Global Textile Chemicals Industry pegged at US $ 25.5 billion in 2020

Zion Research has come up with a new report titled, ‘Textile Chemicals (Covering & Sizing Chemicals, Colorants & Auxiliaries, Finishing Agents, Surfactants, Desizing Agents, Bleaching Brokers and Yarn Lubricants) Industry for Home Furnishing, Outfits and Industrial & Other Applications: Global Industry Perspective, In depth Analysis, and Forecast 2014 - 2020’. As per the record, the global demand for textile chemical compounds was coming in 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 quantity, the global textile chemical compounds marketplace stood at above 9,500 kilo tonnes in 2014.

The textile industry could 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 chemical compounds are essential division of the textile industry as various chemical compounds are expected in the textile industry right from pre-treatment level to the completing of textile.

Textile chemicals could be a compound, intermediates or chemical compounds used at any stage of textile production and using its use the makers of textile have the ability to get the desired colors, appearance, texture and properties within their final product. Several important chemicals used at different degree of textile manufacturing include pre-treatment chemical compounds, textile dyeing chemicals, dyeing and printing chemicals, finishing chemicals, antistatic agents and other specialty chemical compounds.

In context to India, the ‘India Textile Chemical compounds Market Forecast & Opportunities, 2018’, put the textile chemicals market on India to grow at the CAGR of around 12%, regarding industry revenues. The important players such as BASF, Clariant and Huntsman happen to be emphasizing towards item innovation in textile chemicals through preparation of eco-friendly products in addition to high-end goods, which add functional homes to the end-goods i.e. textiles. These businesses are extensively employing bio-auxiliaries and different environment-friendly chemicals as a way to decrease the overall pollution load confronted by textile processing crops.