Global textile chemicals market to grow at over 3%

Textile chemicals market is strongly dependent on textile manufacturing and processing

GMT 12:19 2015 Tuesday ,23 June

Sriyadithatextile - Textile chemicals market is strongly dependent on textile manufacturing and processing

Textile Chemicals
Courtesy Google

Increasing per capita textile consumption coupled with growing textile production in developing countries are expected to drive global textile chemicals market through 2020, global market research and consulting company TechSci Research has said in a report.

According to the report titled, "Global Textile Chemicals Market Forecast & Opportunities, 2020", global textile chemicals market is projected to grow at a CAGR of over 3 per cent during 2015-20. Growth in the market is anticipated on account of increasing per capita textile consumption coupled with rising demand for high quality textile products.

Moreover, increasing industrialization, surging consumption of textile in engineered products, and rapidly rising awareness about the benefits of using technical textile in workplace, are anticipated to propel the global textile industry, thereby driving global textile chemicals market over the next five years.

Textile chemicals are used during the processing of textiles, and are broadly classified as auxiliaries and colorants. Auxiliaries are chemicals used during each and every step of textile manufacturing process to provide specific characteristics to the fabric, while colorants are used to impart color to the textile product. During manufacturing, a fibre undergoes various chemical intensive processes, in which more than 100 textile chemicals are used. Consequently, textile chemicals market is strongly dependent on textile manufacturing and processing activities taking place globally.

"Initially, textile manufacturing was largely concentrated in the Americas and Europe, however, over the last decade textile manufacturing base has shifted to Asia-Pacific. Currently, around 60 per cent of global textile manufacturing capacity is concentrated in Asia-Pacific, on account of which the region dominated global textile chemicals market in 2014. The report anticipates Asia-Pacific to maintain its dominance over the next five years, on account of growth in countries like India and Vietnam, wherein textile manufacturing is increasing due to easy availability of raw materials and cheap labor.", said Karan Chechi, Research Director, with TechSci Research.

Global Textile News

Seen rising 10 - 15%

2017-18 cotton production on higher acreage

google
Not withstanding crop damage due to floods in Gujarat, the largest cotton producing state, India’s cotton output in the forthcoming 2017-18 season starting October is…Read more

FESPA 2017 (German) press release

Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017

FESPA
Colorjet Launching Tech Loaded Digital Textile Printer TXF with Japanese Technology at FESPA Hamburg 2017   TXF printer offers speeds of up to 24 sq.…Read more

Vietnam National Textile and Garment Group

City to host textile industry expo

google
HCM CITY — The Vietnam Saigon Textile and Garment Industry/Fabric and Garment Accessories Expo (Saigon Tex 2017) that will showcase high-end machinery and equipment and…Read more

#CottonIs-Cool

Smriti Irani’s cotton campaign trends on Twitter

google
A year after the hashtag 'IWearHandloom' trended on Twitter, Union Textile minister Smriti irani is back at it. On Tuesday, she tweeted a selfie in a cotton…Read more

Self-Employed Women's Association

"Empowering Women" in the Garment Industry

google
When you walk into the SEWA (Self-Employed Women's Association) Ruaab production centre in Sunder Nagri, Northeast Delhi, you will see between 10-15 women sitting cross-legged on…Read more

Revenue and its forecasts

Global Textile Dyes market 2017

google
Textile Dyes Market analyzed the Industry region, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc. In the…Read more

 العرب اليوم -