Aug 31, 2022   SOURCE: BusinessWire

Insights on the Technical Textile Chemical Global Market to 2027 - Featuring BASF, Huntsman International and Archroma Among Others - ResearchAndMarkets.com

The "Technical Textile Chemical Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Material Type, By Fibers, By Application, By End-Use, By Region" report has been added to ResearchAndMarkets.com's offering.

The global technical textile chemical market was valued at USD8.6 billion in 2021. The market is projected to register a CAGR growth of over 4.6% during the forecast years, 2023-2027, owing to the factors like surging demand for technical textiles for the home furnishing & decoration sector and rising demands for the commercial spaces.

Companies Mentioned

  • The Dow Chemicals Company
  • BASF SE
  • Huntsman International LLC
  • Archroma
  • E.I. du Pont de Nemours and Company
  • DyStar Colours Deutschland GmbH
  • Lubrizol Corporation
  • Eastman Chemical Company
  • M Company
  • Bayer MaterialScience AG
  • Lanxess AG
  • Sumitomo Chemicals

Besides, increasing industrialization and globalization and expanding service-based industries like information technology and telecommunications, banking, financial services, and insurance are positively contributing to the growth of the global technical textile chemical market.

Technical textile chemicals are substances used in the production of several types of technical textiles. Technical textiles are created for functional, rather than aesthetic reasons, and are produced according to their intended use. Technical textile materials are frequently used in spacesuits, stab- and bulletproof vests, molten metal protection for welders, filter clothes, and other products.

The uses for technical textiles are very varied. Technical textiles are categorized according to how well-suited they are for a given sector. Technical textiles are most commonly used in the following sectors: agricultural (agrotextiles), construction (construction textiles), apparel (clothing textiles), geotech (geotextiles), and home technology (home textiles), healthcare (medicare textiles), etc.

Enhancing personal safety is one of the technical textile's key features. The materials were highly utilized to make PPE suits in the most recent pandemic incident. The need for the same has increased dramatically over the last two years. The growing demand for technical fabrics is a clear indication that the public is becoming increasingly concerned about health issues and the threat that the pandemic poses to human life. Thus, it is projected that the global technical textile chemical market will expand during the next five years due to the rapid surge in demand for technical textiles.

The global technical textile chemical market segmentation is based on material type, fibers, application, end-use, regional distribution, and competitive landscape. Based on the end-use, the market is sub-segmented into hygiene & medicals, furniture & upholstery, automobiles, building and construction, sports & leisure, personal protection, Agri & forestry, and others. The furniture & upholstery segment is anticipated to register the highest growth in the market, owing to the rising demand for products in the household sectors and increase in residential construction activities.

Objective of the Study:

  • To analyze the historical growth in the market size of the global technical textile chemical from 2017 to 2021.
  • To estimate and forecast the market size of global technical textile chemical market from 2023 to 2027 and growth rate until 2027.
  • To classify and forecast the global technical textile chemical market based on material type, fibers, application, end use, region, and company.
  • To identify the dominant region or segment in the global technical textile chemical market.
  • To identify drivers and challenges for the global technical textile chemical market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global technical textile chemical market.
  • To identify and analyze the profiles of leading players operating in the global technical textile chemical market.
  • To identify key sustainable strategies adopted by market players in global technical textile chemical market.

Report Scope:

In this report, global technical textile chemical market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Technical Textile Chemical Market, By Material Type:

  • Coating and Sizing Chemicals
  • Colorants and Auxiliaries
  • Finishing Agents
  • Others

Technical Textile Chemical Market, By Fibers:

  • Regular
  • High Tenacity
  • High Performance
  • Special Performance
  • Others

Technical Textile Chemical Market, By Application:

  • Cloth-tech
  • Sport-tech
  • Pro-tech
  • Home-tech
  • Indu-tech
  • Med-tech
  • Mobile-tech
  • Build-tech

Technical Textile Chemical Market, By End Use:

  • Hygiene & Medicals
  • Furniture & Upholstery
  • Automobiles
  • Building and Construction
  • Sports & Leisure
  • Personal Protection
  • Agri & Forestry
  • Others

Technical textile chemical Market, By Region:

  • North America
  • United States
  • Mexico
  • Canada
  • Europe & CIS
  • France
  • Germany
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Vietnam
  • Indonesia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Iran
  • South America
  • Brazil
  • Argentina
  • Colombia

For more information about this report visit https://www.researchandmarkets.com/r/5gm7ne