DUBLIN--(BUSINESS WIRE)--The "Global Textile Chemicals Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global textile chemicals market is expected to witness a CAGR of 3.82% during the forecast period.
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.
Home Furnishing Segment to Dominate the Market
Increasing construction markets 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.
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.
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
- Abitec Corporation
- Achitex Minerva spa
- Air Products & Chemicals Inc.
- AkzoNobel N.V.
- Berkshire Hathawy (Lubrizol Corporation)
- Buckman Laboratories Inc.
- Chemipol (Kothari Group
- Dainichizeika Color & Chemicals Mfg. Co. Ltd.
- Dow Chemical Company
- Formosa Organic Chemical Industry Co. Ltd.
- Genesee Polymers Corporation
- Huntsman Corporation
- KC Chemical (M) Sdn. Bhd.
- Kiri Industries
- K-Tech (India) Ltd.
- L.N. Chemical Industries
- Omnova Solutions Inc.
- Ultra Additives Munzing
For more information about this report visit https://www.researchandmarkets.com/research/b53kt9/global_textile?w=4