Encapsulating Textile With Care Is The Fastest Growing Segment Fueling The Growth Of Textile Chemicals Market


The global Textile Chemicals Market is estimated to be valued at US$ 28.33 Bn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
Textile chemicals are essential ingredients and functional chemicals used in the textile industry during manufacturing process to impart desired properties and care to the fabrics. Regular use of textile chemicals helps keeps fabrics stain and odor free along with providing wash durability.

Market key trends:
One of the major trends in the textile chemicals market is growing demand for bio-based and sustainable chemicals. With increasing awareness towards environment protection, the demand for eco-friendly textile chemicals is growing. Major market players are focusing on R&D activities to develop bio-based textile chemicals from renewable resources like vegetables and plant extracts which helps reduce dependence on petroleum-based chemicals. This shift towards bio-sourced textile chemicals will drive the market growth during the forecast period.

Segment Analysis
The global textile chemicals market is segmented into colors, pretreatment agents, printing agents, finishing agents, surfactants, and others. The color segment accounts for the largest market share and is expected to remain dominant over the forecast period due to increasing demand for color-fast and durable fabrics. Pretreatment agents are expected to witness high growth owing to their increasing application to provide properties like starching, de-sizing, bleaching etc. prior to dyeing and printing.

Key Takeaways
The Global Textile Chemicals Market Size is expected to witness high growth, exhibiting CAGR of 3.7% over the forecast period, due to increasing demand for improved functionality and durability in textiles.

Regional analysis
The Asia Pacific region dominates the global textile chemicals market and is expected to continue its dominance over the forecast period. This is attributed to robust growth of the textile industry in countries like China, India and Bangladesh. Europe is another major market for textile chemicals owing to significant demand from countries like Germany, Italy and UK.

Key players
Key players operating in the textile chemicals market are The DyStar Group, Lonsen, The Lubrizol Corporation, The Dow Chemical Company, Kiri Industries, Huntsman Corporation, BASF SE, Archroma, Omnova Solutions Inc., Solvay SA, Bayer Material Science. The DyStar Group leads the global market for textile chemicals on account of its wide product portfolio and global footprint.

Read More: https://www.ukwebwire.com/textile-chemicals-market-size-share-and-growth-forecast-2023-2023/

Comments

Post a Comment

Popular posts from this blog

Contact Center Software Market Growth Accelerated by Enhanced Customer Experience

Image
  Contact center software comprises solutions that help organizations and businesses handle high volume of customer queries through multiple communication channels including phone calls, emails, social media, and web chat. Contact center software help businesses offer enhanced customer support and satisfaction by streamlining agent-customer interactions and providing real-time analytics and reporting. The Global Contact Center Software Market Size is estimated to be valued at US$ 44.7 billion in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for contact center software has been growing steeply owing to the necessity of businesses to offer omnichannel customer experiences. With contact center software, businesses can now efficiently handle customer queries received through multiple channels simultaneously. They ensure seamless transfer of inquir
Read more

Microscale 3D Printing Market Growth Accelerated by Advanced Manufacturing Techniques

Image
  Microscale 3D printing enables high throughput additive manufacturing of intricate 3D micro-structures and microfluidic devices using a variety of biomaterials. These printed microdevices find applications in areas like tissue engineering, drug discovery, biomedical research, and diagnostics. The Global Microscale 3D Printing Market Size is estimated to be valued at US$ 20.65 Bn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The adoption of advanced additive manufacturing techniques is accelerating the growth of microscale 3D printing market. Technologies like two-photon photopolymerization, stereolithography and Continuous Liquid Interface Production enable precise manufacturing of complex features at microscale with high resolution. These high resolution 3D printing methods allow fabrication of medical implants, microfluidic devices and tissue sca
Read more

The Global Seismic Survey Market Growth Accelerated by Increased Oil and Gas E&P Activities

Image
  Seismic surveys are extensively used in oil and gas exploration and production (E&P) activities to locate hydrocarbon deposits and explore potential drilling sites. Seismic surveys provide 3D images of subsurface rock layers, allowing companies to map oil and gas reservoirs and develop plans for exploration and production. The growing demand for energy and increasing oil prices in recent years have led to resurgence in oil and gas E&P projects globally. The Global Seismic Survey Market Size is estimated to be valued at US$ 25.19 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased oil and gas E&P activities have been a key growth driver for seismic survey market over the recent past. Seismic surveys are extensively used in greenfield and brownfield E&P projects to gain vital subsurface information before drilling. With ris
Read more