Textile Auxiliaries - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Textile Auxiliaries Market is accounted for $7,380.85 million in 2018 and is expected to reach $13,230.80 million by 2027 growing at a CAGR of 6.7% during the forecast period. Increasing applications of textile auxiliaries in the construction sector, increased government and per capita spending on healthcare, and growing focus on innovation and R&D are likely to boost the growth of the Textile Auxiliaries market. However, toxic waste production and stringent environmental regulations are likely to hamper the profit boundaries.
With textiles being increasingly adopted for a myriad of applications, from apparel to home furnishings and more, there has been a flurry of activity in the larger textile industry, and corresponding growth in the textile auxiliaries market as well. Apparel continues to be a major application in the textile auxiliaries market, owing to the booming clothing industry in both, developed and developing countries around the globe. The growth of the clothing industry in developing countries can be attributed to the rising disposable income of people in these regions, which is likely to have a significantly positive impact on the growth of the global textile auxiliaries market.
Based on product, the dyeing & printing agents segment is likely to have a huge demand due to their wide range of applications in the dyeing and printing operations. These auxiliaries provide the required support to fabrics in printing and dyeing operations to achieve the desired effects and textures. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the rapid growth of the textile manufacturing industry in India, supported by the government’s ‘Make in India’ campaign, is projected to fuel the market for textile auxiliaries in the country during the forecast period. The textile industry in Asia Pacific, particularly in China, India, Bangladesh, and Vietnam, is likely to witness significant growth in the next few years.
Some of the key players in the Textile Auxiliaries market are the ZSCHIMMER & SCHWARZ, The Lubrizol Corporation, Tata Chemicals Ltd, Solvay, OMNOVA Solutions Inc, Huntsman International LLC, Fineotex Group, Fibro Chem, LLC, Evonik Industries AG, Dow Chemicals, Croda International Plc, Covestro AG, Camex Ltd, and Archroma.
• Spin Finish
• Pretreatment Agents
• Odour Absorbers
• Knitting & Weaving
• Finishing Agents
• Dyeing & Printing Agents
• Corrosion Inhibitors
• Anti-Foaming Agents
• Other Products
• Technical Textiles
• Home Furnishings
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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