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Textile Auxiliaries Market (Product - Finishing Agents, Dyeing and Printing Agents, Spin Finish, Knitting and Weaving, and Other Auxiliaries; Application - Home Furnishing, Technical Textiles, Agrotech, Apparel, and Industrial Textiles): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2020

  • Rep Id : CM0324

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the textile auxiliaries market provides an in-depth analysis of segments and sub-segments in the global as well as regional textile auxiliaries market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional textile auxiliaries market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global textile auxiliaries market. According to the report, the global textile auxiliaries market is projected to grow at a CAGR of 4.6% over the forecast period of 2020-2026.

 

Market Insight

Textile auxiliaries are set of different chemical components that used for functioning at various stages of fabric production such as preparation, dyeing, printing, and finishing. It imparts desired properties and colors to the fabrics during the manufacturing process. Textile auxiliaries have various applications such as washing and drying of yarns and fabrics, apparel to home furnishing, and more. Manufacturers in the textile auxiliaries market are focusing on interactive e-textiles and intelligent fabrics. Additionally, research and development in textiles auxiliaries market promote the development of materials and processes to be environmentally safe.

 

The rising applications of textile auxiliaries in the construction sector contributed to the growth of the textile auxiliaries market. The apparel sector contributes to the major part of the growing textile auxiliaries market due to the increasing clothing industry in developing and developed countries worldwide. Further, the rise in the disposable income of people led to the expansion of the textile auxiliaries market. The versatility of textiles promotes the adoption of non-aesthetic functional purposes called technical textiles that includes pack tech, agrotech, Meditech, and others. Agrotextiles is becoming popular owing to the rising preference for degradable and compostable agro textiles. The growing popularity of technical textiles is one of the leading contributors to the growth of the textile auxiliaries market.


Additionally, the emergence of smart textiles as part of technical textiles stimulates the growth of the textile auxiliaries market. Smart textiles are e-textiles with classical electronic devices embedded into electronics and garments integrated into textile substrates. Furthermore, the increasing consumer awareness of fashion and the rising fashion industry led to the development of the textile auxiliaries market. On the flip side, strict environmental regulations and toxic waste production hinder the growth of the textile auxiliaries market. Moreover, rising research and development create several opportunities in the global textile auxiliaries market.


The current concerns over the spread of coronavirus are also expected to have a momentary impact on the textile auxiliaries market. The outbreak has hampered the market both in exports and domestic. The demand for products from countries such as China has severely impacted. Also, due to low consumer sentiment and less consumption in several countries of the world, the market is hampered. Further, the steep reduction in demand due to the stoppage of exports/imports and closure of malls and showrooms, the textile auxiliary market is facing unprecedented and severe losses. However, over the long term growth of the market is likely to remain stable.

 

Geographically, the global textile auxiliaries market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is expected to have a prominent share in the global textile auxiliaries market. The growing textile manufacturing industry in countries such as India, China, Vietnam, and Bangladesh drives the growth of the textile auxiliaries market in Asia-Pacific. North America has a significant CAGR in the global textile auxiliaries market. The growing investments for the production of fibers, fabrics, non-apparel textiles, and yarns in the United States drive the expansion of the textile auxiliaries market in North America. Europe has lucrative growth opportunities in the global textile auxiliaries market due to the presence of a huge number of textile and clothing manufacturers in the region.

 

Segment Covered

The report on the global textile auxiliaries market covers segments such as product and application. On the basis of product, the sub-markets include finishing agents, dyeing and printing agents, spin finish, knitting and weaving, and other auxiliaries. On the basis of application, the sub-markets include home furnishing, technical textiles, agrotech, apparel, and industrial textiles.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Archroma, The Dow Chemicals Company, Solvay S.A., Huntsman International LLC, Fineotex Chemical Ltd., Evonik Industries AG, Croda International Plc, Camex Ltd., OMNOVA Solutions Inc., The Lubrizol Corporation, and other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of textile auxiliaries market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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