segmentation:
1. Global Textile Chemicals Market Research and Analysis by Type
2. Global Textile Chemicals Market Research and Analysis by Application
3. Global Textile Chemicals Market Research and Analysis by Raw Material
The Report Covers:
- Comprehensive research methodology of the global textile chemicals market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global textile chemicals industry.
- Insights about market determinants that are stimulating the global textile chemicals market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Key Topics Covered:
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Archroma
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Dow Inc.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Evonik Industries AG
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. SABIC
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Huntsman International LLC
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Global TextileChemicalsMarket by Type
5.1.1. Colorants &Auxiliaries
5.1.2. Coating&Sizing Chemicals
5.1.3. Surfactants
5.1.4. Desizing Agents
5.1.5. Finishing Agents
5.1.6. Others
5.2. Global TextileChemicals Market by Application
5.2.1. Apparel
5.2.2. Automotive Textile
5.2.3. Home Furnishing
5.2.4. Industrial Textile
5.2.5. Others
5.3. Global Textile Chemicals Market by Raw Material
5.3.1. Synthetic (Polyester, Nylon)
5.3.2. Cotton
5.3.3. Wool & Cashmere
5.3.4. Silk
5.3.5. Rayon/Viscose
5.3.6. Others
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Achitex Minerva SpA
7.2. Archroma
7.3. Arkema SA
7.4. Borealis AG
7.5. China Petroleum & Chemical Ord Shs A (SINOPEC)
7.6. CHT Germany GmbH
7.7. Covestro AG
7.8. Croda International PLC
7.9. Dow Inc.
7.10. DyStar Singapore Pte Ltd.
7.11. Evonik Industries AG
7.12. Formosa Plastics Corp.
7.13. Giovanni Bozzetto S.p.a.
7.14. Huntsman International LLC
7.15. KemiraOyj
7.16. .Mitsubishi Chemical Corp.
7.17. NICCAChemical Co., Ltd.
7.18. Nouryon Chemicals Holding B.V.
7.19. Rudolf GmbH
7.20. SABIC
7.21. Sarex Chemical Ltd.
7.22. Solvay SA
7.23. Tata Chemicals Ltd.
7.24. Tanatex Chemicals BV
7.25. Toray Industries, Inc.
7.26. The Lubrizol Corp.
7.27. Wacker Chemie AG
7.28. Zhejiang Longsheng Group Co., Ltd.
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