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, forecasts, 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.
Textile auxiliaries are a 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 the 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, with the steep reduction in demand due to the stoppage
of exports/imports and the 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.
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.
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.
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 the textile auxiliaries
market. Moreover, the study highlights current market trends and provides
forecasts 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.
Please Choose One of them.