Zion Research has come up with a new report titled, ‘Textile Chemicals (Coating & Sizing Chemicals, Colorants & Auxiliaries, Finishing Agents, Surfactants, Desizing Agents, Bleaching Agents and Yarn Lubricants) Market for Home Furnishing, Apparel and Industrial & Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast 2014 – 2020’. As per the report, the global demand for textile chemicals was priced at US $ 20.5 billion in 2014 and is likely to reach US $ 25.5 billion in 2020, growing at a CAGR of around 4% between 2015 and 2020. In terms of volume, the global textile chemicals market stood at above 9,500 kilo tonnes in 2014.
The textile industry can be classified on the basis of product types like coating and sizing chemicals, colourants and auxiliaries, finishing agents, surfactants, desizing agents, bleaching agents and yarn lubricants. The textile chemicals are vital division of the textile industry as various chemicals are required in the textile industry right from pre-treatment stage to the finishing of textile.
Also Read – Technical Textile Chemicals Market to be worth US $ 4.96 billion by 2020, claims Grand View Research
Textile chemicals can be a compound, intermediates or chemicals used at any stage of textile production and with its use the manufacturers of textile manage to get the desired colours, appearance, texture and properties in their final product. Several important chemicals used at different level of textile manufacturing include pre-treatment chemicals, textile dyeing chemicals, dyeing and printing chemicals, finishing chemicals, antistatic agents and other specialty chemicals.
In context to India, the ‘India Textile Chemicals Market Forecast & Opportunities, 2018’, put the textile chemicals market in India to grow at the CAGR of approximately 12%, in terms of industry revenues. The major players such as BASF, Clariant and Huntsman are emphasizing towards product innovation in textile chemicals through preparation of eco-friendly products as well as high-end products, which add functional properties to the end-products i.e. textiles. These companies are extensively using bio-auxiliaries and other environment-friendly chemicals in order to decrease the overall pollution load faced by textile processing plants.
