Market Research Global Textile Chemicals Market Analysis 2018

The global textile chemicals market is expected to witness a CAGR of 3.82% during the forecast period.
Textile chemicals include a vast line of products ranging from highly specialized chemicals, such as
flame-retardants, pH regulators to relatively simple commodity chemicals, like bleaches. They are an
integral part of various commercial and industrial sectors, where any sort of fabric is used in operation.
Increasing Growth in Apparels Market in Developing Countries
Apparel is one of the oldest and largest export industries in the world. It is also one of the fastest
growing global industries due to the reason, most of the developing nations manufactures for the
international textile and apparel market. Apparel production is a springboard for national development.
China, India, Bangladesh, Turkey, Vietnam etc., are some of the major targeting areas for apparels. China
has always been the largest consumer, as well as supplier for textile chemicals. It is expected to remain
the single-largest and fastest-growing market for coming ten years, at least. Indian industries have
witnessed significant growth owing to government concessions to small-sized establishments and
adoption of better technologies. The connection between manufacturers and end-users created by
traders from Hong Kong, South Korea and Taiwan is a unique trait of global textile and apparel sector.
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Home Furnishing Segment to Dominate the Market
Increasing construction market across the globe primarily in countries, such as China, and India is
boosting the demand for home furnishing applications. Bed sheets, towels, upholstery, curtains, rugs,
carpets, table linen, window treatments etc. Shifting trend towards soft furnishings in homes is likely to
further boost the fabric softeners in the home furnishing applications during the forecast period.
Asia-Pacific to Dominate the Textile Chemicals Market
In terms of consumption in 2017, Asia-Pacific accounts for more than 45% of the market followed by
North America and Europe. The extensive demand for textiles in countries, such as India and China, from
the apparels and the home furnishing sectors have made Asia-Pacific an area of immense potential and
opportunities. However, the increasing labor costs in this region have considerably hindered the growth
of this market. Additionally, Asia-Pacific is a largest exporter of textile chemicals to Europe.
Key Developments in the Market
October 2017: Huntsman launched PHOBOTEX RSY, a water repellent, which can be employed in
synthetic fibers
May 2017: DyStar opened new laborotroty in Tamilnadu, India, which isnlikely to help in increasing the
exports
Major Players: Archoma, Buckman Labs. Inc., Dow Chemical Company, Covestro, Huntsman Corp. and
Lubrizol Corp., amongst others.
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textile-chemicals-market-segmented-by-type-application-and-geography-growth-trends-and-forecast-
2018-2023