Title: Textile Chemicals Market - Forecast(2021 - 2026)
1Textile Chemicals Market - Forecast(2021 - 2026)
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- Textile Chemical Market size is forecast to reach
US27.5 billion by 2026, after growing at a CAGR
5.5 during 2021-2026. - Globally, the rising growth of e-commerce
platforms has raised the demand for apparel from
the fashion sector, which has raised the
opportunities for the growth of the textile
chemicals industry. - Nationwide lockdown in key textile centers led to
a huge impact on the demand for textile
chemicals. The textile sector in many developing
countries suffered significantly losses as a
result of the COVID-19 pandemic, which cut down
the demand for textile chemicals and hampered the
market growth until the first quarter of 2021.
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- Key Takeaways from this Report
- Asia-Pacific region dominated the textile market
owing to the increasing government investments to
assist the textile industry in emerging economies
such as China, India, Japan, and Malaysia. - In the textile chemicals market, sustainability
has emerged as a prominent trend. Thus, the
increasing adoption of sustainable textile
chemical manufacturing is anticipated to drive
market growth.
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By Distribution Channel- Segment
Analysis Fashion and Clothing held the largest
share with 28 in the textile market in 2020 and
is anticipated to grow at a CAGR of 4.3 during
the forecast period 2021-2026. Rising usage of
textile chemicals in apparel, ties clothing
accessories, handbags, and others, is driving the
growth of the market. The apparel industry is a
fast-paced industry that is influenced by
shifting consumer preferences. Apparel producers
are more focused on maintaining product quality
and using the latest manufacturing techniques and
raw materials in order to survive in a highly
competitive environment. As a result, textile
chemicals are widely used in the apparel
industry.
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- Textile Chemicals Market Industry Outlook
-
- Archroma
- Huntsman Corporation
- DIC Corporation
- Kiri Industries Ltd.
- Covestro AG
- Omnova Solutions Inc.
- Lubrizol Corporation
- Solvay S.A.
- Evonik Industries
- Tanatext Chemicals
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Textile Chemicals Market - Forecast(2021 -
2026) Learn More About
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/11686/textile-chemicals-market.html
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- You Can Customize the Report as Per Your Need.
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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