Precedence Research’s latest report on the global textile auxiliaries market provides an analysis for the period of 2016 to 2027, wherein, 2020 is the base year, 2016 and before is historical data, and 2020 to 2027 is the forecast period.
The global textile auxiliaries market size was valued at US$ 7.2 Billion in 2019 and is projected to reach US$ 9.96 Billion by 2027, rising at a market growth (CAGR) of 4.2% during the forecast period.
Precedence Research provides an in-depth analysis of market size, share analysis, Industry growth, market valuation, market dynamics which includes drivers, restraints, opportunities, trends, challenges, market segmentation, competitive landscape, regional and country breakdowns, and strategies for textile auxiliaries market. The study reviews the global industry by-products or services offered, downstream fields, end using customers, historic data figures regarding revenue and sales, market context, and more.
The report comprises a detailed value chain analysis, which provides a comprehensive view of this market. The Porter’s Five Forces model for the global market has also been included to help understand the competitive landscape. The study covers market attractiveness analysis, wherein resin types are benchmarked based on their market value, growth rate, and general attractiveness.
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Textile auxiliaries are chemicals of articulated chemical products that permit processing operation in dyeing, preparation, printing of finishing to be conducted more efficiently. Particular textile auxiliaries are also essential to yield special finishing effects including water repellence, wash & wear, flame retardancy, anti-odor, aroma finish, color deepening and others. These auxiliaries are articulated for textile products in the forms of amphoteric, non-ionic, cationic, and surfactants. Textile auxiliaries are particularly utilized for dying and washing of yarns and fabrics. Textile chemicals are the specialty chemicals employed by textile processing sector for processing and dyeing of textiles in order to get the ultimate end product with compulsory features. Numerous corporations are today engineering textiles auxiliaries such as sequestering agent, wetting agent, anti-back staining agent, polyamide softeners, detergent, silicon softeners, and different fixing agents among others.
Snowballing penetration of fashion brands for casual wear in numerous nations is bolstering the textile manufacturing in these nations. A rising number of customers are approving fashion brands around the world. This is anticipated to lift the apparel segment of the global textile auxiliaries market throughout the estimate period. The advancement of the clothing trade in evolving countries can be credited to the increasing disposable income of individuals in these regions that is prospective to have a suggestively optimistic influence on the development of the global textile auxiliaries market. At present, designing a production process that exploits lower water and energy averts usage of toxic chemicals, and decreases waste generation is of greatest importance for textile manufacturing. Growing consciousness about environmental conservation is anticipated to boost requirement for greener textile auxiliaries including natural colorants or enzymes which would bid ecological textile processing approaches in the global textile auxiliaries market.
Besides, snowballing incomes has raised the necessity for textile chemicals. Home furnishing products, medicinal and healthcare products, floor furnishing products are other prevalent sectors in the global textile chemicals market. The speedy growth of textile chemicals in these applications is likely to push the market due to growth in requirement for coating the fabrics, dyeing, and necessity for pre-treatment of textiles. These applications have the latent to produce high revenues on account of anticipated upsurge in acceptance of biodegradable textile chemicals.
Yet, the COVID-19 has a enormous impact on the apparel business worldwide owed to the lock down in numerous nations. Besides, the decelerating manufacturing operations on account of the economic slowdown and lockdowns because of coronavirus pandemic is predictable to have a undesirable impact on the development of the market, however, it is prospective to recuperate by the end of 2020.
The textile auxiliaries market in Asia Pacific observed substantial growth on account of upsurge in the requirement for textile auxiliaries from economies such as India and China. This great consumption of textile auxiliaries in India and China can be credited to influences including snowballing production of denim, apparel, personal wear, and home furnishings in the textile sectors in these nations. In 2019, Asia Pacific gathered substantial stake of the global textile auxiliaries market and it is likely to stay the most speedily progressing regional market in the overall textile auxiliaries market during the prediction period.
Apparel is one of the essential needs of a human being and is correspondingly one of the rapidly budding commerce across the globe. Clothing and Textiles are crucial exports, especially for low- to middle-income nations. Bangladesh has the maximum total dependency on clothing and textiles as a total share of merchandize exports, shadowed by Pakistan and Sri Lanka. The leading textile apparel exporters are India, China, Bangladesh, Indonesia, Turkey, and Vietnam, amounting for above 70% of the entire global textile apparel exports.
- The textile auxiliaries market in Asia Pacific, mainly in Bangladesh, Vietnam, and ASEAN is expected to perceive momentous growth throughout the forecast period on account of snowballing number of textile-producing corporations in the region.
- Dyeing & printing agents segment seized major market revenue share in 2019. Dyeing auxiliaries are chemical fashioned products that are frequently employed in dyeing and printing processes.
- Growing need for textiles and apparels is predictable to push the request for textile chemicals in these applications.
Key Players of the global textile auxiliaries market are:
- Huntsman International LLC
- Dow Chemicals
- Evonik Industries AG
- ZSCHIMMER & SCHWARZ
- Fibro Chem LLC
- Fineotex Group,
- Camex Ltd
Segments Covered in the Report:
- Dyeing & Printing Agents
- Pretreatment Agents
- Finishing Agents
- Spin Finish, Knitting & Weaving
- Technical Textiles
- Home Furnishings
- Industrial Textiles
- North America (United States, Canada)
- Europe (Germany, France, UK, Italy, Russia, and Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia, Korea, and Rest of Asia Pacific)
- Latin America (Brazil and the Rest of Latin America)
- The Middle East and Africa (GCC, North Africa, South Africa, and Rest of the Middle East & Africa)
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Carolina is an author who specializes in covering healthcare, chemical, and the automotive industry. Before joining Market Stats News, Carolina covered some of the biggest companies in Silicon Valley for the San Jose Mercury News. She loves all things French and the written word. Articles by Carolina