Textile Chemicals Market Growth, Trends Outlook and Forecasts To 2020

Textile Chemicals Market Analysis, Share and Size, Emerging Trends,
Overview and Outlook, Growth And Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report – Global Textile Chemicals Market 20162020
Technavio recognizes the following companies as the key players in the global textile chemicals market:
AkzoNobel, Arkema, Dow Chemical, and Huntsman.
Other Prominent Vendors in the market are: Kiri Industries, Lubrizol, Omnova Solutions, Pulcra
Chemicals, and Sumitomo Chemical.
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Commenting on the report, an analyst from Technavio’ s team said: “Emergence of new textiles with
smart functions will be a key trend for market growth. The textile chemical industry is developing new
textiles with smart features due to advances in technology. New products are being developed in
industrial and medical textiles, geo- and agro-textiles, and in wearable electronics. The apparel industry,
with its increased focus on branding, is differentiating products by using unique selling points such as
wrinkle resistance, stain resistance, and antimicrobial properties. The growing demand for leisure and
sportswear is promoting the use of antimicrobial finishes that prevent odor generated by bacteria and
sweat.”
According to the report, one of the key drivers for market growth will be growing global apparel market.
The global apparel market is growing at a faster pace in developing economies such as India, China, and
Brazil than in the developed nations. Increasing brand consciousness and fashion sense, and the rise in
disposable incomes in the developing nations are encouraging the growth of the global apparel market.
This is compelling garment and textile manufacturers to manufacture quality apparel.
Further, the report states that high economic uncertainty will be a challenge for the market. The growth
of the textile industry and textile chemical consumption is highly correlated with the global economic
scenario. A healthy economic growth will result in a rise in employment opportunities and an increase in
disposable incomes, and thus increased spending on goods and apparel. The increasing disposable
income in both developed and developing countries is a major factor boosting the demand for textile
chemicals. This factor has encouraged the production and consumption of textiles used in upholstery,
apparel, household furnishings, and floor coverings. However, an unstable global economic scenario will
result in reduced expenditure on apparel and accessories, thereby affecting the demand for textile
chemicals.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Textile Chemicals
Textile chemicals are widely used in processing fiber. Some of the major processes include bleaching,
dyeing, printing, conditioning, and finishing. They are also used as reducing agents, softening agents,
and in sequestration. These are also easy to use due to their fluid nature and as a result of which they
can be employed in a variety of reactive dye types.
Technavio’ s analysts forecast the global textile chemicals market to grow at a CAGR of 3.92% during the
period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global textile chemicals market
for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of
the prominent vendors operating in the market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Textile Chemicals Market 2016-2020, has been prepared based on an indepth market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]

According to the report, one of the key drivers for market growth will be growing global apparel market. The global apparel market is growing at a faster pace in developing economies such as India