Pune, Maharashtra -- (SBWIRE) -- 12/10/2019 -- Textile Chemicals Market 2019

Description: -

Textile chemicals can be defined as an integrated part of the fabric processing that can add various qualities to textiles like antimicrobial properties, sweat absorbency, stain resistance, desired texture, wrinkle resistance, and finish to the fabrics. The global market for the textile chemical can get an opportunity to ride on prospects that would also help several sectors in their growth. This market for textile chemicals depends on raw materials like peroxide, acetic acid oxalic acid, sulfuric acid, Polytetrafluoroethylene (PTFE), Polyvinyl Chloride (PVC), and polychloroprene (neoprene). The industry is benefiting from several global players taking initiatives to solidify their own stand and improve the market growth potential.

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Major Key Players

Some of the leading industry participants actively operating in the present industry scenario include Archroma, The DyStar Group, The Lubrizol Corporation, Lonsen Inc., The Dow Chemical Company, Kiri Industries Limited, Solvay SA, OMNOVA Solutions Inc., Covestro AG and Pulcra Chemicals GmbH.

The evolving fashion trends, rise in disposable income, and expanding urban areas are major traction providers to the textile industry and, resultantly, to the textile chemical market as well. The textile manufacturers are ready to capitalize on these features and their efforts would contribute to the holistic growth of the segment.
But there are some restraining factors as well in the form of environmental norms. These chemicals can have an adverse impact on nature, which can raise the eyebrows of several governments and they can create blockades for market growth. This has triggered a growth in the intake of green chemicals that are resourced from plants or animals. The products are cost-effective and growing competition is further reducing the cost of the end product. However, the dwindling price rate of the raw material can influence the price chart and hold back the growth rate. But companies, with an intent to maintain their profit structure, would take strategic initiatives to inspire better growth structure.

Segmentation:

The global market for textile chemicals can be segmented on the grounds of type and application. These two segments have considerable inputs regarding how the market should be operated and maintained in the coming days. This will benefit market players in deciding how the market should be controlled in the coming days.
By type, the global market for textile chemicals can be segmented into Colorants, Surfactants, Finishing Agents, Desizing Agents, Bleaching Agents, and Others.
By application, the market study of the textile chemicals can be segmented into Automotive Fabric, Apparel, Technical Textiles, Home Furnishing, and Others.

Regional Analysis:

The Asia Pacific market would launch a notable amount of traction to the global market for textile chemicals. This is mainly to support the regional textile industry who is generating much revenue from both export and local production. Countries like India, Bangladesh, Cambodia, and others can contribute significantly to the growth of the regional market. North America has a vast textile industry that is getting amply supported by the fashion capital New York and Europe has three capitals like London, Paris, and Milan owing to which the growth would be substantial for textile chemicals.

Industry News:

In November 2019, the ZDHC Group (zero discharge of hazardous chemicals) has decided to draft new documents that would focus on the emission of chemicals used in the textile industry. This would spur the development of new products and increase the inclination towards bio-friendly materials.

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Table of Contents – Major Key Points

1. Overview and Scope
2. Executive Summary
3. Textile Chemicals Market Insights
4. Textile Chemicals Market Size and Forecast by Product Type
5. Textile Chemicals Market Size and Forecast by Application Type
6. Textile Chemicals Market Size and Forecast by Regions
7. Company Profiles

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