Textile Auxiliaries Market : Major Industrial Applications Boading Well For Market Growth

Textile Auxiliaries Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Textile Auxiliaries Market grew at a CAGR of 4.0 % between 2017-2021 and is estimated to be US$ 6,782.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.4% and is expected to reach a valuation of US$ 10,432.3 Mn by 2032 end.

Throughout the projected period, the market is anticipated to grow in response to rising demand for textile auxiliaries, which is being boosted by the expanding apparel and clothing sector, rising use of textile auxiliary materials for various applications, and a shift in emphasis toward ecologically friendly products.

ChemView Consulting has analyzed that the textile auxiliaries market is gaining popularity due to its growing demand from various industries. Major application areas of this industry include home furnishings and apparel, the healthcare sector, construction, and the automotive industry. Companies operating in the textile auxiliaries market focus on high-growth applications, such as home furnishings and apparel, to generate more revenue.

Manufacturers engaged in the textile auxiliaries market should keep up with this trend by emphasizing the development of sustainable and environment-friendly processes and products shortly.

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Segments Covered in Report

By Product Type:

  • Pre-Treatment Agents
  • Dye-Stuffs
  • Finishing Agents
  • Softening Agents
  • Anti-Foaming Agents
  • Odour Absorbers
  • Corrosion Inhibitors

By End Use:

  • Apparel
  • Home and Institutional
  • Technical Textiles
  • Digital Printing

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Textile Auxiliaries Market

  • Based on the Product Type, At 40.0% of the market, Synthetic fibers had the greatest revenue share. Synthetic fibers are made from chemicals superior to natural fibers, such as cotton or silk. The most common types of synthetic fiber include polyester, acrylic, nylon, and rayon. Synthetic textiles can be more durable than natural fibers like cotton.
  • Based on the End-Use, The global textile industry is expected to witness an accelerating growth trend during the forecast period, resulting in a steady rise in revenues. Increasing demand for textiles and growing investments in the fashion and clothing sector are driving the market’s growth. Moreover, the rising usage of materials for fashion and clothing applications is estimated to drive market growth in the forecast period.
  • Based on Region, The Asia Pacific dominated the textile market in terms of revenue with a share of 45.6 % in 2020 and is projected to dominate the market during the forecast period. The Region will benefit from increased production of textiles in emerging economies such as China, Japan, India, and South Korea.

Competition Summary

Key companies covered in the market study are Huntsman Corporation, Solvay, Zschimmer and Schwarz GmbH & Co KG, Rudolph GmbH, The Dow Chemical Company, Akzo Nobel N.V., Evonik Industries AG, Archroma Limited, ChemDyes Sdn Bhd, Oleon, Fibro Chem LLC, Covestro AG, Tata Chemicals, DyStar Singapore Pte Ltd., Camex Ltd., Fineotex Group, Croda International Plc, OMNOVA Solutions Inc., Kemin Industries, Others.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

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