APAC is expected to hold the largest market share in the global Textile chemicals market.

Northbrook, IL 60062 -- (SBWire) -- 07/20/2023 --The report "Textile Chemicals Market by Fiber (Natural, Synthetic), Product Type (Coating & Sizing, Colorants & Auxiliaries, Finishing Agents, Desizing Agents, Surfactants), Application (Apparel, Home Textile, Technical Textile) & Region - Global Forecast to 2026" The global Textile Chemicals Market is estimated to be USD 26.5 billion in 2021 and is projected to reach USD 33.1 billion by 2026, at a CAGR of 4.6% from 2021 to 2026. Thedriving factor for the Textile Chemicals market is chemicals is growing demand for technical textiles. Also growing adoption of low VOC and biodegradable materials for textile manufacturing is expected to provide lucrative opportunities for the growth of textile chemicals.

Browse in-depth TOC on "Textile Chemicals Market"
184 market data Tables
28 Figures
185 Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=12380328

Coating & Sizing Agents is expected to be the fastest-growing by product type in the Textile chemicals market during the forecast period.
Coating & Sizing Agents is the fastest-growing product type segment in the Textile chemicals market. In the process of sizing, various types of materials are applied to the yarn. It is a procedure carried out by applying a protective adhesive coating on the yarn. The main objective of sizing is to provide strength and glaze to the yarn. This improves the weaving efficiency by reducing yarn breakage. Coating is the process of depositing a polymeric layer on one or both sides of the textile substrate which enhances the functional properties. The chemicals used for sizing of yarns and textile coatings are called coating & sizing agents, which constitute an integral part of textile chemicals

APAC is expected to hold the largest market share in the global Textile chemicals market during the forecast period.
APAC accounted for the largest share of the Textile chemicals market in 2020. The Textile Chemicals market in APAC is driven by the demand from countries such as China, Japan, and India. Rapid industrialization, mainly in emerging economies such as China and India, has been one of the major factors driving the global Textile Chemicals market. The region's strong industrial base and the growing middle-class populations have driven the demand for a variety of textiles such as technical textiles, home textiles, and apparel. Apart from this, favorable government policies, as well as low labor costs in countries such as India, Vietnam, and Bangladesh, are further strengthening the textile industry in these countries. Low production cost in these countries and huge installed textile production capacity in countries such as China has further attracted many international textile players in the region. This is expected to drive the demand for textile chemicals in the region.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=12380328

Dow, Inc. (US), BASF SE (Germany), Wacker Chemie AG(Germany), Huntsman Corporation(US), Solvay (Belgium) among others are the leading Textile chemicals manufacturers, globally.

Driver: Increase in demand for Technical textile

Technical textile is a special kind of material or fabric designed for specific purposes. They offer unique and exclusive characteristics which are far different from those of regular fabric. These textiles combine advanced technology and improved properties such as mechanical resistance, elasticity, reinforcement, anti-dust, tenacity, insulation, thermal & fire resistance, and resistance to UV and IR. Technical textiles are generally used for non-aesthetic applications in automobile, medical & personal hygiene, sports & leisure, pollution control & filtration, agriculture, industrial, packaging, and clothing. Thus, growth in the consumption of technical textiles in these applications is fueling the demand for textile chemicals which are used in technical textile to impart advanced properties.