Global Textile Chemicals Industry is Expected to Reach USD 23,423.4 Million in 2018: Transparency Market Research
Albany NY (PRWEB) November 26, 2012
Globally, textile chemicals market is driven by the growth of the global apparels market and technical textiles market. The global textile chemicals industry, by product type was led by coating and sizing chemicals with 32.1% of the market in 2011, closely followed by colorants and auxiliaries with 26.9% of the market in 2011. Other types of textile chemicals include surfactants, desizing agents, bleaching agents and yarn lubricants. The collective share of such textile chemicals amounted to 22.9% of the global textile chemicals market by product in 2011.
Textile chemicals find its application in home furnishing, apparels, industrial and other market, with the home furnishing market accounting for 38.9% of the application market of textile chemicals, closely followed by industrial application market in 2011.
Asia Pacific along with being the largest market is also the fastest growing market for textile chemicals with about 4% growth during the forecast period. North America and Europe are expected to grow at a slower rate than the global average.
This research is specially designed to estimate and analyze the production, consumption and price trends of textile chemicals in a global scenario. This research provides in-depth analysis of textile chemical producers, production and trend analysis by segments and demand by geography. The report covers all the major product segments of the global textile chemicals market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered.