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Asia Textile Chemicals Market Revenue to Decline During Coronavirus Disruption, Stakeholders to Realign Their Growth Str

The Asia textile chemicals market is anticipated to reach a valuation of US$ 11.6 Bn by the end of 2020. Over the years, growing environmental and water resources concerns have pushed textile manufactures to seek out alternative and sustainable dyeing practices. The textile industry has especially been heavily criticized for polluting the environment by discharging hazardous wastes. Additionally, Greenpeace concluded that most adult and children's clothing contains dangerous chemicals such as lead, formaldehyde, perfluorinated and polyfluorinated chemicals (PFC) and phthalates which have an adverse impact on the human body.<br><br>

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Asia Textile Chemicals Market Revenue to Decline During Coronavirus Disruption, Stakeholders to Realign Their Growth Str

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  1. Asia Textile Chemicals Market Revenue to Decline During Coronavirus Disruption, Stakeholders to Realign Their Growth Strategies June 2020 Report Id : REP-AS-434 Published on : 08-May-2015 Category : Chemicals and Materials www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved

  2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Research Capabilities Sector Coverage             Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Syndicated Research Investment Research Social Media Research Subscription Information For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

  3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection      Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research # Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

  4. Asia Textile Chemicals Market Analysis Key market players are emphasizing on channelizing efforts towards ensuring sustainability across the value chain. Growing consciousness about minimizing water and energy consumption has driven usage of eco-friendly chemicals in the textile processing industry. The Asia textile chemicals market is anticipated to reach a valuation of US$ 11.6 Bn by the end of 2020. Over the years, growing environmental and water resources concerns have pushed textile manufactures to seek out alternative and sustainable dyeing practices. The textile industry has especially been heavily criticized for polluting the environment by discharging hazardous wastes. Additionally, Greenpeace concluded that most adult and children's clothing contains dangerous chemicals such as lead, formaldehyde, perfluorinated and polyfluorinated chemicals (PFC) and phthalates which have an adverse impact on the human body. In the wake of such trends, leading textile companies are weaning away from such harmful chemicals and opting for safer and more durable approaches towards cloth manufacturing. Government agencies have played a pivotal role in ensuring that large textile corporations adhere to legal safeguards implemented to minimize adverse environmental impacts. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

  5. Asia Textile Chemicals Market Analysis strict controls over supply chains have been imposed, with many companies working in close proximity with their manufacturing units. This allows them to regulate the nature of the chemicals being utilized in the production process. "Research is underway to develop microbes capable of producing high-performance renewable dyes to address the needs of the mainstream textile industry. Using synthetic biology, it is possible to culture microbes from agricultural by-products, such as molasses, to develop colorants required in textile dyeing. This is poised to not only mitigate environmental degradation, but would also prove very inexpensive as a raw material," infers a prominent FMI analyst. Request report sample consisting of 116 pages to gain in-depth market insights at https://www.futuremarketinsights.com/reports/sample/rep-as-434 Asia Textile Chemicals Market- Key Takeaways • Textile auxiliaries acquires an edge over textile colorants, due to growing emphasis on higher quality chemicals which are compliant with existing regulations. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

  6. Asia Textile Chemicals Market Analysis • China emerged as the kingpin of the Asian textile chemicals market, accounting for three- fifths of the market share. Strong presence of manufacturing industries has attracted key market players, generating significant revenue. India has emerged as the second-largest textile chemical consumer, attributed to a burgeoning textile industry due to availability of cheap labor. The Asian textile chemicals market expanded at a CAGR of 7.6% between 2014 and 2020, demonstrating a steady growth trajectory. Finishing process recorded the fastest growth amongst all processes. Growth in demand for textiles and apparels for specific functional finishes is the principal growth driver. • • • Asia Textile Chemicals Market- Prominent Drivers • Development of innovative and differentiated product offerings to secure a foot hold in the wake of the fragmented nature of the industry is driving the adoption of sustainable textile chemicals by manufacturers. • Emerging markets such as Indonesia, Cambodia, Bangladesh and Vietnam are encouraging vendors to initiate their businesses across these regions. Availability of inexpensive labor has provided manufacturers with an opportunity to lower their production costs, maximizing revenue prospects. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

