Textile Chemicals Market Projected to Reach $31.64 billion by 2023

1. MarketsandMarkets Presents Textile Chemicals Market Projected to Reach $31.64 billion by 2023 https://www.marketsandmarkets.com/Market-Reports/textile-chemical-market-12380328.html

2. The report "Textile Chemicals Market by Fiber (Natural, Synthetic), Product Type (Coating & Sizing, Colorants & Auxiliaries, Finishing Agents, Desizing Agents, Surfactants), Application (Apparel, Home Textile, Technical Textile), and Region - Global Forecast to 2023" The global textile chemicals market size is estimated at USD 26.00 billion in 2018 and is projected to reach USD 31.64 billion by 2023, at a CAGR of 4.0% between 2018 and 2023. • Browse 60 market data Tables and 45 Figures spread through 136 Pages and in-depth TOC on "Textile Chemicals Market - Global Forecast to 2023“ • Request FREE PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=12380328 • The objectives of the study are: • To analyze and forecast the global textile chemicals market, in terms of value • To provide detailed information about the key growth factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market • To analyze and forecast the size of the market on the basis of fiber type, product type, and application • To estimate and forecast the market size on the basis of five regions, namely, Europe, APAC, North America, the Middle East & Africa, and South America • To estimate and forecast the textile chemicals market at the country-level in each of the regions • To analyze the market opportunities and present a competitive landscape of the market • To analyze competitive developments, such as new product developments, expansions, mergers & acquisitions, and joint ventures, in the textile chemicals market • To strategically identify and profile key market players and analyze their core competencies • In this report, 2015 is considered as the base year and the forecast period is from 2016 to 2021. https://www.marketsandmarkets.com/Market-Reports/textile-chemical-market-12380328.html

3. Scope of the Report: • This research report categorizes the global textile chemicals market based on fiber type, product type, application, and region. It forecasts revenue growth and provides an analysis of trends in each of the submarkets. • Textile Chemicals Market, Based on Fiber Type: • Natural Fiber • Synthetic Fiber • Each type is further described in detail in the report with value forecasts until 2023. • Textile Chemicals Market, Based on Application: • Apparel • Home Textile • Technical Textile • Others • Textile Chemicals Market, Based on Region: • Asia-Pacific • North America • Europe • Middle East & Africa • South America https://www.marketsandmarkets.com/Market-Reports/textile-chemical-market-12380328.html

4. Industry Insights: The global textile chemicals market size is estimated at USD 26.00 billion in 2018 and is projected to reach USD 31.64 billion by 2023, at a CAGR of 4.0% between 2018 and 2023. The market is witnessing growth due to the increasing demand for apparel, technical textile, and home textile. Based on fiber type, the textile chemicals market is segmented into natural and synthetic fiber. The synthetic fiber segment is estimated to lead the market in 2018 owing to its low production cost and better performance as compared to natural fiber. The market in this segment is also projected to witness the highest CAGR during the forecast period owing to increasing demand for polyester and viscose. Request FREE Sample Pages: https://www.marketsandmarkets.com/requestsample.asp?id=12380328 Based on product type, the textile chemicals market is segmented into coating & sizing, colorants & auxiliaries, finishing agent, desizing agents, surfactants, bleaching agents, and others. The coating & sizing agents segment is estimated to be the largest segment in the overall textile chemicals market in 2018 and is expected to maintain this position during the forecast period. This dominance is due to the increasing demand for these agents in the pre-treatment stage of the textile processing chain. These agents are widely consumed as they increase strength and abrasion resistance of yarns. Based on application, the textile chemicals market is segmented into apparel, home textile, technical textile, and others. Apparel is projected to be the largest application segment during the forecast period. Increasing disposable income and growing population has led to a boost in the consumption of apparel, especially sportswear and casualwear. This, in turn, has increased the demand for textile chemicals in the apparel segment. https://www.marketsandmarkets.com/Market-Reports/textile-chemical-market-12380328.html

5. Industry Leaders: The global textile chemicals market is witnessing moderate growth. Factors restraining and challenging the growth of the textile chemicals market are stringent environmental regulations regarding the disposal of textile effluents and the cyclic nature of the textile industry. Archroma (Switzerland), Huntsman (US), Tanatex Chemicals (Netherlands), DowDuPont (US), and DyStar Group (Singapore) lead the global textile chemicals market. These players are the major manufacturers of textile chemicals and are gaining a strong foothold in the market due to their robust business strategies. For more Info Visit Our Blog @ https://chemicalsresearchmarket.wordpress.com/Blog Geographical Scenario: Based on region, APAC is estimated to be the largest market for textile chemicals during the forecast period. Availability of cheap labor, favorable government policies, strong textile manufacturing base, and rapid industrialization are expected to boost the demand for textile chemicals in the region during the forecast period. The growth of the market in APAC can be attributed to the shift of the manufacturing facilities of textile to APAC countries, such as China, India, Bangladesh, Vietnam, and Indonesia. Apart from this, increasing urbanization, large consumer base, and increasing disposable incomes are expected to drive the market in the region. https://www.marketsandmarkets.com/Market-Reports/textile-chemical-market-12380328.html

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