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The global textile chemicals market size is projected
to reach USD 26.40 billion by the end of 2027. The increasing applications of
the product across diverse industry verticals will emerge in favor of the growth
of the market. According to a report published by Fortune Business Insights,
titled “Textile Chemicals Market Size, Share & COVID-19 Impact Analysis,
By Product Type (Coating & Sizing Chemicals, Colorant & Auxiliaries,
Finishing Agents, Surfactants, De-sizing Agents and Others), By Application
(Apparel, Home Furnishing and Technical Textiles) and Regional Forecast,
2020-2027,” the market was worth USD 20.85 billion in 2019 and will exhibit
a CAGR of 3.2% during the forecast period, 2020-2027.
The recent coronavirus outbreak has created a sense
of panic across the world. This has led to a shutdown in major businesses
across the world. We understand that this health crisis has brought an
unprecedented impact on businesses across industries. However, this too shall
pass. Rising support from governments and several companies can help in the
fight against this highly contagious disease. There are some industries that
are struggling and some are thriving. Overall, almost every sector is
anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your
business sustain and grow during COVID-19 pandemics. Based on our experience
and expertise, we will offer you an impact analysis of coronavirus outbreak
across industries to help you prepare for the future.
Source:
https://www.fortunebusinessinsights.com/textile-chemicals-market-103284
Textile chemicals are products that are used in the treatment of textile material at various stages in the manufacturing process. The product plays an important role in obtaining favorable textile properties. The rising applications of textile chemicals across diverse industry verticals will emerge in favor of the growth of the overall market in the forthcoming years. The massive investments in the development of efficient textile chemicals by major companies across the world will contribute to the growth of the market. Accounting to the rising awareness regarding the use of harmful chemicals and their adverse effects on the quality and durability of textiles, there is an increasing demand for green textile chemicals across the world. The increasing R&D activities will play a crucial role in the development of green textile chemicals in the coming years.
Cost-reduction Needs have put Innovations to the
Fore
The report encompasses several factors that have
contributed to the growth of the overall textile chemicals market in recent
years. Among all factors, the increasing number of product innovations driven
by rising need for low-cost products will have a huge impact on the growth of
the market. Several companies are focusing on manufacturing methods with the
view to minimizing the total product cost. In October 2019, Huntsman
Corporation, a leading textile chemical manufacturer, announced that it has
launched a new dyeing auxiliary that will save the total cost of polyester
dyeing.
The company introduced ‘Eriopon E-3 SAVE’ dyeing; a
product with the ability to shorten the dyeing cycle of the polyester. The
product will combine pre-sourcing, reduction, and dyeing in a single bath. This
will significantly reduce the time as well as the cost associated with the
product. Huntsman’s latest product is not the only progress that the company
has made and recent activities will help the company gain a formidable stand in
the market.
The global textile chemicals market size is projected
to reach USD 26.40 billion by the end of 2027. The increasing applications of
the product across diverse industry verticals will emerge in favor of the growth
of the market. According to a report published by Fortune Business Insights,
titled “Textile Chemicals Market Size, Share & COVID-19 Impact Analysis,
By Product Type (Coating & Sizing Chemicals, Colorant & Auxiliaries,
Finishing Agents, Surfactants, De-sizing Agents and Others), By Application
(Apparel, Home Furnishing and Technical Textiles) and Regional Forecast,
2020-2027,” the market was worth USD 20.85 billion in 2019 and will exhibit
a CAGR of 3.2% during the forecast period, 2020-2027.
The recent coronavirus outbreak has created a sense
of panic across the world. This has led to a shutdown in major businesses
across the world. We understand that this health crisis has brought an
unprecedented impact on businesses across industries. However, this too shall
pass. Rising support from governments and several companies can help in the
fight against this highly contagious disease. There are some industries that
are struggling and some are thriving. Overall, almost every sector is
anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your
business sustain and grow during COVID-19 pandemics. Based on our experience
and expertise, we will offer you an impact analysis of coronavirus outbreak
across industries to help you prepare for the future.
Source:
https://www.fortunebusinessinsights.com/textile-chemicals-market-103284
Textile chemicals are products that are used in the treatment of textile material at various stages in the manufacturing process. The product plays an important role in obtaining favorable textile properties. The rising applications of textile chemicals across diverse industry verticals will emerge in favor of the growth of the overall market in the forthcoming years. The massive investments in the development of efficient textile chemicals by major companies across the world will contribute to the growth of the market. Accounting to the rising awareness regarding the use of harmful chemicals and their adverse effects on the quality and durability of textiles, there is an increasing demand for green textile chemicals across the world. The increasing R&D activities will play a crucial role in the development of green textile chemicals in the coming years.
Cost-reduction Needs have put Innovations to the
Fore
The report encompasses several factors that have
contributed to the growth of the overall textile chemicals market in recent
years. Among all factors, the increasing number of product innovations driven
by rising need for low-cost products will have a huge impact on the growth of
the market. Several companies are focusing on manufacturing methods with the
view to minimizing the total product cost. In October 2019, Huntsman
Corporation, a leading textile chemical manufacturer, announced that it has
launched a new dyeing auxiliary that will save the total cost of polyester
dyeing.
The company introduced ‘Eriopon E-3 SAVE’ dyeing; a
product with the ability to shorten the dyeing cycle of the polyester. The
product will combine pre-sourcing, reduction, and dyeing in a single bath. This
will significantly reduce the time as well as the cost associated with the
product. Huntsman’s latest product is not the only progress that the company
has made and recent activities will help the company gain a formidable stand in
the market.
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