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"Global Textile auxiliaries Market was Valued at US$ 8.04 Bn in 2019 and it is Expected to Reach More than US$ 11.64 Bn by 2028, Likely to Grow with the CAGR of 4.2% During the Forecast Period."
Textile auxiliaries are specially formulated chemical products that offer technical support, from yarn making to fabric preparation.They are used during textile processing to increase the durability and aesthetic appeal of textile products. They also provide softness, uniformity, and excellent quality to a large number of textile products such as carpets, curtains, furniture, bedsheets, covers, and personal clothing. The ability of textile auxiliaries to improve the functional properties of textile products has increased their utilization in the textile industry.
Growth of the Global Fashion Industry is Expected to Boost the Demand for Textile Auxiliaries Across the World During the Forecast Period
A growing number of consumers are adopting fashion brands due to increasing penetration of fashion brands for casual wear across the globe. This will be driving the textile auxiliaries industry over the forecast period. Additionally, the growth of the clothing industry in developing countries can be attributed to the rising disposable income of people in these regions, these factors are attributed to have a positive impact on the growth of the global textile auxiliaries market.
Furthermore, the major textile auxiliaries companies across the world have set up their research and development facilities on developing chemicals that are eco-friendly and cost-effective. This will drive further market growth for textile auxiliaries during the forecast period.
However, toxic waste production and stringent environmental regulations may restrain the growth of the textile auxiliaries market. As the amount of hazardous waste that is created by the textile manufacturing process, which poses a significant risk to the environment. This has led to several regulatory bodies around the world imposing stringent environmental regulations to check these processes, which is likely to have a negative impact on the growth of the global textile auxiliaries market.
Dyeing & Printing Agents Expected to be Leading Product Segment in the Global Textile Auxiliaries Market
The dyeing & printing agents segment accounted for a major market share in 2019 and is likely to expand at a significant growth rate between 2019 and 2028. The dyeing auxiliaries are chemical formulated products that are largely applied in dyeing and printing operations for fabric production. The requirement for a broad range of textures and different types of color shades in fabrics in printing and dyeing operations to achieve the desired effects and textures has increased the demand. While the finishing agent segment followed the dyeing & printing agents segment in terms of market share, in 2019.
By End-use, the Apparel Segment is Expected to Witness Highest Growth in the Global Textile Auxiliaries Market Across the Globe
The apparel segment is anticipated to register a significantly high growth rate of 5.1% during the forecast period. The apparel segment accounted for a significant market value share of over 40% in 2019 and it is projected to expand even further during the forecast period. In terms of volume consumption, Apparel is extensively used by a large number of consumers across the globe. Major uses include activewear and personal clothing such as shirts, t-shirts, tops, trousers, blazers, daily wear, sportswear, and other garments. This is projected to boost the apparel segment of the global textile auxiliaries market during the forecast period.
Asia Pacific Region is Expected to Dominate the Textile Auxiliaries Market During the Forecast Period
The Asia Pacific constituted a major share of the global textile auxiliaries market in terms of value and volume, in 2019, and the same trend is projected to continue during the forecast period.
China and India are among the top five textile and apparel exporting nations in the world with China, being the largest exporter; China accounts for a share of 39% and India with a share of 5% in the overall textile export market globally. The fashion technology is making strides in most of the APAC countries such as Taiwan, Malaysia, Indonesia, and the Philippines. Additionally, the textile industry in the Asia Pacific, particularly in China, India, Bangladesh, and Vietnam, is likely to witness significant growth in the future. These factors would further drive the demand for the textile chemical market in the region over the coming years.
However, North America and Europe held significant shares in the global textile auxiliaries market in 2019. The markets in North America and Europe are projected to expand at a moderate rate during the forecast period. As the governments in this regions have imposed environment-related regulations on the usage of textile auxiliaries.
Some of the key players in the global Textile Auxiliaries M arket are Archroma,Dow Chemicals,ZSCHIMMER & SCHWARZ,Huntsman International LLC, Solvay,Fibro Chem LLC. The Lubrizol Corporation, Tata Chemicals Ltd,and OMNOVA Solutions Inc.
Other key vendors include Fineotex Group, Evonik Industries AG, Croda International Plc, Covestro AG, Camex Ltd and Kemin Industries
Textile Auxiliaries market Key segments:
Textile Auxiliaries Market, By Product Type
- Pretreatment Agents
- Dyeing & Printing Agents
- Finishing Agents
- Spin Finish, Knitting & Weaving, and Other Auxiliaries
Textile Auxiliaries market, By Application
- Home Furnishings
- Carpets & Rugs
- Others (Bed Linen, Curtains, etc.)
- Technical Textiles
- Others (Buildtech, Mobiltech, etc.)
- Industrial Textiles
Action Camera Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America