According to a new market research report published by Credence Research, Inc. “Textile Chemicals Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” textile chemicals market was valued at US$ 21.80 Bn in 2016, and is expected to reach US$ 30.23 Bn by 2025, expanding at a CAGR of 3.7% from 2017 to 2025.

Market Insights

The production and demand of textile products is growing at rate of more than 3% yearly owing to increasing demand from apparel industry due to rising population The market is also affected by factors such as growth in the demand for textile chemical from home furnishing products, development of eco-friendly chemicals for textiles industries, and evolution of packaging industries, require large textile chemicals.

Browse the full Textile Chemicals Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report athttp://www.credenceresearch.com/report/textile-chemicals-market

Resil Chemicals has entered into business alliance with Japan’s Nicca Chemical for joint development and marketing of products used for processing synthetic textiles.

India is a leading textile market with a focus on cotton textiles. However, in recent years processing of synthetic textile products has been growing and India has emerged as the largest synthetic textiles markets in the world after China.

Nicca Group has traditionally exported and sold textile processing chemicals on its own. However, to strengthen sales in South-West Asia, it has decided to collaborate with Resil, which has in-depth technical know-how to accelerate business development in the most effective way forward, Nicca said in a statement.

While Resil will have the exclusive rights to distribute Nicca textile chemical products in India, Resil Chemicals will grant Nicca permission to sell its textile chemicals in countries such as Japan, Korea, Taiwan, China, Vietnam, Thailand, Indonesia and the US. As part of the business alliance, the two companies will start joint product development and marketing activities for innovative textile chemical solutions.

Moderately Consolidated Textile Chemicals Market

The global textile chemicals market is moderately consolidated. Companies consistently develop new strategies to expand their capacity and product portfolios through joint ventures and research & development. In 2016, Huntsman Corporation signed a partnership agreement with Jihua Group, China. The move was anticipated to strengthen the portfolio of dye and chemical products of Huntsman Corporation in China’s textile industry. In the same year, DyStar announced its acquisition of three specialty chemicals units of a U.S.-based company, Emerald Performance Materials LLC. Archroma, Lonsen, and Covestro AG are some of the prominent players in the textile chemicals market. Other key players in the textile chemicals market include Huntsman Corporation, DyStar Singapore Pte Ltd, Tata Chemicals Ltd., Fibro Chem LLC, OMNOVA Solutions Ins., and Solvay S.A.

Textile Chemicals Market:  By Product (Volume Kilo Tons, Revenue US$ Mn, 2017-2026)

  • Coating & Sizing Chemicals
    • Wetting Agents
    • Defoamers
    • Other Coating & Sizing Chemicals
  • Colorants & Auxiliaries
  • Finishing Agents
  • Surfactants
  • Desizing Agents
  • Bleaching Agents
  • Yarn Lubricants
  • Others

Textile Chemicals Market:  By Application (Volume Kilo Tons, Revenue US$ Mn, 2017-2026)

  • Home Furnishing Textiles
    • Carpets & Rugs
    • Furniture
    • Other Home Furnishing Textiles
  • Technical Textiles
    • Agrotech
    • Geotech
    • Meditech
    • Other Technical Textiles
  • Apparel
  • Industrial Textiles

Browse the full Textile Chemicals Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 report athttp://www.credenceresearch.com/report/textile-chemicals-market

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