ALBANY, New York, August 3, 2015 /PRNewswire/ --
Transparency Market Research has released a new market report titled "Textile Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020." According to the report, the global textile chemicals market was valued at USD 19.66 billion in 2013 and is projected to reach USD 25.42 billion by 2020, expanding at a CAGR of 3.7% from 2014 to 2020.
Textile chemicals are generally defined as compounds, intermediates and chemicals used in processing and manufacturing of textiles. Textile chemicals improve and optimize the manufacturing process, endowing the final products with a specific function or particular desirable appearance. For instance, greenhouse fabrics (that reflect the sun), flameproof furniture fabrics and durable airbags for vehicles. Coating & sizing chemicals was the largest product segment of the global textile chemicals market, accounting for more than 30% of the global market volume in 2013. Home furnishing was the largest application segment of the global textile chemicals market in 2013, due to rising demand from the residential construction industry. In terms of volume, the segment accounted for more than 33% of the global market in 2013.
Full Research Report on Textile Chemicals Market with detailed figures and segmentation at: http://www.transparencymarketresearch.com/textile-chemicals-market.html
Finishing agents is expected to be the fastest growing segment of the global textile chemicals market in the next few years. Increasing demand for these types of textile chemicals can be primarily ascribed to the requirement of better-finished fabrics. Additionally, apparel segment is estimated to be the fastest growing application segment of the global textile chemicals market in the next few years. Increasing demand for apparels in developing regions is likely to drive the demand for textile chemicals in the apparels application segment in the next few years.
Get Sample Report Copy OR For further inquiries, click here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=205
Asia Pacific dominated the global textile chemicals market, accounting for more than 50% of the total market volume in 2013. Rising demand for textile chemicals in apparels and industrial textiles segments is likely to drive the textile chemicals market in Asia Pacific in the next six years. Asia Pacific is expected to be the fastest growing region in the textile chemicals market in the next few years. Increasing demand for textile chemicals in fast developing nations in Asia, such as India and China, is expected to drive the textile chemicals market in Asia Pacific in the next six years. Furthermore, factors such as steady economic recovery in the U.S. and Europe and higher demand for textile chemicals in RoW are anticipated to boost the global textile chemicals market in the next few years. Key players operating in the textile chemicals include The Dow Chemical Company, Solvay S.A., Zhejiang Longsheng Group Co. Ltd (Lonsen), Archroma (formerly Clariant), BASF SE, and The DyStar Group.
Browse the Press Release of this report, here: http://www.transparencymarketresearch.com/pressrelease/textile-chemicals-market.htm
The report segments the global textile chemicals market as:
Textile Chemicals Market - Product Segment Analysis
- Coating & Sizing Chemicals
- Colorants & Auxiliaries
- Finishing Agents
- Desizing Agents
- Bleaching Agents
- Yarn Lubricants
Textile Chemicals Market - Application Analysis
- Home Furnishing
- Industrial & Other
Browse the Article of this report, here: http://www.transparencymarketresearch.com/article/textile-chemicals-market.htm
Textile Chemicals Market - Regional Analysis
- North America
- European Union
- Asia Pacific
- Rest of Asia
- RoW (South America, Africa and the Middle East)
Other Research Reports by Transparency Market Research:
- Boscalid Market: http://www.transparencymarketresearch.com/boscalid-market.html
- Thiophanate Methyl Market: http://www.transparencymarketresearch.com/thiophanate-methyl-market.html
- Paraformaldehyde Market: http://www.transparencymarketresearch.com/paraformaldehyde-market.html
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Mr. Nachiket Ghumare
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
SOURCE Transparency Market Research