Home furnishing was the largest application segment of the market, with demand exceeding 3,500 kilo tons in 2013. Apparel followed home furnishing applications, accounting for 26.0% of global demand in 2013 and is expected to witness fastest growth, at an estimated CAGR of 3.4% from 2014 to 2020. Growth is also expected to be high in emerging application segments such as industrial textiles, medical textiles and construction textiles.
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Further key findings from the study suggest:
• Global textile chemical market volume was 9,230.1 kilo tons in 2013 and is expected to reach 11,462.5 kilo tons by 2020, growing at a CAGR 3.2 % from 2014 to 2020.
• Asia Pacific was the largest regional market and is expected to be the fastest growing region over the forecast period, at an estimated CAGR of 3.5% from 2014 to 2020. Presence of large application industry, coupled with growing domestic textile consumption is expected to help the region maintain its dominance over the forecast period.
• Coating and sizing chemicals were the largest consumed textile chemicals, with market revenue exceeding USD 5.90 billion in 2013. Colorants were the second largest product segment accounting for 26.3% of the global market in 2013.
• The global textile chemical market is moderately consolidated with the top four companies accounting for just over 40% of the market in 2013. Clariant International and Hunstman Internation LLC were key players in the market together accounting for 25% of the market share in 2013.
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For the purpose of this study, Grand View Research has segmented the global Textile Chemicals market on the basis of application, product and region:
• Textile Chemicals Application Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
- Home Furnishing
- Industrial and Others
• Textile Chemicals Product Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
- Coating & Sizing Chemicals
- Colorants & Auxiliaries
- Finishing Agents
- Desizing Agents
- Bleaching Agents
• Textile Chemicals Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
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