Textile Finishing Chemicals Market: Overview
A product receives it desirable end-use qualities through application of textile finishing chemicals. These chemicals improve or facilitate change on the surface characteristics of the fiber, in accordance to the application that is desirable. These chemicals are used by textile materials, yarns and fibers in a bid to improvise upon its properties. Textile chemicals render résistance to specific environmental factors, attractiveness the durability to textile products. pH regulators, dye-protective agents, dispersing agents, surfactants, dyes, etc comprise many different textile finishing chemicals that are currently available in the market.
The market intelligence study titled “Textile Finishing Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” delves into the prospect of growth of the world market for Textile Finishing Chemicals. It also assesses the sequential growth of the said market over the forecast timeframe that extends from the year 2017 to 2025. The said report also includes various non-pervasive and pervasive inclinations have also been mentioned in the said report. A thorough overview of the market with the analysis of Porter’s five forces has been offered so to present a clear and concise vendor landscape of the market to the reader. The study also points at acquisitions, corroborations, important conglomerates, mergers and numerous research and development activities. The companies that have been profiled in the report come with thorough examination based on their marketing strategies, prime products and market shares.
Textile Finishing Chemicals Market: Trends and Opportunities
On the basis of type of chemical, the world market for textile finishing chemicals can be categorized into textile finishes, textile colorants, and textile auxiliaries. Textile finishes are those chemicals that are used in rendering very certain properties to the material. Instances of textile finishes comprise UV stabilizers, binders, and antimicrobial agents. Textile colorants refer to those very chemicals that are assisting in the protection of colors in textiles thereby making them more attractive. Instances of such textile colorants UV absorbers, dye-protective agents, pH regulators, comprise dyes, and fixing agents. Textile auxiliaries refer to those chemicals that encompass a very wide range of functions. These textile auxiliaries chemicals assist in self-cleaning of textile. It also helps in improving and smoothing its properties of easy care. Instances of textile auxiliaries comprise dispersing agents, surfactants, wetting agents, and complexing agents.
On the basis of method of application, the international market for textile chemicals can be categorized into pad-dry cure application and exhaust application. The category of pad-dry cure application is the most extensively used method for the purpose of application of finishing chemicals to textiles. In the exhaust application method, chemicals with a strong affinity to fibers are applied over the textile by the exhaustion process. Chemicals with low affinity for fibers are applied by pad-dry cure application. This process involves padding with chemical solution, squeezing, drying, and curing for fixation. There exist two different categories of pad-dry cure application methods. One of those two methods comprise for wet fabric and the other one for dry fabric. In the application of pad-dry cure method for dry fabric, the said fabric is then passed through the solution of chemical finish. In the method of pad-dry cure application for the category of wet fabric, textile finishing chemicals are directly put on the fabric’s wet surface so as to avoid the cost of drying post dyeing.
Textile Finishing Chemicals Market: Geography
In terms of geography, the international market for textile finishing chemicals has been classified into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The region of Asia Pacific held a maximum share of the world market for textile finishing chemicals in the year 2016. Improved standard of living across Asia Pacific together with increased consumption of textiles for the purpose of many different applications is anticipated to bolster the regional market. The demand for textiles in India and China are soaring and that is foreseen to drive the regional market. Soaring demand for many products like sports apparel, footwear, and various other leisure and sports products in various developing countries, expanding base of human population, and fast urbanization are some of the prime factors that are foreseen to encourage the market over the period of forecast that expands from the year 2017 to 2025. The expanding manufacturing and industrial segments in the region of Asia Pacific are influencing the said market positively. Soaring penetration of textile finishing chemicals in protective clothing applications and transportation owing to the presence of countless manufacturing units in China and is expected to spearhead the market for textile finishing chemicals in China. Furthermore, owing to the expansion of industries such as healthcare, chemical, and automotive in countries like India, Malaysia and South Korea the said market is poised for growth in the region.
Apart form Asia Pacific, the region of North America also held significant share of the international market for textile finishing chemicals in the year 2016, followed by Europe.
Textile Finishing Chemicals Market: Company Profiling
BASF SE, Huntsman International LLC., Sumitomo Chemicals Co. Ltd., Dow Chemical Company, and Bayer AG are some of the prominent names that adorn the market.
For the purpose of this study, the market has been segmented as follows:
- Textile Finishing Chemicals Market, by Chemical Type
- Textile Auxiliaries
- Textile Colorants
- Textile Finishes
- Textile Finishing Chemicals Market, by Application Type
- Exhaust Application
- Pad-cry Cure Application
- Textile Finishing Chemicals Market, by Geography
- North America
- South America
- Asia Pacific
- Middle East and Africa
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.