Asia Textile Chemicals Market Projected to be Worth US$ 11,626 Mn by 2020

Viscosity Reducing Agents Market

Rapidly growing government initiatives in the countries such as India for the purpose of retaining healthy growth in the textile industry is taken up as one of the major factor driving the growth of Asia textile chemicals market. Apart from this, growing concerns with regards to assurance of sustainable development will further impact the growth of Asia textile chemicals market on a positive basis. Ever-increasing demand for environment friendly chemicals that are hold compliance with international and regional regulations have been gaining traction across Asia textile chemicals market since the recent past.

Increasing demand for functional finishes has led to healthy growth of the textile finishing chemicals, which imparts these particular finishes to apparels and textile. This move in turn will positively impact the growth of Asia textile chemicals market in the near future. Textile auxiliaries according to recent analysis have been holding the major share compared to the rest in Asia textile chemicals market. Building and construction industries are expected to contribute significantly towards the growth of Asia textile chemicals market in the coming years. Rapid increase in the middle class as well as booming housing market are likely to have positive impact on the growth of Asia textile chemicals market over the assessment period.

Future Market Insights has analyzed that Asia textile chemicals market is likely to expand at a healthy 7.6% CAGR over the assessment period, 2014-2020. In addition, Asia textile chemicals market is anticipated to touch an evaluation of approximately US$ 11,626Mn by the end of 2020. Burgeoning demand for the technical tiles is likely to contribute significantly towards the growth of Asia textile chemicals market in the near future.

China to Take the Lead in Asia Textile Chemicals Market

Fast-growing textile industry markets such as Malaysia, Bangladesh, Vietnam and China are triggering demand for the textile chemicals, contributing significantly towards the growth of Asia textile chemicals market. These countries have displayed considerably high growth in export of textiles, especially to European and US regions.

China is expected to hold the lion’s share in Asia textile chemicals market over the assessment period. In terms of value, India holds the second position in Asia textile chemicals market over the assessment period. Apart from this, countries such as Indonesia, Bangladesh and Vietnam will emerge as the most lucrative regions in Asia textile chemicals market in the near future.

Manufacturing Insights

Asia textile chemicals manufacturers, namely, DyStar Group, Archroma Management LLC and Huntsman Corporation are analyzed as the prominent players operating in the Asia textile chemicals market. For attaining a competitive edge, Asia textile chemicals manufacturers are working towards differentiated product offerings and developing innovative products. Rapidly increasing requirement for home furnishings have been offering production opportunities to the manufacturers in Asia textile chemicals market.

Rapid increase in customer awareness regarding high quality living and most of all, home fashion, has increased on a larger basis. Therefore, manufacturers in the Asia textile chemicals market can witness significant production opportunities, which in turn is resulting as a trend in Asia textile chemicals market, positively impacting the market growth as well.

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About Nikhil Kaitwade 45 Articles
With over 8 years of experience in market research and consulting industry, Nikhil has worked on more than 250 research assignments pertaining to chemicals, materials and energy sector. He has worked directly with about 35 reputed companies as lead consultant for plant expansion, product positioning, capacity factor analysis, new market/segment exploration, export market opportunity evaluation and sourcing strategies.