Global Technical Textile Chemicals Market
Global Technical Textile Chemicals Market Size, Trends & Growth Opportunity, By Type (Desizing Agents, Finishing Agents, Colorants and Auxiliaries, Coating and Sizing Chemicals, and others), By Application (Industrial Textile, Automotive textile, Home Furnishing, Apparel, and Others), By Region and Forecast till 2027
Global Technical Textile Chemicals Market
Technical Textile chemicals consists Desizing Agents, Finishing Agents, Colorants and Auxiliaries, Coating and Sizing Chemicals, and others. These are commonly used in the different stages of textile manufacturing such as pretreatment processes, dyeing, weaving, sizing, and finishing. The textile industry is a chemical dependent industry. The applications of textile chemicals include apparels, industrial chemicals, and home furnishings.
Market Drivers
The rise in demand for technical textiles particularly from the automotive industry is anticipated to boost the global technical textile chemicals market growth over the forecast period. Product development is a one of the prominent factors which expected to fuel the market growth. Also, the growing construction spending particularly in emerging regions such as Asia Pacific will positively influence the market growth. Emerging economies are growing at a faster rate leading to greater use of geotextiles in the construction of national highways. Moreover, the growing industrialization across the Asia Pacific & Latin America is anticipated to have a direct impact on the growing technical textile chemicals market in near future. The development of apparel industry will support the global technical textile chemicals market growth.
Market Restraints
Stringent environmental regulations regarding disposal of textile effluents may hamper the global technical textile chemicals market growth during this forecast timeline.
Market Segmentation
The Global Technical Textile Chemicals Market is segmented into type such as Desizing Agents, Finishing Agents, Colorants and Auxiliaries, Coating and Sizing Chemicals, and others. Further, market is segmented into application such as Industrial Textile, Automotive textile, Home Furnishing, Apparel, and Others.
Also, Global Technical Textile Chemicals Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
The market participants operating in the Global Technical Textile Chemicals Market are identified across the value chain include Evonik Industries , Dow, Croda International, Covestro AG, CHT Group, Chemipol, Bozzetto Group, Arkema Group, Archroma, Achitex Minerva SpA, etc.
Market Taxonomy
By Type
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