  7. Asia Textile Chemicals Market Analysis Asia Textile Chemicals Market- Key Constraints Conventional textile chemicals are anticipated to be relegated to the backseat, owing to their highly hazardous nature, hindering market prospects due to stringent government regulations. Anticipated Impact of the Coronavirus Outbreak The textile chemicals industry has experienced a significant slump due to the coronavirus pandemic. This decline is attributed to a nosediving demand for textile products in domestic as well as international markets. Amongst all Asian countries, China has recorded the maximum bust, given the fact that it is the epicenter of the pandemic. The imposition of nationwide lockdowns to contain the virus's spread, major textile industries have ceased their operations. Additionally, countries such as India and Bangladesh have also taken a major hit, as the entire apparel and textile industry in these countries are highly labor intensive. Mandatory social distancing measures have forced these laborers to remain indoors, affecting productivity by reducing output. According to the International Textile Manufacturers' Federation (ITMF), an 8% decline in apparel orders were recorded in the past two months due to supply shortages. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

  8. Asia Textile Chemicals Market Analysis The apparel industry has been the most severely affected, with stores remaining shut and buyers postponing or cancelling orders due to piling inventories. As a consequence, garment production has fallen, which has generated sluggishness in the textile chemicals market. The industry is not expected to rebound anytime soon in India, despite it lifting curbs on the lockdown. This is primarily because majority of garment workers are from different states and a majority of them have returned to their hometowns and are unlikely to return to the factories even after production resumes. Hence, the Asian textile chemicals market is looking at a long-term stagnation, requiring a minimum period of 4 to 6 months for business recovery. Explore the Asian textile chemicals report with illustrative figures, data tables and the table of contents. You can also find detailed market segmentation on https://www.futuremarketinsights.com/askus/rep-as-434 Competition Landscape The global textile chemicals market is fragmented, with a host of market players engaged in offering textile chemical formulations from a variety of substances. In the Asian market, the prominent vendors are DyStar group, Archroma and Huntsman Corporation. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

  9. Asia Textile Chemicals Market Analysis These vendors are concentrating on development of textiles with smart functions, incorporating usage of nanotechnology, biotechnology, specialty coatings, ink-jet printing technologies and use of high-performance protective material. The players are also offering differentiated product offering in order to acquire a competitive edge in the market. For instance, Archroma is involved in the production of aniline free indigo to be used in denim clothes production. The dye, christened as Denisol Pure Indigo reduces risk of exposure to aniline while using it to coat denim products. Additionally, the product is in line with the global outlook towards maintaining sustainability. More Insights on the Asia Textile Chemicals Market FMI's research report on the Asia textile chemicals market provides an unbiased analysis of the key drivers, opportunities and restraints impacting growth for the period 2014-2020. The analysis has been undertaken by virtue of a detailed market segmentation, based on product type, application and processes. By product type, the market is divided into textile auxiliaries and textile colorants. Based on application, the market is segmented into apparels, home furnishings and others. In terms of processes, the analysis involves pre- treatment, dyeing, finishing and others. All the above mentioned segments have been profiled across six regions: China, India, Bangladesh, Indonesia, Vietnam and Rest of Asia. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 9 © 2019 Future Market Insights, All Rights Reserved

  10. Asia Textile Chemicals Market Analysis Explore FMI's Extensive Coverage on the Chemicals & Materials Landscape • Mining Lubricants Market • Polypropylene Market • Chitosan Market About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 10 © 2019 Future Market Insights, All Rights Reserved

  11. Asia Textile Chemicals Market Analysis Contact Us: Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Market Report: https://www.futuremarketinsights.com/reports/asia-textile-chemicals- market Press Release Source: https://www.futuremarketinsights.com/press-release/asia-textile- chemicals-market SOURCE: Future Market Insights Click here to Order a free sample For more insights on the Asia Textile Chemicals Market, you can request a report sample with full TOC www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 11 © 2019 Future Market Insights, All Rights Reserved

  12. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 12 © 2019 Future Market Insights, All Rights Reserved

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