Asia Textile Chemicals Market Size, Share, Demand & Trends by 2033

-

 According to Future Market Insights, an ESOMAR-certified consulting firm, the global Asia Textile Chemicals Market will grow at a 6% CAGR between 2023 and 2033.

However, growing global demand for PPE kits and masks improved the supply-chain of textile chemicals in China, India, and Japan.

The apparel industry’s increasing demand for non-toxic chemicals is driving up global textile chemical sales. To meet the demand in the textile and apparel industries, key players are investing heavily in research and development for the development of eco-friendly non-toxic chemicals.

The development of chemicals that reduce water consumption in textile production and processing will boost textile chemical demand in China, India, and Vietnam, boosting growth.

Download Sample Copy of Report @ https://www.futuremarketinsights.com/reports/sample/rep-as-434

FMI forecasts, South Korea and Japan, collectively, accounted for around 12% global market share backed by the burgeoning demand within apparel industry in 2021.

According to the FMI’s analysis, the global Textile chemicals market reached a valuation of US$ 13,360 Mn in 2022.

Key Takeaways from FMI’s Textile chemicals Market Study

  • By application type, apparel segment will lead the global textile chemicals market over the forecast period.
  • In terms of product type, textile auxiliaries will retain its dominance, witnessing high single digit growth during the forecast period
  • Finishing process will be the most preferred process among textile chemicals manufacturers, registering a growth of 10.6% CAGR
  • Japan will emerge as the leading market across North America backed by the high demand within the textile & apparel industry
  • India will emerge as the most lucrative market registering fastest growth in terms of value over the forecast period
  • China is anticipated to lead the East Asia’s Textile chemicals market, exhibiting the growth at 10.6% CAGR

Increasing sustainability approach for reduced water consumption and adoption of non-toxic chemicals are fuelling the demand from apparel industry. This has in turn strengthened growth opportunities for the market players, says the FMI analyst.

Competitive Landscape

Huntsman Corporation, Archroma Management LLC, Evonik, Kemira, Solvay, Lonsen, CHT Group and DyStar Group among others are some of the key players profiled in the textile chemicals market.

As per the FMI’s analysis, the market is dominated with top 5 players operating in Textile chemicals market, accounting for around 20-25% of market share.

Key players are adopting sustainable approaches to strengthen their position in the industry while adhering to the stringent regulations for textile chemicals laid down by government.

Long-term agreements with apparel industry stakeholders and targeted mergers & collaboration to improve the revenue generation will be one of the key strategy adopted by industry players.

For instance, Department of Textile Engineering, University of Engineering and Technology (UET), in May 2021, announced the launch of the textile sustainability working group to conduct training and seminars, mill assessment related to energy conservation and sustainability research & development projects.

In July 2019, Achitex Minerva announced the acquisition of the corporate assets of Minerva Color Columbiana for the expansion of the market structure of Achitex Minerva Colombia LTD, in Bogota

More Insights on the Global Textile Chemicals Market

In its latest report, FMI provides an incisive coverage on the global Textile chemicals market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (textile auxiliaries and textile colorants), application type (apparels, home furnishings, and others), and process type (pre-treatment, dyeing, finishing, and others)

Table of Content

1. Executive Summary

    1.1. Asia Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

To be continued…!

Browse Full Report @ https://www.futuremarketinsights.com/reports/asia-textile-chemicals-market

Comments

Post a Comment

Popular posts from this blog

Cetrimonium Bromide Market Size, Share, Demand, Growth & Trends by 2033

-
  Cetrimonium Bromide (CTAB) is a versatile quaternary ammonium compound commonly used in hair care products and cosmetics. As a cationic surfactant, it reduces surface tension and functions as a conditioning agent, providing antistatic and detangling properties to hair. Beyond its cosmetic applications, CTAB finds use in pharmaceutical formulations as an antiseptic agent, exhibiting strong antimicrobial activity. It is also employed in industrial processes and research laboratories, making it a multi-functional ingredient with broad-reaching applications. The report is intended to present an unbiased analysis. It therefore offers incisive coverage on key market dynamics, including drivers, restraints, opportunities, and challenges. It also offers detailed information on Cetrimonium Bromide market structure. FMI’s in-house team for chemicals & materials sector gives valuable insights, validated with latest data. The report also gives access to extensive database that tracks exist
Read more

Calcium Ammonium Nitrate Market Size, Share, Growth, Demand & Trends by 2032

-
  Calcium Ammonium Nitrate (CAN) is a nitrogen-based fertilizer with a balanced nutrient composition, containing both ammonium and nitrate forms of nitrogen. It's highly soluble and provides essential nutrients to plants for optimal growth. CAN is widely used in agriculture for its convenience in application and its positive impact on crop yield and quality. As per the recent research conducted by a leading market insights provider FMI, the global Calcium Ammonium Nitrate market will expand at a healthy CAGR over the forecast period between 2023 and 2032. The aim of this study is to analyze key market dynamics affecting the sales of Calcium Ammonium Nitrate and provide vital insights to business owners to get benefited from forthcoming opportunities. The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides r
Read more

Lithium Mining Market Size, Share, Demand, Revenue & Growth by 2032

-
  The global  lithium mining market  is anticipated to accrue a value of US$ 3.4 billion in 2032, as opposed to a valuation of US$ 1.66 billion in 2022. The target market is set to expand at a healthy CAGR of 7.43% from 2022 to 2032. Factors like the escalating adoption of lithium in glass and ceramic manufacturing and the emergence of electronic vehicles that augment the demand for lithium-ion batteries facilitate the growth of the lithium mining market. The ongoing technological innovations and widespread lithium use in air treatment also drive the expansion of the lithium mining market size during the forecast period. The shift witnessed in the design and advancement of battery technology along with concerns regarding the decline in fossil fuels will likely stimulate market growth for lithium mining. The fall in the availability of fossil fuels, rising carbon emissions, and emphasis on alternative sources of power encourage greater lithium mining. As it is estimated that lithium m
Read more