Textile Chemicals Market – Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Textile Chemicals Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Textile Chemicals market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Textile Chemicals Reports Highlights
What is the size of the Textile Chemicals Market?
The Global Textile Chemicals Market is expected to grow at a CAGR of around 4.1% during the forecast period, i.e., 2023-28. Most of the market growth is driven by the exponentially rising population and the consequent increase in the consumption of apparel & textiles worldwide. Besides, the globally flourishing fashion industry and the emergence of various trends, coupled with the improving disposable income of people, are also amplifying the sales of clothing and, in turn, stimulating the growth of the market..
What do the growth prospects and trends look like in the Textile Chemicals Industry?
Mounting Prevalence of Technical Textiles Worldwide – Technical textiles that exhibit enhanced elasticity, anti-dust & insulation properties, thermal & fire & mechanical resistance, as well as resistance to UV & IR provide unique characteristics, which widely differ from the normal fabric. They are used generally for non-aesthetic applications in packaging, medical & personal hygiene, automobiles, agriculture, industrial, and sports & leisure, among other industries, which are expanding at a significant rate globally. Hence, the massively growing demand for technical textiles worldwide is projected to act as a major growth driver for the Global Textile Chemicals Market during 2023-28.
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What Components are encompassed within Textile Chemicals Market segmentation?
The report has divided the market into the following segments:
By Fiber Type
-Coating & Sizing Chemicals
-Colorants & Auxiliaries
-Middle East & Africa
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Kiri Industries Ltd.
-OMNOVA Solutions Inc.
-German Chemicals Ltd.
-Organic Dyes and Pigments
-Resil Chemicals Pvt. Ltd.
-Huntsman International LLC
-The Lubrizol Corporation
-Omya United Chemicals
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