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According to IMARC Group latest report titled “Textile Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on textile chemicals market research report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global textile chemicals market reached a value of US$ 23.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 31.4 Billion by 2027, exhibiting a CAGR of 4.9% during 2022-2027.
Textile chemicals refer to heterogeneous compounds used during the manufacturing of clothes. They are mainly added in the pre-treatment of materials, which include scouring, bleaching, mercerizing, de-sizing, dyeing, printing, and finishing the overall process. Various textile chemicals are utilized, such as flame retardants, warp sizes, bleaches or mixtures, biocides, emulsified oils and greases, starch, sulfonated oils, waxes, surfactants, etc. They provide softness, sweat absorbency, color, desired texture, and finish to fabrics. Textile chemicals also offer crease, wrinkle, flame, stain resistance, and antimicrobial and water-repellant properties to the final product.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The escalating demand for apparel with several textures and designs, on account of the rising global population, is among the primary factors fueling the textile chemicals market. Besides this, the shifting consumer inclination towards foreign brands and the increasing influence of social media are further augmenting the market growth. Moreover, the growing popularity of green or bio-based textile chemicals, prepared from renewable or readily available resources which are non-flammable and biodegradable, have low toxicity, and have a low tendency to undergo bioaccumulation in the environment, is also catalyzing the global market. Apart from this, the elevating utilization of natural or organic product variants across the material industry is acting as another significant growth-inducing factor. Furthermore, the increasing need for these compounds in the manufacturing of automobile fabrics, including seat belts, headliners, and vehicle covers, is expected to bolster the textile chemicals market in the coming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
Our report has categorized the market based on region, fiber type, product type and application.
Key highlights of the report:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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