Textile Auxiliaries Market Size, Share, Demand & Trends by 2032
The global textile auxiliaries market is
projected to reach a valuation of US$ 16,589.3 Mn in 2032, with sales growing
at a moderate CAGR of 5.2% from 2022 to 2032. Scaling up from a value of US$
9,491.1 Mn in 2021, the target market will likely reach an estimated US$
9,992.4 Mn in 2022. The expanding textile chemicals market is predicted to
bolster the growth of the textile auxiliaries market during the forecast
period.
Specialty chemicals that are applied in the different
steps in the fabrication of textiles and fabrics are categorized as textile
chemicals. These chemicals have the capacity to make fabric stronger, more
adaptable, and further improve its original characteristics. The constant
demand and growth of the textile chemicals industry is a prime growth driver of
the global textile auxiliaries market. In addition to this, the increasing
adoption of technical textiles in various industries is likely to promote the
growth of the textile auxiliaries market. Technical textiles provide strength,
resistance, and ensure protection from different pollutants and environmental
factors. These textiles are in high demand from the rising infrastructural
development and rapid urbanization. This is because technical textiles are more
durable and effective as compared to traditional textile materials. This
ultimately leads to the expansion of the target market.
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The expanding automotive sector, increasing
environmental awareness and rising application of technical textiles in
environmental protection initiatives like erosion protection, waste treatment/recycling,
and domestic water sewerage plants are some of the other factors that are
promoting the growth of the textile auxiliaries market during the forecast
period.
“Heightened
popularity as well as rising application of technical textiles in multiple
industry verticals is expected to drive the global growth of the textile
auxiliaries market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Stringent
environmental regulations will likely stunt market growth over the
forecast period.
- Asia
Pacific is offering multiple lucrative opportunities to the textile
auxiliaries market.
- Major
player of the market are keen on investing more into developing
eco-friendly, energy-efficient, and affordable chemicals.
- In
2022, the pre-treatment agents subsegment will account for 38.1% of the
global sales of textile auxiliaries market.
- The
dyestuff segment is predicted to register a 5.3% CAGR during the forecast
period.
Competitive Landscape
Huntsman Corporation, Solvay, Tata Chemicals, DyStar
Singapore Pte Ltd., The Dow Chemical Company, Akzo Nobel N.V., Evonik
Industries AG, Archroma Limited, Zschimmer and Schwarz GmbH & Co KG,
Rudolph GmbH, ChemDyes Sdn Bhd, Oleon, Fibro Chem LLC, Covestro AG, Camex Ltd.,
Fineotex Group, Croda International Plc, OMNOVA Solutions Inc., and Kemin
Industries among others are some of the major players in the textile
auxiliaries market profiled in the full version of the report.
Major market players are concentrating on increasing
investment in research and development activities to introduce innovative
products in the market. These players are keen on expanding their capacity and
entering new markets in emerging economies. Acquisition of other firms is
another strategy employed by these organizations to gain a stronghold in the
international market.
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Full Report: https://www.futuremarketinsights.com/reports/textile-auxiliaries-market
Textile Auxiliaries Market Segmentation
By Product Type:
- Pre-Treatment
Agents
- Dye-Stuffs
- Finishing
Agents
- Softening
Agents
- Anti-Foaming
Agents
- Odour
Absorbers
- Corrosion
Inhibitors
By End Use:
- Apparel
- Home
and Institutional
- Technical
Textiles
- Digital
Printing
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia & Pacific
- Middle
East & Africa
More Insights into Textile Auxiliaries
Market Report
In its latest report, FMI offers an unbiased analysis
of the global textile auxiliaries market, providing historical data from 2014
to 2021 and forecast statistics for 2022 to 2032. To understand the global
market potential, growth, and scope, the market is segmented on the basis of
product type (pre-treatment agents, dye-stuffs, finishing agents, softening
agents, anti-foaming against, odor absorbers, corrosion inhibitors), end user
(apparel, home and institutional, technical textiles, digital printing), and
region.
According to the latest FMI reports, based on
segmentation, the pre-treatment agents segment will continue to lead the market
growth. This category is expected to account for about 38.1% of the global
sales in 2022 while the dyestuff segment is predicted to record a CAGR of
5.3% during the forecast period of 2022-2032.
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